Lanolin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by Application (Cosmetics and Personal care, Pharmaceuticals, Anti-corrosive Applications, Lubricants, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Lanolin in Revenue (USD million) for all the above segments.

Market Snapshot

Lanolin Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The Lanolin Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The Lanolin market is negatively impacted by COVID-19. The cosmetics market has been negatively impacted due to the COVID-19 pandemic. According to L'oreal, the cosmetics market's global revenue has fallen by 8% in the year 2020 compared to 2019 reaching out a total of EUR 213 billion. This fall is majorly due to the restrictions imposed by the government and the lockdown. As cosmetics is a supply-led market and due to the lockdown most of the salons were closed impacting professional products to decline sharply. After the relaxation of the lockdown and most of the companies speeding up the manufacturing is an encouraging sign for the market.

  • Over the short term, the increasing demand for skin care cosmetics along with increasing usage for pharmaceutical purposes are driving the market growth.
  • Side effects and replacement of lanolin with other substitutes are expected to hinder the market growth.
  • Asia-Pacific dominated the lanolin market across the globe with the largest consumption in countries such as India, China, etc.

Scope of the Report

Lanolin is a fatty substance found on sheep's wool. Lanolin is extracted as a yellowish viscous mixture of esters and used as a base for ointments and cosmetics. The Lanolin Market is segmented by Application and geography. By application, the market is segmented into cosmetics and personal care, pharmaceuticals, anti-corrosive applications, lubricants, and other applications. The report also covers the market size and forecasts for the lanolin market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Cosmetics and Personal care
Anti-corrosive Applications
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand from Cosmetics and Personal Care Industry

  • Lanolin has been increasingly used as a complex mixture and self-emulsifying producing agent over time. Lanolin finds its applications in creams, moisturizers, lipstick, concealer eyeliner, makeup remover, shaving cream, hair removal cream, hair conditioner, and body wash.
  • Formulations made of lanolin mixtures are used as body creams and lotions to lock in moisture and prevent water loss and act as lubricants on the skin surface which gives the skin a smooth appearance.
  • Lanolin is also used in various hair products such as hair removal cream, hair conditioner, hair spray, and pet shampoos amongst others.
  • Lanolin has the unique property of absorbing twice its weight of water and has physical properties such as increasing adhesion to dry skin and forming protective films on the skin and lips.
  • According to L'oreal, in the year 2020, global cosmetics market was worth over EUR 213 billion, with skin care contributing about 42%. During 2020, skin care products had a positive growth on the market and was a leading contributor to the cosmetics market.
  • Hair textures vary from person to person, and so do the hair- and scalp-related issues. Some people might have damaged or dry hair, while others must deal with breakage and hair fall problems.
  • These properties of lanolin make it attractive for usage for consumers from colder as well as hotter regions which in turn is expected to drive the market for lanolin through the years to come.
Lanolin Market Segmentation Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the global market owing to the highly developed cosmetics sector in China, India, Japan, and Korea coupled with the continuous investments done in the region to advance the pharmaceutics sector through the years.
  • Asia-Pacific region accounts for over 43% of the global cosmetics market in the year 2020, the regional sales during 2020 in the Asia-Pacific stood around EUR 105 billion. Japan, China, Korea, and India are leading the cosmetics market in the Asia-Pacific region.
  • Moreover, the growing temperatures issues in the Asia-Pacific with most of the population getting affected with various skin diseases and increased the need for various medical attention in the country is increasing the demand for lanolin in various applications.
  • According to Cosmetics Design, Europe, the demand for premium skin and hair care products in Asia-Pacific is higher lately, compared to previous years. Products like cleansers, moisturizers, balms, shampoos, conditioners, and dyes have increased demand and witnessed decent growth in recent years.
  • Growing awareness for the healthcare and selfcare in the emerging markets such as India, Malasia, Indonasia will boost the lanolin market in the region.
  • Indian pharmaceutical sector is expected to grow to USD 100 billion by the year 2025. According to Centre for Monitoring Indian Economy about 240 tons of creams and lotions are produced in India and expected grow during the forecasted period. The growth in pharmaceuticas in India may boost the lanolin market in the region as it is used in the manufacturing of ointments, creams and lotions.
  • Growing skin issues and increasing demand for such applications requires advanced skin and hair care products to protect from the outside environment. Continuous differences in temperatures among the Asian population are expected to drive the market for lanolin through the years to come.
Lanolin Market - Regional Trends

Competitive Landscape

The global lanolin market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Croda International Plc, The Lubrizol Corporation, Nippon Fine Chemical, Zhejiang Garden Biochemical High-Tech Co., Ltd, and NK Chemicals, amongst others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Applications in Skin Care Products

      2. 4.1.2 Growing Demand for Pharmaceuticals

    2. 4.2 Restraints

      1. 4.2.1 Side Effects and Replacement by Other Substitutes

      2. 4.2.2 Impact of COVID-19 on the Market

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Application

      1. 5.1.1 Cosmetics and Personal care

      2. 5.1.2 Pharmaceuticals

      3. 5.1.3 Anti-corrosive Applications

      4. 5.1.4 Lubricants

      5. 5.1.5 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) Analysis**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Croda International Plc

      2. 6.4.2 Lanotec

      3. 6.4.3 Lansinoh Laboratories, Inc.

      4. 6.4.4 The Lubrizol Corporation

      5. 6.4.5 Merck KGaA

      6. 6.4.6 Nippon Fine Chemical

      7. 6.4.7 NK Chemicals

      8. 6.4.8 Rolex Lanolin Products Limited

      9. 6.4.9 Suru Chemicals

      10. 6.4.10 Wellman Advanced Materials

      11. 6.4.11 Yixin Chemical Co.,Ltd

      12. 6.4.12 Zhejiang Garden Biochemical High-Tech Co.,Ltd

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Hair Care Products

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Lanolin Market market is studied from 2016 - 2026.

The Lanolin Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Croda International Plc, The Lubrizol Corporation, Nippon Fine Chemical, Zhejiang Garden Biochemical High-Tech Co.,Ltd, NK Chemicals are the major companies operating in Lanolin Market.

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