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Panthenol Market to Witness an Outstanding Growth by 2027

08-28-2018 08:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Factmr

Panthenol Market to Witness an Outstanding Growth by 2027

Panthenol is one of the indispensable ingredients in the personal care products due to its anti-inflammatory, moisturizing, as well as wound healing properties. Pharmaceutical companies and agricultural feed industries utilize panthenol as a nutritional supplement, whereas food industry utilizes panthenol for food fortification. Increased awareness of health consciousness, rising demand for nutritional supplements and inclination for personal care, are important consumer trends influencing the growth of the panthenol market. With the application in multiple industries, the market for panthenol is projected to grow steadily in the review period.

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Personal care product industry is considered one of the important influencer that is contributing to the growth of consumer goods market. The industry is chiefly driven by altering consumer preferences and strengthening of R&D in the cosmetics and pharma sectors. Panthenol is an alcohol derivative of pantothenic acid (Vitamin B5). Its dextro-derivative called dexpanthenol or D-panthenol is a biologically active form which is largely used in almost every personal care product including skin care, hair care, nail care, and oral care among others products. As personal care ingredients market is projected to reach US$ 11.776 million by the end of 2023, demand for panthenol, an important ingredient, in personal care product industry is set to rise during the forecast period.

Fortification of food includes the addition of micronutrients and minerals to food products with the aim to alleviate micronutrient deficiency in the specific population. The increased awareness of general health and wellness and government support has led to significant rise in production and consumption of fortified foods. As dexpanthenol or D-panthenol rapidly oxidizes to pantothenic acid after entering the organism, it is one of the important ingredient included in the fortified food formula to deliver pantothenic acid or vitamin B5. Manufacturers usually provide a liquid form of D-panthenol as a source of pro-vitamin B5 for the processed food to be fortified.

Panthenol has been extensively studied for its cosmetic use. As modern cosmetology is driven by formulas with proven therapeutic efficacy, panthenol is highly consumed in the cosmetics sector. D-panthenol has been observed to increase healing of a wound, stimulate epithelization, and deliver anti-inflammatory properties. Because of these properties, D-panthenol is highly used as therapeutic supportive medicines for the treatment of inflammation of the throat or the oral cavity.

Further, dexpanthenol, in combination with other vitamins is used in parenteral applications for the treatment of prophylaxis, vitamin deficiency, vitamin-consuming disease, and vitamin absorption disorders in the gastrointestinal tract. Dexpanthenol is also added in combination in hair tonic to improve scalp health as well as in anti-ageing cream. As an important ingredient of a wide range of cosmetics and therapeutic products, panthenol is highly manufactured and distributed through pharma sector, representing a huge market for panthenol.

D-panthenol is recognized as safe for the utilization as dietary supplement or nutrient in animal drugs, feeds and other related products. Provided by pharmacies, D-panthenol is added in animal feed to accelerate the growth of poultry and cattle. Further, rising awareness among pet owners regarding the health benefits of vitamins and minerals has led to the trend where consumers are seeking a diverse list of micronutrients and functional ingredients in pet food. On account of which, most of the pet food manufacturers utilize premixes of micronutrients to produce balanced and complete pet foods.

According to the International Feed Industry Federation (IFIF), animal feed plays an essential role in the global food industry, generating the annual turnover of approximately US$ 400 billion by global commercial feed manufacturing sector. Future growth of the animal feed industry is likely to translate in the generation of lucrative opportunities for panthenol market.

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All the leading personal care and cosmetic titans such as Jack Black, Aesop, and Bioline are launching new products with panthenol as an important ingredient in these products. Some of the key companies in the panthenol market include BASF, Pfizer Inc., Bayer Healthcare Pharmaceutical, GlaxoSmithKline Plc, Merck & Company Inc., Tri-K Industries, RITA Corporation, Jeen International, and Xinfu Pharmaceutical among others.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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