PUBLISHER: IMARC | PRODUCT CODE: 1722469
PUBLISHER: IMARC | PRODUCT CODE: 1722469
The global lanolin market size reached USD 459.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 672.3 Million by 2033, exhibiting a growth rate (CAGR) of 4.32% during 2025-2033.
Lanolin is a yellow wax secreted by the sebaceous glands of sheep to condition their wool. It is an effective emollient that forms a layer on the top of the skin to soften dry patches. It assists in healing eczema, burns, scrapes, diaper rashes of babies, dry lips, cracked skin, and raw nipples. As a result, it finds extensive applications in the manufacturing of creams, moisturizers, lipsticks, concealer eyeliners, makeup remover, shaving creams, hair removal creams, hair conditioners, and body washes across the globe.
At present, there is an increase in the employment of lanolin in the beauty and personal care industry around the world as it locks in moisture and prevents water loss, thereby making the skin surface appear smoother. This, along with its growing utilization in pharmaceutical products comprising natural ingredients, represents one of the key factors driving the market. Moreover, the escalating demand for ultra-sensitive products for baby care applications is propelling the growth of the market. In addition, there is a rise in the usage of bio-based in industrial sectors worldwide. This, coupled with the rising environmental concerns among individuals about the depletion of natural resources, is positively influencing the market. Besides this, the widespread availability of lanolin through online and offline stores is contributing to the market. Other growth-inducing factors are low labor and production costs and the growing preferences towards vegan personal care products. Furthermore, key market players are focusing on new ingredients development, private label introduction, and professional product launches. This is projected to attract a large consumer base, increase their overall sales and profitability, and bolster the growth of the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Croda International Plc, Fenchem, KRG International, Lanco S.A., Lanotec, MERCK Kommanditgesellschaft auf Aktien, Nippon Fine Chemical Co. Ltd., NK Chemicals, Rolex Lanolin Products Limited, Suru Chemicals & Pharmaceuticals Private Limited, Tallow Products Pty Ltd and The Lubrizol Corporation (Berkshire Hathaway Inc).