Press release
Global Allantoin Market Trends by Key Players: Ashland Inc., Clariant, Rita Corporation, Akema Fine Chemicals, Huanghua Suntime Chemical Industry Co., Ltd., Luotian Guanghui Chemical Co. Ltd., Allan Chemical Corporation, EMD Performance Materials Corporat
Allantoin Market
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Application potential in personal care products such as creams, lotions, shampoos, and shaving preparation owing to moisturizing and call proliferating characteristics may drive allantoin market. Growing consumer health consciousness towards personal care and hygiene products due to changing consumer living standards along with increase in personal care expenditure may favor industry growth.
The global allatoin market size is negatively influenced by ban executed on comfrey extracts, as the product is extracted from comfrey plants. The U.S., Europe and Australia has strict regulatory bans on these products, which may hamper the overall industry growth over the estimated timeframe. In 2001, the U.S. FDA for imposed strict ban on these products for internal use. Additionally, limited consumer awareness about the product in the Middle East & Africa and Latin America shall obstruct industry growth. However, booming product demand across cosmetic formulations due to its value-added properties will open up industry growth prospects.
The overall allantoin market share for pharmaceutical shall witness maximum growth more than 6% by 2023. Increasing consumer spending towards medical care due to growing awareness shall positively impact on the business growth over the coming years. Oral hygiene will witness gains at over 6% CAGR and generate revenue at over USD 170 million by 2023. Rapidly growing oral care industry globally will consequently boost the industry size by 2023.
North America allantoin Market is anticipated to reach USD 195 million by 2023. Rise in consumer spending on personal care products along with increasing demand for pharmaceutical and nutraceutical products is likely to favor regional industry growth. Availability of various cosmetic manufacturers engaged in product differentiation may act as another contributing factor towards regional growth.
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Partial Chapter of the Table of Content
Chapter 4 Allantoin Application Insights
4.1 Global allantoin market volume share by application, 2015 & 2023
4.2 Cosmetics
4.2.1 Market estimates and forecast, 2012 – 2023, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast by region, 2012-2023, (Kilo Tons) (USD Million)
4.3 Pharmaceuticals
4.3.1 Market estimates and forecast, 2012 – 2023, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2012-2023, (Kilo Tons) (USD Million)
4.4 Oral Hygiene
4.4.1 Market estimates and forecast, 2012 – 2023, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast by region, 2012-2023, (Kilo Tons) (USD Million)
4.5 Others
4.5.1 Market estimates and forecast, 2012 – 2023, (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast by region, 2012-2023, (Kilo Tons) (USD Million)
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Asia Pacific driven by India, Japan and China Allantoin market may witness gains at over 6% by 2023. Rising per capita disposable income along with growing geriatric population has led to increasing consumer spending on cosmetics & pharmaceutical products may have positive influence on product demand in this region. Increasing awareness regarding allantoin benefits in various applications may boost product demand.
Allantoin market from oral hygiene products may grow up to 6% at the end of 2023. Rising demand for allantoin in oral care products such as ulcer treating gels, creams due to superior healing property and cell proliferation may fuel product demand thereby promoting industry growth.
Key companies in the global allantoin market share are EMD Performance Materials, Lubon Industry, Clariant, Ashland, Rita Corp and Huanghua Suntime.
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