Ceramide Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMA2837 | Last Updated On: Jul 29 2022 | Available Formats

> Global Ceramide Market Expected to reach a high CAGR of 5.6% during the forecast period 2022-2029: DataM Intelligence

Global Ceramide Market is segmented By Type (Sphingosine, Phytosphingosine, Others), By Grade (Cosmetic Grade, Pharmaceutical Grade, Others), By Category (Mineral-based, Synthetic, Natural), By Application (Petcare, Skin and hair care, Food, Cosmetics, Pharmaceutical, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Ceramide Market is expected to grow at a high CAGR of 5.6% during the forecasting period (2022-2029).

Ceramic helps to create a barrier to prevent permeability which locks moisture into the skin and prevent it from dryness and irritation. Ceramide is naturally found in the skin cells and contains fatty acids called lipids. Ceramide helps to protect and moisturize the skin from external aggressors such as weather and pollution.

Ceramide has proven anti-ageing properties as it has a protective layer to help prevent moisture loss and the visible damage from environmental stressors. Ceramide also helps to keep skin supple.

Ceramide is effective in manufacturing skin care products, personal care and cosmetics products as it helps to strengthen the skin's barrier and improve hydration. It helps in smoother and firmer skin with reduced fine lines, wrinkles and helps to reduce irritation.

 

Market Dynamics

The global ceramide market is driven by increasing demand for skincare, cosmetics and beauty products due to a surge in the demand by working women, rising ageing population around the globe. The increasing prevalence of skin diseases due to rising pollution and global warming around the globe has propelled the demand for the ceramide market.

Rising increasing demand for skincare, cosmetics and beauty products due to the surge in the demand by working women and the rising ageing population around the globe has propelled the demand for the ceramide market

The market is driven due to the growing demand for skin care, personal care, beauty products with the surge in the demand by the ageing population and growing population of working women demand around the globe. For instance, as per the global wellness institute organization in 2019, the personal care beauty and the anti-ageing market was valued at around US$ 1,083 billion. It created a massive demand for the ceramide market around the globe.

The rising rate of skin diseases due to pollution and global warming around the globe

Increase in the prevalence of skin diseases cases due to rising pollution and global warming around the globe. Further increasing healthcare and wellness expenditure around the globe have propelled the demand for ceramide. For instance, as per the global wellness institute organization in 2019, health and wellness expenditure around the globe was valued at around US$4.5 trillion and US$ 7.8 billion respectively (WHO data). It created a massive demand for the ceramide market around the globe.

Launch of innovative skincare and cosmetics products by the leading players

Several leading players are launching innovative ceramide based skincare and cosmetics products by the leading players due to the surge in global demand, ay creating a huge opportunity for the growth of the ceramide market. For instance, on 18th Dec 2019, CeraVe launched a cleanser and serum new acne for the treatment of pimples and restoring skin. It helps to reduce the appearance of post-acne marks as it contains ceramides that may become depleted over time, contributing to the treatment of dry and irritated skin.

COVID-19 Impact Analysis

The global ceramidemarket has shown stable growth during the Covid-19 outbreak as several leading manufacturers were closed due to lockdown in many countries, Demand is slightly increased in June 2020, as manufacturers have started production and launching of the skincare, cosmetics products by the leading players due to stable demand.

Several leading players were focusing on the research & development of innovative products based on ceramide. For instance, on 26th Feb 2020, Kao Corporation launched a new face and body moisturizing spray for dry, sensitive skin sufferers. the curél deep moisture spray product be positioned as the flagship of the Curél brand, launched first in Japan which accelerated the brand's global growth. Further demand will increase as soon as the pandemic will over.

Segment Analysis

The global ceramidemarket is segmented based on types, grade, category, application and region.

Rising demand for ceramide for the manufacturing of cosmetics, personal care products based on phytosphingosine have propelled this market growth

In terms of material, the global ceramide market is bifurcated into sphingosine, phytosphingosine and others. Among these, the phytosphingosine segment has the highest market share in 2019, this is primarily due to its demand for skin care and personal care products with growing health awareness. For instance, as per the shop association organization in 2017, The global cosmetic products market, which includes hair care, oral and fragrances, was valued at USD 532.4 billion in 2017. This burgeoning market is expected to reach a market value of USD 805.6 billion by 2023

Similarly, sphingosine is also growing at a rapid pace owing to rising demand by the ageing population with rising people awareness about the health benefits of ceramide based products.

 

Rising pharmaceutical demand for the rising prevalence of skin diseases due to rising pollution and greenhouse gases emission

Based on grade, global ceramide is divided into cosmetic grade, pharmaceutical grade and others. Among this pharmaceutical grade, the segment has the highest market share owing to rising its usage in the pharmaceutical industry sectors for the rising demand for the manufacturing of personal care products. For instance, as per the India Brand Equity Foundation Organization in 2018, India’s pharmaceutical industry reached around US$ 55 billion by 2020 which is growing at a CAGR of 22.4% over 2015–2020

Rising demand for natural products for skincare, cosmetics have propelled the natural segmental growth

Based on category, global ceramide is divided into mineral-based, natural and synthetic. Among this natural segment has the highest market share owing to rising its usage in the pharmaceutical industry sectors for the rising demand for the manufacturing of personal care products. The increasing launching of naturally based products for skincare has propelled the demand for natural products. For instance, on 12th April 2019, Baidyanath launched herbal cosmetic products in India with growing consumer demand for the towards natural, organic and Ayurvedic products in India.

 

A growing ageing population with manufacturing facilities of the pharmaceutical industry with the surge in working women demand have propelled the pharmaceutical segmental growth.

Depending upon the application the global ceramide market is divided into pet care, skin and hair care, food, cosmetics, pharmaceutical. Among these, the cosmetics segment has the highest market share owing to a surge in the demand by the food processing industry in developing countries such as India, China etc. According to the International Federation of Pharmaceutical Manufacturers & Associations, the global pharmaceutical market reached around US$ 1,430 billion in2020 with the around highest market share of the North American countries.

 

Geographical Analysis

North America region holds the largest market share global ceramide market

North America region is dominating the global ceramide market accounted for the largest market share in 2019, due to the presence of several pharmaceutical manufacturing industries of cosmetics and personal care products. The region has the highest demand due to the presence of the geriatric population with growing investment in manufacturing facilities related to cosmetics and personal care products followed by Asia-Pacific.

For instance, in North America, the investment by multinational enterprises (MNEs) increased by 18% to the US $419 billion in 2017 with the highest market share in the United States. Similarly, the Asia-Pacific region is also growing at a faster pace owing to the highest demand in the second-most populous country in India which have propelled the demand for ceramide. For instance, the Asia-Pacific market sales value for the premium and mass beauty products in 2016 was valued at around US$ 8,600 million and is projected to reach US$ 14,900 million. It created a massive demand for the ceramide market in this region.

 

Competitive Landscape

The ceramide market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Anderson Global Group LLC, Arkema S.A, Croda International Plc, Shiseido Company, Evonik Industries AG, Ashland Inc, Cayman Chemical, Manus Aktteva Biopharma Llp, Sederma, Surfachem, Tocris Cookson Ltd, Toyobo, Daebongls, Doosan Corporation, Incospharm Corporation, Kao Group, Macrocare Tech Ltd and among others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Ceramide market globally. For instance, on7th May 2019, Ashland Global Holdings Inc. has entered into an agreement with Goldman Sachs & Co. LLC for accelerated share repurchase (ASR) to repurchase an aggregate of US$200 million of Ashland's common stock.

Further in July 2019, Arkema S.A. a French leader in advanced materials and speciality chemicals has completed the acquisition of the Arr-Maz Custom Chemicals, Inc an American prominent speciality chemical producer. It has created a huge opportunity for ceramide to fulfil the diversified demand of its product portfolio and widen the reach of the French speciality chemical manufacturer.

Evonik Industries AG

Overview: Evonik Industries AG, founded in 2007, is headquartered based in Essen, Germany. Evonik Industries AG (Evonik) is a Germany-based speciality chemicals company that operates in four segmental groups includes nutrition and care which produces speciality chemicals, mainly for use in consumer goods for daily needs, animal food & healthcare and food. The products portfolio of the company includes speciality chemicals, animal nutrition, speciality additives, smart materials, health, care, cosmetic solutions, high-performance polymers, membranes, silica, innovation, sustainability, resource efficiency, and nutrition etc.

Product Portfolio: The Company has a diverse product portfolio of ceramide including:

  • CERAMIDE IIIB: Skin`s natural protective barrier. Improves long-term moisturization and protects the skin from external influences. Repairs and protects damaged hair. High purity. Nature identical. Better oil solubility.
  • CERAMIDE VI: Reinforces the skin`s natural protective barrier, especially suitable for ageing skin. Normalizes the skin`s natural desquamatory process. Nature identical. High purity.

Key Development: On 3rd May 2020, Evonik acquired the Porocel Group, Houston (USA), for US$ 210 million for expanding the catalysts portfolio in the area of desulfurization catalysts and adsorbents.

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