Allantoin Market Size, Share, Competitive Landscape and Trend Analysis Report, by Source, by Application and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

Allantoin Market Outlook -2027

Allantoin, chemically known as 5-ureidohydantoin is a white colored organic compound. Allantoin is majorly obtained by oxidation of uric acid, is a product of purine metabolism in many mammals (not human beings) and is present in their urine. In addition, it is extracted from the comfrey plant. Owing to its superior moisturizing keratolytic properties, allantoin is extensively used in several personal care and grooming products such as shampoo, lotion, and shaving cream. Furthermore, it helps in healing wounds and skin irritation, and thus finds its application in many pharmaceutical products.    

COVID-19 scenario analysis 

• The outbreak of COVID-19 across the globe has severely affected the global allantoin market.
• The economic slowdown due to the outbreak of the pandemic has led to decrease in disposable income of consumers around the world. This, in turn, resulted in significant drop in the demand for personal care products and cosmetics, which has negatively impacted the demand for allantoin to a notable extent.
• Owing to the nationwide lockdown and restrictions imposed on transport, manufacturers were forced to lower their capacity due to decrease in workforce as well as a disrupted supply chain. These factors considerably affected the growth of the global allantoin market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rapid urbanization around the world has resulted in increase in disposable income, which, in turn, is gradually increasing the standard of living. This has led to significant increase in the usage of cosmetics and personal care products, which considerably contributes toward the growth of the growth of the allantoin market, globally. Skincare and hair care products are the major end users under the personal care segment, which includes shampoos, face creams, lotions, and products for various skincare treatments. Moreover, allantoin is widely used in oral care products such as toothpaste and mouthwash, due to increase in awareness of oral hygiene, which has boosted the demand for allantoin. Furthermore, allantoin is widely used in the pharmaceutical industry for the manufacture of creams used in the treatment of several skin-related diseases such as keratosis, psoriasis, and eczema. Owing to its cell proliferation characteristics, allantoin is further used in several healing formulations. Increase in research on the medicinal properties of allantoin by several companies has boosted the growth of the global allantoin market.

The Asia-Pacific region accounted for the largest share of the allantoin market, owing to the exponential growth of the cosmetics and pharmaceutical industries in the emerging economies such as India and China. The market in the North America region is anticipated to growth steadily with a number of major pharmaceutical manufacturers situated in the U.S. Germany is a key producer as well as consumer of cosmetic products, which significantly boosts to the growth of the allantoin market in Europe.  

Key benefits of the report

• This study presents the analytical depiction of the global allantoin industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global allantoin market share.
• The current market is quantitatively analyzed to highlight the global allantoin market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global allantoin market research report:

• Which are the leading market players active in the global allantoin market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

  Allantoin Market Report Highlights

Aspects	Details
By Source	Natural Synthetic
By Application	Moisturization Healing medicine Others
By Industry Vertical	Pharmaceutical Personal Care Cosmetics Others
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Allan Chemical Corp, Akema Fine Chemicals, Ashland Inc., EMD Performance Materials, Clariant, Lubon Industry, Huanghua Suntime, and Rita Corp.
Other Key Market Players	Sunwell chemicals Co., Ltd., Tokyo Chemical Industry Co., Ltd.