Ceramide Market is expanding at a 4.9% CAGR between 2020 and 2030

Posted by omkar on October 23rd, 2019

The Global Ceramide Market size is estimated to be USD 311.1 million in 2019 and is predicted to reach USD 526.5 million by 2030 with a CAGR of 4.9% from 2020-2030. Ceramide is composed of a fatty acid and sphingosine. It is basically found in high concentrations within the cell membrane of eukaryotic cells in the upper layer of the skin. They are one of the lipids components that make up sphingomyelin, one of the major lipids in the lipid bilayer. There are three significant pathways of ceramide generation. The pathway of de novo creates ceramide from less complex molecules. Moreover, the pathway of sphingomyelinase uses an enzyme to break down sphingomyelin in the cell membrane and release ceramide. Ceramide generation can also occur through breakdown of multiplex sphingolipids which are broken down into sphingosine, and then it is reused by reciliation to form ceramide.

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They are majorly used in the skincare products to replenish the natural lipids that are lost from exposure to harsh environmental factors, use of drying products and during the natural aging process. Social factors, changing lifestyle of people, skin aging problems among older generation, and growing women workforce are some significant factors which are anticipated to boost the demand of ceramide in skin care and cosmetic products during the forecast period. Moreover, they are also used in the food and pharmaceutical industries.

Market Dynamics and Trends:

Rising demand for anti-aging and environmental protection skin care products are estimated to bolster the overall ceramide market growth in the upcoming years. Expanding application base which includes toiletries, functional foods, and medical treatment is another significant factor which is projected to augment overall market growth mostly in the developing economies of Latin America, Asia Pacific, and Middle East. However, threat from natural alternatives is expected to negatively influence the market growth in the years to come.

The market is highly consolidated and competition among companies is estimated to remain high during the forecast timeframe. Industry participants are adopting various market strategies such as green technology, product development, expansion, integrating their operations, and acquiring smaller players. Among all these strategies, companies are keenly concentrating on integrating its operations and green technology development. Integration is witnessed among manufacturers and distributors/suppliers or manufacturers and end-use companies. Substantial number of companies are anticipated to enter in the global market during the forecast period chiefly in developing countries such as Japan, China, and Korea.

Market Segmentations and Scope of the Study:

The ceramide market share is analysed on the basis of application, and geography. According to the application, the market is classified into the cosmetics, pharmaceutical, food, pet care, and others. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.

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Comprehensive competitive analysis and profiles of major market players such as Evonik, Macrocare Tech Ltd., Doosan Corporation, Sederma, Cayman Chemical, Xi’an Aladdin Biological Technology, Incospharm Corporation, Unitika, Kao Group, Wuhan Saiguang, Ashland Inc., Anderson Global Group LLC, Bo-Kwang Chemical Co. Ltd., and Pioneer Biotech also provided in this ceramide market report.