Lanolin Market Analysis | 2022-2028

Market Insights

The lanolin market was estimated at USD 232.47 million in 2021 and is likely to grow at a CAGR of 8.6% during 2022-2028 to reach USD 417.77 million in 2028.

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Market Dynamics

Introduction

Lanolin, also known as wool wax or wool grease, is a natural waxy substance derived from sheep's wool. It is made up of fatty acids and esters that closely resemble human skin lipids, making it an excellent moisturizer. Lanolin is commonly used in skincare products due to its ability to retain moisture, soothe dry or cracked skin, and protect against environmental damage. It is also used in healing ointments, nipple creams, and a variety of pharmaceutical products. Despite its benefits, some people may become sensitive to lanolin, especially if they do not use highly purified medical-grade forms.

Market Drivers

Some of the major factors fuelling the lanolin market growth

• Increasing application potential in industrial usage
• The emerging widespread trend of health and wellness global
• The growing demand for natural and organic ingredients in personal care products.

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Key Players

The following are the key players in the lanolin market:

• Croda International
• Lanotec
• Nippon Fine Chemicals Co., Ltd.
• NK Chemicals Pvt. Ltd.
• Rolex Lanolin Products Ltd.
• Sancai Lanolin
• Suru Chemicals & Pharmaceuticals Pvt. Ltd.
• Tallow Products Pty Ltd.
• The Lubrizol Corporation
• WellMan Advance Materials.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Application Type

"Personal care & cosmetics segment accounted for more than 45% share in 2021"

The market is segmented as personal care & cosmetics, baby care, pharmaceutical, and industrial. The personal care & cosmetics segment accounted for more than 45% share in 2021. It is a multifunctional ingredient and has wide application in skin & hair care products, fuelling the segment’s growth of the lanolin market over the forecast period.

Regional Analysis

"Europe is estimated to account for the major share of the market during the forecast period"

Europe is estimated to account for the major share of the market during the forecast period. The growth of the European market can be attributed to the growing personal care & cosmetic sector in the region. France, the UK, and Germany are the growth engines of the regional market with the presence of major cosmetic manufacturers.

On the other hand, Asia-Pacific is estimated to witness significant growth during the forecast period with India, China, and Japan, being the major countries with high wool production in the region. North America is also expected to offer substantial growth opportunities over the forecast period.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s lanolin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The lanolin market is segmented into the following categories. 

By Application Type

• Personal Care & Cosmetics 
• Baby Care
• Pharmaceutical
• Industrial

By Downstream Potential Derivatives Type

• Lanolin Alcohol 
• Ethoxylated Lanolin 
• Acetylated Lanolin 
• Lanolin Acid 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by downstream potential derivative type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.