NEW YORK, July 1, 2024 /PRNewswire/ — The global ceramide market size is estimated to grow by USD 148.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.2% during the forecast period. Growing geriatric population base is driving market growth, with a trend towards increasing demand for ceramide in pharmaceutical industry. However, threat of natural alternatives poses a challenge. Key market players include Anderson Global Group LLC, Arkema Group, Ashland Inc., BRENNTAG SE, Cayman Chemical, 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.
Technavio has announced its latest market research report titled Global ceramide market 2024-2028
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Forecast period |
2024-2028 |
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Base Year |
2023 |
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Historic Data |
2018 – 2022 |
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Segment Covered |
Application (Cosmetics, Pharmaceuticals, and Others), Type (Natural and Synthetic), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) |
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Region Covered |
APAC, Europe, North America, South America, and Middle East and Africa |
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Key companies profiled |
Anderson Global Group LLC, Arkema Group, Ashland Inc., BRENNTAG SE, Cayman Chemical, 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 |
Key Market Trends Fueling Growth
The ceramides market is experiencing significant growth due to the essential role these lipids play in cell membranes and the pharmaceutical industry. With over 50% composition in human skin, ceramides offer high barrier function and epidermal signaling. In addition, they act as effective lipid delivery systems for drugs and contribute to treating metabolic disorders, neurodegenerative diseases, and cancer cell degeneration. The increasing demand for pharmaceutical products worldwide will continue driving market growth for ceramides during the forecast period.
The ceramide market is experiencing significant growth due to the increasing demand for these essential lipids in various industries. Discoveries in their role in skin health and function have fueled the cosmetics sector’s interest. Consumers are seeking products containing these natural substances for their anti-aging properties. Additionally, the pharmaceutical industry recognizes ceramides’ importance in disease treatment and prevention. Producers are focusing on improving production methods to meet the rising demand. Companies are also researching new applications, such as in the food industry, to expand market reach. Overall, the ceramide market is a dynamic and promising space for innovation and growth.
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Market Challenges
The ceramide market is experiencing a decline due to the increasing popularity of alternative ingredients in skincare. These alternatives, including lanolin, hyaluronic acid, retinol, phaseolus radiatus meristem cell culture extract, pentapeptide-48, and niacinamide, offer properties similar to ceramides and are widely used in anti-aging products. Humectants, such as betaine, are also gaining traction for their anti-aging, anti-inflammatory, and skin-whitening properties, further reducing the demand for ceramides. The natural and sustainable appeal of these alternatives is driving their adoption in the cosmetics industry.
The Ceramide market faces several challenges in the production and procurement process. Skincare companies require large quantities of Ceramides for their products, but the production method is complex and costly. The raw materials used in producing Ceramides, such as Sphingosine and Phytoceramides, are not easily available in large quantities. Additionally, the regulation of Ceramides as a food additive and cosmetic ingredient varies from country to country, adding to the regulatory challenges. The high cost of production and procurement, coupled with regulatory hurdles, make it difficult for businesses to maintain a consistent supply of Ceramides. Despite these challenges, the demand for Ceramides in the skincare industry continues to grow due to their proven benefits in maintaining skin hydration and barrier function.
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Segment Overview
This ceramide market report extensively covers market segmentation by
Application
1.1 Cosmetics
1.2 Pharmaceuticals
1.3 Others
Type
2.1 Natural
2.2 Synthetic
Geography
3.1 APAC
3.2 Europe
3.3 North America
3.4 South America
3.5 Middle East and Africa
1.1 Cosmetics- The ceramide market is experiencing steady growth due to increasing consumer awareness and demand for skincare products. Companies are investing in research and development to produce effective ceramide-based formulations. Retail sales of ceramide-containing cosmetics continue to rise, driven by their ability to improve skin barrier function and hydration. This trend is expected to continue, making the ceramide market an attractive business opportunity.
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Research Analysis
The Ceramide Market is experiencing significant growth in the realms of skincare and haircare products due to their essential role in maintaining the health and integrity of the skin’s epidermis layer. Ceramides are a type of lipid complex that plays a crucial part in the intercellular spaces of the skin, acting as a barrier against external elements and helping to retain moisture. These ceramide components are primarily derived from glycosphingolipids, a glycolipid class found in plant cells. The plant-extract ceramides segment is gaining popularity due to its natural origin and potential benefits for individuals suffering from conditions such as eczema, psoriasis, and dermatitis. The growing pharmaceutical and nutraceutical industries are also contributing to the increased demand for ceramides, with raw material availability and economical labor being key considerations. The use of natural sources like rice, wheat, and soybeans for ceramide production is also a trending development in this market. Regulatory norms and skin aging are other significant factors influencing the ceramide market’s trajectory.
Market Research Overview
The Ceramide Market refers to the global trade of Ceramides, essential lipids for maintaining the skin’s barrier function. These complex sphingolipids are crucial for skin hydration and protection against environmental stressors. The production process involves the extraction of Ceramides from various sources, including animal tissues and microbial fermentation. The market for Ceramides is driven by the growing demand for skincare and cosmetic products that cater to the increasing awareness of skin health and aging. The use of Ceramides extends beyond cosmetics to therapeutic applications, including the treatment of skin diseases and disorders. The market is segmented based on the source of Ceramides, their application, and the end-user industry. The demand for Ceramides is expected to grow significantly due to their versatile benefits and increasing usage in various industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Application
Cosmetics
Pharmaceuticals
Others
Type
Natural
Synthetic
Geography
APAC
Europe
North America
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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SOURCE Technavio