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Written by Oliver » Updated on: October 05th, 2024
The latest report by IMARC Group, titled “Keratin Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the keratin market revenue. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global keratin market size reached USD 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.21% during 2024-2032.
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Keratin Market Overview:
Keratin is a fibrous structural protein that serves as the essential component in the epidermis, hair, nails, feathers, and hooves of animals, highlighting its versatile applications across various industries. In cosmetic and personal care formulations, keratin is utilized to strengthen hair and nails, improve skin elasticity, and enhance the protective barrier against environmental damage.
The product is available in several forms including hydrolyzed keratin, keratin oil, and keratin supplements, catering to a broad spectrum of personal care routines. Additionally, the incorporation of keratin in products offers numerous advantages such as enhanced tensile strength of hair, increased moisture retention, and restoration of skin smoothness and resilience, making it a sought-after ingredient in formulations aimed at repair and protection.
Keratin Market Trends:
The global market is experiencing substantial growth driven by the escalating demand in the beauty and personal care industry. This rise is primarily attributed to increased consumer awareness regarding the benefits of protein-based hair and skin products, coupled with a growing inclination towards maintaining an aesthetic and well-groomed appearance. Along with this, the market is further bolstered by innovations in product formulations, where keratin is combined with other beneficial ingredients to enhance its efficacy and appeal.
In addition, the trend towards sustainable and cruelty-free beauty products is prompting manufacturers to develop vegan keratin alternatives derived from plant sources, thus expanding the consumer base. These factors, together with the rising disposable incomes in emerging economies and the proliferation of e-commerce platforms facilitating easy access to premium beauty products, are creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income levels.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/keratin-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Keratin Market Segmentation:
Our report has categorized the market based on region, type and application.
Type Insights:
Application Insights:
Breakup by Region:
Key Highlights of the Report:
About US:
IMARC Group is a leading market research firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group's information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company's top areas of expertise.
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