Ceramides Market Segmented By Fermentation Ceramides, Plant-Extract Ceramides Process Used in Personal Care Products and Cosmetics, Pharmaceuticals and Healthcare
ID: PMRREP28468
Format: PPT*, PDF, EXCEL
Last Updated: 25 April 2019
Industry: Chemicals and Materials
Number of Pages: 194
The global ceramides market was valued at around US$ 345.2 Mn in 2018, and is estimated to grow at a CAGR of over 6% over the forecast period 2019–2029.
In terms of consumption, East Asia and Europe are expected to emerge as prominent regions throughout the forecast period. Healthy growth of pharmaceuticals and healthcare, and cosmetics and personal care industries in China (East Asia) and Europe, is the key driving factor for the growth of the global ceramides market, as these industries are primarily the main consumers of ceramides. According to 'The Soil Association Limited', U.K.’s sales of health and beauty products was US$ 112.2 Mn in 2018, up by 14% from the previous year.
Other factors such as raw material availability, economical labor and production, and favorable government regulatory norms encourage pharmaceutical and personal care product manufacturers to invest in China for expanding their manufacturing capacities. This has created larger demand for ingredients, and thus, is driving the consumption of ceramides in the East Asia region.
As a consequence of rising awareness towards skin aging, the sales of anti-aging products has hiked significantly. Ceramides are extensively used in the production of anti-aging products, as they can repair the functionality of the skin barrier system and retain skin moisture content. As such, the rising sales of anti-aging products is expected to increase the consumption of ceramides in skin care applications.
According to data provided by the UN Department of Economic and Social Affairs Data, the population size of people aged 60 or above is expected to increase by around 56% between the time period of 2015 to 2030.
By process, the plant-extract ceramides segment expected to witness comparatively high growth over the forecast period, because of the rising demand for plant-based ingredients as compared to ingredients derived from animal sources or other synthetic sources.
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