Key Market Overview:
Allantoin Market size was valued at USD 643.0 Million in 2022, registering a CAGR of 6.8% during the forecast period (2023-2030), and the market is projected to be worth USD 1320.0 Million by 2030.
Allantoin is a naturally occurring chemical that is a white, odorless, and crystalline powder, highly soluble in water, and has a molecular formula of C4H6N4O3. The compound is found in several organisms, including plants & animals, and is primarily used in the cosmetics and personal care industry due to its ability to soothe, moisturize, and promote the healing of the skin. Additionally, they have anti-inflammatory and antioxidant properties, making them a popular ingredient in skincare products, especially those designed to treat dry, irritated, or damaged skin. In addition to its cosmetic uses, allantoin is also used in the pharmaceutical industry as an active ingredient in several over-the-counter medications for skin conditions such as eczema, psoriasis, and acne.
Moreover, the growth of the allantoin market is attributed to several factors, including the increasing demand for natural and organic personal care products, and the growing demand for anti-aging and anti-inflammatory products.
Furthermore, the Asia Pacific is the largest consumer of allantoin, accounting for the majority of the global demand. The region is also expected to be the fastest-growing market due to the growing demand for personal care products and the increasing disposable income of the population.
Market Dynamics:
Driver:
The rising demand for personal care products and increasing consumer awareness about the benefits of allantoin in skincare are contributing to the growth of the market. Consumers are increasingly seeking natural and organic personal care products, and allantoin’s ability to soothe and heal the skin makes it a popular ingredient in skin care products. Additionally, the growing demand for anti-aging and anti-inflammatory products is also boosting the market. The ability of allantoin to reduce inflammation and promote skin regeneration makes it a valuable ingredient in these types of products. The increasing prevalence of skin diseases and disorders is also accelerating the growth of the allantoin market, as it is used in the treatment of several skin conditions.
Restraint:
The extraction process is costly, making it difficult to meet the growing demand for allantoin-based products, thus hindering the market. Additionally, the limited availability of raw materials also causes price fluctuations, impacting the market’s growth. Moreover, the stringent rules by the government of different countries on comfrey extracts are also hampering the allantoin market. Since allantoin is also found in comfrey roots and leaves along with other chemicals such as pyrrolizidine alkaloids (PAs), it causes severe liver damage, which limits its use and hampers the market growth
Opportunities:
Microencapsulation is a promising delivery system that has been developed to improve the efficacy of allantoin and other active ingredients in personal care and cosmetic products. Microencapsulation involves enclosing allantoin molecules within tiny particles that protect them from degradation, increase their stability and control their release. This technique helps to ensure that the allantoin remains active and effective for a longer period, even in harsh or unstable environments such as in cosmetic products that are exposed to air or light.
Calcium Acetate Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 1320.0 Million |
| CAGR (2023-2030) | 6.8% |
| By Source | Natural and Synthetic |
| By Application | Moisturization, Healing Medicine, and Others |
| By End User | Cosmetic, Pharmaceutical, Oral Hygiene, and Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Players | Huanghua Suntime Chemical Industry Co., Ltd, Rita Corporation, Hubei Shunhui Bio-Technology Co., Ltd., Merck KGaA, Clariant AG, Allan Chemical Corporation, Akema S.r.l., Ashland, Biosynth, Tokyo Chemical Industry Co. |
Market Segmentation:
By Source
The source segment is bifurcated into natural and synthetic. The natural segment dominated the market in terms of revenue in 2022 due to the increasing adoption of organic source-based products by consumers for different applications including cosmetics and personal care. Keeping this factor in mind manufacturers are also biased towards natural sources such as plants and animals. For instance, Merck KGaA a leading science and technology company in India provides 101015 RonaCare allantoin that has a proven positive influence on skin moisture, working to soothe, heal and give skin a smooth appearance.
The synthetic segment is expected to witness significant growth in terms of CAGR over the forecast period. This is attributed to the fact that synthetic allantoins are a nature-identical, synthesized product made to USP specifications. They are generally chemically synthesized to meet worldwide demand.
By Application
The application segment is categorized into moisturization, healing medicine, and others. The moisturization segment holds the largest share of the allantoin market in terms of value due to the changing lifestyle of individuals with growing concern towards skincare. Consumers are focused more on using natural and less harmful products for the skin. For instance, Clariant, provides Allantoin Premium that promotes cell regeneration in skin weakened by and exposed to external factors and helps to care for and maintain the health of intact skin on the face and body.
Furthermore, the healing medicine segment is expected to grow with the highest CAGR over the forecast period due to its anti-inflammatory, anti-irritant, and wound-healing properties. For instance, Akema Fine Chemicals offers Allantoin EP/USP, an active ingredient for topical pharmaceutical drugs useful in various skin disorders. The ingredient promotes the healing of cuts, wounds, burns, and difficult ulcers.
By End User
The end-user segment is divided into cosmetic, pharmaceutical, oral hygiene, and others. The cosmetic segment contributed the major share of the allantoin market in terms of revenue. Allantoin acts as a mild keratolytic agent that dissolves the intercellular cement holding cornified cells together and helping the natural desquamation of stratum corneum, hence increasing skin smoothness. Due to the aforementioned reason, allantoin is being utilized in the cosmetics and personal care industry as moisturizers, hand creams, serums, and body washes, boosting the allantoin market in the cosmetic industry.
Furthermore, the pharmaceutical segment is anticipated to witness significant growth in terms of CAGR over the forecast period due to the use of allantoin in several dermal care products due to its natural healing and anti-inflammatory property to treat skin disorders such as eczema.
By Region
The allantoin market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia Pacific holds the largest share of the allantoin market due to the growing demand for natural and organic personal care products, along with increasing awareness of the benefits of allantoin. Additionally, the increasing use of allantoin in various pharmaceutical applications contributed to the growth of the market in the Asia Pacific.
Furthermore, Europe is expected to witness significant growth over the forecast period. This is due to the growing demand for personal care and cosmetics products, especially in countries such as Germany, France, and the United Kingdom. The region is home to several established personal care and cosmetics companies, which have been increasing the usage of allantoin in their products due to its benefits in promoting skin health and protection. Companies such as L’Oréal S.A., Beiersdorf AG, Unilever PLC, Johnson & Johnson Services, Inc., and Procter & Gamble Co. are known for their innovative and high-quality personal care and cosmetics products, and they have been increasing the usage of allantoin in their products due to its proven benefits in promoting skin health and protection.
Allantoin Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. The allantoin market is highly competitive, with a large number of players operating at both the regional and global levels. Companies compete based on factors such as product quality, price, innovation, and brand recognition, and many engage in research and development activities and strategic partnerships to stay ahead of the competition. Listed are the key players:
Recent Developments:
- In June 2022, Clariant AG launched a new digital tool called “BeautyForward” which is designed to help formulators and marketers of personal care products easily research and select natural ingredients for their formulations.
- In March 2021, Ashland Global Holdings Inc. acquired the personal care business of Schülke & Mayr GmbH, which included a range of products containing allantoin. The acquisition will help to strengthen Ashland’s consumer business portfolio and enhances the company’s specialty additives position while expanding the company’s biotechnology and microbiology technical competencies.
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