Lanolin Market Trend & Forecast | 2022-28

Market Insights

The lanolin market is estimated to grow from USD 232.47 million in 2021 to USD 417.77 million by 2028 at a healthy CAGR of 8.6% during the forecast period.

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What is Lanolin?

Lanolin, also known as wool wax, wool grease, or wool yolk, is basically a wax that is obtained by the sebaceous glands of wool-bearing animals.

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

Some of the key players in the market are-

• 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.

Segment Analysis

By Application Type

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 over the forecast period.

By Region

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 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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Segmentation

This report studies the market covering a period of 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)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

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

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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.