Global Allantoin Market By Source (Natural and Synthetic), By Application (Cosmetic, Oral Hygiene, Pharmaceutical, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Allantoin Market Overview:

The 2021 global allantoin market value was USD 519.6 million, exhibiting a 5.8% CAGR during the forecast period of 2023-2032.

The growth of personal care products, such as shampoos, toothpaste, conditioners, and mouthwashes, will be driven by increased product demand. Allantoin has many beneficial properties. These include a keratolytic action and moisturizing effect. It can also help in eliminating dead skin cells.

Global Allantoin Market Scope:

Application Analysis

The increasing demand for preventive healthcare has led to the pharmaceutical industry segment accounting for more than 31% market share in 2021. The cosmetic industry will see a rise in demand for the chemical at a CAGR of 6.2% during the forecast period.

The strong growth rate of this segment can be attributed to the rising demand for the product to manufacture cosmetic products. The booming global oral care industry is expected to drive significant growth in the global allantoin marketplace for oral hygiene. Allantoin acts as an active ingredient for oral hygiene products and protects the mucous membrane in the mouth from heat burns and periodontosis.

Source Analysis

Allantoin has been widely used as a component in many lotions and topical creams for wound treatment. This is due to its cell proliferation properties. It is used for the treatment of many skin diseases, such as eczema. It is widely categorized on the basis of source, as, Natural and Synthetic. Allantoin, a free-flowing synthetic hygroscopic granule, is widely used in pharmaceutical, cosmetic, and dermatological formulations for its soothing, anti-irritating, and soothing properties. Allantoin is a moisturizing agent and keratolytic, which increases the extracellular matrix’s water content and enhances the desquamation and growth of skin cells. It also has soothing, anti-irritant, and skin protector effects by forming complexes of irritants or sensitizing agents. Even at low concentrations, Allantoin can stimulate normal, healthy tissue formation.

Key Market Segments:

By Source

• Natural
• Synthetic

By Application

• Oral Hygiene
• Pharmaceutical
• Cosmetic
• Other Applications

Market Dynamics:

This product’s superior properties are expected to increase the demand in the cosmetics sector over the forecast period. The pharmaceutical sector will see positive changes due to the rising demand for allantoin over the next few years. The product can be used in skin treatments for diseases such as psoriasis or keratosis. The U.S. allantoin markets are expected to rise at a CAGR rate of 5.9% in the forecast period due to the presence of many pharmaceutical companies within the region. Procter & Gamble L’Oreal, Unilever, and L’Oreal are just a few of the major cosmetic manufacturing firms in the U.S. that will have a positive effect on industry growth.

The ban on comfrey containing allantoin (a substantial constituent) might hinder industry price trends in Australia, Europe, and the U.S. U.S. FDA prohibited the use of comfrey extracts in their internal products due to its high level of pyrrolizidine. A lack of consumer awareness in Latin America and the Middle East & Africa regarding the product’s benefits could also hinder market demand. Allantoin companies are mainly focusing on improving their production technologies to increase their process yield.

Clariant, Ashland Inc., and Clariant have invested heavily in expanding their production capacities to meet increasing product demand. Major players in the glyoxylic acid industry have had to expand their production of allantoin. This is because it is an important raw material for the manufacture of the chemical. Hubei Rui SR Technology Co. Ltd. has increased its production capacity by 5000 tons annually in 2021, making it a major player in glyoxylic acid manufacturing.

Region Analysis:

The Asia Pacific accounted for 31.7% market share and led the industry in terms of revenue. Industry growth will be affected by the rapid growth in the cosmetics industry due to changing lifestyles, rising disposable income, and changing lifestyles. A shift by pharmaceutical companies to establish production facilities in India, China, and other countries will result in a significant increase in demand for the regional pharmaceutical industry. This will boost the allantoin market. A rising consumer spending on personal care products, such as creams, eyedrops, and nutraceuticals could result in significant gains for Latin America and the Middle East & Africa over the forecast period. Europe’s allantoin industry is expected to grow at a 5.6% annualized rate over the forecast. The presence of major pharmaceutical and cosmetics manufacturers in the region has been a benefit to the region. The market is expected to grow due to the high quality of life and rising demand from women for anti-aging products.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis:

The global allantoin market has few industry players. These industry participants focus on R&D in order to create efficient products and adapt to changing consumer needs. Low initial costs and high operating costs make it less attractive for new entrants. Clariant, Ashland Inc. has integrated its businesses by expanding into both the raw material procurement sector as well as the distribution sector. Laotian Guanghui and Akema both produce raw materials and cater to end-user industries, including cosmetics and pharmaceuticals. This allows the companies to lower their production costs. These types of initiatives by major players are expected to increase the industry’s competition.

Key Market Players:

• Lubon Industry
• Huanghua Suntime
• EMD Performance Materials
• Rita Corp
• Clariant
• Akema Fine Chemicals
• Allan Chemical Corp
• Other Key Players

For the Allantoin Market research study, the following years have been considered to estimate the market size: