Lanolin Oil Market was valued at USD 241.96 million in 2021 and is expected to reach USD 362.97 million by 2030, registering a CAGR of 5.20% during the forecast period of 2022-2030.
In its simplest form, lanolin is a wax produced by the sebaceous glands of animals that produce wool. Wool grease, wool wax, and wool yolk are additional names for it. Lanolin, which is used by people, is made from a range of domestic sheep breeds raised only for their wool. It is frequently used to prevent or treat itchiness, dry skin, and other skin irritations brought on by a variety of conditions, including as skin burns from radiation therapy, diaper rash, and more. Additionally, nipples that are sore or cracked as a result of breastfeeding can be treated with lanolin.
The demand for pharmaceutical grade lanolin is expected to rise due to an increase in the use of high-quality lanolin in the production of pharmaceutical products, cosmetics, and personal care products, as well as a shift in consumer preference toward the use of personal care and pharmaceutical products made with natural ingredients. In addition to being used in pharmaceuticals and cosmetics, lanolin has a wide range of other uses, including metal cutting fluid, anti-corrosive agents, and bio-lubricants, all of which have a substantial impact on the expansion of the global market.
It is projected that increased use of lanolin in industrial applications, including as the leather sector, metal cutting, automotive, bio-lubricants, and anticorrosion products, will positively affect the expansion of the global market. In order to draw in a sizable customer base, businesses are also placing a strong emphasis on the creation of novel ingredients, the introduction of private labels, and expert product launches. Major cosmetics and personal care firms are also using lanolin waxes and oils more frequently to raise the sensory appeal and general quality of their products. During the forecast period, the sum of these variables is anticipated to have a favorable impact on the demand for lanolin derivatives in cosmetic products.
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Major Players in Lanolin Oil market are:
Zhejiang Garden Biochemical
Liwei Biological
Weleda
Nippon Fine Chemical
Deutsche Lanolin Gesellschaft
Dishman
Lubrizol
Most important types of Lanolin Oil products covered in this report are:
Industrial Grade
Cosmetic Grade
Most widely used downstream fields of Lanolin Oil market covered in this report are:
Personal Care and Cosmetics
Pharmaceutical
Industrial
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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