New York, United States, Oct. 25, 2022 (GLOBE NEWSWIRE) — Keratin is a crucial biochemical compound widely utilized in the formulation and production of various personal care products, particularly those designed for nails, skin, and hair. The burgeoning salon care and cosmetics industry in Latin America is significantly propelling the growth of the regional market. In the marketplace, two primary types of keratin products are available: Alpha-keratin and beta-keratin. Alpha-keratin is primarily a protein used to enhance the quality of hair, make nails stronger, and contribute to softer, wrinkle-free skin. Conversely, beta-keratin is rich in vitamin A and is known for promoting healthy skin and eyes. Additionally, keratin products find extensive applications in tissue culture and various biomedical fields due to their biocompatible and biodegradable properties.

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In-Depth Regional Market Insights

Mexico stands out as one of the top ten markets globally for cosmetics and personal care products. Within Latin America, it ranks as the second-largest market for beauty products. According to Euromonitor’s 2017 report, the consumption of cosmetics in Mexico has shown consistent growth over the last fifteen years, driven by a strengthening economy and an increasing variety of both domestic and imported brands available to consumers.

Mexico continues to attract major multinational corporations that have established both manufacturing and distribution facilities within the country, effectively using Mexico as a strategic distribution hub for the broader Latin American market. According to the National Chamber of the Cosmetics Industry in Mexico, the number of personal care brands in the country tripled between 2013 and 2019, indicating a robust growth trajectory in the sector.

The rising trend of grooming products among men, coupled with the surge in popularity of beards, has significantly increased the demand for hair care products within the nation. This category now represents approximately 20% of the total personal care market. Recently, there has been a notable boom in barbershops and specialty stores that cater specifically to men’s hair care needs and preferences. Additionally, the growing trend of hair extensions has gained traction among consumers, who now have access to a range of options from affordable low-quality synthetic extensions to high-end natural variants, further propelling market growth.

Comprehensive Report Overview

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Key Insights and Highlights from the Report

• The global keratin market size is projected to reach USD 2.03 billion by 2030, with a strong CAGR of 6% anticipated during the forecast period (2022-2030).
• In terms of American exports to China, the segment of hair goods is expected to grow at the highest rate.
• Industry giants such as Procter and Gamble and L’Oréal have consistently maintained their dominance in the hair and beauty products sector.
• The United States ranks as the world’s leading exporter of haircare goods.

Leading Companies in the Keratin Market

• 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 Breakdown: Understanding the Segments
By Type

• Alpha-Keratin
• Beta-Keratin

By Application

• Hair Beauty Salon
• Cosmetics
• Medical

Geographical Coverage for the Market Analysis

• North America
• Europe
• Asia-Pacific
• Central and South America and the Caribbean
• The Middle East and Africa

Detailed Table of Contents for the Report
1 Market Definition and Scope
1.1 Market Definition
1.2 Market Scope
2 Research Methodology Overview
2.1 Primary Research Techniques
2.2 Research Methodology Details
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary of Findings
4 Comprehensive Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Keratin Market
4.2.1 Vendor Matrix Overview
4.3 Key Market Trends and Insights
4.3.1 Drivers of Growth
4.3.2 Restraints Affecting Growth
4.3.3 Opportunities for Expansion
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 Products
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry in the Market
4.5 Environmental & Regulatory Landscape Overview
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario Overview
4.8 Parent Market Overview Insights
4.9 Technology Landscape and Innovations
4.10 Market Share Analysis and Trends
4.11 Potential Venture Analysis Opportunities
4.12 Regional Price Trends Analysis
4.13 Raw Material Trends and Insights
4.14 Cost Structure Analysis Overview
4.14.1 Labor Cost Analysis
4.14.2 Consumables Cost Analysis
4.14.3 Maintenance Cost Overview
5 Type Overview and Market Insights
5.1 Introduction to Types
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Alpha-Keratin Market Insights
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Beta-Keratin Market Insights
5.3.1 Market Size & Forecast (Value & Volume)
6 Application Overview and Insights
6.1 Introduction to Applications
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Hair Beauty Salon Application Insights
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Cosmetics Application Insights
6.3.1 Market Size & Forecast (Value & Volume)
6.4 Medical Application Insights
6.4.1 Market Size & Forecast (Value & Volume)
6.5 Feed and Food Industries Application Insights
6.5.1 Market Size & Forecast (Value & Volume)
6.6 Other Applications Insights
6.6.1 Market Size & Forecast (Value & Volume)
7 Regional Market Insights and Analysis
7.1 Introduction to Regions
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America Market Insights
7.2.1 Economic Overview of North America
7.2.2 Market Scenario Analysis
7.2.3 The U.S. Market Insights
7.2.3.1 By Type Analysis
7.2.3.2 By Application Analysis
7.2.4 Canada Market Insights
7.2.4.1 By Type Analysis
7.2.4.2 By Application Analysis
7.2.5 Mexico Market Insights
7.2.5.1 By Type Analysis
7.2.5.2 By Application Analysis
7.3 Central and South America and Caribbean Market Insights
7.3.1 Economic Overview
7.3.2 Market Scenario Analysis
7.3.3 Brazil Market Insights
7.3.3.1 By Type Analysis
7.3.3.2 By Application Analysis
7.3.4 Argentina Market Insights
7.3.4.1 By Type Analysis
7.3.4.2 By Application Analysis
7.3.5 Columbia Market Insights
7.3.5.1 By Type Analysis
7.3.5.2 By Application Analysis
7.3.6 The Rest of Central and South America and Caribbean Insights
7.3.6.1 By Type Analysis
7.3.6.2 By Application Analysis
7.4 Europe Market Insights
7.4.1 Economic Overview of Europe
7.4.2 Market Scenario Analysis
7.4.3 Germany Market Insights
7.4.3.1 By Type Analysis
7.4.3.2 By Application Analysis
7.4.4 France Market Insights
7.4.4.1 By Type Analysis
7.4.4.2 By Application Analysis
7.4.5 The U.K. Market Insights
7.4.5.1 By Type Analysis
7.4.5.2 By Application Analysis
7.4.6 Italy Market Insights
7.4.6.1 By Type Analysis
7.4.6.2 By Application Analysis
7.4.7 The Rest of Europe Market Insights
7.4.7.1 By Type Analysis
7.4.7.2 By Application Analysis
7.5 Asia-Pacific Region Market Insights
7.5.1 Economic Overview of APAC
7.5.2 Market Scenario Analysis
7.5.3 China Market Insights
7.5.3.1 By Type Analysis
7.5.3.2 By Application Analysis
7.5.4 Japan Market Insights
7.5.4.1 By Type Analysis
7.5.4.2 By Application Analysis
7.5.5 India Market Insights
7.5.5.1 By Type Analysis
7.5.5.2 By Application Analysis
7.5.6 Australia Market Insights
7.5.6.1 By Type Analysis
7.5.6.2 By Application Analysis
7.5.7 South Korea Market Insights
7.5.7.1 By Type Analysis
7.5.7.2 By Application Analysis
7.5.8 The Rest of APAC Market Insights
7.5.8.1 By Type Analysis
7.5.8.2 By Application Analysis
7.6 Middle East Market Insights
7.6.1 Economic Overview of the Middle East
7.6.2 Market Scenario Analysis
7.6.3 Saudi Arabia Market Insights
7.6.3.1 By Type Analysis
7.6.3.2 By Application Analysis
7.6.4 The UAE Market Insights
7.6.4.1 By Type Analysis
7.6.4.2 By Application Analysis
7.6.5 Qatar Market Insights
7.6.5.1 By Type Analysis
7.6.5.2 By Application Analysis
7.6.6 Oman Market Insights
7.6.6.1 By Type Analysis
7.6.6.2 By Application Analysis
7.6.7 Turkey Market Insights
7.6.7.1 By Type Analysis
7.6.7.2 By Application Analysis
7.6.8 The Rest of MEA Market Insights
7.6.8.1 By Type Analysis
7.6.8.2 By Application Analysis
7.7 Africa Market Insights
7.7.1 Economic Overview of Africa
7.7.2 Market Scenario Analysis
7.7.3 Nigeria Market Insights
7.7.3.1 By Type Analysis
7.7.3.2 By Application Analysis
7.7.4 South Africa Market Insights<br