Lanolin is an essential ingredient for the human skin, largely used in formulating ointments for protection, treatment, and cosmetic enhancement. Its hydrophobic properties aid in protecting the skin against different types of infections or skin irritations—sealing the skin's natural moisture. Apart from lanolin's extensive use in distinct moisturizing and antipruritic applications, it is further utilized in other sectors including construction, electrical, marine, agribusinesses, automotive & transportation, and mining in terms of enhancing surface functions. The global lanolin market has been projected to clock a revenue of USD 362.5 million in 2027, rising from an estimated worth of USD 236.2 million in 2019. The growth is to occur at a CAGR of 5.4%.