Ceramide Market Overview:
Ceramide is a lipid molecule in the intercellular spaces of the epidermal layer of the skin. Ceramide is a constituent of glycosphingolipids, a kind of glycolipid that is often seen in plant organisms. Ceramide is composed of sphingosine and fatty acids. The worldwide ceramides market is expected to grow significantly due to the rising consumer demand for skincare and anti-ageing products that prioritize environmental sustainability.
Moreover, it is anticipated that several socioeconomic factors, including the increasing proportion of older individuals in nations such as the United States, select European countries, and Japan, would substantially influence the market’s expansion throughout the projected timeframe.
Ceramide Market Size:
The Global Ceramide market is to grow at a CAGR of 5.0% during the forecast period 2023- 2030. The market is expected to grow because it becomes important in different industries like Petcare, Cosmetics, Pharmaceutical & Nutraceutical, etc.
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Ceramide Market Drivers:
Sharp Uptick in Consumer Interest in Anti-Ageing Ceramide Skin Care Products
Spending on skin care products that prevent ageing, such as face cream and lotion, has increased dramatically. The market for anti-ageing cosmetics is constantly expanding every day. The market for ceramide-containing anti-ageing cosmetics has shown a sharp increase in demand in recent years. The main reason for this is that countries like the United States and the United Kingdom are seeing quicker rates of population ageing.
In the United Kingdom, shoppers over 65 spend much more money on cosmetics than those under 65. Spending on cosmetics items by consumers over 65 is at least three times more than that of younger consumers. The aforementioned elements are responsible for the market’s growth.
Market Opportunities:
Increasing Investment Opportunities in Innovation and Research Facilities
The ceramide industry places a heavy emphasis on scientific competence and research. In Europe and the US, several companies from various industries contribute to creating innovative cosmetics and personal hygiene products. Furthermore, if customers start favouring natural goods, this might open up new investment possibilities for other sector participants. This will also lead to the development of new economic ventures that will facilitate a notable rise in the number of new job openings.
For example, European industrial players, which include over 28,000 scientists and 77 innovation centres, dedicate at least 5% of their yearly income to research and development (R&D). Investors who follow this sort of investing plan will find profitable possibilities in the market.
Ceramide Market Trends:
Patients with eczema and psoriasis had significantly lower skin ceramides. Thus, the increased incidence of eczema and psoriasis due to smoking and drinking is one of the main drivers of ceramide use in dermatological goods. Since natural ceramides drop with age, the expanding senior population is driving demand for ceramide-based treatments to enhance water retention, repair the skin’s natural barrier, and minimize ageing. Because ceramides are synthetic and animal-free, vegan cosmetics are helping their popularity.
As diabetic mellitus is a primary cause of mortality globally, pharmaceutical companies are using more ceramides. In addition, ceramides contribute to insulin resistance, β-cell death, and reduced insulin gene expression, highlighting prospective therapeutic targets for controlling diabetes and its consequences. Supplements that encourage a healthy lifestyle also utilize ceramides, owing to increased health awareness.
Ceramide Market Segmentation Analysis:
The global ceramide market is segmented by type into sphingosine, Phyto sphingosine, and others; by grade into cosmetic grade, pharmaceutical grade, and others; by category into synthetic and natural; by application into pet care, cosmetics, pharmaceutical & nutraceuticals, and others.
By Category Insight: The Natural segment accounts for the highest market Share.
The Natural segment was the highest contributor to the market, growing at a CAGR of 5.8% during the forecast period. Soybeans, wheat, rice, potatoes, maize, and konjac contain natural ceramides, which the skin produces. Liver ceramides are also natural. Many cosmetics include rice ceramide, which controls trans-epidermal water loss. Rice ceramide moisturizes better than wheat and elephant foot. Skin care products include natural ceramide from fermentation.
Evonik Industries AG is a significant natural ceramide producer. Cosmetics and personal care chemicals are becoming more popular, driving market growth. Antiaging solutions for dry skin contain ceramide since the skin’s ceramide content declines with age. Foods and supplements also use natural ceramide. Rising discretionary income and customer preferences for natural and ecologically friendly items boost market growth.
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Global Ceramide Market Geographical Share:
The global ceramide Industry is analyzed across North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Asia-Pacific is the largest contributor to revenue, with a CAGR of 5.6% over the forecast period. The expansion of the market is being driven in large part by an ageing population and consumer dietary preferences. Asia-Pacific has the greatest market share, enabling China to dominate. This is due to the high consumption of dietary supplements and cosmetics comprising rice, wheat, and soybean products. China is the leading consumer of rice, consuming approximately 149 million tons annually, followed by India.
Ceramide Industry Developments:
- On November 17, 2022, Evonik Industries AG began producing ceramides, unique lipids, in commercial numbers at its facility in Dossenheim, close to Heidelberg, Germany. To meet the rising demand for ceramides in the personal care sector, Evonik will have more flexibility and supply security due to utilizing the Dossenheim facility to its fullest potential. The respective step will also increase its independence from other supply sources
Ceramide Market Key Players:
The global ceramide market is huge and is becoming increasingly competitive due to the presence of major players such as Evonik Industries AG, Arkema, Ashland Global Holdings Inc., Ajinomoto Co., Inc., Air Liquide S.A., Croda International plc, Toyobo Co., Ltd., Cayman Chemical Anderson Global Group LLC and Shaanxi Bolin Biotechnology Co., Ltd.
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