Lanolin Market

Lanolin Market Size & Growth (2023-2028)

The Lanolin Market size was valued at US$ 223.0 million in 2022 and is estimated to grow to US$ XX million by the end of 2028, increasing at a CAGR of 6.1% during 2023-2028

The increasing demand for the personal care and cosmetics industry and the growing potential uses tend to act as significant benefits that drive the global lanolin market growth during the forecast period. Lanolin is a waxy substance produced naturally as a protective barrier for sheep’s wool. It is a widely used ingredient in moisturizers, hair products, and soaps, and it is widely aid as a skincare remedy for breastfeeding people. Lanolin is also termed an occlusive moisturizer that works by decreasing water loss from the skin. Lanolin is mixed with other types of moisturizers for commercial use after purification. These properties of Lanolin tend to boost market growth in the next six years.

Lanolin Market Drivers:

The growing consumption of high-quality Lanolin for producing cosmetics, personal care products, and pharmaceutical products is projected to fuel the global lanolin market growth in the upcoming years. For the past few years, Lanolin is utilized as a complex mixture and self-emulsifying agent and found its features in moisturizers, creams, lipstick, makeup remover, concealer, hair conditioner, and removal and body wash. In addition, Lanolin has the unique application of absorbing two times its weight of water. It can also escalate the adhesion to dry skin and form a protective layer on lips and skin. Some of these properties of Lanolin can uplift the global lanolin market revenue and growth.

Lanolin Market Restraints:

The side effects of using Lanolin and replacing Lanolin with other products are the primary factors that hamper the global lanolin market growth. The cosmetics industry has used Lanolin for a long time, but it irritates sensitive skin and can cause allergies. Consumers with sensitive skin can conquer skin burning, stinging, redness, unusual skin changes, including turning white, soft, and soggy, and some signs of skin infections. This acts as one of the most prominent factors that hinder the growth of the global lanolin market during 2022 - 2027.

Challenges in the Lanolin Market:

Lanolin is mainly responsible for wool allergies, and consumers who are allergic to wool should neglect using Lanolin. According to a study, Haz-Map declares Lanolin as a skin sensitizer as it may lead to an irritating reaction when applied to the skin. Furthermore, the oil present in Lanolin can poison lip products. So, people who tend to use lip balms and lipsticks should not swallow the massive amount of the product as it may lead to health issues. These are some of the challenges that hinder the global lanolin market growth in the foreseen period.

LANOLIN MARKET REPORT COVERAGE:

Lanolin Market Segmentation:

By Derivative:

• Lanolin Alcohol

• Isopropyl lanceolate

• Length

• Lanogene

• Cholesterin

• Lanolin fatty acid

• Lanosterols

• PEG-75

• Quaterinium 33

• Others

Among these segments, lanolin alcohol tends to have the maximum global lanolin market share due to the growing application potential in automotive, anti-corrosion products, metal cutting, bio-lubricants, and leather firms. In addition, Lanolin alcohol is termed a natural non-corrosive, water-repellent alternative in crude oil, which helps protect against acids, salts, and rust. These features of lanolin alcohol tend to maintain their dominant power in the global lanolin market. 

By Application:

• Baby care products

• Personal care & cosmetics

• Industrial

• Pharmaceuticals

• Others

The personal care and cosmetics segment held the most significant global lanolin market share and is projected to sustain its dominancy in the near future. Lanolin is broadly used in the production of soaps, shampoos, and skincare products. Lanolin possesses moisturizing properties for dry skin, and it holds water on the skin, which results in smooth skin. The demand for Lanolin is increasing daily in the pharmaceutical industry which results in the fastest growth. In addition, Lanolin helps in reducing itching and scaling. Therefore it is primarily used in the personal care and cosmetics industry and drives the segment to hold the highest global lanolin market growth.

Lanolin Market Regional Analysis: 

Lanolin Market Report includes the segmentation of Regions:

•  North America 

•  Europe 

•  Asia Pacific 

•  Latin America 

•  Middle East & Africa 

The Asia Pacific predominantly held the largest global lanolin market share and is estimated to sustain its trend in the upcoming years due to the increasing demand for Lanolin by many end-users, mainly in China and India. Lanolin possesses moisturizing properties for dry skin, and it holds water on the skin, which results in smooth skin. Therefore, the demand for Lanolin is increasing daily by most of the end-users in APAC. North America tends to grow with the highest CAGR due to the increasing number of consumers using cosmetics and many personal care products. Furthermore, Europe, the Middle East, and Africa have a significant global lanolin market share during 2022 - 2027.

Impact of COVID-19 on Lanolin Market:

The global lanolin market has witnessed a significant loss during the COVID-19 pandemic. The government has imposed lockdowns across the globe due to the COVID-19 crisis, which has led many industries to shut down. The purchasing factors of consumers became significantly less during the pandemic and led the cosmetic and personal care industry to experience a slowdown in growth. Most end-users, namely personal care, cosmetics, pharmaceutical, and others, use Lanolin for their products. Since the industries witnessed a significant loss, this slows down the lanolin market in the near future.

Recent Developments in the Lanolin Market:

Croda International Plc introduced a new product named Pharmalan USP, a purified grade of anhydrous Lanolin manufactured to GMP standards, useful for topical pharmaceuticals and baby care. Although it can be utilized neat on the skin, usage levels of 1-10% are recommended.

Nanotech introduced lanolin wax, a solid remnant of the lanolin crystallization process, and it is a pure form of Lanolin extracted from wool. It can be used in products for hair, makeup, and skin.

NK Chemicals announced a new product Lanolin Cera, which acts as an emulsifier, emollient, film former, condition, and foaming agent. Ester and polyesters of 70 alcohols and fatty acids combined to form Lanolin Cera. It is used in hairdressing, lipsticks, conditioners, deodorants, lotions, and daycare creams.

Lanolin Market Key Players:

The companies covered in the report include:

1. Croda International Plc

2. Lanotec

3. Lansinoh Laboratories, Inc.

4. The Lubrizol Corporation

5. Merck KGaA

6. NK Chemicals