1 Melanin (CAS 8049-97-6) Market Introduction by Type
Based on type, the Melanin are primarily split into Natural and Synthesis.
Table Types of Melanin
Types | Description |
Natural | Natural refers to melanin produced by isolation and extraction from living things, such as animals, plants and microorganisms. The largest producers are marine cephalopods, which is expelled out by Sepia as a defense strategy against their adversaries. Plants are another source, in which the vegetable melanin are obtained by a chemically treated process, whereby a vegetable crude material-containing polymers or monomeric units of the flavonoids is processed to extract melanin. Another key source of melanin is microorganisms (bacteria and fungus). |
Synthesis | Synthetic refers to the production of melanin through chemical synthesis. In chemical synthesis, polydopamine, which shares some properties with natural melanin due to their similar functional groups such as catechol, amine and imine groups, is synthesized via oxidative polymerization of dopamine. |
2 Global Melanin (CAS 8049-97-6) Market Sales Volume by Type (2018-2023)
Global sales of melanin of synthesis type show a clear upward trend from 782.4 Kg in 2018 to 1024.5 Kg in 2023 on a yearly basis. The sales grow to 838.9 Kg in 2019, continue to grow to 883.0 Kg in 2020, and then reach in 2021 to 949.4 Kg and sales of 972.3 Kg in 2022, approaching the 1,000 Kg milestone. It finally surpassed the 1,000 Kg mark in 2023, achieving sales of 1,024.5 Kg. This growth trend reflects the increasing demand for synthetic melanin in the market, which is likely to be driven by advancements in synthesis technology, improved cost-effectiveness, and growing demand in applications such as pharmaceuticals and cosmetic industries. The compound annual growth rate (CAGR) of 6.43% during this period augurs well for the popularity and growth potential of synthetic melanin in the global market. This growth momentum is expected to continue in the coming years as synthetic melanin production technology continues to develop and application areas expand.
Natural type melanin have shown a steady upward trend with year-on-year growth from 279.9 Kg in 2018 to 370.6 Kg in 2023. The sales of natural type melanin, grew to 300.8 Kg in 2019 and continued to grow in 2020 to 317.6 Kg, followed by 343.0 Kg in 2021 and 351.6 Kg in 2022. Finally in 2023, sales of natural type melanin were around 370.6 Kg, the highest since 2018. This growth trend reflects the growing market demand for natural-sourced melanin, which may be driven by increasing consumer preference for natural products, concerns over synthetic chemicals, and rising demand for environment-friendly and sustainable products. The market performance of natural melanin not only reflects the rising health and environmental awareness among consumers across the globe, but also demonstrates the quest for high-quality natural ingredient products. With technological advancements and further development of consumer preferences, market sales of natural melanin are expected to continue to grow.
Table Global Melanin (CAS 8049-97-6) Sales (Kg) by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Synthesis | 782.4 | 838.9 | 883.0 | 949.4 | 972.3 | 1024.5 |
Natural | 279.9 | 300.8 | 317.6 | 343.0 | 351.6 | 370.6 |
Total | 1062.3 | 1139.7 | 1200.6 | 1292.4 | 1323.8 | 1395.1 |
3 Global Melanin (CAS 8049-97-6) Sales Growth Rate by Type (2018-2023)
For Synthesis type Melanin, its global sales growth rate exhibits a fluctuating upward trend between 2018 and 2023. Specifically, the growth rate of 7.22% between 2018 and 2019 shows an initial increase in the demand for Synthesis Melanin in the market. Subsequently, the growth rate declined slightly to 5.25% between 2019 and 2020, but rose to 7.52% between 2020 and 2021, indicating a further increase in market demand. The growth rate slowed down to 2.45% between 2021 and 2022, and rebounded to 5.37% between 2022 and 2023, reflecting that the synthetic Melanin market, after a After a slight adjustment, the demand is growing again. Overall, synthetic Melanin is growing at a compound annual growth rate (CAGR) of 7.06%, a trend that is likely to be positively impacted by technological advancements in synthetic Melanin, improved cost-effectiveness, and increased demand across multiple applications. With the continuous development of synthetic technology and expansion of application scope, the market sales of synthetic Melanin are expected to continue to grow at a good pace.
For Natural type of Melanin, its global sales growth rate is similarly showing a fluctuating upward trend between 2018 and 2023.The growth rate of 7.49% between 2018 and 2019 indicates that the market demand for Natural Melanin is beginning to grow. The growth rate of 5.58% between 2019 and 2020 The growth rate increased to 8.00% between 2020 and 2021, further confirming the increasing demand for natural Melanin in the market. However, the growth rate slows down to 2.45% from 2021 to 2022 and then picks up to 5.40% from 2022 to 2023, suggesting that the market demand for natural Melanin is growing again after a slight adjustment. Overall, natural Melanin is growing at a compound annual growth rate (CAGR) of 5.79%, a trend that is likely to be driven by increasing consumer preference for natural products, decreasing concerns about synthetic chemicals, and rising demand for environmentally friendly and sustainable products. With the growing consumer demand for natural ingredient products and the increasing use of natural Melanin in beauty and personal care products, the market volume of natural Melanin is expected to continue its growth trend.
Figure Global Melanin (CAS 8049-97-6) Sales (Kg) Growth Rate of Synthesis (2018-2023)
Figure Global Melanin (CAS 8049-97-6) Sales (Kg) Growth Rate of Natural (2018-2023)
4 Global Melanin (CAS 8049-97-6) Sales Forecast by Type (2023-2030)
Synthesis type of Melanin global sales forecast shows that from 1024.5 kg in 2023, the sales volume will increase every year until it reaches 1584.3 kg in 2030. In 2024, the sales volume is projected to increase to 1085.3 kg, indicating that the market demand for synthesized Melanin is beginning to rise. Subsequently, sales are projected to increase to 1,153.8 kg in 2025 and further to 1,242.6 kg in 2026, indicating a steadily growing demand for synthetic Melanin in the market. By 2027, sales are projected to reach 1,315.4 kg, increasing to 1,391.7 kg in 2028, approaching the 1,400 kg milestone, while sales are expected to increase to 1,483.0 kg in 2029, approaching the 1,500 kg mark. Eventually in 2030, sales are expected to grow significantly to 1584.3 kg, reflecting the growth potential and demand trend for synthetic Melanin in the global market. Overall, global sales of Melanin of Synthesis type are expected to grow from 1024.5 kg in 2023 to 1584.3 kg in 2030, at a compound annual growth rate (CAGR) of 6.43%, a growth trend that may be positively impacted by technological advancements in Synthesis Melanin, improved cost-effectiveness, and increased demand in applications such as pharmaceuticals, beauty industry, and others. increasing positive impact.
Global sales of Melanin of Natural type are projected to grow annually from 370.6 kg in 2023 and are expected to reach 583.0 kg by 2030. In 2024, sales are projected to grow to 393.6 kg showing an initial growth in the market demand for Melanin of Natural. By 2025, sales are expected to grow further to 419.8 kg, while in 2026, it is expected to reach 454.1 kg, indicating a steady growth in the market demand for natural Melanin. In 2027, sales are expected to increase to 481.1 kg, approaching the 500 kg mark, indicating a continuous rise in the market demand for natural Melanin. In 2028, the sales are projected to reach 509.2 kg, while in 2029 it is expected to grow further to 544.0 kg, close to 550 kg. Eventually in 2030, sales are expected to grow significantly to 583.0 kg, reflecting the growth potential and demand trend for Natural Melanin in the global market. Overall, the global sales of Melanin of Natural type is expected to grow from 370.6 kg in 2023 to 583.0 kg in 2030, at a compound annual growth rate (CAGR) of 6.69%. This growth trend is likely to be driven by increasing consumer preference for natural products, decreasing concerns about synthetic chemicals, and rising demand for environmentally friendly and sustainable products. This growth trend is expected to continue in the coming years with the growing consumer demand for natural ingredient products and the increasing use of natural Melanin in beauty and personal care products. The market performance of natural Melanin not only reflects the rising health and environmental awareness among consumers worldwide, but also demonstrates the quest for high-quality natural ingredient products.
Table Global Melanin (CAS 8049-97-6) Market Sales (Kg) Forecast, by Type
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
Synthesis | 1024.5 | 1085.3 | 1153.8 | 1242.6 | 1315.4 | 1391.7 | 1483.0 | 1584.3 |
Natural | 370.6 | 393.6 | 419.8 | 454.1 | 481.1 | 509.2 | 544.0 | 583.0 |
Total | 1395.1 | 1478.9 | 1573.6 | 1696.7 | 1796.5 | 1900.9 | 2027.0 | 2167.3 |
5 Global Melanin (CAS 8049-97-6) Market Revenue and Market Share by Type (2018-2023)
Synthesis type of melanin generated global revenue of $7.83 Million in 2018, which accounted for 78.41% of the total market share, highlighting its dominant position in the market. In the subsequent years, revenues grew yearly, reaching $8.90 million in 2019, with a slight decline in market share to 78.37%; In 2020, revenues increased to $9.71 million, with a market share of approximately 78.32%; In 2021, revenues climbed to $11.11 million, with a still slight decline in market share to 78.25%, and the revenues grew further to 12.32 million in 2022, maintaining a market share of 78.24%; by 2023, revenues reach $13.62 million, with a market share stabilizing at 78.23%, further consolidating its leadership position in the global market.
The revenue and market share of melanin of natural type in the global market shows a year-on-year growth. In 2018, melanin of natural type generated a global revenue of USD 2.16 million and accounted for 21.59% of the total market share. In subsequent years, both revenue and market share increased, with revenue increasing to $2.46 million and market share edging up to 21.63% in 2019; The revenue increasing to $2.69 million and market share increasing to 21.68% in 2020, and then revenue reaching $3.09 million and market share increasing to 21.75% in 2021; In 2022 the revenue increasing to $3.43 million and the market share continues to increase to 21.76%; by 2023, the revenue of this category reaches US$ 3.79 Million with a market share of 21.77%.
Table Global Melanin (CAS 8049-97-6) Revenue (M USD) by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Synthesis | 7.83 | 8.90 | 9.71 | 11.11 | 12.32 | 13.62 |
Natural | 2.16 | 2.46 | 2.69 | 3.09 | 3.43 | 3.79 |
Total | 9.99 | 11.36 | 12.39 | 14.20 | 15.75 | 17.42 |
Table Global Melanin (CAS 8049-97-6) Revenue Market Share by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Synthesis | 78.41% | 78.37% | 78.32% | 78.25% | 78.24% | 78.23% |
Natural | 21.59% | 21.63% | 21.68% | 21.75% | 21.76% | 21.77% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
