Worldwide Lanolin Market Scope and Trends Analysis by 2024

Rising demand in personal care & cosmetics sector is expected to drive industry growth over the next eight years. The best-known uses of refined wool wax products, primarily, lanolin and its derivatives are in the field of cosmetics, medicine and toiletries.

The Global Lanolin Market is expected to reach USD 227.7 million by 2024, according to a new report by Grand View Research, Inc.

Rising disposable consumer income and growing working women’s population is expected to be a major driver for this industry. Increasing awareness regarding feminine hygiene and health has also promoted the adoption of natural products and cosmetics.

Personal care & cosmetics emerged as the leading application segment and accounted for over 45% of total market volume in 2015. Cosmetics industry growth across the globe has resulted in an increasing demand for lanolin owing to its ability to act as an emollient. The product mostly finds use in skin creams, shampoos, soap, hair dressing and lip gloss, and offers superior moisturizing properties for dry skin.

Lanolin refining process can be complicated & difficult leading to increased costs. However, a major issue surrounding industry is the toxic makeup of the substance, which has led to end-users opting for other alternatives.

To Know More About Lanolin Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/lanolin-market

Lactic acid is among the finest bio-based substitutes available along with coconut oil. It is widely used in skin care creams and lotions to make the skin firmer and thicker. Coconut oil is gradually gaining importance as a potential alternative due to its antioxidant properties.

Top Players of Lanolin Market:

Key companies operating in the industry include Lubrizol Corporation, Nippon Fine Chemical, NK Ingredients Pte Ltd., Barentz Group, Jiangsu Winpool Industrial Co., Ltd., Lanotec and Lansinoh

Market Segmentation of Lanolin Market:

The Global Lanolin Market Segmented on the basis Application and Region.

By Application:

    Personal Care & Cosmetics
    Baby Care Products
    Pharmaceuticals
    Industrial

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Lanolin Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2599

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