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Lanolin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • ID: 5025827
  • Report
  • April 2021
  • Region: Global
  • 120 pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Croda International Plc
  • Lanotec
  • Merck KGaA
  • Nippon Fine Chemical
  • NK Chemicals
  • Suru Chemicals
  • MORE
The Lanolin Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The Lanolin market is negatively impacted by COVID-19. The cosmetics market has been negatively impacted due to the COVID-19 pandemic. According to L'oreal, the cosmetics market's global revenue has fallen by 8% in the year 2020 compared to 2019 reaching out a total of EUR 213 billion. This fall is majorly due to the restrictions imposed by the government and the lockdown. As cosmetics is a supply-led market and due to the lockdown most of the salons were closed impacting professional products to decline sharply. After the relaxation of the lockdown and most of the companies speeding up the manufacturing is an encouraging sign for the market.
  • Over the short term, the increasing demand for skin care cosmetics along with increasing usage for pharmaceutical purposes are driving the market growth.
  • Side effects and replacement of lanolin with other substitutes are expected to hinder the market growth.
  • Asia-Pacific dominated the lanolin market across the globe with the largest consumption in countries such as India, China, etc.
Key Market Trends

Growing Demand from Cosmetics and Personal Care Industry
  • Lanolin has been increasingly used as a complex mixture and self-emulsifying producing agent over time. Lanolin finds its applications in creams, moisturizers, lipstick, concealer eyeliner, makeup remover, shaving cream, hair removal cream, hair conditioner, and body wash.
  • Formulations made of lanolin mixtures are used as body creams and lotions to lock in moisture and prevent water loss and act as lubricants on the skin surface which gives the skin a smooth appearance.
  • Lanolin is also used in various hair products such as hair removal cream, hair conditioner, hair spray, and pet shampoos amongst others.
  • Lanolin has the unique property of absorbing twice its weight of water and has physical properties such as increasing adhesion to dry skin and forming protective films on the skin and lips.
  • According to L'oreal, in the year 2020, global cosmetics market was worth over EUR 213 billion, with skin care contributing about 42%. During 2020, skin care products had a positive growth on the market and was a leading contributor to the cosmetics market.
  • Hair textures vary from person to person, and so do the hair- and scalp-related issues. Some people might have damaged or dry hair, while others must deal with breakage and hair fall problems.
  • These properties of lanolin make it attractive for usage for consumers from colder as well as hotter regions which in turn is expected to drive the market for lanolin through the years to come.
Asia-Pacific Region to Dominate the Market
  • Asia-Pacific is expected to dominate the global market owing to the highly developed cosmetics sector in China, India, Japan, and Korea coupled with the continuous investments done in the region to advance the pharmaceutics sector through the years.
  • Asia-Pacific region accounts for over 43% of the global cosmetics market in the year 2020, the regional sales during 2020 in the Asia-Pacific stood around EUR 105 billion. Japan, China, Korea, and India are leading the cosmetics market in the Asia-Pacific region.
  • Moreover, the growing temperatures issues in the Asia-Pacific with most of the population getting affected with various skin diseases and increased the need for various medical attention in the country is increasing the demand for lanolin in various applications.
  • According to Cosmetics Design, Europe, the demand for premium skin and hair care products in Asia-Pacific is higher lately, compared to previous years. Products like cleansers, moisturizers, balms, shampoos, conditioners, and dyes have increased demand and witnessed decent growth in recent years.
  • Growing awareness for the healthcare and selfcare in the emerging markets such as India, Malasia, Indonasia will boost the lanolin market in the region.
  • Indian pharmaceutical sector is expected to grow to USD 100 billion by the year 2025. According to Centre for Monitoring Indian Economy about 240 tons of creams and lotions are produced in India and expected grow during the forecasted period. The growth in pharmaceuticas in India may boost the lanolin market in the region as it is used in the manufacturing of ointments, creams and lotions.
  • Growing skin issues and increasing demand for such applications requires advanced skin and hair care products to protect from the outside environment. Continuous differences in temperatures among the Asian population are expected to drive the market for lanolin through the years to come.
Competitive Landscape

The global lanolin market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Croda International Plc, The Lubrizol Corporation, Nippon Fine Chemical, Zhejiang Garden Biochemical High-Tech Co., Ltd, and NK Chemicals, amongst others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Croda International Plc
  • Lanotec
  • Merck KGaA
  • Nippon Fine Chemical
  • NK Chemicals
  • Suru Chemicals
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Applications in Skin Care Products
4.1.2 Growing Demand for Pharmaceuticals
4.2 Restraints
4.2.1 Side Effects and Replacement by Other Substitutes
4.2.2 Impact of COVID-19 on the Market
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Cosmetics and Personal care
5.1.2 Pharmaceuticals
5.1.3 Anti-corrosive Applications
5.1.4 Lubricants
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 France
5.2.3.4 Italy
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Croda International Plc
6.4.2 Lanotec
6.4.3 Lansinoh Laboratories, Inc.
6.4.4 The Lubrizol Corporation
6.4.5 Merck KGaA
6.4.6 Nippon Fine Chemical
6.4.7 NK Chemicals
6.4.8 Rolex Lanolin Products Limited
6.4.9 Suru Chemicals
6.4.10 Wellman Advanced Materials
6.4.11 Yixin Chemical Co.,Ltd
6.4.12 Zhejiang Garden Biochemical High-Tech Co.,Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand for Hair Care Products
7.2 Other Opportunities
Note: Product cover images may vary from those shown
  • Croda International Plc
  • Lanotec
  • Lansinoh Laboratories, Inc.
  • The Lubrizol Corporation
  • Merck KGaA
  • Nippon Fine Chemical
  • NK Chemicals
  • Rolex Lanolin Products Limited
  • Suru Chemicals
  • Wellman Advanced Materials
  • Yixin Chemical Co.,Ltd
  • Zhejiang Garden Biochemical High-Tech Co.,Ltd
Note: Product cover images may vary from those shown

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