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Pulished Date August, 2021
ID: 12092
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Allantoin Market Segmentation By Source (Natural and Synthetic); By Application (Healing medicine, Moisturization and Others); By Industrial Vertical (Cosmetics, Pharmaceuticals, Personal care, and Others); and Region - Industry Forecast of 2021 to 2026

Pulished: August, 2021
ID: 12092
Pages: 180

Global Allantoin Market Value & Growth Rate:

The Global Allantoin Market size was valued at US$ 449.5 million in 2021 is anticipated to reach US$ 796.3 million by the end of 2026, increasing at a CAGR of 6.5% during 2021 and 2026. 

Global Allantoin Market Scenario:

The growing demand for hair care and skin is the primary factor responsible for the global allantoin market growth. Allantoin is in the form of a white powder. It has been produced by the oxidation of uric acid and the maximum excretory product of purine degradation in most vertebrates. Allantoin is a nitrogenous compound with the chemical formula C4H6N4O3. Moreover, it is found in the body of various mammals and extracts of the comfrey plant. In addition, it is not present in the body of primates and humans. These are some of the characteristics that fuel the global allantoin market growth during the forecast period.

Moreover, growing awareness regarding personal care combined with rising demand for toothpaste, mouth fresheners, and teeth whiteners are essential factors in increasing the global allantoin market growth. As a result, the need for Allantoin has been growing daily. As a result, the global allantoin market experiences significant change during 2021-2026.

Global Allantoin Market Drivers:

According to the Cosmetic Toiletry and Fragrance Association, the demand for Allantoin, used for creams and ointments, further boosts the global allantoin market growth. Moreover, Allantoin is used for treating skin diseases that include diaper rashes, sunburned skin, and chapped skin & lips. Not only these, but Allantoin is also utilized for speeding up the healing cuts, bruises, and burns on the body. Furthermore, it is widely used in shampoos to treat seborrhea, psoriasis, and dandruff. Therefore, the rising demand for Allantoin for health products drives the global allantoin market revenue. In addition, Allantoin is also used in several types of skin care products such as hand & body lotions, face creams, sunscreen, and facial treatment products. Thus, further, increase the global allantoin market growth.

Apart from this, the increasing disposable income of consumers, especially in emerging economies including India, China, and Brazil, and changing lifestyle of the population across the globe are also fueling the global allantoin market growth in the upcoming years. In fact, Allantoin possesses some significant properties, including a keratolytic and moisturizing effect on the human skin. It majorly helps in removing dead skin cells and also increases the water level in the skin. Personal care products include toothpaste, mouth wash, and many others use Allantoin, thus further uplift the growth of the global allantoin market. Allantoin is indulged in the amniotic acid, fetal urine, and allantoic fluid. It is primarily utilized in medicines to promote tissue growth and used in cosmetics personal and skincare products. Allantoin is remarked as safe, compatible with cosmetic raw materials, and non-toxic. These are some of the characteristics that fuel the global allantoin market growth during the forecast period. In addition, growing awareness regarding personal care combined with rising demand for toothpaste, mouth fresheners, and teeth whiteners are the primary factors in increasing the global allantoin market growth. In the next six years, the need for Allantoin is yet to increase due to many end-users increasing demand for Allantoin. 

Global Allantoin Market Restraints:

The usage of Allantoin in many personal care products may cause damage to the liver, which acts as the primary factor that slows down the global allantoin market growth. On the other hand, strict rules and regulations by the government on the ban of comfrey extracts as the product further hinders the global allantoin market growth. The market is majorly affected by the prohibition of comfrey extracts as the product since it is being extracted from the comfrey plants. In addition, many emerging economies include Europe, Australia, and the U.S., have strict regulations on these comfrey products, which may witness the downfall in the overall growth of the global allantoin market in the next six years. Basically, Allantoin is proved as non-toxic and can be safe for skin, but still, people with sensitive skin may experience stinging, irritation, redness, and burning.

Moreover, Allantoin is a gentle anti-ager in skincare and is suitable for most skin types with different ranges of skin. Still, some of the population across the globe may be allergic to the ingredient which is utilized directly from the crushed comfrey leaves, which further hampers the global allantoin market growth. Allantoin is called 5-ureidohydantoin and is a crystalline oxidation product used for healing wounds and infections in the body. It is broadly used in mouth fresheners, toothpaste, and many other skincare products. However, although it is commonly used in many skincare products and pharmaceutical products, people who are allergic to the comfrey leaves, which is used as a product in the skincare, may cause irritation, redness, and burning sensation, that further delays the global allantoin market growth during the foreseen period.

Recent Developments in the Allantoin Market:

Ashland Inc. introduced Allantoin USP, a white colorless crystalline powder and well known as a protectant in the skin and oral mucosa. It is majorly used in mouth wash, denture adhesives, and toothpaste. It further promotes a healthy environment and protects mucous membranes.

Arkema Fine Chemicals launched its new product, Allantoin, a well-recognized skin protectant agent with keratolytic, soothing, moisturizing, and healing properties. It also enhances the performance of personal care formulations at low levels and gives a smooth and healthy appearance to intact skin.

Allantoin Market Segmentation:

By Source:

  • Natural
  • Synthetic

Depending on the source, the natural segment plays the dominant role in holding the most prominent global allantoin market share. Allantoin is a compound found naturally in various organisms such as animals, plants, and microbes. This natural Allantoin increases skin smoothness, treats wound healings and also promotes cell proliferation and longevity. Owing to the factors, many end-users were concentrating on natural Allantoin, which further drives the global allantoin market growth.

By Application:

  • Healing medicine
  • Moisturization
  • Others 

Based on application, Moisturization application acts as a crucial factor in increasing the growth of the global allantoin market. Most of the population across the globe have changed their lifestyle and were more concentrated in skincare. Thus, led the Moisturization application to hold the largest global allantoin market share. Moreover, healing medicine tends to grow with the highest CAGR during the forecast period.

By Industrial Vertical:

  • Cosmetics
  • Pharmaceuticals
  • Personal care
  • Others

The pharmaceutical sector tends to be dominant in the global allantoin market due to the increasing demand for Allantoin for wound healing due to its cell proliferation properties in various lotions and creams. In addition, it is also used in the treatment of various skin diseases, including psoriasis and eczema. Therefore, it further led the pharmaceutical sector to hold the most extensive global allantoin market share and sustain its dominancy in the near future.

Global Allantoin Market Regional Analysis: 

The Global Allantoin Market Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 
  1. The Asia Pacific region dominates the global allantoin market owing to the rapid increase of the cosmetic sector. In addition, the increasing demand for consumer disposable income and changing lifestyle of the consumers, mainly in India and China, led the APAC region to hold the largest market revenue.

  2. North America is anticipated to grow with the highest CAGR during 2021-2026 due to the increasing number of pharmaceutical manufacturers in the U.S.

  3. Furthermore, Germany is the crucial producer and consumer for cosmetic and pharma products, which fuels the global allantoin market growth in the Europe region.

  4. Middle East & Africa is anticipated to have significant growth in the global allantoin market owing to the increasing demand for Allantoin in Brazil.

Impact of COVID-19 on Global Allantoin Market:

The COVID-19 pandemic has affected the global allantoin market. The market's slowdown is due to the reducing disposable income of consumers across the world due to the crisis. This further hampers the demand for personal skin care products and cosmetics and negatively affected the global allantoin market. In addition, the decrease in the workforce and transport due to the imposing of lockdown by the government in several regions is also the primary factor that resulted in the significant drop in the global allantoin market.

Allantoin Market Key Players:

The companies covered in the report include:

  1. Ashland Inc. 

  2. Arkema Fine Chemicals

  3. Allan Chemical Corp

  4. Huanghua Suntime

  5. EMD Performance Materials

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Allantoin Market , By Source                               

                                6.1.1 Natural     

                                6.1.2 Synthetic 

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Allantoin Market , By Application                      

                                6.2.1 Healing medicine 

                                6.2.2 Moisturization       

                                6.2.3 Others      

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis              

                                6.2.6 Market Attractiveness Index           

                6.3 Allantoin Market , By Industrial Vertical                         

                                6.3.1 Cosmetics

                                6.3.2 Pharmaceuticals   

                                6.3.3 Personal care         

                                6.3.4 Others      

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis              

                                6.3.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Source

                                7.2.3 By Application       

                                7.2.4 By Industrial Vertical           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Source

                                7.3.3 By Application       

                                7.3.4 By Industrial Vertical           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Source

                                7.4.3 By Application       

                                7.4.4 By Industrial Vertical           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Source

                                7.5.3 By Application       

                                7.5.4 By Industrial Vertical           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Source

                                7.6.3 By Application       

                                7.6.4 By Industrial Vertical           

8. Key Player Analysis                                    

                8.1 Ashland Inc.                               

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Arkema Fine Chemicals                         

                8.3 Allan Chemical Corp                

                8.4 Huanghua Suntime                 

                8.5 EMD Performance Materials               

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Allantoin Market By Region, From 2021-2026 ( USD Billion )

  2. Global Allantoin Market By Source, From 2021-2026 ( USD Billion )

  3. Global Natural Market By Region, From 2021-2026 ( USD Billion )

  4. Global Synthetic Market By Region, From 2021-2026 ( USD Billion )

  5. Global Allantoin Market By Application, From 2021-2026 ( USD Billion )

  6. Global Healing medicine Market By Region, From 2021-2026 ( USD Billion )

  7. Global Moisturization Market By Region, From 2021-2026 ( USD Billion )

  8. Global Others Market By Region, From 2021-2026 ( USD Billion )

  9. Global Allantoin Market By Industrial Vertical , From 2021-2026 ( USD Billion )

  10. Global Cosmetics Market By Region, From 2021-2026 ( USD Billion )

  11. Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )

  12. Global Personal care Market By Region, From 2021-2026 ( USD Billion )

  13. Global Others Market By Region, From 2021-2026 ( USD Billion )

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