Panthenol Market is Projected to Register a 5% CAGR Through 2029 | Fact.MR Report

Global market for panthenol is approximated to stand at US$ 220 million in the year 2019. Diversely swelling demand for 'value-added' cosmetic ingredients clearly seen over recent times, stands to continue remaining the major reason fueling the consumption of pantheol.

Strongly propelled by continued growth of the cosmetics and personal care sector, growth in the market for panthenol is forecasted to register the rate of ~5% CAGR from 2019-2029.

East Asia had 30% revenue share in 2018, and still holds leadership in the global market. East Asia is also likely to witness high growth opportunities, in the opinion of enhanced purchasing power and growing customer base of premium products.

New trends in the cosmetic market, like 'medicinally' active and 'cosmetically' functional products, are likely to lay a strong foundation for panthenol market growth

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Key Takeaways from Market Study:

The panthenol market was valued at approximately US$ 220 million in 2019.
The market is projected to grow at a CAGR of around 5% from 2019 to 2029.
East Asia held a 30% revenue share in 2018.
Personal care is the dominant application segment.
FDA approval supports panthenol's growth in clean-label products.
Panthenol demand is rising in dietary supplements and fortified foods.
New uses are emerging in tattoo aftercare and male grooming.
E-commerce is significantly boosting panthenol product sales.
Cost-effective substitutes like sorbitol and propylene glycol pose challenges.
Regulatory issues in China have led to higher panthenol prices.
BASF SE, Royal DSM, Yifan Pharmaceuticals, and Xinfa Pharmaceutical hold 50-60% market share.
Xinfa Pharmaceutical added a 3,000 tons/year production facility in 2018.
Key players are investing in R&D for diversified applications.

Leading Players Driving Innovation in the Panthenol Market:

BASF SE, DSM Nutritional Products AG, Evonik Industries AG, Merck KGaA, Ashland Global Holdings Inc., Clariant AG, Lonza Group Ltd., The Dow Chemical Company, Hoffmann-La Roche Ltd., Zhejiang NHU Co., Ltd.

Panthenol Market News:

Despite the application range of panthenol still rising at a considerable level, substitute threats dominate the marketplace. Cosmetic manufacturers still use panthenol substitutes like propylene glycol and sorbitol due to their relatively low cost that assist in lowering the general cost of final products.

A number of strict laws have been enacted in nations such as China on the manufacturing of panthenol, in the context of challenges in waste water management, pushing panthenol price to all-time highs in recent years. This has only served to contribute to the hesitation on the part of end-use sectors in integrating panthenol into products.

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Key Drivers Influencing the Panthenol Market:

Application of panthenol has been largely limited to personal care sector as an active ingredient for advanced cosmetic products, especially for skincare and hair care.
As a result of increased inclination of contemporary consumers towards personal care, the sales of personal care products and cosmetics have remained steadily on an ascending curve, hence driving the demand for panthenol.
In tune with the growing clean-label movement, the FDA-accepted panthenol will keep on seeing robust demand from end-use segments such as cosmetic & personal care, and food & beverages.

Panthenol is gaining momentum as a feasible ingredient in a variety of food & beverages due to its rich nutritional content. Increasing demand for dietary supplements and fortified foods is balancing on the same platform with the increasing uptake of panthenol among F&B applications.
Considering the growing awareness regarding the health benefits of panthenol-based products and enhanced expenditure on premium food and personal care products, it is very much possible that the panthenol market will continue to have a progressive outlook in developing nations.
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The panthenol market is segmented based on application, region, and type. By application, the market includes personal care, hair care, skin care, nail care, oral care, eye care, baby care, pharmaceutical & dietary supplements, animal feed, and food & beverage. Regionally, the market is divided into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and the Middle East & Africa. By type, the market is categorized into D-Panthenol and DL-Panthenol.

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