Allantoin Market Size, Share & Trend Analysis Report By Application (Cosmetic, Pharmaceutical, Oral Hygiene), Value Chain Analysis, Market Dynamics, And Segment Forecasts, 2012 - 2022

Industry Insights

The global allantoin market size was estimated at USD 448.4 million in 2016, growing at a CAGR of 6.1% over the forecast period. Rising product demand for the manufacturing of various personal care products including conditioners, shampoos, mouthwash, and toothpaste, is expected to propel growth over the forecast period.

Allantoin has beneficial properties such as a keratolytic and moisturizing effect on human skin, it helps in eliminating the dead skin cells, and increasing the water content in skin. These superior properties are anticipated to drive the demand for product in cosmetics industry over the forecast period.

Increasing drug and medicine developments worldwide for rising diseases including Ebola and H1N1 will positively influence the pharmaceutical industry, which will subsequently drive the global allantoin market demand over the forecast timeframe. The product finds application as an elementary ingredient in skin treatment creams for diseases including psoriasis, keratosis and xerosis.

The U.S. allantoin market is expected to ascend at CAGR of 5.9% over the forecast period on account of the presence of numerous pharmaceutical companies in the region. Furthermore, the presence of major cosmetic manufacturing companies in the U.S. including Procter & Gamble, L'Oreal, and Unilever is expected to have a positive impact on the industry growth. However, the ban imposed on comfrey extracts which carry allantoin as a substantial constituent might hamper the industry price trends in U.S., Europe, and Australia. For instance, U.S. FDA banned internal use of comfrey extract products due to its pyrrolizidine alkaloid content. Moreover, limited consumer awareness in regions including the Middle East & Africa and Latin America, towards the product benefits may further hinder the market demand.

Allantoin manufacturers are primarily focusing on optimizing their production technologies in order to improve their process yield. Major players in the industry such as Ashland Inc. and Clariant are also investing in increasing their production capacities in order to cater to the rising product demand.

Growing use of allantoin in cosmetic and pharmaceutical applications has compelled major players to increase their glyoxylic acid production capacities across the globe, which is a key raw material for manufacturing the chemical. In 2015, Hubei Rui SR Technology Co. Ltd., a key player in glyoxylic acid production expanded its production capacity to 5000 tons per annum

Application insights

Allantoin is a widely used ingredient in several topical creams and lotions for wound healing on account of its cell proliferation properties. It is used in the treatment of several skin diseases such as psoriasis and eczema. The rising demand for preventive healthcare has thus led the pharmaceutical application segment to account for over 31% industry share in 2016.

The demand for the chemical in the cosmetic industry is expected to ascend at an estimated CAGR of 6.2% over the forecast period. The high growth rate of the segment is attributed to the increasing demand for the product in manufacturing cosmetic products owing to its superior properties such as desquamation of dead skill cells and increasing the moisture content of skin.

The global allantoin market size for oral hygiene is anticipated to witness significant growth owing to the booming oral care business worldwide. Allantoin serves as an active ingredient in oral hygiene products, protecting the mucous membrane present in the mouth from heat blisters and periodontosis.

Regional insights

The Asia Pacific dominated the industry in terms of revenue in 2016, accounting for 31.9% of the market share. The rapid growth of cosmetics industry in the region on account of rising consumer disposable income and changing lifestyle is expected to have a positive impact on the industry growth. Furthermore, the regional pharmaceutical sector will witness substantial demand owing to the pharmaceutical manufacturers shifting focus towards establishing their production facilities in India and China, which will strengthen the allantoin market size across the region. Middle East & Africa and Latin America might observe prominent gains over the forecast period owing to the increasing consumer spending on personal care products such as skin care creams, eye drops, and nutraceutical substances.

Europe allantoin market is expected to progress at an estimated CAGR of 5.6% over the forecast period. The region is benefitted by the presence of major manufacturers in the region and well-established pharmaceutical and cosmetics industry. The high living standard of the citizens, coupled with growing demand for anti-aging products among women, is expected to assist the market growth.

Allantoin market share insights

The global allantoin market is characterized by the presence of few industry participants focusing on R&D to come up with efficient and application specific products in order to cater to the changing needs of consumers. The high initial cost and the high operational costs associated with the market lowers the threat of new entrants.

Major players in the industry such as Ashland Inc. and Clariant have integrated their operations by venturing into raw material procurement as well as distribution sector. Firms such as Akema and Luotian Guanghui produce raw material and cater the end-user industries including pharmaceuticals & cosmetics. This factor assists the companies to cut down on costs associated with the same. Such initiatives by the major players are expected to increase the competitive rivalry in the industry. Other key product manufacturers include Lubon industry, Huanghua Suntime, Rita Corp and EMD Performance Materials.

Report Scope

Segments covered in the report

This report forecasts revenue and revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2012 to 2022. For this study, Grand View Research has segmented the global allantoin market on the basis of application and region.

• Application Outlook (Volume, Kilotons; Revenue, USD Million; 2012 - 2022)

  • Cosmetic

  • Pharmaceutical

  • Oral Hygiene

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2012 - 2022)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

  • Latin America

    • Brazil

  • Middle East & Africa