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Allantoin Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
" The global allantoin market value is expected to
exceed USD 641.7 million by 2024 growing at an
estimated CAGR of over 6% from 2016 to 2024."
The global Allantoin Market is anticipated to grow at a CAGR of over 6 % from 2016 to 2024 on account of the
growing demands from various industries such as cosmetics, oral hygiene etc. Moreover, rising scope of
applications of allantoin in the pharmaceutical products, such as eye drops and skin care creams, is also
expected to drive the market growth during the forecast period. The global market is categorized as
applications and regions.
The applications sector of the allantoin market includes cosmetics, pharmaceutical, and oral hygiene. The global
market for allantoin was dominated by cosmetics sector in 2015. It is further expected to grow as a result of
growing consumer awareness concerning potential benefits of the products. Plus, rapid urbanization along with
the growing disposable income levels is also said to spur the sector growth during the estimated years. The
pharma sector is also expected to have huge gains at over 6 % from 2016 to 2024. The growing customer
awareness concerning general well-being is anticipated to boost the growth of the pharmaceutical sector in the
near future.
Browse Details of Report @ https://www.hexaresearch.com/research-report/allantoin-market
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