Keratin Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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Keratin is a naturally obtained protein, which is extracted from a variety of biomaterial morphologies such as hydrogels, films, and sponges. It is an element of structural protein group, which is majorly used in the manufacturing processes of cosmetics and personal care products for hair, skin, and other personal care. The genomes of many chords, including vertebrates, urochordates, and amphiox contain keratin in particular. Owing to its biodegradability and biocompatibility, keratin has multiple biomedical applications. It is commonly used in various medical applications such as tissue engineering, drug delivery, and wound healing. It can have both hard form and soft form. Hard forms include claws and nails, horns, hooves, feathers, and scales, whereas hair and wool are made up of a flexible and soft form.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, End Use, and Region |
Regions covered | North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA) |
Companies Covered | Keraplast Technologies, Cell Constructs, Roxlor, Bingo Hair Cosmetic Manufacture, Rejuvenol, Keratin Express, Malfroy and Milloin, Spirit, Arteseta,and Vanners Silks |
Key drivers of global keratin market
Increase in consumption of soaps, nails cream, and shampoos is anticipated to boost the demand for keratin during the projected time period. In addition, rise in need from various end-use industries and rapid urbanization accelerate the growth of the market, especially in Asia-Pacific countries, including China, India, and Japan. Moreover, development of the global salon care industry is anticipated to augment the demand for keratin. Owing to its moisturizing characteristic, keratin is adopted for production of various hair care products—such as conditioners and shampoos, which drives the growth of the global market.
Market scenario: opportunities and challenges
Keratin is majorly used in biomedical applications such as tissue culture, wound healing, and drug delivery, owing to the biodegradable and biocompatible attributes, which, in turn, boosts the growth of the global keratin market. In addition, increase in emphasis of R&D on innovating and introducing environmentally sustainable products at affordable prices is anticipated to create lucrative opportunities for the keratin market. Moreover, surge in usage of keratin in cosmetic and personal care industry is intended to boost the growth of the market. However, volatile prices of raw material hamper the market growth.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global keratin market is expected to witness a slowdown during the next couple of years. Government officials have imposed various restrictions regarding the operation activities of production plants. Recent decline in the growth of the cosmetic industry has negatively impacted the expansion of the keratin market. Moreover, companies are dealing with disrupted demand and supply chains, as movement of people has been restricted by the government authorities.
Key segments covered
Segment | Subsegment |
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Key benefits of the report
- This study presents the analytical depiction of the global keratin 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 keratin market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global keratin 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 keratin market research report
- Which are the leading market players active in the keratin 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?
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