Global Allantoin Market by Application (Oral Hygiene, Pharmaceutical, Cosmetic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2016, the global allantoin market was valued at USD 448.4 millions, growing at 6.1% CAGR over the forecast period. The forecast period will see a rise in product demand for various personal care products such as toothpaste, shampoos, and mouthwash.

Allantoin is known for its beneficial properties, such as a keratolytic effect and moisturizing effect on skin. It also helps to eliminate dead skin cells and increase skin's water content. These exceptional properties will drive demand in the cosmetics industry during the forecast period.

The pharmaceutical industry will benefit from the increasing number of drug and medicine development for rising diseases such as Ebola or H1N1, which will drive global allantoin demand in the future. This product is used as an ingredient in skin creams that treat psoriasis (keratosis) and xerosis.

Due to the presence of many pharmaceutical companies in the area, the U.S. allantoin industry is expected to grow at a CAGR of 5.9% during the forecast period. The industry's growth is also expected to be influenced by the presence of large cosmetic manufacturing companies such as Procter & Gamble and L'Oreal in the U.S. The ban on comfrey extracts containing allantoin as a significant constituent may hinder the industry's price trends in the U.S., Europe and Australia. The U.S. FDA has banned the internal use of comfrey products because of its high pyrrolizidine content. The market may also be affected by a lack of awareness among consumers in Latin America and the Middle East & Africa about the benefits of the product.

Allantoin producers are focusing on improving their production technology in order to increase their process yield. Clariant and Ashland Inc. are major players in the industry. They also invest in increasing production capacity to meet rising demand.

Major players have increased their global glyoxylic acids production capacity to meet the growing demand for allantoin, which is a key raw ingredient in the manufacturing of the chemical. Hubei Rui SR Technology Co. Ltd. was a major player in glyoxylic acids production and increased its production capacity to 5000 tonnes per annum in 2015.

Application insights

Because of its ability to stimulate cell growth, allantoin is an ingredient that is widely used in many topical creams and lotions for healing wounds. It's used to treat eczema and psoriasis. In 2016, the pharmaceutical application segment accounted for 31% of the industry's total market share.

Over the forecast period, the demand for the chemical in cosmetics industry is expected rise at a 6.2% CAGR. This is due to the high demand for the chemical in cosmetic manufacturing. Its superior properties, such as the ability to desquamation dead skill cells and to increase the skin's moisture, explain the high growth rate.

Due to the growing oral care industry worldwide, the global allantoin market for oral hygiene will see significant growth. Allantoin is an active ingredient in oral hygiene products that protect the mucous membrane from heat blisters, periodontosis and other harmful effects.

Regional insights

In 2016, the Asia Pacific region dominated the industry's revenue, accounting for 31.9%. Industry growth is expected to be influenced by the rapid growth of the cosmetics industry in Asia Pacific due to rising disposable income and changing lifestyles. The demand for regional pharmaceutical products will be high due to pharmaceutical companies shifting their focus to India and China. This will increase the overall allantoin market. The rising consumer spending on personal care products like skin care creams, eye drops and nutraceutical substances could lead to significant gains in the Middle East and Africa as well as Latin America over the forecast period.

The Europe allantoin market will grow at an estimated 5.6% CAGR over the forecast period. It is a region that has a number of large manufacturers and a well-established cosmetics and pharmaceutical industry. Market growth is expected to be supported by the high standard of living and growing demand among women for anti-aging products.

Market share analysis for Allantoin

Global allantoin markets are characterized by a small number of industry players who focus on R&D to develop efficient products that meet the changing needs of consumers. There is less risk of new entrants due to the market's high initial costs and high operating costs.

Clariant and Ashland Inc. are major players in this industry. They have merged their operations into the raw material procurement and distribution sectors. Luotian Guanghui and Akema are two of the major players in this industry. They produce raw material and serve end-user industries such as pharmaceuticals and cosmetics. This allows companies to reduce their costs. These initiatives by major players will increase industry competition. Lubon industry is also a key player.

The report covers segments

This report forecasts revenue growth and revenue at the global, regional and country levels. It also provides analysis of industry trends for each sub-segment from 2012 to 2022. Up Market Research segmented the global market for allantoin based on application and region.

• Application Outlook (Volume of Kilotons; Revenues, USD Million; 2012-2022)

  • Cosmetic

  • Pharmaceutical

  • Oral Hygiene

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Million; 2012-2022)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

  • Latin America

    • Brazil

  • Middle East & Africa

Up Market Research published a new report titled “Allantoin Market research report which is segmented by Application (Oral Hygiene, Pharmaceutical, Cosmetic), By Players/Companies Lubon industry, Huanghua Suntime, Rita Corp and EMD Performance Materials”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Allantoin Market Report Segments:

The market is segmented by Application (Oral Hygiene, Pharmaceutical, Cosmetic).

Allantoin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Allantoin Market

Overview of the regional outlook of the Allantoin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Allantoin Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Allantoin Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Oral Hygiene

                2. Pharmaceutical

                3. Cosmetic

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Allantoin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Allantoin Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.