Panthenol is the alcohol analog of Panthenoic Acid and a provitamin used as a precursor to convert vitamin B5, it is an odorless, slightly bitter, highly viscous, transparent, and colorless liquid at room temperature. According to BlueQuark Research & Consulting, the global Panthenol market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Panthenol for making personal care products due to its moisturizing, nourishing, and skin hydration properties are expected to drive the global market. Further, the use of Panthenol in the cosmetic industry for the manufacture of products like mascara, foundation, lipsticks, and other formulations is projected to drive the global Panthenol market. Furthermore, the use of Panthenol for manufacturing pharmaceuticals due to its properties like anti-inflammatory, wound healing, skin barrier repair, and the fortification of several food products used in the production of supplements for B5 is expected to drive the global Panthenol market. However, the factors like environmental concerns related to the use and production of Panthenol and fluctuating raw material prices are projected to hinder the global market growth.
Panthenol is used to manufacture thousands of personal care and cosmetic products, including baby lotion, bath products, eye makeup, fragrances, hair care products, nail care products, suntan lotion, and other items, including pharmaceutical products.
The personal care products industry is the biggest consumer of Panthenol and is projected to drive the global market. With the growing inclination of modern consumers towards personal care and grooming, the demand for cosmetics and personal care products has increased rapidly, thereby fueling demand for Panthenol Globally. Unique properties like anti-aging and increasing skin barrier to scale hydration associated with Panthenol are expected to drive its demand globally.The Procter & Gamble Companyposted fiscal 2021 USD 76.1 Billion, a 7 percent year-on-year increase in net sales, showing the industry's growth despite the pandemic. Further, the use of Panthenol in hair care due to its properties like moisturizing characteristics enhancing elasticity and reducing moisture to keep the strands healthy is projected to strengthen the demand for Panthenol. Furthermore, many tattoo artists recommend Panthenol-based creams as an effective post-tattooing moisturizing cream, which is likely to open new growth areas of the global Panthenol market. The pantothenic acid deficiency results in symptoms like depression, insomnia, restlessness, fatigue, deterioration of the skin, paresthesia in extremities, neurological symptoms, gastrointestinal complaints, and weakening of immune function. Thus the adequate consumption of Panthenol for the pantothenic acid conversion is crucial for healthy living. Therefore the use of Panthenol in the Personal Care industry is expected to grow and drive the overall market in the future.
Some of the market's key players areBASF SE,Jeen International Corporation,Koninklijke DSM N.V.,Croma Pharma,TRI-K Industriesamong others.
Asia-Pacific region is expected to be the leader in the production and consumption of Panthenol, with most of the consumption in countries like China and India. The demand for personal care products, cosmetics, and pharmaceuticals is enormous in the region since more than half of the world’s population lives there. Further,Unilever PLCposted sales of EUR 12.3 Billion in the first quarterly results of 2021, showing significant signs of growth. The growth and demand for products, such as Panthenol-based body moisturizing lotions, sunscreen lotions & creams, and make-up products for men and women, fuel the growth of the Asia-Pacific cosmetics market. Furthermore, the rapidly increasing processed food industry, nutrition products, and animal feed products are creating a strong demand for Panthenol in the market, which is used to combat vitamin B5 deficiency. The global panthenol market is witnessing significant growth due to an increase in health and wellness-conscious population and an increase in nutrient deficiency. A rise in concern about animal welfare and nutrition is further fuelling the Panthenol market growth. Factors like these have made Asia-Pacific an essential region for growth in the Panthenol market.
In May 2021,Croma Pharmalaunched new Panthenol-based skincare products.
In March 2020,DSM Personal Carelaunched a vitamin-rich Panthenol for personal care products and further researched Panthenol.
Global Panthenol Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Panthenol market by segmenting based on the Type (D-Panthenol, DL-Panthenol), Application (Personal Care Products, Cosmetics, Pharmaceuticals, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.