Market Overview
According to the report, the global Ceramide market was valued at approximately USD 305 million in 2019 and is expected to generate revenue of around USD 440 million by 2026, growing at a CAGR of roughly 5.34% from 2019 and 2026.
Ceramides are a family of waxy lipid molecules. A ceramide is composed of sphingosine and a fatty acid. Ceramides are found in high concentrations within the cell membrane of eukaryotic cells, since they are component lipids that make up sphingomyelin, one of the major lipids in the lipid bilayer. Contrary to previous assumptions that ceramides and other sphingolipids found in cell membrane were purely supporting structural elements, ceramide can participate in a variety of cellular signaling: examples include regulating differentiation, proliferation, and programmed cell death (PCD) of cells.
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Key Players
Key players in the Ceramide market cover Evonik, Sederma, Unitika, Swiss Legend Group, Kao Chemicals, Ashland, LIPO, Toyobo, Arkema, HAOHUA INDUSTRY, BIOCAR, WUHAN SAIGUANG, ACROBJ, and Pioneer Biotech.
Drivers and Restraint
Increasing demand for anti-aging and environmental protection skin care products are factors that expected to promote the growth of Ceramide market. Furthermore, changing lifestyle coupled with increasing geriatric population base particularly in Japan, U.S. and parts of Europe has created novel demand for ceramide-based products in the recent past, which is also expected to continue over the next seven years. Besides, expanding application base in food and pharmaceutical industries is also driving the market growth.
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Forecast by Geography
Asia Pacific is the leader market with a share of 36.19%, and expected to witness significant gains. Japan is considered as one of the major consumers of ceramides on account of nation’s large geriatric population base demanding anti-aging skin products. North America is the second largest market with a share of 29.76% thanks to favorable regulatory framework coupled with increasing demand for natural and organic cosmetics is expected to drive ceramide demand. Central & South America is expected to show significant growth over the next few years owing to growth of personal care industry in Brazil and Argentina. Middle East & Africa is expected to grow at an average rate because of ceramide benefits such as functional foods and food additives. Europe is the third largest market and expected to witness a fast growth over the future time owing to growth of geriatric population particularly in Germany, the UK, France, and Spain. Slow developments coupled with limited application base are expected to result into lower industry growth in Europe.
Type Segment
Based on the type, the Ceramide market can be segmented into Cosmetic Grade, Pharmaceutical Grade, and Other.
Application Segment
Based on application, the Ceramide market is divided into Cosmetic, Health food, and Medicine.
Cosmetic segment is anticipated to be the largest segment of Ceramide market. Global environment factors such as aging population and changing lifestyle are expected to further contribute towards positive industry growth. Decreasing unemployment rates and improving economic growth is expected to drive consumer purchasing power for expensive products which in turn is expected to increase demand for ceramide-based cosmetics and skin care products globally. Increase in dietary supplements to improve health coupled with shifting population towards healthy lifestyle is expected to further promote the growth of Health food segment over the forecast period.
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Target Audience
l Distributors and resellers of Ceramide
l Ceramide industry associations
l Product managers, Ceramide industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Ceramide
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