Panthenol Market : D-panthenol Continues to Gain Increasing DemandPosted by Preet on July 19th, 2019 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. In addition to the rapid expansion of beauty industry and increasing consumption by F&B industry operators, panthenol is likely to witness heightening demand owing to the growing consumer preference for medicinal products with a ‘cosmetic’ quotient. 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&rep_id=753 The ‘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&D of new and improved range of products. This, according to the report, is expected to form a strong base for the sales of panthenol in the forthcoming years. Fact.MR’s analysis suggests that the improving standard of living and the subsequent rise in per capita spending of consumers on personal care products have been underpinning sales of a wide range of additives that offer an added value to typical grooming products. Panthenol is anticipated to remain among the highly sought-after one in this category. Moreover, higher consumption of panthenol has been envisaged by manufacturers of cosmetic and male grooming products. Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=753 D-Panthenol Remains Favored over DL-Panthenol Amid rapid urbanization and strong growth in purchasing power, the cosmetic and personal care industry has been flourishing, especially in developing countries of East Asia, thereby registering significant demand for panthenol. Representing ~30% revenue share in 2018, East Asia continues to present lucrative growth opportunities to the panthenol market players. As panthenol is majorly produced in China and multiple European countries, the consolidation of panthenol in Europe and China is expected to play an important role in helping manufacturers achieve competitive edge. As per the study, panthenol has been extensively studied for its cosmetic use and innovations continue to gather pace as consumers are shifting their focus towards ‘value-added’ and ‘clean-label’ products. Expansion of product portfolio through strategic collaborations and partnerships with other stakeholders will remain a key developmental strategy of penthanol manufacturers over the course of next few years. Like it? Share it!More by this author |