Panthenol is an essential nutrient, which helps in the synthesis and degradation of the fatty acids in our body. Panthenol is also known as provitamin B5 and is usually consumed in a combination with other vitamin B complex formulations. Panthenol naturally occurs in variety of foods and is also added to some cereals and beverages, owing to its nutritional value and healing effect on body tissues.
Market Outlook
The global panthenol market has witnessed a surge in market growth in the recent past, owing to its growing applications in the nutraceutical and cosmetics industry. Among regions, Europe and Asia Pacific are expected to account for a substantial market share, in terms of revenue over the forecast period. For instance, according to the India Brand Equity Foundation (IBEF), the beauty, cosmetic, and grooming market in India, is expected to reach US$ 20 billion by 2025 and thereby expected to drive demand for panthenol over the forecast period.
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Market Dynamics
The usage of clean-label products, i.e. food products which contains organic, natural and simple ingredients and no artificial ingredients and additives, is a flourishing trend among consumers across the globe. This has augmented the demand for panthenol in different end-use industries such as pharmaceutical, food & beverages, cosmetics, consumer goods, and others. Panthenol is widely used as an active ingredient for formulation of personal care products, especially in skin care cosmetics.
The global panthenol market is expected to gain further traction over the forecast period, owing to the rise in usage of panthenol as viable ingredient in food & beverage industry, for production of dietary supplements and nutritious food products. For instance, according to the Institute for Plant and Food Research, New Zealand, the global food & beverages industry was pegged at US$ 5.8 trillion in 2016 and is estimated to reach US$ 20 trillion by 2030 with 5% annual growth. This is expected to propel the market growth over the forecast period.
Key Players
Major companies operating in the global panthenol market include BASF SE, RITA Corporation, Jeen International, Xinfu Pharmaceutical, Koninklijke DSM N.V., Kunshan Tongde Chemical Inc., TRI-K Industries, and Anhui Huaheng Biotechnology Co., Ltd.
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According to a recent report published by Fact.MR, global sales of panthenol reached ~9000 tons in 2018, and are estimated to exhibit a Y-o-Y growth of 3.4% in 2019.
Nutritional profile and cosmetic value of panthenol will remain instrumental in boosting sales of panthenol in years to come.Get the Customized Report: https://www.factmr.com/connectus/sample?flag=RC_id=753The ‘healthier for you’ trend has been influencing consumer sentiments for a while, which is in turn accounting for the sales of various personal care and food & beverage products.
In line with greater preference for products with high-quality ingredients, manufacturers of cosmetic and personal care products are focusing on R of new and improved range of products.
As humectant properties of panthenol are proven, which continue to push its incorporation into a range of ointments for sunburns, as a moisturizer for skincare, and a multi-functional active ingredient for adding value to dietary supplements, the market is likely to witness significant growth in the future.Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=753D-Panthenol Remains Favored over DL-PanthenolD-panthenol continues to gain increasing demand as compared to DL-panthenol.
The report opines that the superior physical activity of the former in terms of skincare continues to promote its adoption over latter.
Accounting for ~85% revenue shares in the panthenol market revenues recorded in 2018, D-panthenol has been witnessing increasing applicability in a wide range of products, particularly in the skincare and hair care range.
The Panthenol Market research report elaborates on growth, size, current industry trends, and key players of the industry on the basis of in-depth data mining and industry analysis.
The content of the market study ensures intellectual insights giving a better understanding of the ideal opportunities in the Panthenol market.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Panthenol include BASF SE, Koninklijke DSM N.V., Kunshan Tongde Chemical Inc., TRI-K Industries, Hangzhou Xinfu Science and Technology, Anhui Huaheng Biotechnology Co., Ltd., Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report “Global PANTHENOL Market” at: https://www.valuemarketresearch.com/contact/panthenol-market/download-sampleMarket SegmentationThe broad Panthenol has been sub-grouped into the Source, Type, Form, End Users and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
