The global keratin market is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2022 to 2030. The growth is attributed to the increasing consumption of keratin personal care & cosmetic industry. The product plays a major role in the development of a wide range of medicines and tablets, which enhance human immunity. It is a protein that gives nutrition to the hair, nails, and skin, as well as to the overall human body. It is also used as a supplement to provide necessary nutrition to consumers.
Keratin Market Report Highlights
- Hydrolyzed product type witnessed the fastest growth rate with a CAGR of nearly 6.6%. This is attributable to its quality as it plays an important role in the development of healthy tissues, and cosmetic and personal care companies use it in their products to improve well-being, health, and beauty
- Personal Care & Cosmetic Market accounted for the major share of the market by revenue and volume in 2021 owing to the increasing demand for Keratin from personal care & cosmetic market
- Asia Pacific dominated the market by revenue and volume in 2021 owing to the presence of global multinational companies in the region with high demand from end-use markets personal care & cosmetic, healthcare & pharmaceuticals, and food & beverages market
- The key players in keratin market include Hefei TNJ Chemical Industry Co. Ltd., BASF SE, Active Concepts LLC., Parchem Fine & Specialty Chemicals and others. These companies are involved in the rapid research & development and dominate the global keratin market with their extensive presence throughout the value chain
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It is primarily consumed in haircare products such as shampoos and conditioners. The product is also used in a wide variety of other cosmetic products such as hair smoothening creams, gels, soaps, and facewashes. These products are extensively used by commercial beauty parlors and salons. Personal care & cosmetic products have become an integral part of the lives of the masses across the world. This dependency is anticipated to increase the demand for personal care & cosmetic products worldwide over the coming years. The rising consumption of personal care & cosmetic products that offer added nutrition to skin and hair is anticipated to lead to an increased demand for keratin in the coming years.
Vegetables such as carrots, garlic, sweet potatoes, broccoli, kale, and onions are significant providers of keratin. These vegetables are not only good for flavoring the food products but also help improve their immunizing properties by increasing the volume of keratin present in food products. Food & beverage companies include these vegetables in their products to certify them as healthy and nutritious. The prevailing trend of veganism worldwide is expected to fuel the consumption of plant-based keratin in the form of food products in the coming years.
Europe is a prominent consumer of keratin, driven by wide product application in industries such as personal care & cosmetics, healthcare & pharmaceutical, and food & beverages. The product is an essential source of protein and nutrition in personal care products such as shampoos and conditioners, pharmaceutical products such as protein tablets, and food & beverages such as healthy packaged food. Rising consumption of all three in Europe is expected to bolster the demand for the market in the forecast period.
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List of Key Players of the Keratin Market
- Proteina
- Hefei TNJ Chemical Industry Co., Ltd.
- Rejuvenol
- Scherdiva
- Keratin Express
- Keraplast
- NutriScience Innovations LLC
- Guangzhou FONCIU Cosmetics Limited
- Shaanxi Qinland Bio-Tech Co., Ltd.
- Wellgreen Technology Co., Ltd.
- Greentech Biochemicals Co., Limited.
- MakingCosmetics Inc.
- Kerline Srl
- Active Concepts LLC
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global keratin market report based on product, application by source and region
Table of Contents
Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope And Assumptions
1.4.1 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Segmental Outlook
2.4 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Keratin Market
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing/Technology Trends
3.3.3 Sales Channel Analysis
3.3.4 Vendor Selection Criteria
3.4 Price Trend Analysis
3.4.1 Factors Influencing Prices
3.5 Regulatory Framework
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Rising Demand For Personal Care & Cosmetic Chemicals
3.6.1.2 Rising Use Of Keratin In Hair Care Products
3.6.2 Market Restraint Analysis
3.6.2.1 High Global Cost Of Keratin Treatments
3.6.3 Industry Opportunities
3.6.4 Industry Challenges
3.7 Impact Of COVID-19 Pandemic
3.8 Business Environment Analysis
3.8.1 Porter’s Analysis
3.9 Keratin Market Analysis-Macro Economic Analysis
Chapter 4 Keratin Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
4.2 Keratin Market Size, Forecasts, And Trend Analysis, By Product, 2018 - 2030 (Thousand Tons) (USD Million)
4.2.1 Hydrolyzed
4.2.2 Others
Chapter 5 Keratin Market: Application By Source Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
5.2 Keratin Market Size, Forecasts, And Trend Analysis, Application By Source, 2018 - 2030 (Thousand Tons) (USD Million)
5.2.1 Personal Care & Cosmetics
5.2.1.1 Animals
5.2.1.2 Plants
5.2.2 Healthcare & Pharmaceuticals
5.2.2.1 Animals
5.2.2.2 Plants
5.2.3 Food & Beverages
5.2.3.1 Animals
5.2.3.2 Plants
Chapter 6 Keratin Market: Application By Product Type Estimates & Trend Analysis
6.1 Application By Product Type Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
6.2 Keratin Market Size, Forecasts, And Trend Analysis, Application By Product Type, 2018 - 2030 (Kilotons) (USD Million)
6.2.1 Personal Care & Cosmetics
6.2.1.1 Hydrolyzed
6.2.1.2 Others
6.2.2 Healthcare & Pharmaceuticals
6.2.2.1 Hydrolyzed
6.2.2.2 Others
6.2.3 Food & Beverages
6.2.3.1 Hydrolyzed
6.2.3.2 Others
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