According to information from Future Market Insights, the panthenol market is estimated to expand at a CAGR of 4.2% over the anticipated time period. According to forecasts, the market would be worth USD 306.9 Million in 2032 as opposed to USD 221.8 Million in 2022.
Attributes
Details
The market size value in 2022
USD 221.8 Million
Market forecast value in 2032
USD 306.9 Million
Forecast period
2022 to 2032
Global growth rate (CAGR)
4.2%
The growth rate of India in the panthenol market
5.2%
The business models, critical strategies, and corresponding market shares of some of the major businesses in this industry are examined in-depth in this market study on Panthenol Analysis. Along with market revenue numbers, segment-specific data, regional data, and country-specific data, the complete analysis also includes in-depth analyses of the key influencing variables.
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Historical outlook VS future forecasts for panthenol market
The market for panthenol was valued at USD 188.6 million in 2017, and since then, the market for milk components has grown quickly, at a CAGR of 3.3% from 2017 to 2021. In 2021, the market for milk components was worth USD 306.9 Million.
The market for panthenol has seen great growth in recent years and is forecasted to grow again from 2022 to 2032.
Because it is an alcohol analog of pantothenic acid, pantothenic acid, pantothenol is regarded as a provitamin B5. Panthenol instantly oxidizes to pantothenic acid in living things. It exists as a white powder or clear liquid at normal temperature. Due to its ability to serve as a moisturizer, panthenol is frequently utilized in cosmetics and personal care products.
Country wise insights
What are the main key factors driving the USA Panthenol market?
Panthenol is the alcohol form of pantothenic acid and is thus sometimes also called pro-vitamin B5. It is a natural humectant and emollient that has attracted much attention in recent years for its ability to moisturize and protect the skin.
While panthenol was first synthesized in the 1930s, it was not until the 1950s that its use as a vitamin supplement was discovered. Since then, it has been widely used in Europe and Japan as a treatment for pantothenic acid deficiency. Recently, panthenol's popularity has been growing in the USA as well, thanks to its many potential benefits for both skin and hair health.
How China became the biggest exporter of panthenol?
Panthenol is an ingredient found in many cosmetics and personal care products. It is derived from vitamin B5 and is used in products such as shampoos, conditioners, lotions, and creams.
China has become the world’s largest exporter of panthenol due to its low cost of production. Panthenol is produced synthetically in China, and the country has large reserves of raw materials for its production. Additionally, Chinese manufacturers have invested heavily in research and development to improve the quality of their products.
How Germany is using panthenol for the growth of the pharmaceutical industry?
the German pharmaceutical industry has been looking for new opportunities for growth. One area that has shown promise is the use of panthenol, a substance found in plants that has a number of potential uses in medicine.
Panthenol is already being used in a number of products in Germany, including ointments and creams for the treatment of skin conditions such as eczema and psoriasis. There is also interest in using it as a treatment for wounds and burns, as it can help to speed up the healing process.
There is also potential for panthenol to be used in other areas of medicine. For example, it has been shown to boost the immune system and so could be useful in the treatment of infections. It is also being investigated as a possible treatment for arthritis and other inflammatory conditions.
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Category wise insights
How the personal care and cosmetics industry is responsible for the growth of the global panthenol market?
The global panthenol market is expected to grow at a CAGR of 4.2% during the forecast period (2022 to 2032). The major factor driving the growth of the global panthenol market is the increasing use of panthenol in the personal care and cosmetics industry.
Panthenol is a natural alcohol that is derived from plants and animals. It is used as an emollient, moisturizer, and lubricant in various cosmetics and personal care products. Panthenol has hydrating properties that help to keep the skin soft and supple. It also has anti-inflammatory properties that help to soothe irritated skin.
The rising demand for natural and organic personal care products is another key factor driving the growth of the global panthenol market.
How is panthenol used in the pharmaceutical and medical industry?
The market for panthenol is expanding as a result of an increase in the number of people who are concerned about their health and wellness and their nutritional deficiencies. The growing interest in nutrition and animal welfare is also boosting the market for panthenol. By creating cutting-edge products with panthenol, cosmetic, skin, and personal care products producers can expect to make a significant amount of money.
Over the course of the projection period, it's expected that the panthenol market would expand significantly and generate bigger profits. The conversion of panthenol to pantothenic acid plays a significant role in maintaining normal levels of mental function, energy-producing metabolism, reduction of exhaustion and tiredness, neurotransmitter synthesis, and normal synthesis and absorption of vitamin D and steroid hormones.
What are the applications of panthenol in the food and beverage industry?
The fact that market for pantothenic acid is stimulated by the fortification of a number of foods used in the creation of B5 supplements. The market is seeing a significant increase in demand for panthenol due to the rapidly expanding processed food industry, nutrition goods, and animal feed products. Panthenol is listed as a skin protectant by the National Center for Biotechnology Information because of its anti-inflammatory qualities.
Competitive landscape
Companies in the panthenol sector are continually releasing new types of ingredients to fulfill the shifting needs of consumers and to seize the greatest market. In order to reach new markets, firms are also focusing on growing their distribution networks.
These are some major companies in the panthenol market:
Kunshan Tongde Chemical Inc.
TRI-K Industries
Anhui Huaheng Biotechnology Co., Ltd.
Koninklijke DSM N.V.
Hangzhou Xinfu Science and Technology
BASF SE
FMI thoroughly investigated the pricing strategies of panthenol manufacturers positioned across geographies, sales growth, production capacity, and speculative production expansion in a recently released Research. According to the FMI team, the entire study includes current changes that panthenol-supplier businesses should be aware of.
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Panthenol market report scope
Attributes
Details
Forecast period
2022 to 2032
Historical data available for
2017 to 2022
Market analysis
USD million in value
Key regions covered
North America
Europe
South America
Asian Pacific
Western Europe
Eastern Europe
Middle east and Africa
Key countries covered
USA
Germany
France
Italy
Canada
United Kingdom
Spain
China
India
Key segments covered
Product
Application
Distribution channel
Milk ingredients types
Key companies profiled
Kunshan Tongde Chemical Inc.
TRI-K Industries
Anhui Huaheng Biotechnology Co., Ltd.
Koninklijke DSM N.V.
Hangzhou Xinfu Science and Technology
BASF SE
Report Coverage
Market Forecast
Company Share Analysis
Competitive Landscape
Drivers, Restraints, Opportunities, and Threats Analysis
Market Dynamics
Challenges
Strategic Growth Initiatives
Customization and Pricing
Available upon request
Panthenol market segmentation by category
By form:
Powder
Liquid
By source:
Animal
Plant
By applications:
Food
Beverage
Animal feed
Personal care
Cosmetics
Pharmaceutical
By region:
North America
Latin America
Western Europe
Eastern Europe
Asia pacific
Middle east and Africa
Frequently Asked Questions
How big is the panthenol market?
The Panthenol market size is assessed to be USD 221.8 Million in 2022.
At What Rate is Panthenol market expected to rise?
The Panthenol market is expected to rise at a CAGR of 4.2%.
Which are the major countries driving demand for Industrial panthenol market?
The USA, China, Canada, Germany, Mexico, and India are the major countries driving demand for the panthenol Market.
At what rate will the China Panthenol market grow?
China's Panthenol market is projected to grow at a CAGR of around 6.2% from 2022 to 2032.
At What Rate will, Panthenol market Demand Grow in India?
The demand for the Panthenol market in India is expected to grow at 5.2% CAGR between 2022 and 2032.
Who are the top 5 players operating in the market?
Kunshan Tongde Chemical Inc., TRI-K Industries, Anhui Huaheng Biotechnology Co., Ltd., Koninklijke DSM N.V., and Hangzhou Xinfu Science and Technology are expected to be the top players driving the market growth.
What is the share of USA in the global market share?
The share of the USA in the global panthenol market is 34.8%
What is the demand outlook forecast for the panthenol market?
The world Panthenol market is forecasted to surpass USD 306.9 Million by the end of 2032.
