Lanolin Market – Global Industry Analysis, Growth, Trends, COVID-19 Impact and Forecast (2023-2029)

Lanolin Market has valued at US$ 332.6 Mn. in 2022. The Global Lanolin Market size is estimated to grow at a CAGR of 5.68% over the forecast period.
Lanolin Market Overview:
Lanolin is a yellow wax that sheep's sebaceous glands secrete to keep their wool soft. It's a good emollient that softens dry spots by forming a layer on top of the skin. Eczema, burns, scrapes, baby diaper rashes, dry lips, cracked skin, and raw nipples can all benefit from it. As a result, it's used in the production of creams, moisturizers, lipsticks, concealer eyeliners, makeup removers, shaving creams, hair removal creams, hair conditioners, and body washes all over the world.To know about the Research Methodology:- Request Free Sample Report
Lanolin Market Dynamics:
The pharmaceutical products industry across the globe is expected to be worth more than USD 1.23 trillion by 2029. Growth in healthcare spending as a result of the rising prevalence of various medical disorders has resulted in a boost in pharmaceutical product development for specific illnesses, propelling industry growth and driving lanolin demand. Wool grease contains antifungal and antibacterial characteristics that aid in the prevention of dermatological problems. It's also used in ointments to treat skin rashes, burns, and wounds, which will help drive the market forward.

Growing industrial application possibilities, such as anti-corrosion products, bio-lubricants, automotive, metal cutting, and the leather industry, are expected to boost the market growth. It is described as a non-corrosive, water-repellent natural alternative to petroleum-based lubricants that protects against rust, acid, and salts. Product demand in this area is expected to be boosted by growing demand for bio-based alternatives to minimize reliance on conventional petrochemical-based lubricants.

Complex refining processes may leave certain contaminants in the product, posing a health concern and jeopardizing industry profitability. Another restricting factor that is expected to affect lanolin market price trends is the high reliance on the supply of sheep wool as the only source for commercial production.

Cosmetics & Personal Care Applications Prominence:

Lanolin is a common active component in cosmetics and personal care products for a number of uses. Lanolin is a one-stop solution for the cosmetics and personal care sector, as it may be utilized as an emulsifier, emollient, moisturizer, and stabilizer. It's also used in the manufacture of lip care products like lip balms and lipsticks. The lanolin market will benefit from the rise of this area, as it is a high-revenue-generating category for the cosmetics industry. Growing disposable income is one of the major reasons driving demand in the cosmetics and personal care business, and it has an indirect but important impact on lanolin consumption.

To attract a larger consumer base, manufacturers are working on innovative ingredient discovery, private label introduction, and professional product releases. Over the projected period, these factors are expected to have a beneficial impact on the demand for lanolin derivatives in cosmetic products. Lanolin waxes and oils are increasingly being used by major personal care and cosmetics firms to boost the sensory appeal and overall product value. These oils assist to cleanse, balancing out skin tone, increasing suppleness, and moisturizing regions of the body that are frequently exposed to harsh elements like pollution and air conditioning.

Oil-based lubricants are being phased out in favor of synthetic lubricants:

Several end-use sectors, which use lubricants have shown evidence of transitioning toward bio-based lubricants rather than mineral oil-based lubricants. The industrial sector has a high need for lanolin as a lubricant in many applications, as evidenced by this trend. The growing awareness of natural resource depletion, notably mineral oil, increases the demand, which is further spurred by the economic feasibility of using lanolin.
Lanolin Market Segment Analysis:
Based on Downstream Potential Derivatives, the Lanolin Market is segmented into Lanolin alcohol, Ethoxylated lanolin, Acetylated lanolin, and Lanolin acid. The Lanolin alcohol segment held the largest market share, accounting for 54.1% in 2022. The segment growth is attributed to technology breakthroughs and product developments in the compositions of numerous cosmetic and personal care items. Lanolin alcohol is also commonly utilized in baby care, hair care, and skincare products because it is a non-drying organic molecule.

Based on Application, the Lanolin Market is segmented into Personal care & cosmetics, Baby care, Pharmaceutical, and Industrial. In 2022, the Personal care & cosmetics segment held the largest market share, accounting for 43% and it is expected to continue to dominate through the forecast period. It's a multipurpose element that works as a natural stabilizer and emulsifier in ointments and other skin care products. Wool grease is also used as a plasticizer in hair sprays and has a wide range of applications in hair care preparations as a conditioner against drying, brittle, and scaling of the hairs. Recent hairstyling trends, such as hair coloring, styling, and other grooming procedures, have increased hair and scalp concerns, promoting the use of lanolin to improve hair and scalp conditions and therefore accelerating market growth.

The Babycare application segment is expected to witness significant growth at a CAGR of 5.9% through the forecast period. By functioning as a barrier for healing and calming skin, it aids in the treatment of diapers and dribbling rash. Changes in lifestyle and growing living standards, aided by government initiatives to encourage infant and mother care programs, are expected to increase demand for baby care goods, which in turn, is expected to boost the lanolin market growth.
Lanolin Market Regional Insights:
The global market for Lanolin has been distributed into North America, South America, Middle East and Africa, Asia Pacific, and Europe based on geography. The Asia Pacific region held the largest market share accounting for 43% in 2022. Due to the highly developed cosmetics sector in China, India, Japan, and South Korea, along with ongoing investments in the region to advance the pharmaceutics sector over time, Asia-Pacific is expected to dominate the global market. The Asia-Pacific region's cosmetics market is led by Japan, China, South Korea, and India. In addition, rising temperatures in Asia-Pacific are increasing the demand for lanolin in many applications, with the majority of the population being impacted by various skin disorders and an increased need for various medical attention in the country.

The Europe region is expected to witness significant growth at a CAGR of 5.4% through the forecast period. Export-driven growth in cosmetics and personal care products, primarily in France and Germany, are driving the regional market growth. The presence of big cosmetic manufacturers, namely in the United Kingdom, France, and Germany, who focus on natural and organic ingredients and invest heavily in new product launches, along with emerging new players in this industry, are expected to contribute to the regional market growth.

The objective of the report is to present a comprehensive analysis of the global Lanolin Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Lanolin Market dynamic, structure by analyzing the market segments and projecting the Lanolin Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Lanolin Market make the report investor’s guide.
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Lanolin Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 332.6 Mn.


Forecast Period 2023 to 2029 CAGR:
5.68%
Market Size in 2029:
US $ 489.7 Mn.


 Segments Covered:
by Derivative
• Lanolin alcohol
• Ethoxylated lanolin
• Acetylated lanolin
• Lanolin acid


by Application
• Personal care & cosmetics
• Babycare
• Pharmaceutical
• Industrial


by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)



Lanolin Market Key Players:
• Rolex Lanolin Products Limited (RLPL)
• The Lubrizol Corporation
• Suru Chemicals & Pharmaceuticals Pvt. Ltd.
• Lanotec
• Tallow Products Pty Ltd.
• Nippon Fine Chemicals Co., Ltd.
• Croda International
• WellMan Advance Materials
• NK Chemicals
• Quimica Del Centro S.A. De C.V.
• Sancai Lanolin
• Orthochem
• Yinxin Chemical Co., Ltd.
• Zhejiang Garden Biochemical High-Tech Co.,Ltd
• FENCHEM
• Impressum
• Lanco
• Barentz
• Gustav Heess GmbH
• Spectrum Chemical Manufacturing Corp
• Global Seven
• Nanjing Duoyuan Biochemistry Co.,Ltd.
• Charkit Chemical Company LLC
• Zhonglan Industry Co.,Ltd

Frequently Asked Questions:

1. Which region has the largest share in Global Lanolin Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Lanolin Market?
Ans: The Global Lanolin Market is growing at a CAGR of 5.68% during forecasting period 2023-2029.

3. What is scope of the Global Lanolin Market report?
Ans: Global Lanolin Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Lanolin Market?
Ans: The important key players in the Global Lanolin Market are – Rolex Lanolin Products Limited (RLPL), The Lubrizol Corporation, Suru Chemicals & Pharmaceuticals Pvt. Ltd., Lanotec, Tallow Products Pty Ltd., Nippon Fine Chemicals Co., Ltd., Croda International, WellMan Advance Materials, NK Chemicals, Quimica Del Centro S.A. De C.V., Sancai Lanolin, Orthochem, Yinxin Chemical Co., Ltd., Zhejiang Garden Biochemical High-Tech Co.,Ltd, FENCHEM, Impressum, Lanco, Barentz, Gustav Heess GmbH, Spectrum Chemical Manufacturing Corp, Global Seven, Nanjing Duoyuan Biochemistry Co.,Ltd., Charkit Chemical Company LLC, Zhonglan Industry Co.,Ltd

5. What is the study period of this Market?
Ans: The Global Lanolin Market is studied from 2022 to 2029.