Periodic Reporting for period 1 - KERASOL (Functional Keratin Kerasol)
Reporting period: 2019-10-01 to 2020-02-29
On the other hand, keratin has been used for a decade in cosmetics as an additive to skin and hair care products, but due to current extraction technology that uses very aggressive methods, the protein is denatured resulting in non-functional keratin and therefore without the expected bioavailability.
At Royal Triumph we have identified the business opportunity behind such problems and have managed to develop the solution by means of a pilot keratin processing plant KERASOL with a high degree of innovation that makes a by-product, considered a waste, be used as a raw material that can be transformed into an additive for cosmetic products desirable by consumers. KERASOL is a safe, cost-effective and environmentally-friendly system for the collection, processing and transformation of pig hair and nails into bioactive soluble keratin hydrolysate with high added value for use in the cosmetics industry and as an additive in laundry detergents. This will have a great impact on the world keratin market, valued at 10,740 t in 2018, which is estimated to increase by more than 45% in the next 10 years.
The study covered the technological feasibility, market trends, and definition of the KERASOL business model. Samples have been obtained and field tests have been carried out with great success on the functionalities and physical-chemical characteristics of the final product. The needs of the different segments of end-users and potential customers have been studied, which has led us to adapt the technological level to be developed and the business model by evaluating its risks and defining action plans. The work plan associated with the second phase of the project has been defined for the scalability of the plant, as well as the investment required for its execution. We have determined the functions to be carried out within our work team to complete the next phase of the project and the external collaborations required in the same. In our business plan, we have foreseen sales for the next 5 years after the end of the project in Europe and worldwide thereafter.
With our safe, profitable and environmentally-friendly system for collecting, processing and transforming pig hair and hooves ready for introduction into the industrial cosmetic and laundry care markets, Royal Triumph's sales and net profit will grow continuously, opening up new regional/national / international markets already interested in the use of keratin from pigs, and its use as an additive for cosmetic and detergent products.