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.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/ceramide-market/request-sample
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.
Get
in touch
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment