Allantoin Powder Market Outlook
Allantoin powder is white crystalline and odorless powder, having a moisturizing, keratolytic, and skin-revitalizing effect. Allantoin powder is industrially manufactured from uric acid, by the process of oxidation. Allantoin powder of natural origin is present in the roots and leaves of the comfrey plant. The synthetically prepared allantoin powder is a nature identical to the one observed in comfrey roots. Allantoin powder is used in cosmetics and personal care products and pharmaceuticals, to small extent in agriculture field. The cosmetics and personal care products such as hair care, body care, skin care, oral care, and baby care use allantoin powder as a cosmetic ingredient. The moisturizing effect of the allantoin powder results in the increase in the water content of the skin tissues and promoting cell proliferation and revitalizing the skin cells. In pharmaceutical products, allantoin powder is used extensively for it antiseptic and antibacterial properties in healing the wounds and cuts. Due to the increase in the demand for the personal care products, allantoin powder market is subjected to grow optimistically.
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Emergence of Major Cosmetic and Personal Care Brands in the Developing Nations and Economies in Transition is leading to the Positive Scenario in the Global Allantoin Powder Market
Global allantoin powder is fueled by the increase in the consumption of cosmetic and personal care products. Due to numerous technology developments and attractive product launches, cosmetic and personal care industry is flourishing in developed countries and is gaining momentum in the developing countries. The consumer perception about the cosmetics and personal care products is evolving and is attributed to the higher standard of living. The adoption or mimicking to the western style of life in the Easter countries such as China, Japan, India, South Korea, Indonesia, etc. is creating new niche in the global cosmetic industry and therefore, also bolstering the demand for allantoin powder in the global market.
Moreover, the use of synthetically produced allantoin has received GRAS status from U.S. Food and Drug Administration for its recommended use in the cosmetic and personal care products. This has in turn led to the increase in the demand for the allantoin powder in the global market.
Developing countries such as India, China, South Korea, Brazil, Turkey, etc. are creating increase in the demand for the cosmetics and personal care products as well as pharmaceutical products. The improvements in the country’s GDP, increase in the middle-class population and strengthening purchasing power of the consumers in these countries is leading to the increase in the cosmetics and personal care and pharmaceutical products sales. Allantoin powder market is propelled by the increase in the consumption of pharmaceutical, cosmetic and personal care products.
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Allantoin powder Market Segmentation
The allantoin powder market can be segmented on the basis of type, application, and distribution channel
On the basis of type, the allantoin powder market can be segmented as:
On the basis of application, the allantoin powder market can be segmented as:
- Cosmetics/Personal Care
- Hair Care
- Body & Face Care
- Baby Care
- Oral Care
On the basis of sales channel, the allantoin powder market can be segmented as:
- Direct Sales/ B2B
- Indirect Sales/ B2C
- Online Retail
- Specialty Stores
- Other Retail Formats
Allantoin powder Market: Regional Analysis
On the basis of region, the allantoin powder market is concentrated in North America and Europe region, with the highest consumption of cosmetics and personal care product per capita. The high consumption cosmetics and personal care products is attributed to the established industry, evolved distribution network, and high purchasing power of consumer. However, Asia Pacific and Middle East & Africa regions are anticipated to witness the highest CAGR over the forecast period in the global allantoin powder market. The increase in the middle-class population, increase in the social media usage, increase in the product awareness, and penetration of big brands in the regions is likely to result in the increase in the usage of cosmetics and personal care products. These abovementioned factors are expected to result in the highest CAGR over the forecast period in the global allantoin powder market.
Allantoin powder Market: Key Participants
Some of the market participants in the allantoin powder market are:
- Akema S.r.l.
- BOC Sciences
- Nanjing Jiancheng Chemical
- Kraft Chemicals
The research report presents a comprehensive assessment of the allantoin powder market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as type, application, and distribution channel.
The report covers exhaustive analysis on:
- Allantoin powder Market Segment
- Allantoin powder Market Dynamics
- Allantoin powder Market Size
- Allantoin powder Supply and Demand
- Current Trends/Issues/Challenges pertaining to Allantoin powder Market
- Competition Landscape and Emerging Market Participants in Allantoin powder Market
- Technology related to Production/Processing of Allantoin powder
- Value Chain Analysis of the Allantoin powder Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing dynamics of the allantoin powder market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the allantoin powder market
- Competitive landscape of the allantoin powder market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on allantoin powder market performance
- Must-have information for allantoin powder market players to sustain and enhance their market footprint
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Company