Increasing demand for anti-aging and environmental protection skin care products are expected to drive the overall industry growth. The Global Ceramide Market is expected to reach USD 360.4 million by 2022, according to a new report by Grand View Research, Inc.
Social factors such as changing lifestyle coupled with increasing geriatric population base particularly in Japan, U.S. and parts of Europe has created novel demand for ceramide based products in the recent past and this trend is expected to continue over the next seven years.
Expanding application base in food and pharmaceutical industries is also expected to have a positive influence on the market growth. Key personal care product manufacturers such as Elizabeth Arden Inc, Pur minerals, Kao Group, Etvos, L’Oreal, Avon Products Inc., Oriflame, Revlon Inc., Beiersdorf and Paula’s Choice are widely using ceramides for innovative skin and hair care solutions.
Cosmetics were the leading application segment and accounted for over 65% of total market revenue in 2014. Ceramide is used in wide range of cosmetic products including hair treatment, skin care and makeup products. Growth of personal care industry particularly in Asia Pacific is expected to drive this segment over the forecast period.
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Food is expected to witness the highest growth of 5.5% over the forecast period on account of changing consumer lifestyle coupled with growing demand for organic products. Ceramides are currently used in food additives and supplements. Nutraceutical manufacturers are expected to expand ceramide based food supplements product line over the forecast period.
Top Players of Ceramide Market:
Key companies operating in the global market include Evonik, Macrocare Tech Ltd., Cayman Chemical, Doosan Corporation, Anderson Global Group LLC, Xi’an Aladdin Biological Technology, Bo-Kwang Chemical Co. Ltd, Unitika, Pioneer Biotech, Incospharm Corporation, Wuhan Saiguang, Ashland Inc., Kao Group and Sederma.
Market Segmentation of Ceramide Market:
The Global Ceramide Market segmented on the basis of Application and Region.
By Application:
Cosmetics
Pharmaceutical
Food
Petcare
By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Central & South Africa
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