Panthenol Market, by Type (D-panthenol and DL-panthenol), by Application (Personal Care (Hair Care, Skin Care, Nail Care, Oral Care, and Eye Care), Baby Care, Food & Beverages, Animal Feed, and Pharmaceutical & Dietary Supplement), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028
The global panthenol market has witnessed a surge in market growth in the recent past, owing to its growing applications in the nutraceutical and cosmetics industry. Among regions, Europe and Asia Pacific are expected to account for a substantial market share, in terms of revenue over the forecast period. For instance, according to the India Brand Equity Foundation (IBEF), the beauty, cosmetic, and grooming market in India, is expected to reach US$ 20 billion by 2025 and thereby expected to drive demand for panthenol over the forecast period.