Global Keratin Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2024 –2031 |
Market Size (Base Year) |
USD 1.28 Billion |
Market Size (Forecast Year) |
USD 2.26 Billion |
CAGR |
|
Major Markets Players |
Global Keratin Market Segmentation, By Type (Alpha-keratin, Beta-keratin, Hydrolyzed Keratin, Keratin Amino Acid, and Bio Peptide Keratin), Form (Powder, Liquid, and Tablet), Product Type (Natural and Synthetic), Application (Hair Care Products, Cosmetics and Personal Care Products, Pharmaceutical Products, Industrial and Automotive Applications), Source (Animal-based Keratin, Plant-based Keratin, and Lab-grown Keratin), End-User (Professional Salons, Home Use, Industrial, and Pharmaceutical) – Industry Trends and Forecast to 2031
Keratin Market Analysis
The keratin market is experiencing significant growth due to advancements in extraction methods and application technologies. Recent innovations, such as bioengineering and enzymatic extraction, have improved the yield and quality of keratin derived from natural sources such as feathers and hooves. These methods minimize environmental impact and enhance the sustainability of production processes, attracting a more eco-conscious consumer base.
In addition, the use of keratin in various industries particularly cosmetics, personal care, and pharmaceuticals has surged. In the beauty sector, keratin treatments for hair and nails are in high demand due to their strengthening and restorative properties. Formulations incorporating hydrolyzed keratin have shown remarkable effectiveness in enhancing the texture and resilience of hair, further fueling market growth.
Furthermore, the pharmaceutical application of keratin, particularly in drug delivery systems and wound healing, has gained traction. The biocompatibility and biodegradability of keratin-based products are appealing for medical use.
Overall, the keratin market is projected to continue expanding, driven by technological advancements, increased consumer awareness of natural ingredients, and the diverse applications of keratin across multiple sectors. This growth presents opportunities for innovation and investment in sustainable keratin sourcing and production methods.
Keratin Market Size
The global keratin market size was valued at USD 1.28 billion in 2023 and is projected to reach USD 2.26 billion by 2031, with a CAGR of 7.30% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Keratin Market Trends
“Rising Demand for Personal Care and Hair Care Products”
One key trend driving the growth of the keratin market is the increasing demand for personal care and hair care products. Consumers are seeking hair treatments that offer restoration and repair, particularly for damage caused by chemical treatments and environmental exposure. Keratin-infused shampoos, conditioners, and treatments have gained popularity for their ability to strengthen and smooth hair. For instance, in 2020, Keraplast Technologies LLC introduced "KeraStat Gel," a keratin-based wound healing product, to the European market. This innovative gel is formulated to enhance the healing of chronic wounds and improve overall patient outcomes. The launch of KeraStat Gel reflects Keraplast's dedication to advancing medical solutions through keratin technology, providing healthcare professionals with effective tools to manage challenging wound care scenarios in clinical settings.
Report Scope and Keratin Market Segmentation
Attributes |
Keratin Key Market Insights |
Segments Covered |
|
Countries Covered |
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, South Africa, Egypt, Israel, 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 |
Key Market Players |
Blendtec (U.S.), Hamilton Beach Brands, Inc. (U.S.), Santos Ltd (France), JTC Electronics (Taiwan), WARING COMMERCIAL (U.S.), Ceado srl (Italy), Sammic S.L (Spain), Techmate Industries (India), Naru Equipment (India), Mish Horeca Services (India), United Kitchen Equipment (India), B S Kitchen Equipments (India), Sas Bakery Equipments (India), Manibhadra Hotelwares (India), and Hotelaid (India) |
Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Keratin Market Definition
Keratin is a fibrous structural protein found in various parts of the body, including hair, skin, nails, and the outer layer of cells. It serves as a protective barrier against environmental damage, pathogens, and physical stress. Keratin is categorized into two types: alpha-keratin, found in softer tissues such as hair and skin, and beta-keratin, present in harder structures such as feathers and nails. In the beauty and cosmetic industry, keratin treatments are popular for enhancing hair health, improving strength, and providing a smooth appearance. Overall, keratin plays a crucial role in maintaining the integrity and resilience of various tissues.
Keratin Market Dynamics
Drivers
- Rising Trend of Natural and Organic Products
The growing consumer preference for natural and organic products is significantly boosting the keratin market. As more people seek eco-friendly and sustainable options, keratin derived from animal-friendly sources, such as plant-based or ethically sourced animal products, is becoming increasingly popular. For instance, in 2020, Esperer Bioresearch Private Limited launched its flagship product, "Hairfit," a revolutionary keratin-based hair care solution. Designed to combat hair fall and promote hair growth, Hairfit aims to enhance hair quality and vitality. This innovative product underscores Esperer’s commitment to delivering effective, science-backed hair care solutions that meet the needs of consumers seeking natural and efficacious remedies for their hair concerns.
- Growing Cosmetic and Personal Care Industry
The global expansion of the beauty and personal care industry, particularly in emerging economies, is significantly driving demand for keratin-infused products. With rising disposable incomes and increasing beauty consciousness, consumers in regions such as Asia-Pacific and Latin America are spending more on personal grooming. Keratin-based hair care and skincare products, known for their restorative and protective properties, are gaining popularity among a broader demographic. For instance, in April 2024, Unilever, a major player in the keratin industry, has recently unveiled a new line of hair care products featuring keratin as a key ingredient. This launch is part of Unilever's strategy to diversify its product offerings and respond to the rising consumer demand for effective, natural hair care solutions. By introducing keratin-infused products, the company aims to enhance hair health and attract a broader customer base.
Opportunities
- Keratin’s Use in Nail Treatments
The incorporation of keratin in nail strengthening products presents significant opportunities in the market. Keratin, a protein naturally found in nails, helps repair brittle or damaged nails, making it an essential ingredient in many nail care formulations. For instance, brands such as OPI and Sally Hansen have launched keratin-infused treatments that target weak nails, promoting their health and resilience. With growing consumer interest in effective, long-lasting nail care solutions, keratin-based treatments are gaining popularity. This trend is especially strong among individuals seeking to restore nail strength after damage from gel or acrylic applications, creating a promising niche for product innovation and growth.
- Advancements in Biotechnology
The development of biotechnology-derived keratin is opening significant opportunities in the cosmetic industry. By leveraging bioengineering techniques, companies can now produce keratin sustainably, without relying on animal sources, meeting the rising demand for ethical and eco-friendly beauty products. This innovation enables the formulation of highly effective keratin treatments for hair and skin, enhancing their appeal to environmentally conscious consumers. For instance, KeraNetics, a biotech company, has developed a keratin-based platform that can be customized for various cosmetic applications. This shift not only fuels product innovation but also helps brands align with sustainability trends, creating a competitive edge in the market.
Restraints/Challenges
- Allergy and Sensitivity Concerns
Allergy and sensitivity concerns pose a significant restraint to the keratin market, particularly in the hair treatment segment. Some consumers experience allergic reactions, including skin irritation, redness, and respiratory issues, after using keratin-based products. This sensitivity is often due to the harsh chemicals, such as formaldehyde, found in some keratin treatments, which can trigger adverse effects. Such reactions deter a portion of potential consumers from using these products, creating hesitancy in the broader market. The prevalence of these concerns limits the market’s reach and restricts the customer base, as more consumers become cautious about using products containing keratin due to health risks.
- High Production Costs
High production costs significantly hinder the keratin market, as the extraction process from natural sources such as wool, feathers, or horns is both labor-intensive and expensive. The need for specialized processing techniques to purify and isolate keratin compounds adds to these costs. Consequently, manufacturers face challenges in offering competitive pricing while ensuring high product quality, which can deter potential customers. As a result, some companies may opt to use cheaper synthetic alternatives or lower-quality keratin products, further impacting the overall market value. These elevated production costs can restrict market growth and limit the adoption of keratin-based products among price-sensitive consumers.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Keratin Market Scope
The market is segmented on the basis of type, form, product type, application, source, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Alpha-keratin
- Beta-keratin
- Hydrolyzed Keratin
- Keratin Amino Acid
- Bio Peptide Keratin
Form
- Powder
- Liquid
- Tablet
Product Type
- Natural
- Synthetic
Application
- Hair Care Products
- Cosmetics and Personal Care Products
- Pharmaceutical Products
- Industrial
- Automotive Applications
Source
- Animal-based Keratin
- Plant-based Keratin
- Lab-grown Keratin
End-User
- Professional Salons
- Home Use
- Industrial
- Pharmaceutical
Keratin Market Regional Analysis
The market is analyzed and market size insights and trends are provided by type, form, product type, application, source, and end-user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to dominate the keratin market due to a rising demand for organic and natural cosmetics. Consumers in this region are increasingly prioritizing clean and sustainable beauty products, driving growth in the keratin sector. In addition, the expanding middle-class population and increased awareness of hair and skin health further contribute to the region's strong position in the global keratin market.
Europe is expected to show significant growth in the keratin market during the forecast period, driven by increasing applications in the biomedical sector and a rising demand for environmentally friendly products. The growing awareness of sustainable and natural ingredients among consumers is prompting manufacturers to innovate keratin-based solutions. This trend aligns with the region's focus on health and sustainability, enhancing market opportunities for keratin products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Keratin Market Share
The 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 market.
Keratin Market Leaders Operating in the Market Are:
- Blendtec (U.S.)
- Hamilton Beach Brands, Inc. (U.S.)
- Santos Ltd (France)
- JTC Electronics (Taiwan)
- WARING COMMERCIAL (U.S.)
- Ceado srl (Italy)
- Sammic S.L (Spain)
- Techmate Industries (India)
Latest Developments in Keratin Market
- In March 2024, Keraplast Technologies, a leading name in the keratin market, has announced plans to expand its operations into new regions, specifically targeting Europe and the Asia-Pacific. This strategic initiative aims to enhance the company's market presence and leverage the increasing global demand for keratin-based products. By entering these dynamic markets, Keraplast seeks to capitalize on opportunities for growth and cater to evolving consumer preferences
- In April 2024, Unilever, a major player in the keratin industry, has recently unveiled a new line of hair care products featuring keratin as a key ingredient. This launch is part of Unilever's strategy to diversify its product offerings and respond to the rising consumer demand for effective, natural hair care solutions. By introducing keratin-infused products, the company aims to enhance hair health and attract a broader customer base
- In 2021, Coty Inc. announced a groundbreaking partnership with LanzaTech aimed at producing sustainable ethanol from carbon waste. This innovative approach will be utilized in Coty’s personal care products, including keratin-based hair care lines. The collaboration reflects Coty’s commitment to sustainability and the development of eco-friendly ingredients, aligning with the growing consumer demand for environmentally responsible products while promoting sustainable practices in the beauty industry
- In 2020, Esperer Bioresearch Private Limited launched its flagship product, "Hairfit," a revolutionary keratin-based hair care solution. Designed to combat hair fall and promote hair growth, Hairfit aims to enhance hair quality and vitality. This innovative product underscores Esperer’s commitment to delivering effective, science-backed hair care solutions that meet the needs of consumers seeking natural and efficacious remedies for their hair concerns
- In 2020, L'Oreal S.A. made headlines with its acquisition of Thayers Natural Remedies, a U.S.-based company renowned for its natural skincare and hair care products. This strategic move aims to strengthen L'Oreal’s portfolio of organic offerings, particularly in keratin-based hair care products. By integrating Thayers into its operations, L'Oreal seeks to expand its reach in the growing market for natural beauty solutions, appealing to health-conscious consumers
- In 2020, Keraplast Technologies LLC introduced "KeraStat Gel," a keratin-based wound healing product, to the European market. This innovative gel is formulated to enhance the healing of chronic wounds and improve overall patient outcomes. The launch of KeraStat Gel reflects Keraplast's dedication to advancing medical solutions through keratin technology, providing healthcare professionals with effective tools to manage challenging wound care scenarios in clinical settings
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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