The SNS Insider report reveals that the Keratin Market Size, valued at USD 1.55 Billion in 2022, is set to reach USD 2.5 Billion by 2030, growing at a CAGR of 6.1% from 2023-2030. This remarkable growth is primarily attributed to the rising demand for hair care products, where consumers actively seek solutions to enhance the health and beauty of their hair. The keratin market is witnessing significant growth due to the increasing demand for natural and sustainable ingredients in the cosmetics, personal care, and healthcare industries. Keratin, a fibrous protein found in hair, skin, and nails, plays a crucial role in strengthening and protecting these tissues, making it a valuable ingredient in a wide range of beauty and wellness products. With consumers becoming more conscious about the ingredients they use on their bodies and the environmental impact of their choices, there is a growing preference for keratin-based products that offer nourishing, restorative, and anti-aging benefits.
One significant trend shaping the keratin market is the development of innovative formulations and delivery systems that enhance the efficacy and bioavailability of keratin in cosmetic and skincare products. Manufacturers are investing in research and development to create keratin derivatives, hydrolyzed keratin, and keratin nanoparticles that can penetrate the skin more effectively, delivering moisture, nutrients, and structural support to hair and skin cells. Additionally, there is a growing demand for keratin treatments and therapies that address specific concerns such as hair damage, aging skin, and nail health, driving the adoption of professional salon services and at-home treatment kits.
Market Report Scope:
The growth of the keratin market is driven by the increasing demand for hair care products. Consumers are becoming more conscious about their appearance and are actively seeking products that can enhance the health and beauty of their hair. As a result, the demand for keratin-infused shampoos, conditioners, and treatments has increased. A significant trend in the keratin market is the rising demand for keratin treatments in salons. Keratin treatments, also known as Brazilian blowouts, have gained immense popularity among individuals seeking to achieve smooth, frizz-free hair. These treatments involve the application of keratin-infused products and heat to the hair, resulting in long-lasting straightening effects.
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Keratin is used in skincare and hair care products, such as shampoos and conditioners, to remove dead skin cells, reduce skin oil levels, blemishes, and repair hair and skin damage caused due to heat and other chemicals. The demand for the product is rising in the personal care & cosmetics industry as it is a sustainable, safe, and multifunctional substitute for other types of acids used in cosmetics products. It provides a revitalizing effect on the hair and skin, which is expected to positively impact the demand for keratin in the personal care and cosmetics industry.
Major Key Players in the Keratin Market
l BASF SE
l Keraplast
l Proteina
l Rejuvenol
l MakingCosmetics Inc.
l Hefei TNJ Chemical Industry Co. Ltd.
l Greentech
l Keratin Express
l Clariant
l Kerline Srl
l Roxlor
l NutriScience Innovations LLC
l and other
Market Analysis:
The global cosmetics market has witnessed a shift towards novel ingredients, with keratin gaining prominence due to its minimal side effects and better efficiency. The increasing demand for hair care regimes and a growing awareness of hair solutions are driving the market. Additionally, the preference for bio-based products, fueled by rising disposable incomes, is influencing the growth of the keratin market. The growing global population, urbanization, and industrialization in emerging economies contribute to increased manufacturing expenditure and demand for keratin. A significant trend is the increasing popularity of keratin treatments, like Brazilian blowouts, in salons, providing long-lasting straightening effects.
Segment Analysis:
By Type
l Alpha-Keratin
l Beta-Keratin
By Product
l Hydrolyzed
l Others
By Application
l Personal Care & Cosmetics
l Food & Beverages
l Healthcare & Pharmaceuticals
l Others
By Product:
Hydrolyzed keratin dominates the market, playing a crucial role in hair care, nail care, skincare, and other products. Its versatility as a humectant, conditioning agent, and biological additive contributes to its widespread use.
By Application:
Keratin finds significant application in personal care products, particularly in facial moisturizers, shampoos, and conditioners. The growing demand in emerging economies, driven by rising disposable incomes, fuels the demand for premium cosmetics and personal care products.
Regional Development:
North America leads the keratin market with a 38% revenue share in 2022. This is attributed to the increasing usage of hair care and skin care products, the presence of numerous producers, and a strategic shift towards integrated health and cosmetic products. In contrast, Asia Pacific is expected to witness the highest CAGR of about 6.5%, driven by the increasing demand for hair care and styling products, as well as the popularity of keratin treatments.
Key Takeaways:
Growing consumer awareness and the quest for enhanced appearance drive the keratin market.
Hydrolyzed keratin dominates the market, offering versatile applications in various personal care products.
North America leads with a 38% revenue share, while Asia Pacific exhibits the highest growth potential.
Recent Developments:
In March 2022, Germany-based Axunio launched a vegan paracetamol, emphasizing natural extraction, contributing to the demand for plant-based keratin in healthcare & pharmaceuticals.
Indian start-up Ccigmaa focuses on keratin-based hair care products catering to diverse hair types, promoting nourishment over extended durations.
In March 2023, BASF Personal Care introduced a plant-based alternative, "Kerasylium™," at in-cosmetics Global, showcasing innovative upcycling and meeting the requirements for vegan products.
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