Home > Food & Beverages > Nutraceuticals > Vitamins > Panthenol Market

Panthenol Market Trends

Report ID: GMI11589
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Panthenol Market Trends

Current trends in the panthenol industry include the rising consumer preference for clean-label and natural products, driving brands to incorporate panthenol for its skin and hair benefits. The demand for multifunctional ingredients that provide multiple benefits in a single product is also gaining momentum. Upcoming trends are expected to focus on the integration of panthenol into innovative formulations targeting specific consumer concerns, such as aging and sensitivity.

Additionally, the growing popularity of personalized beauty and wellness products will likely lead to tailored formulations featuring panthenol, enhancing its appeal. Sustainability will continue to be a key driver, influencing sourcing and production practices.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of panthenol reached USD 107.1 million in 2023 and is projected to grow at a 4.2% CAGR from 2024 to 2032, driven by its diverse applications across industries such as cosmetics, personal care, pharmaceuticals, and food and beverages.

The dexpanthenol segment is projected to reach USD 101 million by 2032, maintaining a 4.2% CAGR. Its increasing incorporation into a wide range of cosmetic and personal care products is driven by its proven efficacy in improving skin hydration and hair manageability.

The cosmetics segment is anticipated to cross USD 47.89 million, achieving a 4.4% CAGR through 2032. The demand for clean, natural, and multifunctional products is driving this growth, with consumers favoring formulations that offer tangible benefits without harmful additives.

The European market is projected to grow at a 4.2% CAGR, reaching USD 46.81 million revenue by 2032 driven by increasing consumer awareness of natural ingredients and a strong emphasis on sustainable and eco-friendly formulations in Western Europe.

Leading players in the industry include BASF SE, DSM, Yifan Pharmaceutical Co., Ltd., Xinfa Pharmaceutical Co., Ltd, Croma-Pharma GmbH, TRI-K Industries, Inc., Merck KGaA, Jiangxi Tongde Chemical Technology Co., Ltd., RITA Corporation, and Jeen International.