San Francisco, 11 June 2020 — “Lanolin Market Analysis By Regions (North
America, Europe, Asia-Pacific, Latin America and Africa), Product, By
Application And Segment Forecasts To 2027”
Global Lanolin Market is expected to reach
USD 227.7 million by 2024. Lanolin is also termed as wool grease or wool wax.
It is a yellow-colored, viscous semi-solid fat secreted by the sebaceous glands
of wool-bearing animals. It is used as a raw material for the processing of
enhanced anti-oil, senior soap, rheumatism ointment, cream, zinc oxide adhesive
plaster, and lip balm. 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.
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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. Lanolin Market is segmented based on application and region.
The market may be categorized
based on applications like industrial, personal care cosmetics,
pharmaceuticals, baby care products, and others. The personal care &
cosmetics sector accounted for the substantial market share of Lanolin and is
estimated to lead the overall market in the upcoming period. Also,
pharmaceutical sector is estimated to grow at the fastest pace in the years to
come.
Globally, Asia Pacific accounted
for the substantial market share of Lanolin and is estimated to lead the
overall market in the upcoming period. The reason behind the overall market
growth could be high demand from cosmetics & personal acre manufacturers
and expansion of pharmaceutical and healthcare industries. The developing
countries like India and China are the major consumers of Lanolin in the coming
years.
This report studies the global Lanolin market status and forecast,
categorizes the global Lanolin
market size (value & volume) by manufacturers, type, application, and
region. This report focuses on the top
manufacturers in United States, Europe, China, Japan, South Korea and
Taiwan and other regions.
This research report offers a
comprehensive analysis of key elements of the Lanolin Market such as potential top key Manufacturers along with
their strengths and weaknesses. The Lanolin
Market report also comprises some useful strategies and scenario for the new
players in the market. While forecasting the growth of the global Lanolin market, various statistical
tools were utilized to get an accurate result of the Demographic data.
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