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Panthenol Market

ID: MRFR/CnM/26850-HCR
111 Pages
Chitranshi Jaiswal
October 2025

Panthenol Market Research Report By Application (Personal Care, Pharmaceuticals, Food and Beverage, Industrial), By Grade (Cosmetic Grade, Pharmaceutical Grade, Technical Grade), By Form (Liquid, Powder, Paste), By Source (Chemical Synthesis, Plant Extraction), By End Use Industry (Skincare, Haircare, Cosmetics, Pharmaceuticals, Food) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Panthenol Market Summary

As per MRFR analysis, the Panthenol Market Size was estimated at 1.608 USD Billion in 2024. The Panthenol industry is projected to grow from 1.701 in 2025 to 2.976 by 2035, exhibiting a compound annual growth rate (CAGR) of 5.75 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Panthenol Market is experiencing robust growth driven by evolving consumer preferences and technological advancements.

  • The demand for natural ingredients in personal care products is rising, particularly in North America, which remains the largest market.
  • Asia-Pacific is emerging as the fastest-growing region, fueled by increasing consumer interest in clean beauty trends.
  • The personal care segment dominates the market, while the pharmaceutical segment is witnessing rapid growth due to heightened health awareness.
  • Key market drivers include the growth of the personal care sector and increasing consumer awareness of skin health, which are shaping product development.

Market Size & Forecast

2024 Market Size 1.608 (USD Billion)
2035 Market Size 2.976 (USD Billion)
CAGR (2025 - 2035) 5.75%

Major Players

BASF SE (DE), Evonik Industries AG (DE), Croda International Plc (GB), Ashland Global Holdings Inc. (US), Hawkins Inc. (US), Hubei Nanjin Pharmaceutical Co., Ltd. (CN), Zhejiang Jianfeng Chemical Co., Ltd. (CN), Hengshui Huitong Chemical Co., Ltd. (CN)

Panthenol Market Trends

The Panthenol Market is currently experiencing a notable evolution, driven by increasing consumer awareness regarding personal care and cosmetic products. This compound, known for its moisturizing and soothing properties, is gaining traction in various applications, including hair care, skin care, and pharmaceuticals. As consumers become more discerning about ingredient transparency and efficacy, the demand for Panthenol Market is likely to rise. Furthermore, the trend towards natural and organic formulations appears to bolster the market, as Panthenol Market is often perceived as a safer alternative to synthetic additives. In addition, the Panthenol Market is witnessing a shift towards innovative product formulations. Manufacturers are exploring new delivery systems and combinations with other beneficial ingredients to enhance the overall effectiveness of their offerings. This trend suggests a growing emphasis on multifunctional products that cater to diverse consumer needs. As the market continues to evolve, it may also see increased competition among brands striving to differentiate themselves through unique formulations and sustainable practices. Overall, the Panthenol Market seems poised for growth, reflecting broader trends in consumer preferences and industry innovation.

Rising Demand for Natural Ingredients

There is a growing preference among consumers for products containing natural ingredients. This trend is influencing the Panthenol Market, as consumers seek formulations that are perceived as safer and more effective. Manufacturers are responding by incorporating Panthenol Market into their products, aligning with the demand for clean beauty.

Focus on Multifunctional Products

The Panthenol Market is increasingly characterized by a focus on multifunctional products. Brands are developing formulations that combine Panthenol Market with other beneficial ingredients, catering to consumers' desire for products that address multiple concerns, such as hydration, repair, and protection.

Sustainability in Product Development

Sustainability is becoming a critical factor in product development within the Panthenol Market. Companies are exploring eco-friendly sourcing and production methods, reflecting a broader commitment to environmental responsibility. This trend may enhance brand loyalty among consumers who prioritize sustainable practices.

Panthenol Market Drivers

Expansion of E-commerce Platforms

The Panthenol Market is witnessing a transformation due to the expansion of e-commerce platforms. The rise of online shopping has made it easier for consumers to access a wide range of personal care products, including those containing panthenol. E-commerce platforms provide consumers with the convenience of comparing products, reading reviews, and making informed purchasing decisions. Market data indicates that online sales of personal care products are expected to grow significantly, with projections suggesting a CAGR of around 10% over the next few years. This shift towards online retail is likely to enhance the visibility of panthenol-containing products, allowing brands to reach a larger audience. Consequently, the growth of e-commerce is anticipated to play a crucial role in driving the demand for panthenol in the Panthenol Market.

Growth of the Personal Care Sector

The Panthenol Market is poised for growth, largely due to the expansion of the personal care sector. As the global population becomes more beauty-conscious, the demand for personal care products is escalating. Panthenol Market, known for its ability to improve hair and skin texture, is increasingly being utilized in shampoos, conditioners, and lotions. Market data indicates that the personal care segment is expected to witness a compound annual growth rate (CAGR) of over 5% in the coming years. This growth is attributed to the rising preference for products that offer multifunctional benefits, such as hydration and nourishment. Consequently, manufacturers are likely to enhance their formulations with panthenol to meet consumer expectations, thereby driving the Panthenol Market forward.

Rising Popularity of Clean Beauty Trends

The Panthenol Market is significantly influenced by the rising popularity of clean beauty trends. Consumers are increasingly seeking products that are free from harmful chemicals and are formulated with natural ingredients. Panthenol Market, being a naturally derived compound, aligns well with this trend, as it is perceived as safe and effective. The clean beauty movement has prompted brands to reformulate their products, incorporating panthenol to appeal to health-conscious consumers. Market analysis suggests that the clean beauty segment is expanding rapidly, with a projected growth rate of approximately 8% annually. This shift towards transparency and ingredient integrity is likely to bolster the demand for panthenol in various personal care and cosmetic products, thereby enhancing the overall Panthenol Market.

Technological Advancements in Formulation

The Panthenol Market is benefiting from technological advancements in formulation techniques. Innovations in product development are enabling manufacturers to create more effective and stable formulations that incorporate panthenol. These advancements allow for improved delivery systems, enhancing the bioavailability of panthenol in cosmetic and personal care products. As a result, consumers are likely to experience better outcomes, such as enhanced hydration and skin repair. Furthermore, the integration of panthenol into advanced formulations is expected to attract a broader consumer base, including those seeking high-performance products. The ongoing research and development efforts in the cosmetic industry suggest a promising future for panthenol, as brands strive to leverage these technologies to meet evolving consumer demands in the Panthenol Market.

Increasing Consumer Awareness of Skin Health

The Panthenol Market is experiencing a notable surge in consumer awareness regarding skin health. As individuals become more informed about the benefits of various ingredients, the demand for products containing panthenol is likely to rise. This vitamin B5 derivative is recognized for its moisturizing and healing properties, making it a preferred choice in skincare formulations. According to recent data, the skincare segment is projected to account for a substantial share of the market, driven by consumers seeking effective solutions for skin hydration and repair. The increasing prevalence of skin-related issues further propels the demand for panthenol, as consumers gravitate towards products that promise enhanced skin health. This trend suggests that brands incorporating panthenol into their offerings may gain a competitive edge in the Panthenol Market.

Market Segment Insights

By Application: Personal Care (Largest) vs. Pharmaceuticals (Fastest-Growing)

In the Panthenol Market, the application segment is diverse, with Personal Care holding a significant market share due to its extensive use in cosmetics and skincare products. This segment has been a longstanding leader, driven by consumer demand for moisturizing agents and skin-enhancing properties. Following closely, the Pharmaceuticals segment is acquiring attention, attributed to the rising incorporation of Panthenol Market in various therapeutic formulations, solidifying its relevance in both personal and healthcare applications. Growth in the Application segment reflects shifting consumer preferences towards multifunctional ingredients. The Personal Care sector is expected to continue to thrive, propelled by trends favoring natural and effective formulations. Meanwhile, the Pharmaceuticals segment is gaining momentum due to an increased focus on health and wellness, driving innovations that highlight Panthenol Market’s healing properties and safety for topical applications.

Personal Care (Dominant) vs. Pharmaceuticals (Emerging)

The Personal Care application of Panthenol Market remains dominant due to its multifaceted role in enhancing skin hydration, elasticity, and overall appearance. This segment caters to a growing consumer base that prioritizes effective yet gentle cosmetic solutions. As preferences shift towards clean beauty, Personal Care formulations incorporating Panthenol Market stand out for their proven results. Conversely, the Pharmaceuticals segment is emerging as a significant player, showcasing the versatility of Panthenol Market as a therapeutic compound. Its ability to promote wound healing and skin barrier restoration has led to increased adoption in topical treatments, reinforcing its value in health-oriented applications. This duality highlights the adaptability of Panthenol Market, supporting diverse market needs across applications.

By Grade: Cosmetic Grade (Largest) vs. Pharmaceutical Grade (Fastest-Growing)

In the Panthenol Market, the distribution among segment values reveals that Cosmetic Grade Panthenol Market holds the largest share, catering primarily to the skincare and beauty industry. It is widely utilized in products ranging from moisturizers to hair conditioners, capitalizing on growing consumer demand for effective beauty ingredients. Meanwhile, Pharmaceutical Grade Panthenol Market is gaining traction, despite holding a smaller share, as it is increasingly used in medicinal formulations, driving its popularity.

Cosmetic Grade (Dominant) vs. Pharmaceutical Grade (Emerging)

Cosmetic Grade Panthenol Market is characterized by its high purity and efficacy, making it essential in various personal care formulations that emphasize skin hydration and nourishment. It has established itself as the dominant segment, with a strong foothold in the cosmetic industry due to its multifunctional benefits. On the other hand, Pharmaceutical Grade Panthenol Market is emerging rapidly, driven by an increase in demand for health and wellness products. It is recognized for its calming and healing properties, making it suitable for topical applications in healthcare. The differentiation between these grades ensures that both segments can coexist and thrive in the expanding Panthenol Market.

By Form: Liquid (Largest) vs. Powder (Fastest-Growing)

The Panthenol Market showcases a diverse range of forms, with Liquids leading the pack as the largest segment. Liquid Panthenol Market accounts for a significant portion of the market share, driven by its versatility in both cosmetic and pharmaceutical applications. Powdered Panthenol Market, while smaller in scale, is rapidly gaining traction due to its stability and ease of formulation, appealing to manufacturers looking for convenience and efficiency in production processes.

Liquid (Dominant) vs. Powder (Emerging)

Liquid Panthenol Market is recognized for its superior absorption properties, making it a favorite among cosmetic formulators for skin and hair care products. This form is generally preferred for its effectiveness and ease of use in various formulations. Conversely, Powdered Panthenol Market is emerging in the market owing to its long shelf life and reduced transportation costs. Its compatibility with a range of formulations makes it attractive for new entrants in the beauty and healthcare industries, capturing the attention of manufacturers seeking innovative and sustainable solutions.

By Source: Chemical Synthesis (Largest) vs. Plant Extraction (Fastest-Growing)

In the Panthenol Market, the source segmentation reveals a significant share commanded by Chemical Synthesis, which has been a long-standing method for producing this compound due to its efficiency and scalability. Plant Extraction, while smaller in market share, is gaining traction as consumers become increasingly aware of natural ingredients in health and beauty products. This shift in preference has led to a notable uptick in demand for Panthenol Market derived from plant sources, aligning with broader trends toward sustainability and plant-based formulations.

Source: Chemical Synthesis (Dominant) vs. Plant Extraction (Emerging)

Chemical Synthesis has established itself as the dominant source of Panthenol Market, driven by its wide availability, cost-effectiveness, and consistent quality. It meets the needs of large-scale industries such as cosmetics and pharmaceuticals that prioritize mass production. Meanwhile, Plant Extraction is emerging as a sought-after alternative, appealing to environmentally conscious consumers and brands focusing on natural product lines. This extraction method, though currently less prominent, is on an upward trajectory as innovations in extraction technologies enhance yield efficiency and the purity of the end product, aligning with the growing trend toward natural and organic ingredients.

By End Use Industry: Skincare (Largest) vs. Haircare (Fastest-Growing)

The Panthenol Market is witnessing a diverse distribution of market share among various end-use industries. Skincare is recognized as the largest segment, relying on Panthenol Market for its moisturizing and healing properties that enhance skin health. In contrast, Haircare has emerged as a fast-growing segment, leveraging the benefits of Panthenol Market to promote hair strength, shine, and overall health, catering to increasing consumer demand for effective hair products.

Skincare: Dominant vs. Haircare: Emerging

The Skincare segment stands out as the dominant force in the Panthenol Market, primarily due to its extensive application in creams, serums, and lotions aimed at improving skin hydration and elasticity. With consumers increasingly seeking products with natural ingredients, Skincare brands are incorporating Panthenol Market to enhance their formulations. On the other hand, the Haircare segment is characterized as emerging, quickly gaining momentum due to innovation in hair care formulations capitalizing on the nourishing effects of Panthenol Market. This trend reflects a shift towards specialized treatments that address common hair concerns, ensuring the segment is poised for substantial growth in the upcoming years.

Get more detailed insights about Panthenol Market

Regional Insights

North America : Market Leader in Panthenol Market

North America is the largest market for Panthenol Market, accounting for approximately 40% of the global share. The region's growth is driven by increasing demand in the cosmetics and personal care sectors, alongside rising consumer awareness regarding skin and hair health. Regulatory support for safe cosmetic ingredients further propels market expansion, with stringent guidelines ensuring product safety and efficacy. The United States leads the North American market, supported by key players such as BASF SE and Ashland Global Holdings Inc. The competitive landscape is characterized by innovation and product diversification, with companies focusing on sustainable sourcing and eco-friendly formulations. Canada also contributes significantly, with a growing emphasis on natural ingredients in personal care products, enhancing the overall market dynamics.

Europe : Innovation and Sustainability Focus

Europe is the second-largest market for Panthenol Market, holding around 30% of the global share. The region's growth is fueled by a strong emphasis on sustainability and innovation in personal care products. Regulatory frameworks, such as the EU Cosmetics Regulation, promote the use of safe and effective ingredients, driving demand for Panthenol Market in various applications, including skincare and haircare products. Leading countries in this region include Germany, France, and the UK, where major players like Evonik Industries AG and Croda International Plc are based. The competitive landscape is marked by a focus on research and development, with companies investing in new formulations that cater to consumer preferences for natural and organic products. This trend is expected to continue, further solidifying Europe's position in the Panthenol Market.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is witnessing rapid growth in the Panthenol Market, accounting for approximately 25% of the global share. The region's expansion is driven by increasing disposable incomes, urbanization, and a growing middle class that is more inclined towards personal care and cosmetic products. Additionally, favorable regulatory environments in countries like China and India are encouraging market growth by promoting the use of safe and effective ingredients. China and India are the leading countries in this region, with a significant presence of local manufacturers such as Hubei Nanjin Pharmaceutical Co., Ltd. and Zhejiang Jianfeng Chemical Co., Ltd. The competitive landscape is evolving, with both domestic and international players vying for market share. The focus on product innovation and affordability is key to capturing the growing consumer base in this dynamic market.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region is emerging as a potential market for Panthenol Market, holding about 5% of the global share. The growth is primarily driven by increasing awareness of personal care products and a rising demand for high-quality cosmetic ingredients. Regulatory bodies in the region are beginning to establish guidelines that promote the use of safe and effective ingredients, which is expected to catalyze market growth in the coming years. Countries like South Africa and the UAE are leading the market, with a growing number of local manufacturers entering the space. The competitive landscape is characterized by a mix of established international players and new entrants focusing on innovative formulations. As consumer preferences shift towards natural and organic products, the demand for Panthenol Market is anticipated to rise, presenting significant opportunities for market expansion.

Panthenol Market Regional Image

Key Players and Competitive Insights

The Panthenol Market is currently characterized by a dynamic competitive landscape, driven by increasing consumer demand for personal care and cosmetic products that feature moisturizing and healing properties. Key players such as BASF SE (Germany), Evonik Industries AG (Germany), and Ashland Global Holdings Inc. (United States) are strategically positioned to leverage their extensive research and development capabilities to innovate and expand their product offerings. These companies are focusing on sustainability and digital transformation, which are becoming essential in meeting consumer expectations and regulatory requirements. The collective strategies of these firms contribute to a moderately fragmented market structure, where innovation and product differentiation are critical for maintaining competitive advantage.

In terms of business tactics, companies are increasingly localizing manufacturing to enhance supply chain efficiency and reduce operational costs. This approach not only allows for quicker response times to market demands but also aligns with sustainability goals by minimizing transportation emissions. The competitive structure of the Panthenol Market appears to be moderately fragmented, with several key players exerting influence through strategic partnerships and collaborations, thereby enhancing their market presence and operational capabilities.

In August 2025, BASF SE (Germany) announced the launch of a new line of sustainable Panthenol products derived from renewable resources. This strategic move underscores the company's commitment to sustainability and positions it favorably in a market that increasingly values eco-friendly ingredients. By investing in sustainable sourcing, BASF SE not only meets regulatory demands but also appeals to environmentally conscious consumers, potentially increasing its market share.

In September 2025, Evonik Industries AG (Germany) expanded its production capacity for Panthenol at its facility in Germany. This expansion is indicative of the company's strategy to meet the growing global demand for high-quality cosmetic ingredients. By enhancing production capabilities, Evonik Industries AG aims to solidify its position as a leading supplier in the Panthenol Market, ensuring that it can respond effectively to customer needs and market trends.

In July 2025, Ashland Global Holdings Inc. (United States) entered into a strategic partnership with a leading skincare brand to develop innovative formulations that incorporate Panthenol. This collaboration highlights Ashland's focus on innovation and its commitment to providing tailored solutions for its clients. Such partnerships are likely to enhance Ashland's product portfolio and strengthen its competitive position in the market.

As of October 2025, the Panthenol Market is witnessing trends that emphasize digitalization, sustainability, and the integration of artificial intelligence in product development. Strategic alliances are increasingly shaping the competitive landscape, allowing companies to pool resources and expertise to drive innovation. Looking ahead, it appears that competitive differentiation will evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability, as companies strive to meet the ever-changing demands of consumers and regulatory frameworks.

Key Companies in the Panthenol Market market include

Industry Developments

Key factors driving growth include increasing demand for skincare and hair care products, rising awareness of the benefits of panthenol, and growing disposable income in emerging markets.

Recent news developments in the Panthenol Market include:

BASF invests in a new panthenol production site in China to meet growing demand in the Asia-Pacific region.

Evonik launches a new panthenol derivative, Provitamin B5 Cationic, for use in hair care applications.

Lonza expands its panthenol production capacity to meet increasing demand from the pharmaceutical industry.

Key market players include BASF, Evonik, Lonza, DSM, and Merck. These companies are investing in research and development to expand their product portfolios and meet the evolving needs of consumers.

Future Outlook

Panthenol Market Future Outlook

The Panthenol Market is projected to grow at a 5.75% CAGR from 2024 to 2035, driven by increasing demand in cosmetics, pharmaceuticals, and personal care products.

New opportunities lie in:

  • Expansion into emerging markets with tailored formulations
  • Development of eco-friendly Panthenol Market derivatives
  • Strategic partnerships with cosmetic brands for exclusive product lines

By 2035, the Panthenol Market is expected to achieve robust growth and enhanced market presence.

Market Segmentation

Panthenol Market Form Outlook

  • Liquid
  • Powder
  • Paste

Panthenol Market Grade Outlook

  • Cosmetic Grade
  • Pharmaceutical Grade
  • Technical Grade

Panthenol Market Source Outlook

  • Chemical Synthesis
  • Plant Extraction

Panthenol Market Application Outlook

  • Personal Care
  • Pharmaceuticals
  • Food and Beverage
  • Industrial

Panthenol Market End Use Industry Outlook

  • Skincare
  • Haircare
  • Cosmetics
  • Pharmaceuticals
  • Food

Report Scope

MARKET SIZE 2024 1.608(USD Billion)
MARKET SIZE 2025 1.701(USD Billion)
MARKET SIZE 2035 2.976(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.75% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Market analysis in progress
Segments Covered Market segmentation analysis in progress
Key Market Opportunities Growing demand for natural ingredients in cosmetics drives innovation in the Panthenol Market.
Key Market Dynamics Rising demand for natural ingredients drives innovation and competition in the Panthenol market across various sectors.
Countries Covered North America, Europe, APAC, South America, MEA

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FAQs

What is the projected market valuation of the Panthenol Market by 2035?

The Panthenol Market is projected to reach a valuation of 2.976 USD Billion by 2035.

What was the market valuation of the Panthenol Market in 2024?

In 2024, the Panthenol Market had a valuation of 1.608 USD Billion.

What is the expected CAGR for the Panthenol Market during the forecast period 2025 - 2035?

The expected CAGR for the Panthenol Market during the forecast period 2025 - 2035 is 5.75%.

Which companies are considered key players in the Panthenol Market?

Key players in the Panthenol Market include BASF SE, Evonik Industries AG, Croda International Plc, and Ashland Global Holdings Inc.

What are the main application segments of the Panthenol Market?

The main application segments of the Panthenol Market include Personal Care, Pharmaceuticals, Food and Beverage, and Industrial.

How did the Cosmetic Grade segment perform in 2024?

In 2024, the Cosmetic Grade segment of the Panthenol Market was valued at 0.9 USD Billion.

What is the projected value of the Pharmaceutical Grade segment by 2035?

The Pharmaceutical Grade segment is projected to reach a value of 0.8 USD Billion by 2035.

What forms of Panthenol are available in the market?

The available forms of Panthenol in the market include Liquid, Powder, and Paste.

What is the expected growth for the Skincare end-use industry segment by 2035?

The Skincare end-use industry segment is expected to grow to 0.9 USD Billion by 2035.

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