Lanolin Market Growth to Be Worth USD 362.5 Million by 2027 | Reports And Data
iCrowd Newswire
10 Jul 2021, 08:30 GMT+10
The Global Lanolin market is projected to reach USD 362.5 million by 2027. Incisive growth in the personal care industry owing to the rising consumer base in the developing regions, higher consumer preference for the natural & organic ingredients, innovations in the value-added products have spurred the overall growth of this industry. A massive amount of revenue for the lanolin market is generated from the personal care applications, and enormous growth in such applications helps add to the market value largely.
In a positive outlook for pharmaceutical & baby care applications, lanolin, with its high usage, should drive market size enormously. The pharmaceutical sector engrosses hugely used applications of lanolin. Anhydrous lanolin for its emulsifying, stabilizing, emollient functionalities, is widely used in the medical or clinical applications. The lanolin helps in the wound healing process, delivers active ingredients or trans-dermal through the skin. Some other pharmaceutical usage includes pigmented medication, dispersing agent, topical product for the cutaneous infection, anti-microbial and disinfectant characteristics, among others.