Global Ceramides Market to be Driven by the Rising Demand for Cosmetics and Personal Care Products in the Forecast Period of 2020-2025

The new report by Expert Market Research titled, ‘Global Ceramides Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global ceramides market, assessing the market based on its segments like processes, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

• Forecast CAGR (2020-2025): 6%
• Forecast Market Size (2025): USD 519 Million

The market development of ceramides is being driven by the substantial support from major regions such as East Asia and Europe. This can be due to the healthy growth in East Asia and Europe in the healthcare, pharmaceuticals, cosmetics, and personal care industries. In addition, these industries are the key users of ceramides, which further facilitates the growth of the industry. The rapid growth of the pharmaceutical and personal care product manufacturing units in China is being supported by certain factors, such as cheaper labour and manufacturing, the availability of raw materials, and favourable government regulatory standards. This further generates a demand for ingredients and, thus, supports the market growth of ceramides in the area of East Asia.

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Industry Definition and Major Segments

Ceramides are a category of lipid molecules that are waxy. A ceramide consists of a fatty acid and sphingosine. As they are component lipids that make up sphingomyelin, one of the most essential lipids in the lipid bilayer, ceramides can be present in high concentrations inside the cell membrane of eukaryotic cells.

Based on process, the market is segmented into:

• Fermentation
• Plant-Extract

By application, the industry is divided into:

• Cosmetics and Personal Care
• Pharmaceuticals
• Pet Care
• Others

The regional markets for ceramides include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market growth of ceramides is being driven by the increasing demand for natural ingredients for cosmetics and personal care products. In contrast to products made with synthetic ingredients, which may cause adverse side effects, customers are now increasingly seeking products based on natural ingredients. As a result, natural beauty products have experienced more growth than traditional products and are projected to gain a significant market share during the forecast period. In addition, the growing knowledge of advanced and science-based cosmetics and personal care ingredients is contributing to the growth of the ceramides industry.

Key Market Players

The major players in the market are Evonik Industries AG (ETR: EVK), Ashland Global Holdings Inc. (NYSE: ASH), Doosan Solus Co., Ltd. (KRX: 336370), Plamed Green Science Group, Vantage Specialty Chemicals, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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