Keratin Market

Market Overview:

The global keratin market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.21% during 2024-2032. The rising demand for keratin-based personal care and cosmetic products, the widespread product utilization across numerous medical and pharmacological applications, and easy product availability through numerous online retail channels represent some of the key factors driving the market.

Keratin is a fibrous structural protein that is the key component of various tissues in human and animal bodies. It contains long chains of amino acids, predominantly cysteine, linked together by disulfide bonds. These chains form a strong, durable, and insoluble material that provides mechanical support, protection, and integrity to the tissues they form. Keratin contributes to the structural integrity of the skin by creating a protective barrier against external factors, such as moisture loss and physical damage. In addition to this, it provides strength, elasticity, and resistance to wear and tear in hair and enhances the dexterity of nails. As a result, keratin is widely used in cosmetics and personal care products. It is also employed in the development of biomaterials for tissue engineering and wound healing.

Keratin Market Trends:

The rising consumer demand for keratin-based hair care products, such as shampoos, conditioners, masks, and creams to improve hair health, strength, and appearance, represents one of the prime factors driving the market growth. Besides this, the growing demand for healthy and well-maintained hair due to changing lifestyles, evolving fashion trends, and high grooming standards have enhanced the need for keratin-infused products, further creating a favorable outlook for the market. Moreover, the largescale product utilization for formulating skincare and nail care products, due to their beneficial properties, is strengthening the market growth. In line with this, the inflating disposable income of individuals and the rising demand for premium and luxury products due to brand value, product efficacy, and enhanced consumer experience are aiding in market expansion. In addition to this, the increasing use of keratin biomaterials in medical and pharmacological applications, such as wound healing, drug delivery, tissue engineering, trauma, cell cultures, and intravenous therapy, is acting as a significant growth-inducing factor. Furthermore, continuous technological advancements, such as improved extraction techniques, synthesis methods, and formulation approaches, leading to enhanced product efficacy and performance, are presenting remunerative growth opportunities for the market. Other factors, such as the expanding male grooming market, the increasing number of salon and spa services, the growing proliferation of beauty influencers and bloggers on social media, and easy product availability through numerous online retail channels, are propelling the market forward.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global keratin market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

• Alpha-Keratin
• Beta-Keratin
   

The report has provided a detailed breakup and analysis of the keratin market based on the type. This includes alpha-keratin and beta-keratin. According to the report, alpha-keratin represented the largest segment.

Application Insights:

• Personal Care and Cosmetics
• Healthcare and Pharmaceuticals
• Food and Beverages
   

A detailed breakup and analysis of the keratin market based on the application has also been provided in the report. This includes personal care and cosmetics, healthcare and pharmaceuticals, and food and beverages. According to the report, personal care and cosmetics accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for keratin. Some of the factors driving the Asia Pacific keratin market included the growing demand for hair care products, the emerging product applications in the healthcare industry, and inflating disposable income of individuals.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global keratin market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Active Concepts LLC, Akola Chemicals Limited, BASF SE, Greentech Biochemicals Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Keraplast Technologies, Keratin Express LLC, MakingCosmetics Inc., NutriScience Innovations LLC, Parchem Fine & Specialty Chemicals, ProgenaCare Global, Rejuvenol Inc., Wellgreen Technology Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global keratin market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global keratin market?
• What is the impact of each driver, restraint, and opportunity on the global keratin market?
• What are the key regional markets?
• Which countries represent the most attractive keratin market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the keratin market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the keratin market?
• What is the competitive structure of the global keratin market?
• Who are the key players/companies in the global keratin market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the keratin market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global keratin market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the keratin industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.