New York, United States, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Keratin is a biochemical that is used in developing and producing personal care products, specifically for nails, skin, and hair. The rising of the salon care and cosmetic industry in Latin America accelerates the regional market growth. There are two types of keratin products available in the market, alpha-keratin products and beta-keratin products. Alpha-keratin is a type of protein that is mostly used for hair, nails, and making skin soft and wrinkle-free. Beta–keratin provides vitamin A and is used for healthy skin and eyes. Keratin products are used in tissue culture and have several biomedical applications due to biocompatible and biodegradable nature.
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Regional Analysis
Mexico is amongst the top ten markets in the world for cosmetics and personal care products. In Latin America, it is the second-largest market for beauty products. As per the Euromonitor 2017, the consumption of cosmetics in Mexico has grown consistently over the past one and a half decades, owing to the strengthening economy and availability of a variety of both domestic and imported brands.
Mexico continues to lure massive multinational companies that have established both manufacturing and distribution facilities in-country and use Mexico as their distribution center for Latin America. As per Mexico’s National Chamber of the Cosmetics Industry, in the year 2019, the number of Mexican personal care brands rose by three times since 2013.
Rising adoption of grooming products among men and the sudden popularity of beard has surged the demand for hair care products in the country. It represents 20% of the total personal care market. In the past few years, there has been a boom in barbershops and specialty stores that caters to products specifically developed for men and their hair care needs. Furthermore, hair extensions have set quite a trend among consumers that now has access to both affordable low-quality synthetic options and high-end natural hair extensions, further driving the market growth.
Report Scope
| Report Metric | Details |
| Market Size | USD 2.03 billion by 2030 |
| CAGR | 6% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Keratin Express, Active Concepts LLC, Keraplast Technologies LLC, Making Cosmetics Inc., Rejuvenol, Proteina, Roxlor Group, Akola Chemicals Limited, Parchem fine & specialty chemicals, Hefei TNJ Chemical Industry Co. Ltd, Greentech, BASF SE, Clariant International Ltd. |
| Key Market Opportunities | Rise in the technological advancements in beauty salon sector |
| Key Market Drivers | Rising Use of Keratin in Hair Care Products Rapidly growing end-use demand, along with the drastic change in lifestyles |
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Key Highlights
- The global keratin market size is projected to reach USD 2.03 billion by 2030, growing at a CAGR of 6% during the forecast period (2022-2030).
- Regarding American exports to China, hair goods are predicted to rise at the quickest rate.
- Procter and Gamble and L'Oréal, two of the most well-known manufacturers of hair and beauty products, have consistently dominated the industry.
- The United States is the world's top exporter of haircare goods.
Key Players
- Keratin Express
- Active Concepts LLC
- Keraplast Technologies LLC
- Making Cosmetics Inc.
- Rejuvenol
- Proteina
- Roxlor Group
- Akola Chemicals Limited
- Parchem fine & specialty chemicals
- Hefei TNJ Chemical Industry Co. Ltd
- Greentech
- BASF SE
- Clariant International Ltd.
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Keratin Market: Segmentation
By Type
- Alpha-Keratin
- Beta-Keratin
By Application
- Hair Beauty Salon
- Cosmetics
- Medical
- Feed and Food Industries
Regions Covered
- North America
- Europe
- Asia-Pacific
- Central and South America and the Caribbean
- The Middle East and Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Keratin Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environmental & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
5 Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Alpha-Keratin
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Beta-Keratin
5.3.1 Market Size & Forecast (Value & Volume)
6 Application Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Hair Beauty Salon
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Cosmetics
6.3.1 Market Size & Forecast (Value & Volume)
6.4 Medical
6.4.1 Market Size & Forecast (Value & Volume)
6.5 Feed and Food Industries
6.5.1 Market Size & Forecast (Value & Volume)
6.6 Others
6.6.1 Market Size & Forecast (Value & Volume)
7 Regional Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America
7.2.1 Economic Overview
7.2.2 Market Scenario
7.2.3 The U.S.
7.2.3.1 By Type
7.2.3.2 By Application
7.2.4 Canada
7.2.4.1 By Type
7.2.4.2 By Application
7.2.5 Mexico
7.2.5.1 By Type
7.2.5.2 By Application
7.3 Central and South America and the Caribbean
7.3.1 Economic Overview
7.3.2 Market Scenario
7.3.3 Brazil
7.3.3.1 By Type
7.3.3.2 By Application
7.3.4 Argentina
7.3.4.1 By Type
7.3.4.2 By Application
7.3.5 Columbia
7.3.5.1 By Type
7.3.5.2 By Application
7.3.6 The Rest of Central and South America and the Caribbean
7.3.6.1 By Type
7.3.6.2 By Application
7.4 Europe
7.4.1 Economic Overview
7.4.2 Market Scenario
7.4.3 Germany
7.4.3.1 By Type
7.4.3.2 By Application
7.4.4 France
7.4.4.1 By Type
7.4.4.2 By Application
7.4.5 The U.K.
7.4.5.1 By Type
7.4.5.2 By Application
7.4.6 Italy
7.4.6.1 By Type
7.4.6.2 By Application
7.4.7 The Rest of Europe
7.4.7.1 By Type
7.4.7.2 By Application
7.5 Asia-Pacific (APAC)
7.5.1 Economic Overview
7.5.2 Market Scenario
7.5.3 China
7.5.3.1 By Type
7.5.3.2 By Application
7.5.4 Japan
7.5.4.1 By Type
7.5.4.2 By Application
7.5.5 India
7.5.5.1 By Type
7.5.5.2 By Application
7.5.6 Australia
7.5.6.1 By Type
7.5.6.2 By Application
7.5.7 South Korea
7.5.7.1 By Type
7.5.7.2 By Application
7.5.8 The Rest of APAC
7.5.8.1 By Type
7.5.8.2 By Application
7.6 The Middle East
7.6.1 Economic Overview
7.6.2 Market Scenario
7.6.3 Saudi Arabia
7.6.3.1 By Type
7.6.3.2 By Application
7.6.4 The UAE
7.6.4.1 By Type
7.6.4.2 By Application
7.6.5 Qatar
7.6.5.1 By Type
7.6.5.2 By Application
7.6.6 Oman
7.6.6.1 By Type
7.6.6.2 By Application
7.6.7 Turkey
7.6.7.1 By Type
7.6.7.2 By Application
7.6.8 The Rest of MEA
7.6.8.1 By Type
7.6.8.2 By Application
7.7 Africa
7.7.1 Economic Overview
7.7.2 Market Scenario
7.7.3 Nigeria
7.7.3.1 By Type
7.7.3.2 By Application
7.7.4 South Africa
7.7.4.1 By Type
7.7.4.2 By Application
7.7.5 The Rest of Africa
7.7.5.1 By Type
7.7.5.2 By Application
8 Competitive Landscape — Manufacturers & Suppliers
8.1 Competition Dashboard
8.2 Industry Structure
8.3 Keratin Express
8.3.1 Business Overview
8.3.2 Financial Performance
8.3.3 Recent Developments
8.3.4 Product Portfolio
8.4 Active Concepts LLC
8.4.1 Business Overview
8.4.2 Financial Performance
8.4.3 Recent Developments
8.4.4 Product Portfolio
8.5 Keraplast Technologies LLC
8.5.1 Business Overview
8.5.2 Financial Performance
8.5.3 Recent Developments
8.5.4 Product Portfolio
8.6 Making Cosmetics Inc.
8.6.1 Business Overview
8.6.2 Financial Performance
8.6.3 Recent Developments
8.6.4 Product Portfolio
8.7 Rejuvenol
8.7.1 Business Overview
8.7.2 Financial Performance
8.7.3 Recent Developments
8.7.4 Product Portfolio
8.8 Proteina
8.8.1 Business Overview
8.8.2 Financial Performance
8.8.3 Recent Developments
8.8.4 Product Portfolio
8.9 Roxlor Group
8.9.1 Business Overview
8.9.2 Financial Performance
8.9.3 Recent Developments
8.9.4 Product Portfolio
8.10 Akola Chemicals Limited
8.10.1 Business Overview
8.10.2 Financial Performance
8.10.3 Recent Developments
8.10.4 Product Portfolio
8.11 Parchem Fine & Specialty Chemicals
8.11.1 Business Overview
8.11.2 Financial Performance
8.11.3 Recent Developments
8.11.4 Product Portfolio
8.12 Hefei TNJ Chemical Industry Co. Ltd
8.12.1 Business Overview
8.12.2 Financial Performance
8.12.3 Recent Developments
8.12.4 Product Portfolio
8.13 Greentech
8.13.1 Business Overview
8.13.2 Financial Performance
8.13.3 Recent Developments
8.13.4 Product Portfolio
8.14 BASF SF
8.14.1 Business Overview
8.14.2 Financial Performance
8.14.3 Recent Developments
8.14.4 Product Portfolio
8.15 Clariant International Ltd.
8.15.1 Business Overview
8.15.2 Financial Performance
8.15.3 Recent Developments
8.15.4 Product Portfolio
9 Conclusion & Recommendation
10 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/keratin-market/toc
News Media
Mexico to Spearhead North America’s Keratin Market
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