The global keratin market size was valued at USD 1.2 billion in 2021 and is projected to reach USD 2.03 billion by 2030, with a remarkable growth rate of 6% CAGR during the forecast period from 2022 to 2030. Notably, the United States stands out as the world’s leading exporter of haircare products.
New York, United States, Oct. 25, 2022 (GLOBE NEWSWIRE) — Keratin is a vital biochemical component extensively utilized in the formulation and production of personal care items, particularly focusing on nails, skin, and hair. The rapid expansion of the salon care and cosmetic industry in Latin America significantly accelerates growth within this regional market. Currently, the market offers two primary categories of keratin products: alpha-keratin and beta-keratin. Alpha-keratin is predominantly employed for enhancing the quality of hair and nails while also softening and rejuvenating skin. On the other hand, beta-keratin is rich in vitamin A and is essential for promoting healthy skin and vision. Furthermore, keratin products are increasingly utilized in tissue culture and various biomedical applications due to their inherent biocompatibility and biodegradable properties.
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In-Depth Regional Market Analysis of the Keratin Industry
Mexico is recognized as one of the top ten global markets for cosmetics and personal care products, ranking as the second-largest market for beauty items in Latin America. According to Euromonitor’s 2017 report, the consumption of cosmetics in Mexico has experienced consistent growth over the past fifteen years, driven by a strengthening economy and the availability of a diverse range of both domestic and international brands.
Mexico continues to attract significant investments from multinational companies that have established manufacturing and distribution facilities within the country, making it a strategic distribution hub for Latin America. Reports from Mexico’s National Chamber of the Cosmetics Industry indicate that the number of Mexican personal care brands tripled between 2013 and 2019, demonstrating the robust growth of the sector.
The rising trend of grooming products among men, coupled with the newfound popularity of beards, has significantly increased the demand for hair care products in Mexico. This segment now accounts for approximately 20% of the total personal care market. In recent years, there has been a notable surge in the establishment of barbershops and specialty stores that cater specifically to men’s hair care needs. Additionally, the trend of hair extensions has gained immense popularity among consumers, who now have access to a wide array of options ranging from affordable synthetic products to premium natural hair extensions, further propelling market growth.
Comprehensive Report Scope on the Keratin Market
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Report Metric |
Details |
|
Market Size |
USD 2.03 billion by 2030 |
|
CAGR |
6% (2022-2030) |
|
Historical Data |
2019-2020 |
|
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 |
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Essential Highlights of the Keratin Market
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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).
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With respect to American exports to China, the demand for hair goods is expected to experience the fastest growth rate.
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Procter and Gamble and L’Oréal, two of the most recognized manufacturers in the hair and beauty products sector, have consistently maintained a dominant position in the industry.
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The United States remains the world’s top exporter of haircare goods.
Leading Companies in the Keratin Market
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Keratin Express
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Active Concepts LLC
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Keraplast Technologies LLC
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Making Cosmetics Inc.
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Rejuvenol
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Proteina
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Roxlor Group
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Akola Chemicals Limited
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Parchem fine & specialty chemicals
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Hefei TNJ Chemical Industry Co. Ltd
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Greentech
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BASF SE
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Clariant International Ltd.
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Keratin Market Segmentation and Insights
By Type
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Alpha-Keratin
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Beta-Keratin
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Hair Beauty Salon
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Cosmetics
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Medical
Regions Covered in the Keratin Market
TABLE OF CONTENT
1 Market Definition and Scope
1.1 Market Definition
1.2 Scope of the Market
2 Research Methodology Overview
2.1 Primary Research Methods
2.2 Research Methodology Details
2.3 Assumptions & Exclusions for Analysis
2.4 Secondary Data Sources Utilized
3 Executive Summary Highlights
4 Comprehensive Market Overview
4.1 Detailed Report Segmentation & Scope Insights
4.2 Value Chain Analysis of the Keratin Market
4.2.1 Vendor Matrix Overview
4.3 Identification of Key Market Trends
4.3.1 Key Drivers Influencing Market Growth
4.3.2 Market Restraints and Challenges
4.3.3 Emerging Opportunities
4.4 Porter’s Five Forces Analysis Insights
4.4.1 Supplier Bargaining Power Assessment
4.4.2 Buyer Bargaining Power Evaluation
4.4.3 Substitution Threat Analysis
4.4.4 New Entrants Threat Assessment
4.4.5 Competitive Rivalry Overview
4.5 Environmental & Regulatory Landscape Overview
4.6 Forecast Factors & Their Impact Analysis
4.7 Macro-Economic & Geopolitical Scenario Overview
4.8 Parent Market Overview Insights
4.9 Technology Landscape Insights
4.10 Market Share Analysis Insights
4.11 Potential Venture Analysis Overview
4.12 Regional Price Trends Insights
4.13 Raw Material Trends Overview
4.14 Cost Structure Analysis Overview
4.14.1 Labor Cost Assessment
4.14.2 Consumables Cost Analysis
4.14.3 Maintenance Cost Breakdown
5 Type Overview and Insights
5.1 Introduction to Types
5.1.1 Market Size & Forecast Overview (Value & Volume)
5.2 Market Insights on Alpha-Keratin
5.2.1 Market Size & Forecast Overview (Value & Volume)
5.3 Market Insights on Beta-Keratin
5.3.1 Market Size & Forecast Overview (Value & Volume)
6 Application Overview and Insights
6.1 Introduction to Applications
6.1.1 Market Size & Forecast Overview (Value & Volume)
6.2 Insights on Hair Beauty Salons
6.2.1 Market Size & Forecast Overview (Value & Volume)
6.3 Insights on Cosmetics
6.3.1 Market Size & Forecast Overview (Value & Volume)
6.4 Insights on Medical Applications
6.4.1 Market Size & Forecast Overview (Value & Volume)
6.5 Insights on Feed and Food Industries
6.5.1 Market Size & Forecast Overview (Value & Volume)
6.6 Insights on Other Applications
6.6.1 Market Size & Forecast Overview (Value & Volume)
7 Regional Market Overview Insights
7.1 Introduction to Regions
7.1.1 Market Size & Forecast Overview (Value & Volume)
7.2 North America Market Insights
7.2.1 Economic Overview and Insights
7.2.2 Market Scenario Analysis
7.2.3 U.S. Market Insights
7.2.3.1 By Type Insights
7.2.3.2 By Application Insights
7.2.4 Canada Market Insights
7.2.4.1 By Type Insights
7.2.4.2 By Application Insights
7.2.5 Mexico Market Insights
7.2.5.1 By Type Insights
7.2.5.2 By Application Insights
7.3 Central and South America Market Insights
7.3.1 Economic Overview and Insights
7.3.2 Market Scenario Analysis
7.3.3 Brazil Market Insights
7.3.3.1 By Type Insights
7.3.3.2 By Application Insights
7.3.4 Argentina Market Insights
7.3.4.1 By Type Insights
7.3.4.2 By Application Insights
7.3.5 Colombia Market Insights
7.3.5.1 By Type Insights
7.3.5.2 By Application Insights
7.3.6 The Rest of Central and South America Market Insights
7.3.6.1 By Type Insights
7.3.6.2 By Application Insights
7.4 Europe Market Insights
7.4.1 Economic Overview and Insights
7.4.2 Market Scenario Analysis
7.4.3 Germany Market Insights
7.4.3.1 By Type Insights
7.4.3.2 By Application Insights
7.4.4 France Market Insights
7.4.4.1 By Type Insights
7.4.4.2 By Application Insights
7.4.5 U.K. Market Insights
7.4.5.1 By Type Insights
7.4.5.2 By Application Insights
7.4.6 Italy Market Insights
7.4.6.1 By Type Insights
7.4.6.2 By Application Insights
7.4.7 The Rest of Europe Market Insights
7.4.7.1 By Type Insights
7.4.7.2 By Application Insights
7.5 Asia-Pacific (APAC) Market Insights
7.5.1 Economic Overview and Insights
7.5.2 Market Scenario Analysis
7.5.3 China Market Insights
7.5.3.1 By Type Insights
7.5.3.2 By Application Insights
7.5.4 Japan Market Insights
7.5.4.1 By Type Insights
7.5.4.2 By Application Insights
7.5.5 India Market Insights
7.5.5.1 By Type Insights
7.5.5.2 By Application Insights
7.5.6 Australia Market Insights
7.5.6.1 By Type Insights
7.5.6.2 By Application Insights
7.5.7 South Korea Market Insights
7.5.7.1 By Type Insights
7.5.7.2 By Application Insights
7.5.8 The Rest of APAC Market Insights
7.5.8.1 By Type Insights
7.5.8.2 By Application Insights
7.6 Middle East Market Insights
7.6.1 Economic Overview and Insights
7.6.2 Market Scenario Analysis
7.6.3 Saudi Arabia Market Insights
7.6.3.1 By Type Insights
7.6.3.2 By Application Insights
7.6.4 UAE Market Insights
7.6.4.1 By Type Insights
7.6.4.2 By Application Insights
7.6.5 Qatar Market Insights
7.6.5.1 By Type Insights
7.6.5.2 By Application Insights
7.6.6 Oman Market Insights
7.6.6.1 By Type Insights
7.6.6.2 By Application Insights
7.6.7 Turkey Market Insights
7.6.7.1 By Type Insights
7.6.7.2 By Application Insights
7.6.8 The Rest of MEA Market Insights
7.6.8.1 By Type Insights
7.6.8.2 By Application Insights
7.7 Africa Market Insights
7.7.1 Economic Overview and Insights
7.7.2 Market Scenario Analysis
7.7.3 Nigeria Market Insights
7.7.3.1 By Type
Sienna Blake is a licensed aesthetic consultant and beauty writer specializing in cosmetic surgery advancements and non-invasive treatments. With a background in dermatology and over eight years of industry experience, Sienna is passionate about helping people achieve confidence through informed beauty decisions. She holds a Bachelor's degree in Health Sciences and regularly collaborates with top plastic surgeons to stay at the forefront of aesthetic innovations. Outside of her work, Sienna enjoys traveling, skincare research, and practicing Pilates.