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The Global Ceramide Market size is estimated to grow by USD 138.64 million between 2022 and 2027 and the size of the market is forecast to increase at a CAGR of 6.12%. The Global Ceramide Market experiences growth driven by pivotal factors. With a burgeoning geriatric population base worldwide, there's an increasing demand for ceramides in skincare products targeting age-related concerns. Additionally, the growing popularity of phytoceramides, derived from plant sources, further propels market expansion due to their perceived natural benefits. Furthermore, heightened exposure to the sun, exacerbated by global warming and UV radiation, underscores the necessity for ceramide-infused skincare solutions, driving market growth in the quest for skin protection and rejuvenation. This market analysis and report also includes important information on the drivers, trends, and challenges during the forecast period.
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The market share growth of the cosmetics segment will be significant during the forecast period. This segment includes cosmetic products for the face, eyes, and lips. Ceramides are widely used in cosmetic products and related applications owing to their fundamental properties. They act as softening agents by slowing down water evaporation from the skin. Some of the common cosmetic products that comprise ceramide include primers, lip balms, lip glosses, lipsticks, lip liners, blushes, and mascaras. The growth in the cosmetics segment will, therefore, drive the growth of the market during the forecast period.
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The cosmetics segment was valued at USD 222.66 million in 2017 and continued to grow until 2021. The continuous use of artificial and synthetic hair care products and cosmetics can lead to a substantial increase in the number of hair- and scalp-related problems, including hair loss, early onset of graying, itchy scalp, dandruff, dry hair, split ends, and rashes. This is encouraging consumers to opt for organic hair care products, which, in turn, is further driving the demand for ceramide in hair care products.
Natural ceramide accounts for the largest market share in 2022 and is expected to hold its dominance during the forecast period owing to the rising demand for natural and organic personal care products, it will fuel the demand for phytoceramides and consequently boost the growth of the market during the forecast period. Natural ceramide is the ceramide that is naturally present in the outer layers of people's skin, as well as in animals such as cows. Aside from that, natural ceramide is taken from a variety of plants, including wheat, rice, and soybeans. With age, the production of natural ceramides declines, which contributes to the skin barrier disruption, dryness, and dullness we experience with age.
APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC accounted for the largest share of the market in 2022, owing to the increasing demand for cosmetics and personal care products, especially in developing countries. The major focus of consumers in Asia remains on skincare products as the consumers in the region are both knowledgeable and enthusiastic about this category. They are also willing to spend more on premium skincare products. Key countries contributing to the cosmetics market in APAC are Japan, China, India, Australia, Thailand, and Singapore.
In the Global Ceramide Market, manufacturers and suppliers compete to meet regulatory requirements and safety standards while developing skincare products, haircare products, shampoos, conditioners, and hair treatments that address various skin health issues such as eczema, psoriasis, and dermatological concerns. With a focus on anti-aging properties and organic formulations like phytoceramides, these products aim to improve skin health by replenishing lipids crucial for cell membranes and combatting inflammation, liver steatosis, and obesity-associated comorbidities. Additionally, the market witnesses price wars and fluctuations in profit margins as companies vie for market share, offering moisturizing agents and nutraceuticals to promote water retention and overall personal care. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for phytoceramides is driving market growth. The surge in demand for phytoceramides is a significant driver propelling market growth. Phytoceramides, a ceramide variant naturally occurring in plants, boast potent antioxidants that combat free radical damage, effectively slowing down the aging process. With protective properties against pollution and harmful UV rays, they are increasingly favored in anti-aging skincare products. Considered safe for skincare, phytoceramides offer various benefits including reducing lines, wrinkles, and age spots, hydrating and firming facial skin, and diminishing under-eye bags. Derived from natural sources, they are prominently featured in natural and organic personal care products.
As the demand for such products escalates, driven by increasing consumer preference for organic skincare, the need for phytoceramides is projected to surge, consequently boosting demand for ceramides in skincare, haircare, cosmetics, and pharmaceuticals. Manufacturers and suppliers are adapting to stringent regulatory requirements and safety standards while vying for market share amidst price wars, aiming to maintain profit margins and cater to the growing demand for anti-aging and dermatological products infused with phytoceramides.
The ongoing trend of the growing use of nanotechnology in the cosmetics industry is driving market growth. Nanotechnology manipulates structures, devices, and systems at the nanometer scale (1-100 nm) to enhance cosmetic products' UV protection, color, and finish. The unique properties of nanomaterials make them useful in cosmetics, including improving skin penetration and water permeability. Ceramides, along with cholesterol and fatty acids, create a barrier to prevent water loss and microorganism entry. The demand for nanotechnology in cosmetics will benefit the market globally and in turn, influence the market trends.
Stringent regulations on aqua ceramide are hindering market growth. Aqua ceramide is a water-soluble product that is based on the structure of ceramide found in the skin. It is known to repair the skin's barrier function, improve hydration, and reduce trans epidermal water loss (TEWL). Additionally, it can also improve the hydrophobicity and smoothness of hair. However, the use of aqua ceramide is regulated by the European Chemicals Agency (ECHA) and falls under the European Commission (EC) number 424-420-2.
There are specific regulations that govern the use of aqua ceramide, particularly related to its inventory. According to the ECHA, aqua ceramide is considered hazardous when stored with other dangerous chemicals, and as such, it falls under the European List of Notified Chemical Substances (ELINCS) and regulatory acts 92/32/EEC, 67/548/EEC, and O.J. C 146A, 15.6.1990. These regulations are expected to restrict the growth of the global market during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Vantage Specialty Chemicals Inc - The company offers ceramide products such as Ceramide TIC 001. The company manufactures chemical products such as emulsifiers, performance additives, oleochemical derivatives, specialty silicones, waxes, and other related products.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The ceramide market is witnessing substantial growth attributed to its wide applications in haircare products, including shampoos, conditioners, and hair treatments. Amidst stringent regulatory requirements and safety standards, manufacturers and suppliers engage in price wars to maintain profit margins. In the skincare industry, ceramides play a pivotal role in anti-aging products derived from both plant sources and synthetic formulations. Their presence in nutraceuticals contributes to skin health by replenishing lipids and fortifying cell membranes. Moreover, ceramides exhibit potential therapeutic effects in addressing liver steatosis, inflammation, and skin problems like eczema and psoriasis. With growing health consciousness, ceramides are increasingly incorporated into vegan cosmetics and organic skincare products, catering to the rising demand for natural and sustainable alternatives in the pharmaceutical industry.
The market is driven by a focus on safety and quality standards in the production of natural and synthetic ceramides, including sphingosine alcohol. These compounds play a crucial role as moisturizing agents in various personal products, addressing issues such as hair problems and chronic dryness caused by environmental factors. With a rising prevalence of obesity-associated comorbidities and diabetes mellitus, ceramides are increasingly sought after for their potential in managing skin damage and insulin resistance. They aid in maintaining the skin's natural barrier, supporting water retention and combating visible signs of aging. The market also sees demand for ceramide-based dermatological products and supplements, targeting therapeutic needs and serving as potential therapeutic targets for various conditions.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Ceramide Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.12% |
Market growth 2023-2027 |
USD 138.64 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.55 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anderson Global Group LLC, Arkema SA, Ashland Inc., BRENNTAG SE, Cayman Chemical Co., Croda International Plc, Doosan Corp., Evonik Industries AG, Incospharm, Jarchem Industries Inc., Kao Corp., MacroCare Tech Ltd., Matreya LLC, Plamed Green Science Group, Shaanxi Pioneer Biotech Co. Ltd., Shiseido Co. Ltd., Surfachem Group Ltd, Toronto Research Chemicals Inc., Toyobo Co. Ltd., and Vantage Specialty Chemicals Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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