Demand for Panthenol Favored by Mounting Consumer Inclination towards Sophisticated Cosmetic Products, reports Fact.MR

Tuesday, 20. August 2019 14:57

Rockville, MD, Aug. 20, 2019 (GLOBE NEWSWIRE) -- The current trends across the global panthenol market have been accurately analyzed and presented through this research study published by Fact.MR. The assessment is titled “Panthenol Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029”, which spotlights the emerging prospects in the cosmetic industry, such as ‘medicinally’ active functional products that are projected to pave a strong path for panthenol market growth. This report serves as a convenient data source enlightening readers about the expected developments in the global panthenol market, together with other market dynamics.

According to research findings, global sales of panthenol surpassed ~9000 tons in 2018, and are projected to exhibit 3.4% Y-o-Y growth in 2019. Apart from the robust expansion of the beauty industry as well as rising consumption by F&B industry operators, the demand for panthenol is anticipated to witness amplifying push due to rising consumer preference for medicinal products containing a ‘cosmetic’ quotient. Interestingly, nutritional profile merged with cosmetic worth of panthenol will continue to function as an instrumental motivator towards sales in the following years. As per report insights, the global panthenol market is expected to record ~5% CAGR during the period 2019-2029.

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D-Panthenol Receives Higher Preference over DL-Panthenol

According to this intelligent report, D-panthenol maintains its high demand status as compared to DL-panthenol. The superior physical activity associated to the former concerned with skincare continues to motivate its adoption over the latter. D-panthenol accounted ~85% revenue shares in the panthenol market in 2018. This product type has experienced increased applicability, particularly in the skincare and hair care sector. Furthermore, D-panthenol has been standardized as a safe nutrient to be used in animal feed and medicines, thereby, enhancing its demand.  

East Asia Pronounced as Flourishing Market for Panthenol

Due to rapid urbanization and sturdy growth in purchasing power, the personal care and cosmetic industry is bolstering, especially across developing countries of East Asia. Such inclinations have been positively supporting the market for panthenol, thereby, representing ~30% revenue share managed by East Asia in 2018. Since, panthenol is widely produced in China and various European countries, the association of panthenol in Europe and China is likely to prove crucial in helping manufacturers accomplish a competitive advantage.

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Diversification of Panthenol Usage Strengthening Market Hold

It is evident that the utilization of panthenol stays prominent in personal care products; however, manufacturers are diversifying its prospects in other application sectors like pharmaceuticals, baby care products and dietary supplements. The emerging trend including food fortification and cosmeceuticals have proven advantageous to panthenol manufacturers and suppliers. With the surging demand for dietary and nutritional supplements, the global panthenol market is likely to experience greater revenues in the coming years.

The report concludes with a stern outlook towards the competitive landscape active across the global panthenol market. It has been mentioned that the leading players, such as BASF SE, Yifan Pharmaceuticals, Royal DSM and Xinfa Pharmaceutical, cooperatively account close to 50-60% market share. Each of the companies included in the report are carefully investigated in terms of product portfolio, sales footprint, SWOT analysis and strategy overview.

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