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Keratin Market Consumption Accounted for a Revenue of US$ 3.2 Billion by the end of 2032: Fact.MR

chemical-industry

In 2022, the global keratin market is anticipated to be valued at US$ 1.7 billion, and between 2022 and 2032, it is predicted to grow at a CAGR of 6.5% to reach US$ 3.2 billion. The personal care and cosmetic industry’s growing use of keratin can be ascribed to the market’s expansion.

The demand for keratin is being positively impacted by the usage of keratin in a variety of cosmetic goods including facewashes, hair smoothing creams, gels, and soaps, as well as shampoos and conditioners for the hair. Products for personal care and cosmetics have permeated every aspect of people’s life all around the world.

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Major Keratin Service Providers

  • Proteina
  • Hefei TNJ Chemical Industry Co. Ltd.
  • Rejuvenol
  • Scherdiva
  • Keratin Express
  • Keraplast
  • NutriScience Innovations LLC
  • Guangzhou FONCIU Cosmetics Limited
  • Shaanxi Qinland Bio-Tech Co., Ltd.
  • Wellgreen Technology Co., Ltd.
  • Greentech Biochemicals Co. Limited
  • MakingCosmetics Inc.
  • Kerline S.r.l
  • Active Concepts LLC
  • BASF SE

Key Takeaways from Market Study

  • By product, hydrolyzed products are expected to possess 45% market share for keratin market.
  • By application, personal care & cosmetics is expected to possess 40% market share for keratin.
  • The market in Asia Pacific is expected to register a CAGR of 7.20% in the forecast period.
  • North America is expected to possess 35% market share for keratin market.
  • U.S., Canada, India and China will flourish at a CAGR of 18.5% combined until 2032

Market Trends

  1. Growing Demand for Hair Care Products: Rising consumer interest in hair health fueled the demand for keratin-based hair care products.
  2. Preference for Natural and Organic Products: Consumers sought natural and organic keratin products for perceived safety and environmental benefits.
  3. Expansion in Cosmetic Industry: The cosmetic industry, where keratin is widely used, continued to grow, driven by urbanization and changing lifestyles.
  4. Technological Advancements: Ongoing R&D focused on improving the effectiveness of keratin in various applications.
  5. Market Consolidation: Larger companies acquired smaller players to expand their keratin product portfolios.
  6. Regulatory Scrutiny: Regulatory authorities paid more attention to safety and labeling of keratin-containing products.
  7. Sustainability and Ethical Sourcing: Consumers prioritized responsibly sourced keratin products.
  8. Market Challenges: Challenges included safety concerns with formaldehyde-based treatments and pricing pressures due to competition.
  9. Globalization: The keratin market became more global, with diverse markets and consumer preferences.
  10. E-commerce Growth: The rise of e-commerce transformed how keratin products were sold and marketed.

 Competitive Analysis

  • Active Concepts LLC is focusing on providing keratin to vegan cosmetic products. Thus, the company is deriving keratin from botanical sources. The company’s AC vegan keratin OS is non-GMO and made of chickpea, quinoa and lentil proteins.
  • Greentech Biochemicals Co., Limited. Is another key player providing keratin in different types, namely hydrolyzed keratin powder and keratin powder.

Industry Survey

  • By Product:
    • Hydrolysed
    • Others
  • By Application:
    • Personal Care & Cosmetics
      • Animal
      • Plant
    • Healthcare & Pharmaceuticals
      • Animal
      • Plant
    • Food & Beverages
      • Animal
      • Plant
  • By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Key Questions Covered in the Keratin Market Report

  • What will be the estimated size of the Keratin Market in 2022?
  • At what rate will sales in the global Keratin Market grow until 2032?
  • Which are the factors hampering the demand in the Keratin Market?
  • Which region will spearhead the growth in the global Keratin Market during 2022-2032?
  • Which are the factors driving sales in the Keratin Market during the forecast period?

The report will improve the revenue impact of businesses in various industries by:

  • Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the market
  • Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global market and offers solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers insights into promising synergies for top players aiming to retain their leadership position in the market.

How can Fact.MR Make Difference?

  • In-depth understanding of key industry trends shaping the present growth dynamics
  • Offers value chain analysis and price trend analysis of various offering of competitors
  • Offers data-drive decision to help companies decide strategies that need recalibration
  • Offers insights into areas in research and development that should attract
  • Identifies data outliers before your competitors

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