Lanolin Market Analysis

Lanolin Market Analysis

Lanolin market size from personal care & cosmetics applications is anticipated to reach 35 kilo tons by 2024. It is a multifunctional ingredients which acts as a natural stabilizer and emulsifiers in ointments and all skin care formulations. It also has wide applications in hair care preparations as a conditioner against drying, brittle and scaling of the hairs along with this wool grease acts as a plasticizer in hair sprays. Recent hair dressing trends which includes hair coloring, styling and other grooming treatments has led to rise in hair & scalp issues which has promoted use lanolin in improving hair & scalp condition, thus escalating industry growth.
 

Lanolin market size from baby care application may observe gains at over 5% at the end 2024. It helps in treating nappy and dribble rash by acting as a barrier for treating and soothing skin. Wool grease acts as a safe, natural, effective relief for the breast feeding moms in soothing cracked and sore nipples. Changes in lifestyle and rising living standards supported by government initiative to promote baby and mother care programs will promote baby care products demand, thus stimulating lanolin industry growth.
 

Europe led by France, UK, Germany market size will surpass USD 110 million by 2024. Growth in cosmetic & personal care manufacturing mainly in France and Germany owing to increasing exports will drive regional industry growth. Presence of major cosmetic manufacturers  mainly in UK, France and Germany focusing on natural & organic ingredients supported by high investments in new products launch along with emerging new entrants in this market may act as another contributing factor towards regional market growth.

Asia Pacific driven by India, Japan, South Korea and China lanolin market size should witness strong gains at up to 6% by 2024 owing to high wool production in this region. Asia Pacific accounts for 40% of the total wool production in the world which may favor industry growth. Easy availability of financial assistance from government subsidies and schemes will flourish animal husbandry industry mainly in India and China which will boost wool fat production, thus driving industry growth.