“Global Keratin Products Market to reach a market value of USD 2.6 Billion by 2031 growing at a CAGR of 5.8%”
The Global Keratin Products Market size is expected to reach $2.6 billion by 2031, rising at a market growth of 5.8% CAGR during the forecast period.
North America, there is a strong cultural emphasis on personal appearance and grooming. Consumers are willing to invest in products that enhance their hair and skin, contributing to the popularity of keratin-based solutions. Consequently, the North American region would acquire nearly, 30% of the total market share by 2031.
Consumers increasingly prioritize personal well-being and self-care, focusing more on maintaining healthy hair and skin. In addition, the rise of digital media and access to information has increased consumer education about hair and skin health. Thus, rising awareness of hair and skin health is driving the growth of the market.
Additionally, Consumers are increasingly aware of maintaining a youthful appearance, leading to a higher demand for anti-aging products. Moreover, manufacturers are developing advanced keratin formulations that target specific aging concerns, such as hair thinning and skin elasticity loss. Therefore, rising demand for anti-aging products is propelling the market’s growth.
However, the primary ingredient, keratin, along with other high-quality components used in these products, tends to be expensive. In addition, the production of keratin treatments involves specialized equipment and processes, such as hydrolysis and nano-encapsulation, which are more expensive than those for regular hair care products. Hence, the high cost of keratin treatments and products hamper the market’s growth.
On the basis of form, the market is segmented into powder, liquid, and tablet. In 2023, the liquid segment attained 34% revenue share in the market. Liquid products, such as serums, sprays, and conditioners, are often easier to apply and distribute evenly throughout the hair.
Based on product type, the market is divided into alpha-keratin, beta-keratin, hydrolyzed keratin, keratin amino acid, and bio peptide keratin. The keratin amino acid segment attained 21% revenue share in the market in 2023. Keratin amino acids are the building blocks of keratin proteins found in hair. These amino acids, such as cysteine, arginine, and lysine, play a crucial role in repairing and strengthening hair.
By application, the market is divided into hair beauty salon, skin cream, nutraceuticals, pet care & supplement, medical, active pharmaceutical ingredient (API), and others. The skin cream segment procured 21% revenue share in the market in 2023. Keratin is a key structural protein in the skin that contributes to its strength and resilience. When included in skin creams, keratin helps to reinforce the skin barrier, improving its ability to retain moisture and protect against environmental aggressors.
Free Valuable Insights: Global Keratin Products Market size to reach USD 2.6 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 37% revenue share in the market in 2023. With its high population density, the region represents a vast consumer base for personal care and beauty products.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.7 Billion |
| Market size forecast in 2031 | USD 2.6 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.8% from 2024 to 2031 |
| Number of Pages | 243 |
| Number of Tables | 410 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Form, Product Type, Application, Region |
| Country scope |
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| Companies Included | Parchem Fine And Specialty Chemicals, Inc., Kerline srl, BASF SE, NutriScience Innovations, LLC, Kelisema (S.R.L.), Active Concepts, LLC, BioOrganic Concepts, Greentech Biochemicals Co., Limited, Hefei TNJ Chemical Industry Co.,Ltd. and Croda International Plc |
By Form
By Product Type
By Application
By Geography
The Market size is projected to reach USD 2.6 billion by 2031.
Rising awareness of hair and skin health are driving the Market in coming years, however, High cost of keratin treatments and products restraints the growth of the Market.
Parchem Fine And Specialty Chemicals, Inc., Kerline srl, BASF SE, NutriScience Innovations, LLC, Kelisema (S.R.L.), Active Concepts, LLC, BioOrganic Concepts, Greentech Biochemicals Co., Limited, Hefei TNJ Chemical Industry Co.,Ltd. and Croda International Plc
The expected CAGR of this Market is 5.8% from 2024 to 2031.
The Hydrolyzed Keratin segment led the Market by Product Type in 2023; thereby, achieving a market value of $1 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $993.8 million by 2031.
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