The ‘Global Ceramides Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global ceramides market, assessing the market on the basis of its segments like process, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Ceramides Market Size, Share, Price Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.8%
|Revenue Forecast in 2028||USD 614.6 million|
|Growth Rate CAGR||5.8%|
|Major Players||Evonik Industries AG, Ashland Global Holdings Inc., Doosan Solus Co., Ltd.,|
Plamed Green Science Group, Vantage Specialty Chemicals and otthers.
Ceramide is used extensively in the personal care industry as it provides a variety of benefits including improved skin barrier health, preservation of moisture in the skin, reduced dryness, and slowing down of the ageing process, among others. Therefore, the thriving cosmetics and personal care industry, supported by inflating disposable income and rapid urbanisation, is bolstering the global ceramides market.
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Moreover, ceramides also protect the skin from allergies, and bacterial or fungal pathogens. In this regard, the increasing inclination towards spending on skincare is accelerating the incorporation of the product in the diverse cosmetics.
The heightened application of ceramides in the pharmaceutical industry is another crucial driving factor of the market. Ceramides are used in the manufacturing of drugs which fight chronic conditions such as diabetes, angiogenesis, and inflammation, among others. Over the forecast period, the rising healthcare expenditure and growing expansion of the pharmaceutical industry is expected to propel the ceramides market growth.
Ceramide-based moisturisers are also used in the pet care industry which is likely to witness a steady demand owing to the increasing animal welfare schemes and growing adoption of dogs and cats among households.
Ceramides Industry Definition and Major Segments
Ceramides are lipid molecules which show resemblance to sterols and fats, comprising of fatty acids and sphingosine. Ceramides are found on the outer skin layers and are used across various commercial sectors. Ceramides play a crucial role in keeping skin cells healthy, which is propelling the market for ceramides globally.
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Based on process, the market can be segmented into:
On the basis of end use, the market has been classified into:
- Cosmetics and Personal Care
- Pet Care
Based on region, the market can be categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Ceramides Market Trends
The key trends in the global ceramides market include the expanding reach of the cosmetics and pharmaceutical products via online platforms. Rising purchasing power, growing awareness pertaining to the benefits of natural beauty products, and increasing research and development activities in the pharmaceutical sector are providing impetus to the market. In the pharmaceutical industry, ceramides are anticipated to witness a heightened incorporation due to the increasing prevalence of fatal chronic conditions.
Growing innovations and increasing investments towards products developments by the major personal care companies are the crucial trends in the global ceramides market. The increasing number of working women across the emerging economies are likely to accelerate the sale of innovative skin care solutions in the forecast period.
In terms of regions, the Asia Pacific holds a decent share in the market due to the large population base across the developing countries. The strong foothold of leading pharmaceutical and personal care companies is further providing opportunities to the market.
Key Market Players
The major players in the ceramides market report are Evonik Industries AG, Ashland Global Holdings Inc., Doosan Solus Co., Ltd., Plamed Green Science Group, and Vantage Specialty Chemicals, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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