San Francisco, 04 April 2024: The Report Keratin Market Size, Share & Trends Analysis Report By Product (Hydrolyzed, Others), By Application By Source (Food & Beverages, Pharmaceutical & Healthcare), By Region, And Segment Forecasts, 2022 - 2030

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.

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.

Increasing consumption of keratin personal care & cosmetic industry is a major factor driving the market growth. 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. It is insoluble in water. It can be derived from feathers, horns, hair, outer skin layer, nails, wool, and claws. 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.

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Another major factor influencing the growth of the keratin market is the increasing preference for bio-based products by end-users owing to the rise in disposable income of consumers. Manufacturers are constantly upgrading their product portfolios to meet the increasing requirements of end users, thereby leading to increased consumption of keratin. The growing global population and the ongoing urbanization and industrialization in emerging economies, such as India, have led governments of various countries across the world to increase their manufacturing expenditure to cater to the rising demand for keratin.

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

The worldwide cosmetics industry has been gradually shifting toward innovative ingredients that have fewer adverse effects and are more efficient. The use of keratin in cosmetics has increased the need for hair care products. The industry is benefiting from the rising demand for hair care regimens and individuals becoming more aware of hair solutions.

The increasing use of keratin in numerous end-use industries, such as personal care & cosmetics, health & pharmaceuticals, and food & beverages, is anticipated to create lucrative growth opportunities for players in the keratin market across the world, especially in the Asia Pacific. The hair care segment is expected to witness significant market penetration globally owing to its increasing demand from consumers. Thus, the rising demand for hair care products globally is anticipated to positively impact the demand for keratin worldwide. In addition, increasing consumption of green chemicals globally is expected to fuel the utilization of vegan-based keratin.

Hydrolyzed keratin is a mixture of amino acids and peptides. This cosmetic ingredient is found in a variety of hair care, nail care, skincare, and other similar products. Hydrolyzed keratin can be used as a humectant, nail conditioning agent, antistatic agent, and hair and biological additive. 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.

Keratin Market Report Scope

Hydrolyzed keratin, for example, is found in mascara at a concentration of up to 0.2%, in bath soaps at a concentration of up to 0.028%, and in hair sprays at a maximum concentration of 0.059%. Some of these compounds have also been reported to be used in hair sprays and could be inhaled.

Keratin 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. Therefore, it is increasingly used in the healthcare & pharmaceuticals industry. The product in the form of capsules and powders is sold by pharmacies and food stores globally. These capsules and powders are consumed by end-users of all age groups to enhance their immunity.

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.