growing demand for keratin in medical industry is driving the Keratin Market
Technavio analyzes that the Keratin Market is expected to grow at a CAGR of 7.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1792.2 million.There are various factors that contribute to the growth of the market. The keratin market is experiencing significant growth due to the increasing demand for this protein in the medical industry. Keratin, a key structural component of hair, nails, and skin, is gaining popularity in various medical applications, including wound healing, tissue engineering, and cosmetic surgery. Its unique properties, such as biocompatibility and biodegradability, make it an ideal choice for medical applications, leading to a surge in demand and market expansion.
In the realm of cosmetics and personal care, keratin, specifically alpha-keratin, has emerged as a prominent ingredient due to its versatile applications. Sourced from various origins, including sheep wool, this protein is renowned for its high concentration in hair, wool, nails, and the epidermal layer of skin in vertebrates. Alpha-keratin's unique properties stem from its amino acid composition, which forms a secondary structure, making it an effective biological material for multiple industries. Notably, the cosmetics industry has embraced plant-based and vegan alternatives to traditional keratin sourced from mammals. Plant-based keratin, such as Bio Peptide Keratin and Hydrolyzed Keratin, offer similar benefits for skin and hair protection. These alternatives provide antioxidant protection, aiding in the natural repair and strengthening of both hair and skin. Additionally, advanced technologies have led to the development of various forms of keratin, including Alphakeratin, Betakeratin, Keratin Amino Acid, and Liquid Alpha-keratin. These forms cater to diverse industry needs, with applications ranging from cosmetics and skincare to pharmaceuticals and biotechnology. In summary, keratin, in its various forms, continues to be a valuable asset in numerous industries due to its protective and restorative properties.
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Keratin Market Segmentation
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The keratin market encompasses a range of personal care products, including skincare and hair care items. In hair care, keratin-based offerings include shampoos, conditioners, and treatments for damaged hair. These products address issues like dead skin cells, skin oil levels, blemishes, and damage. They come in various forms such as powders, liquids, tablets, and are derived from both natural and synthetic sources. Keratin treatments, like hair straightening, are popular chemical options, while leave-in conditioners and masks offer natural alternatives. Key keratin types include Alphakeratin, Betakeratin, Hydrolyzed Keratin, Keratin Amino Acid, and Bio Peptide Keratin.
The Keratin market, a segment of the personal care industry, experiences significant growth due to increasing consumer preference for bio-based products in skincare and hair care. Keratin, a natural protein, is a key ingredient in various hair care products such as shampoos and conditioners. The market's expansion is driven by the rising demand for dead skin cell removal and maintaining optimal skin oil levels, addressing issues like blemishes. The commodity chemicals market, encompassing manufacturers of industrial and basic chemicals, plays a crucial role in supplying raw materials for the production of these keratin-based hair care products. Factors like the increasing demand for lightweight and corrosion-resistant materials in the packaging industry, particularly for plastics, contribute to the growth of the commodity chemicals market, ultimately benefiting the Keratin market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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