The global keratin market reached a value of USD 1.48 Billion in 2022 and is projected to attain USD 2.5 Billion by 2032, displaying a substantial compound annual growth rate (CAGR) of 6% throughout the forecast period. The surging desire for hair and skincare items, coupled with the growing preference for organic and natural commodities, as well as heightened consumer awareness regarding the benefits of keratin in enhancing hair and skin health, stand out as primary drivers propelling the growth of market revenues.
Keratin, a fibrous protein known for its essential role in the constitution of skin, nails, and hair, has gained considerable popularity as a key ingredient in products designed for hair and skincare. This popularity can be attributed to its well-recognized attributes of nourishment and fortification. The increasing trend towards embracing organic and natural options is contributing to the escalating demand for keratin-infused hair and skincare products on a global scale.
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Top Profiled Companies in the Global Keratin Market Report:
· Keraplast Technologies LLC
· Nanollose Limited
· Esperer Bioresearch Private Limited
· Coty Inc.
· Rejuvenol Laboratories Inc.
· The Lubrizol Corporation
· L'Oreal S.A.
· Natural Keratin Smoothing Treatment
· INOAR Professional
· Schwarzkopf Professional
· Rusk
key drivers that affect the keratin market:
· Growing Cosmetic and Personal Care Industry: Keratin is widely used in hair care products like shampoos, conditioners, serums, and treatments due to its hair-strengthening and smoothing properties. The growth of the cosmetic and personal care industry directly impacts the demand for keratin.
· Increasing Consumer Awareness: As consumers become more conscious of their appearance and hair health, there's a rising demand for products that offer benefits like hair repair, smoothing, and frizz control. Keratin-infused products cater to these demands, driving market growth.
· Rising Disposable Income: Higher disposable incomes in many regions allow consumers to spend more on premium personal care products, including those containing keratin. This drives manufacturers to develop innovative and high-quality keratin-based products to capture this demand.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook:
- Hair Care Products
- Skin Care Products
- Others
End-Use Outlook:
- Cosmetics & Personal Care
- Medical
- Others
Key Takeaways of the Global Keratin Market Report:
· A comprehensive overview of the global Keratin industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Keratin market.
· Elaborate study of the leading regional markets in the global Keratin market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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