Ceramides Market Development, Innovation, Opportunities And Growth
Posted by Pradnya on April 21st, 2021
The change during the COVID-19 pandemic has upgraded our reliance on trend setting innovations, for example, augmented reality, virtual reality, and the industrial internet of things. The unfulfilled money related targets are convincing the associations to embrace robotization and cutting edge innovations to remain ahead in the market rivalry. Organizations are using this open door by distinguishing day by day operational needs and teaching robotization in it to make a computerized framework as long as possible.
A new market research report titled, ‘Ceramides Market: Global Industry Analysis 2014-2018 and Forecast 2019-2029’, by Persistence Market Research (PMR), offers critical insights for the forecast period 2019 to 2029, and investigates the ceramides market at a global level. As per the findings of the global ceramides market report, the market is expected to grow at a noteworthy rate over the forecast period, as the demand for natural- and plant-based active ingredients from cosmetics and personal care and pharmaceutical industries is on the rise.
The market value of the global ceramides market was US$ 345.2 Mn in 2018, and it is forecasted that this value will reach around US$ 700 Mn by the end of 2019. The CAGR index at which the global ceramides market is expected to grow throughout the forecast period is over 6% in terms of the market value. This significant growth is a result of several factors that are driving the growth of the global ceramides market with a high level of impact. One of the key driving factors is increasing consumer awareness towards personal care and health that has resulted in a notable hike in the sales of personal care products and drugs across geographies.
East Asia is Expected to Project Significant Growth Opportunities for Global Ceramide Market Players
The number of ceramide market players from East Asia is fairly high. In China, raw material availability is comparatively easy and economical. Furthermore, other production costs such as labor are also economical in China. As a consequence of this, many ceramide market players invest in China for economical production and expansion.
The cosmetics and personal care industry and pharmaceuticals industry in East Asia are highly developed, and consume a fair share of ceramides as active ingredients for the production of skin care & hair care products and drugs. As a result, East Asia emerges as a prominent region in terms of global ceramide consumption. Also, the East Asia ceramides market is expected to project a comparatively higher growth over the forecast period because of the growing end-use industries of ceramides in China.
Cosmetics and Personal Care, by End Use Segment, to Remain Prominent Over the Forecast Period
The market has been segmented on the basis of process and end use, besides the seven geographical regions.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/28468
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Joined: February 3rd, 2017
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