Lanolin Market Size To Reach $412.43 Million By 2030

Lanolin Market Growth & Trends

The global lanolin market size is anticipated to reach USD 412.43 million by 2030 and is projected to grow at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increase in the use of natural and organic personal care products worldwide, owing to the rise in consumer demand for sustainable and eco-friendly ingredients, is anticipated to have a positive impact on the product consumption.

Lanolin is an anti-inflammatory ointment used to treat or prevent dry, rough, scaly, itchy skin and minor skin irritations, such as diaper rash and skin burns from radiation therapy. One of the remarkable properties of the product is its ability to act as a carrier for pharmaceutically active ingredients that require deep permeation into the layers of the skin. Therefore, it is highly valued in pharmaceuticals for enhancing the skin's healing process. In the realm of wound care, it proves to be invaluable. It aids the wound healing process and helps in dermal repair when incorporated into burns dressings. Promoting a conducive environment for tissue regeneration accelerates the recovery of damaged skin, leading to improved outcomes.

Lanolin-based products can cause skin irritation and allergies in some individuals, particularly those with sensitive skin. The adverse effects of the product, such as skin burning, stinging, redness, and unusual skin changes, can limit its usage and affect market growth. In March 2023, lanolin was named the contact allergen of the year 2023 by the American Contact Dermatitis Society due to its wide use in industries for its emollient properties. Therefore, the market faces restraints due to the increasing demand for plant-based substitutes, concerns about allergies and skin sensitivity, and ethical considerations related to animal cruelty. These factors impact market growth and pose challenges for the lanolin industry.

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Lanolin Market Report Highlights

• Based on derivative categories, the cholesterin segment is anticipated to grow at the fastest CAGR of 5.4% from 2024 to 2040. Cholesterin is a natural sterol found in lanolin and is an important component of the skin's lipid barrier. It is known for its moisturizing and emollient properties, making it a popular ingredient in skincare products. It helps to improve skin hydration and elasticity, and it can also enhance the absorption of other active ingredients in cosmetic formulations

• Based on application, the pharmaceutical segment is anticipated to grow at the fastest CAGR of 4.6% during the forecast period. The demand for lanolin in the pharmaceutical industry is expected to continue growing due to the ongoing innovations and advancements in the field. As pharmaceutical companies develop new products for specific illnesses, the demand for the product as an ingredient in these products is likely to increase.

• Asia Pacific region is expected to grow at the fastest CAGR of 4.8% during the forecast period. The Asia-Pacific region has emerged as a significant consumer of lanolin, with the pharmaceutical industry playing a pivotal role in driving the demand for this versatile natural ingredient. Rising temperatures in the region have also increased the demand for lanolin in various applications, further solidifying its significance in the pharmaceutical and personal care industries

• In March 2022, Lanolips announced that it had reached an agreement with Point King Capital according to which the latter would invest in the Lanolips range of lanoline products available in the beauty and personal care market in U.S. The collaboration is expected to help Lanolips expand in the U.S. market which accounts for 40% of its sales

Lanolin Market Segmentation

Grand View Research has segmented the global lanolin market report based on derivative categories, application, and region:

Lanolin Derivative Categories Outlook (Kilotons, USD Million; 2018 - 2030)

• Lanolin Alcohol

• Cholesterin

• Isopropyl Lanolate

• Laneth

• Lanogene

• Lanosterols

• Quaternium 33

• PEG-75

• Lanolin Fatty Acid

• Other Derivatives

Lanolin Application Outlook (Kilotons, USD Million; 2018 - 2030)

• Personal care & Cosmetics

• Baby care products

• Pharmaceuticals

• Industrial

• Other Applications

Lanolin Region Outlook (Kilotons, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Lanolin Market Include

• BASF SE

• The Lubrizol Corporation

• Imperial-Oel-Import Handelsgesellschaft mbH

• Nippon Fine Chemical Co., Ltd

• NK CHEMICALS CHINA LTD.

• Lanotec

• Industria Quimica del Centro S.A. de C.V.

• Rolex Lanolin Products Limited

• Croda International Plc

• Esperis S.p.A.

• Sancai (lanolin) CO., LTD.