Chemical industry reports 2024 Allantoin Industry Outlook and Forecasts

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Allantoin Market Share, Size, Analysis, Growth, Regional Outlook,
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.
Oral hygiene sector is likely to grow at a CAGR of over 7 % during the forecast period. The rising global oral care
industry is likely to propel the product demands in the sector. Several other applications include its usage in
agrochemicals and nutraceuticals. In addition, increasing agrochemicals demands and the rising demands for
food & beverages with high nutritional content are also likely to spur the market growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/allantoin-market
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