The market size for keratin is expected to reach $2,399

BEIJING, Sept. 1, 2022 (GLOBE NEWSWIRE) — The Global keratin market The size accounted for $1,389 million in 2021 and is estimated to reach a market size of $2,399 million by 2030, growing at a CAGR of 6.5% from 2022 to 2030.

Key highlights of the Keratin market report

• The global market value of keratin was US$1,389 million in 2021, growing at a CAGR of 6.5% from 2022 to 2030

• Asia-Pacific keratin market dominates with more than 44% market share in 2021

• Among the types, the beta keratin segment occupied more than 65% of the total market share

• Strict regulations in Europe and North America have prompted many skin and hair care manufacturers to switch from toxic to non-toxic keratin products

• The increasing use of keratin in wound care is driving the keratin industry

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Report Coverage:

The keratin market is driven by an increasing demand for cosmetics and personal care products such as hair care products, skin care cosmetics, as well as various medical and drug enhancement applications. Other important factors such as higher discretionary income, increasing desire for better personal care products and changing consumer preferences will fuel the growth of the keratin market. Furthermore, the increasing use of keratin products in wound treatment, drug development and cell culture would help curb the growth rate of the market. In addition, technological advances in the beauty salon business will expand the application range of shampoos and conditioners and provide significant market trend prospects for keratin. Also, high keratin treatment costs and strict government guidelines could slow down the growth rate of the market. Additionally, the market value of keratin continues to be questioned as price volatility continues to increase.

Keratin is a scleroprotein that is a fibrous structural protein. Keratin is a protein that gives strength and resilience to the cells that make up hair, skin and nails. A few keratins have also been shown to control essential cellular activities such as protein formation and cell proliferation. Keratin is impermeable to hot or cold water and proteolytic enzymes do not damage it. Keratin protein protects tissues from friction and minor trauma such as rubbing and scratching.

Global Keratin Market Dynamics

The increasing use of keratin in a variety of end-use industries, including personal care and cosmetics, healthcare and pharmaceuticals, food and beverages, is expected to create profitable growth prospects for participants in the global keratin market. The growing demand for keratin in the personal care and cosmetics industry is a key driver for the market expansion. Keratin is primarily used in skin care and hair care products to remove dead skin cells, reduce sebum levels, treat blemishes, and heal hair and skin damage caused by heat and other chemicals. It can be made from horns, hair, feathers, the outer surface layer of skin, wool, nails, and claws. Additionally, the benefits of keratin-based treatments are expected to propel the global keratin market over the next few years. Increasing urbanization, increasing demand for better personal care products, and increasing use of keratin products in medical wound care and regenerative medicine are driving the market expansion.

The rapidly growing use of keratin in hair care and skin care products is fueling the market growth

In recent years, the global cosmetics sector has witnessed an ongoing movement towards innovative chemicals with fewer side effects and greater efficacy. The use of keratin in cosmetic products has expanded the hair care and skin care market. The industry is benefiting from the growing demand for hair care products and people’s awareness of hair treatments. According to the European Trade Association for Cosmetics, the European cosmetics sector is worth approximately US$86 billion, with the UK, Italy, Germany and Spain among the region’s most important countries in the cosmetics and personal care market. Increasing R&D spending in the cosmetics business has contributed to the launch of new and more sophisticated beauty and personal care products.

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market segmentation

The global keratin market has been segmented by type, product and application by Acumen Research and Consulting. By type, the market is segmented into Beta Keratin and Alpha Keratin. By product, the market is segmented into hydrolyzed and other. Based on application, the market is categorized into Personal Care & Cosmetics, Healthcare & Pharmaceuticals, and Food & Beverage.

Regional outlook for the global keratin market

The global keratin market is segmented into five geographic regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. According to the Analysis of Keratin Industry, North America region is predicted to witness significant growth in the global market over the next few years. This is due to the increasing use of hair care products and skin care products. Changing consumer preferences, increasing spending power, and new applications in medicine and drug development are driving growth in the North American keratin market. Additionally, the burgeoning retail and e-commerce sectors in North America, as well as people’s greater knowledge of the importance of protecting their hair and skin from pollution and dirt, are driving the adoption of personal care products. This is one of the main reasons expected to increase demand for keratin in North America during the projected period.

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keratin market participants

Some of the leading companies in the keratin market are Active Concepts LLC, Unilever, Greentech, Keraplast Technologies, Making Cosmetics Inc., Rejuvenol, Akola Chemicals (I) Limited, Keratin Express, Parchem Fine & Specialty Chemicals, and Hefei TNJ Chemical Industry Co., GmbH .

Questions answered by this report

• – What was the size of the keratin market in 2021?
• What will be the CAGR of Keratin market during forecast period 2022 to 2030?
• Who are the major players in the Global Keratin Market?
• Which region held the largest share of the keratin market in 2021?
• What are the Key Market Drivers of Keratin Market?
• Who is the Largest End-User Keratin Market?
• What will the market value of keratin be in 2030?

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