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Marked 6 months 6 days ago onto Global Allantoin Market showing Compound annual growth rate and forecast till 2025

$4 150.00

Source: https://www.adroitmarketresearch.com/industry-reports/allantoin-market

The global allantoin market revenue is estimated to reach USD 778.1 million. Growing demand as a vital ingredient in cosmetics and pharmaceutical products is expected to augment the global allantoin market size over the projected period.

According to the Voluntary Cosmetic Ingredient Reporting Program (VCRP), allantoin is consumed in more than 1300 cosmetic products. In addition, government support for the use of allantoin in pharmaceutical and cosmetics are expected to increase market reach. For instance, the Japanese Ministry of Health, Labor and Welfare has accepted allantoin as a medicinal ingredient and to be used in the cosmetics industry. Growing penetration in toothpaste, cosmetic creams, shampoos, mouthwashes, lotions, lipsticks, and anti-acne products for the purpose of improving the smoothness of skin, healing wounds, and soothing irritated skin is expected to drive the global allantoin market share in cosmetics and pharmaceutical sectors over the coming years.

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