Rolex Lanolin products like lanolin oil and lanolin cream are used in sunscreens, make-up, bath products, shaving cream, hair care, nail polish, fragrance etc.
Color Cosmetics Market to Witness Stellar Growth with Increasing Demand for Organic Personal Care ProductsWith the increase in consumer affluence around the globe, the expenditure on cosmetic products is soaring rapidly.
The trade value of the global cosmetics industry was valued at $58.4 billion in 2018.
Color cosmetics are personal care products used to enhance physical appearance in people.
These colorants such as facial foundations, nail polish, lipsticks, and eyeliners are widely used in skincare, make-up, and personal hygiene.
Nowadays, prominent companies in the cosmetics industry are investing more in advertising which includes online promotions on social platforms and also endorsements by celebrities have increased brand value among the consumers.
The rising demand for premium color cosmetics will subsequently fuel the color cosmetics market in this region in the upcoming years.
Global Lanolin Market is expected to reach USD 227.7 million by 2024.
It is a yellow-colored, viscous semi-solid fat secreted by the sebaceous glands of wool-bearing animals.
It is a long-chain waxy ester that comprises cholesterol, but with a dissimilar composition than human sebum.
The Lanolin Market is estimated to grow at a significant CAGR of 5.0% over the forecast period as the scope and its applications are rising enormously across the globe.
Rapid urbanization and presence of international cosmetic brands, growing demand for personal care products, rise in pharmaceutical sector, and high disposable income are documented as major factors of Lanolin Market that are estimated to enhance the growth in the years to come.
However, growth in bio-based alternatives and strict government policy for protection of animals may restrain overall market growth in the coming years.