- The allantoin market is experiencing steady growth as it is widely used in personal care and cosmetic products, such as moisturizers and skin healing products, due to its soothing and healing properties
- The demand for allantoin is increasing in the pharmaceutical industry for its use in wound care and skin treatments, contributing to its widespread adoption across different sectors
- North America is expected to dominate the allantoins market due to its well-established personal care and pharmaceutical industries, high consumer demand for skincare products, and increasing preference for natural and organic ingredients
- Asia-Pacific is expected to be the fastest growing region in the allantoin market during the forecast period due to rising urbanization, increasing awareness about skincare, and the growing middle class seeking affordable personal care and healthcare products
- Cosmetics/Personal Care segment is expected to dominate the market with a market share of 33.3% due to its increasing demand for soothing, moisturizing, and anti-inflammatory properties in skincare products
