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Market Overview:
The Allantoin Market size is estimated to reach $1.08 billion by 2030, growing at a CAGR of 6.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Allantoin Market – By Type (Natural, Synthetic), By Sales Channel (B2B, B2C), By Application (Moisturizers and Lotions, Anti-Aging Formulations, Wound Healing Ointments, Dermatological Medications and Others), By End User (Cosmetics, Oral Hygiene, Pharmaceutical), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Enhanced focus on anti-aging skincare solutions and Rising popularity of clean and sustainable beauty products are fueling the growth of the Allantoin industry during the forecast period.
Asia Pacific Dominated the Market in 2023:
Asia Pacific accounted for the largest share of 45% of the Allantoin Market in 2023. Growing demand for skincare and personal care products drive the Allantoin market in Asia Pacific. Increased consumer awareness regarding skin health and the rising popularity of natural and organic formulations contribute to the market's expansion. Additionally, advancements in formulation technologies are enhancing the efficacy of Allantoin in various applications, thereby boosting its adoption across cosmetics and pharmaceuticals. This trend is further supported by an expanding e-commerce sector facilitating product accessibility.
Allantoin Market: Key Takeaways
Expansion of the Personal Care Industry Globally:
The expansion of the personal care industry is a significant driver for the allantoin market globally. As consumer awareness regarding skincare and wellness increases, the demand for effective and gentle ingredients like allantoin is rising. This compound is favored for its soothing properties, making it ideal for sensitive skin formulations. Additionally, the growing trend towards natural and organic products enhances allantoin's appeal, as it aligns with consumer preferences for clean label products. Moreover, the expanding e-commerce channels are facilitating wider distribution, allowing brands to reach a broader audience and cater to diverse consumer needs in the personal care sector.
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Growing Trend Towards Herbal and Botanical Ingredients in Cosmetics:
The increasing consumer preference for natural and sustainable products significantly drives the trend toward herbal and botanical ingredients in the cosmetics industry, impacting the Allantoin market. As consumers become more aware of the potential side effects of synthetic chemicals, they seek safer alternatives that promote skin health. This shift encourages manufacturers to incorporate Allantoin, derived from natural sources, into their formulations due to its soothing and healing properties. Furthermore, the rising popularity of clean beauty standards compels brands to emphasize transparency in ingredient sourcing, thus enhancing product appeal and aligning with the values of environmentally conscious consumers.
Scope of the Report:
Allantoin Market: Competitive Landscape
Key companies profiled in the Allantoin Market are Akema Srl, Clariant AG, Merck Group, Allan Chemical Corporation, EMD Performance Materials Corporation, Hubei Shunhui Bio-Technology Co., Ltd., Biosynth Carbosynth, Sunwell Chemicals Co.,Ltd., WeylChem, Ashland Global Holdings Inc. and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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Mr. Venkat Reddy
IndustryARC
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