The global ceramide market is
expected to reach USD 360.4 million by 2022, according to a new report by Grand
View Research, Inc. Increasing demand for anti aging and environmental
protection skin care products are expected to drive the overall industry
growth. 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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/ceramide-market
Further key findings from the report suggest:
·
Global ceramide market was estimated at USD
239.2 million in 2014 and is expected to reach USD 360.4 million by 2022,
growing at a CAGR of 5.4% from 2015 to 2022.
·
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.
·
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.
·
Asia Pacific was the leading regional
market with demand share exceeding 35% in 2014. Growth of personal care
industry in India and China coupled with increasing geriatric population in
Japan and South Korea is expected to drive the regional growth over the
forecast period. Asia Pacific is also expected to witness the highest growth of
6.2% from 2015 to 2022.
·
Global ceramide industry is consolidated in
nature and is dominated by top multinational corporations which have presence
across the value chain. 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.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has
segmented the ceramide market on the basis of application and region:
Ceramide Application Outlook (Revenue, USD Million, 2012
- 2022)
·
Cosmetics
·
Pharmaceutical
·
Food
·
Petcare
·
Others
Ceramide Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
o South Korea
·
Middle East & Africa
·
Central & South Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-ceramide-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com