13th November 2019 – The global ceramide market size is expected to value at USD 360.4 million by 2022. The market is subject to witness a substantial growth due to the growing need for anti-aging and environmental protection cosmetics products are expected to fuel the overall market growth. Other factors driving the growth of the market include varying lifestyle, growing geriatric population in both developed and developing economies across the globe.
Increasing demand for skin-care and cosmetics products from Asia-Pacific region is predicted to boost market demand for ceramide industry during the forecast period. Globally, the ceramide market is predicted to grow at CAGR of 5.4% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Changing lifestyle especially among young population and increasing demand form geriatric population due to skin-aging problems are predicted to propel the growth of ceramide industry in the upcoming years. Additionally, rising female workforce, thus escalating demand for cosmetics and skin-care products is considered as one of the prominent growth factors in the recent years for the ceramide market.
Synthetic ceramides are largely utilized for production of the conventional cosmetics and skin care products due to their cost-effectiveness and easy availability. The recent technological developments in the bi-technology coupled with development of novel products in the cosmetics and skin-care industry are predicted to foster market growth over the forecast period.
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Additionally, shifting focus towards the organic cosmetic and skin care products is expected to drive market expansion as well. Organic cosmetic and skin products involving green technological solutions like that of natural occurring raw materials for production of ceramides is estimated to expand market in the upcoming years.
Increasing use of the ceramide in the various application such as functional foods, toiletries, and medical treatment is anticipated to widen the market reach in near future. Increase in demand from Asia Pacific, Latin America, and Middle East region due to increasing personal disposable income and growing health consciousness among general population are considered as some of the prominent growth factors.
Furthermore, environment-friendly nature of the ceramide is attracting more customers towards large-scale use of ceramide in cosmetics and skin-care products. Reduction in unemployment rates and strong economic growth in the developing economies across the globe is expected to positively influence market growth in the upcoming tears.
Cosmetics is considered as one of the fastest growing segment in the ceramide industry with substantial revenue generation in the last couple of year. While, pharmaceutical and pet-care has shown massive growth during the forecast period due increasing investment by manufacturers and recent research & development activities by prominent market players. Increasing demand from functional food industry is projected to drive market growth over the forecast period as well. Ceramides are derived from waxy lipid molecules. The ceramides are produced from sphingosine and a fatty acid. Additionally, ceramides occur in large concentrations inside of the cell membrane of eukaryotic cells. Cell membrane of eukaryotic cells are part of sphingomyelin, which is the major lipids in the lipid bilayer.
The ceramide market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, favorable regulatory reforms by various governments, and increase in the demand for natural and organic cosmetics. Asia-Pacific region is predicted to hold major market share in the industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific market with growing geriatric population, increasing demand for anti-aging skin products, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the ceramide industry are Evonik Industries AG, Macrocare Tech Limited, Cayman Chemical Company, Doosan Co., Anderson Global Group LLC, Xi’an Aladdin Biological Technology Co. Ltd., Bo-Kwang Chemical Limited, Unitika Ltd., Pioneer Biotech Co. Ltd., Incospharm Co., Wuhan Saiguang Pharm & Chem Co., Ltd., Ashland Incorporations, Kao Co., and Sederma S.A.
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