DL-Panthenol Market Trends

Growth Drivers

• Escalating Use of Dietary Supplements across the World – Dietary supplements are used to balance the nutritional requirements of a body that are not provided by food. The most widely used dietary supplements are multivitamins, minerals, vitamins, and omega-3 fatty acids. Increasing diabetes, obesity, cholesterol, and rising risk of heart disorders across the world are estimated to drive market growth during the forecast period. As of 2021 more than 55% of adults in America aged 20 and above used dietary supplements with women using them at a higher rate than men.
• Growing Demand for ‘Value-Added’ Cosmetic Ingredients – The global cosmetic ingredients value between the years 2021 to 2025 was estimated to rise by about USD 4 billion.
• Increasing Demand for Food & Beverages Industry Globally – According to the estimations, more than 10% of people 50 years and above are estimated to indicate the signs of food and beverage addiction as of 2023.
• Rising Usage of Personal Care Products by People across the World – As per the estimations, the average woman in the United States utilizes more than 10 beauty personal care products per day as of 2020.

Challenges

• Low Cost of Alternatives Available in Place of DL-Panthenol – There are other alternatives for panthenol which include allantoin, urea, N-acetyl glucosamine, and others. These compounds also have humectant properties that help to hydrate the skin by moisturizing which is estimated to be the reason for the limitation of the market growth.
• High Doses are Expected to Cause Complications such as Diarrhea and Bleeding
• The Rising Interactions with Other Drugs including Donepezil, Galantamine, Rivastigmine, And Memantine Hydrochloride