Expansion of Keratin Products Market Expected at 6.5% Annual Growth Rate Until 2034
The Keratin Products Market is poised for significant growth, with its market size expected to increase from approximately USD 4.82 billion in 2024 to USD 10.93 billion by 2034, representing a compound annual growth rate (CAGR) of 8.54% over the forecast period [1].
Broad Applications Drive Market Growth
The rising demand for keratin products is driven by their wide usage in various sectors, particularly in DNA/RNA extraction and diagnostic kits, indicating strong applicability in biotechnology and healthcare [1]. Keratin products are also popular in the health and beauty industry, with consumer trends favoring natural and effective protein-based treatments.
Technological advancements in protein therapeutics and engineering, including synthetic biology, enhance product efficacy and broaden application scopes, indirectly supporting keratin product growth. Growing consumer awareness about hair and skin health, coupled with ongoing product development, boosts market expansion.
Impact on the Global Economy
The nearly doubling of the market size by 2034 suggests robust industrial growth that can stimulate sectors including cosmetics, biotechnology, and pharmaceuticals. Expansion in diagnostic and therapeutic technologies linked to keratin-related products may lead to enhancements in healthcare outcomes and associated economic benefits.
Growth in these industries can contribute to job creation, innovation, and investment, especially in regions with strong biotech and cosmetic sectors. The Asia Pacific (APAC) region, which currently holds a commanding share of 45.60% in the keratin products market and generated revenue of approximately USD 1.8 billion in 2024, is expected to benefit significantly from this growth.
Key Players and Innovations
Cliove Organics released a 100% organic keratin hair serum, free from parabens and sulfates. Henkel AG & Co. KGaA introduced a Keratin Repair Shampoo & Mask and researches keratin-infused heat protectants. Unilever PLC introduced a sulfate-free formula for its Tresemmé Keratin Smooth line and invests in biodegradable keratin packaging.
Keratin Complex launched Blonde Reviving Treatment, a keratin-based product for color-treated blonde hair, and introduced a vegan keratin alternative. L'Oreal S.A. expanded its keratin-based hair care range with Elvive Hyaluron + Plump and focuses on sustainable sourcing of keratin.
Sustainability and Future Prospects
Over 40 million tonnes of poultry feathers are produced globally each year, with less than 10% currently valorized for keratin extraction. The National Bio-Energy Mission in India promotes the conversion of agricultural waste into value-added products, such as keratin proteins.
Pilot projects integrating keratin hydrolysates in microbial fuel cells are exploring electricity and biohydrogen production. The International Energy Agency (IEA) projects that waste-derived biogas could yield nearly 1 trillion m3 of natural gas equivalent annually.
As the Keratin Products Market continues to grow, it is crucial to prioritise sustainability and responsible waste management. The potential for waste-derived biogas production offers a promising avenue for a more sustainable future for the industry.
[1] Market Research Report, Global Keratin Products Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2034. Accessed on March 21, 2023. URL: [redacted for privacy]
Technology and data-and-cloud-computing play a significant role in driving growth within the Keratin Products Market. Advancements in technology, particularly in protein therapeutics and engineering, improve product efficacy and widen application scopes, thus indirectly supporting growth in the Keratin Products Market (Key Players and Innovations). In addition, data analysis and cloud computing platforms can help companies in this market optimize production, manage supply chain, and better understand consumer preferences (unsaid, but implied).
