Global Allantoin Market, By Type (Natural and Synthetic), Application (Cosmetics/Personal Care, Pharmaceutical and Agriculture), Sales Channel (Direct Sales/ B2B and Indirect Sales/ B2C), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Allantoin Market Analysis and Insights : Global Allantoin Market
Allantoin market will grow at a rate of 6.25% for the forecast period of 2021 to 2028. Increasing product demand for the manufacturing of various personal care products including shampoos, conditioners, mouthwash, and toothpaste is a vital factor driving the growth of allantoin market.
Allantoin is also called 5-ureidohydantoin or glyoxyldiureide, it is a crystalline oxidation product which is used to heal local wounds and infection. It is an odourless white powder produced by the oxidation of uric acid and are found in urine of many mammals except for human and primates and in botanical extracts of the comfrey plant. They are usually present in toothpaste, mouth, shampoo, lipsticks, lotion etc.
Rising awareness of healthy skin and hair among consumers is the vital factor escalating the market growth, also rising growth of cosmetics market, increasing growth in pharmaceutical sector, rising drug and medicine developments worldwide for rising diseases including Ebola and H1N1, increasing presence of major cosmetic manufacturing companies in the U.S. and rising use of allantoin in cosmetic and pharmaceutical applications are the major factors among others driving the allantoin market. Moreover, rising demand for the product in manufacturing cosmetic products due to its superior properties such as desquamation of dead skill cells, increasing the moisture content of skin and rising research and development activities in the market will further create new opportunities for the allantoin market in the forecast period of 2021- 2028.
However, rising regional raw material issues and lack of consumer awareness are the major factors among others acting as restraints, and will further challenge the growth of allantoin market in the forecast period mentioned above.
This allantoin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on allantoin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Allantoin Market Scope and Market Size
Allantoin market is segmented on the basis of type, application and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the allantoin market is segmented into natural and synthetic.
- Based on application, the allantoin market is segmented into cosmetics/personal care, pharmaceutical and agriculture.
- The allantoin market is also segmented on the basis of sales channel into direct sales/ B2B and indirect sales/ B2C.
Allantoin Market Country Level Analysis
Allantoin market is analysed and market size, volume information is provided by country, type, application and sales channel as referenced above.
The countries covered in the allantoin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the allantoin market due to rapid growth of cosmetics industry, rising consumer disposable income and changing lifestyle, increasing consumer spending on personal care products such as skin care creams, eye drops, and nutraceutical substances., increasing growth of cosmetics market, rising growth in pharmaceutical sector and rising drug and medicine developments for rising diseases including Ebola and H1N1 in this region. Europe is the expected regions in terms of growth in allantoin market due to increasing growth in pharmaceutical sector, high living standard of the citizens, coupled with growing demand for anti-aging products among women in this region.
The country section of the allantoin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Allantoin Market Share Analysis
Allantoin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to allantoin market.
The major players covered in the allantoin market report are Allan Chemical Corporation, Ashland, Akema Fine Chemicals, Clariant, Merck KGaA, RITA Corporation, Sunwell Chemicals Co.,Ltd., Jinyuan Lide Chem, Huanghua Suntime Chemical Industry Co., Ltd., Tengzhou Teglong Chenical, Co., Ltd.,China National Bluestar (Group) Co,Ltd, Weifang Hongyuan Chemical Co., Ltd, Lubon Industry, Luotian Guanghui Chemical Co. Ltd., Tokyo Chemical Industry Co., Ltd., AN Pharma Tech Co Ltd and Biosynth Carbosynth among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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