Ceramide Market By Type (Natural & Synthetic), Process (Fermentation Ceramides, Plant Extract Ceramides), Application (Cosmetics & Food), & Region for 2024-2031
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Ceramide Market By Type (Natural & Synthetic), Process (Fermentation Ceramides, Plant Extract Ceramides), Application (Cosmetics & Food), & Region for 2024-2031
Ceramide Market Valuation – 2024-2031
The expansion of the ceramide market drive the rising demand for cosmetics, skincare, and beauty products. the The ceramide helps treat skin problems including psoriasis and eczema, it is anticipated that the ageing population worldwide. The market size surpass USD 107.99 Million valued in 2023 to reach a valuation of around USD 161.48 Million by 2031.
Furthermore, growing e-commerce and online sales awareness is anticipated to drive the ceramidamide market share even further. Additionally, the ceramide market is growing more quickly due to the pharmaceutical industry’s explosive rise and the rise in a number of skin conditions, including xerosis, xeroderma, dry skin, and skin damage. The rising demand for cost-effective and efficient ceramide is enabling the market grow at a CAGR of 5.69% from 2024 to 2031.
Ceramide MarketDefinition/ Overview
Ceramides are a family of waxy lipid molecules. An amide link connects a fatty acid and sphingosine to form a ceramide. Pharmaceutical companies employ ceramides to treat skin diseases such dermatitis, psoriasis, and eczema. The rising incidence of these skin conditions is driving the need for ceramide-based dermatological therapies. Ceramides are ingested as dietary supplements to promote internal moisture and skin health. This Consumer interest in natural skincare methods is what motivates use.
Ceramides are a class of lipid molecules found in the cell membranes of organisms. A family of lipid molecules called ceramides is present in living things’ cell membranes. They are essential for preserving the skin’s protective layer, which helps the skin hold onto moisture and battle against external hazards. To put it another way, they act as the “glue” that binds the cells of the skin together, enhancing its moisture and strength. Ceramides also have an impact on apoptosis (cell death), differentiation, and proliferation of cells through their involvement in signallingsignaling networks within cells.
Ceramide is an excellent treatment for many age-related skin diseases and can increase skin hydration rates when used in diet and cosmetics items. Furthermore, a growing number of customers are spending money on cosmetics and personal care items as their disposable income rises. The use of such products is frequently thought to enhance consumers’ self-confidence and quality of life. It is anticipated that these factors will accelerate the ceramide market’s expansion. Additionally, e-commerce and online sales channels are anticipated to gain traction in the market due to the spike in demand for internet and mobile networks. For example, more than 80% of people in North America and Europe use the internet, and these people are a major factor in the online sales of different kinds of food supplements and cosmetics.
Which are the Key Factors Driving the Ceramide Market?
The growing demand for natural ingredients in personal care products and cosmetics among the Ccustomers is likely to prefer cosmetics and personal care items made of natural ingredients over those made ofovercome synthetic compoundsproducts, which can haveare projected to have serious adverse consequences. Because of this, natural beauty products have been shown to function better than conventional products and are predicted to increase their market share significantly in the years to come.
The majority of ceramides come from naturally occurring sources such rice bran, corn, wheat, etc. As such, they are classified as natural plant-based substances, and as such, producers of natural cosmetics and personal care products greatly like them. Products with natural components brought approximately USD$ 1.3 Bbillion in revenue in 2017, which was 5.6 times more than the same amount in 2013.
In a recent study titled “White Biotechnology in Cosmetics,” Kuttuvan Valappil Sajna et al. clarified the crucial role ceramides play in maintaining and organisingorganizing skin water permeability. These investigations support the role of ceramides with empirical data and scientific hypotheses, which facilitates ceramides’ easy acceptance by makers of end products.
Increasing Recognition of Complex and Science-Based Ingredients in Cosmetics and Personal Care Products.The growing understanding of ceramide applications and their mechanisms of skin care is anticipated to be significantly influenced by research on well-defined compounds, well-understood mechanisms, and really science-based substances.
What are the Key Challenges Hindering the Ceramide Market’s Expansion?
Ceramides are seeing a significant rise in the market due to their wide range of uses in skincare and medicines, among other industries. The skin contains naturally occurring lipids called ceramides, which are essential for preserving the skin’s moisture retention and barrier function. Because they can build and repair the skin’s natural barrier, ceramides have become quite popular in the skincare industry. As a result, they are a necessary component of moisturisersmoisturizers, creams, and serums that target issues with dryness, sensitivity, and ageing.
In addition, safety issues and regulatory obstacles present further growth barriers for the ceramide market. Because ceramides are frequently found in topical or oral pharmaceutical formulations, regulatory agencies have strict guidelines on their safety, effectiveness, and labelling. For manufacturers, navigating the regulatory environment and securing permissions can be time- and resource-consuming, which can impede the launch of new products and the growth of the market.
The ceramide market is highly competitive, posing challenges for both new and long-standing players. The market is defined by a wide range of businesses producing ceramide-based goods, from big multinational enterprises to startups and small-scale producers. Pricing pressures and the necessity for differentiation through product innovation, branding, and marketing tactics are brought on by intense competition. Furthermore, the market’s availability of ceramide components that are either fake or of low qualitylow-quality puts consumers’ trust and product quality at risk, calling for strict supply chain management procedures and quality control procedures.
Category-Wise Acumens
Will Cosmetic Segment has generated Generate the Revenue of for the Ceramide Market?
According to its applications, the ceramide market is divided into several areas, including food, cosmetics, and other industries. In this industry, the cosmetics category has become the primary source of revenue as of 2022. Forecasts show a stable growth trend; by 2030, the cosmetics sector is expected to use over 430.97 tonnes oftons of ceramide, indicating its substantial contribution to the industry.
The growing inclination of consumers towards natural and botanical elements in skincare products is a significant trend driving this expansion. Due to their perceived efficacy and benign qualities, consumers today actively seek for formulations that harness the power of nature, favouringfavoring substances that consist of plant extracts or oils. Consumer preferences have shifted, which has increased demand for ceramide-infused cosmetics since consumers looking for mild yet effective skincare solutions prefer ceramides derived from natural sources.
Ceramides are popular in cosmetics because they help maintain and strengthen the skin’s natural barrier function, which promotes skin health and moisture retention. Ceramide-containing products are expected to continue to rise in popularity within the cosmetics industry as customers become more pickypickier about the ingredients they use in their skincare regimens. This trend highlights how crucial it is for producers to highlight the advantages of ceramide and their natural source in their product formulations in order to meet the changing demands and tastes of today’s skincare aficionados.
Why is the Natural Ceramide Segment Experiencing Dominance and Projected growth in the Ceramide Market?
The growing consumer preference for natural and organic products across a variety of industries, including skincare and cosmetics, is a major factor contributing to the expansion of the natural ceramide segment. This tendency is indicative of a larger movement in consumer behaviourbehavior towards more ecologically friendly and sustainable purchasing practices, as people give greater weight to goods that are consistent with their morals and ideologies. In the context of skincare and cosmetics, this inclination towards natural components also applies to ceramides, which has increased demand for those derived from plant sources.
Plant-based natural ceramides are becoming more popular because of their supposed effectiveness and skin-friendly nature. Natural ceramides are now in high demand as components in healthcare and cosmetic formulations because of their proven ability to preserve the skin barrier and increase moisture levels. Because of their perceived benefits and compatibility with consumer’s growing preference for natural, plant-based solutions, natural ceramides are predicted to be in high demand as people become more pickypickier about the goods they use on their skin.
Ceramides are classified into two types in the marketnatural and synthetic. In 2022, natural sector was emerged as the leading source of revenue, accounting for a significant 66.65% of the market. Forecasts suggest that the natural sector will maintain its current development trajectory, with 455.72 tonnes oftons of natural ceramide expected to be utilisedutilized by 2030, demonstrating its continued popularity in the market.
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Country/Region-wise Acumens
How does the Asia-Pacific Region Dominate the Ceramide Market?
The largest revenue share, the Asia-Pacific region is emerginged was as dominating the market leaderplayer for in ceramides in 2019market. The region’s substantial use of rice, wheat, and soybean products as food supplements and ingredients in a variety of cosmetic formulas is partly responsible for this supremacy. Remarkably, China is the world’s biggest rice eater, going through about 149 million tonnes a year, with India coming in second. Additionally, wheat and soybean oil products which are important natural sources of ceramide are in high demand in both China and India.
The Asia-Pacific area plays a crucial role in the ceramide industry, as seen by the region’s widespread consumption of rice, wheat, and soybeans. These staple crops serve as the basis for millions of people’s diets and are also a vital source of materials for the manufacturing of food supplements and cosmetics that are high in ceramides. The ceramide market is expected to rise steadily due to the abundance of natural sources in China and India, two of the biggest consumers of these grains and soybean products, driving demand.
How the Europe Poised the Substantial Revenue Share for the Ceramide Market?
Europe is projected to acquire a significant revenue share in the global ceramide market, driven mostly by a rising geriatric population, particularly in key nations such as Germany, the United Kingdom, France, and Spain. The growing number of senior people in these countries pushes up demand for skincare and medicinal products, in which ceramides play an important role. Despite the positive demographic trends, the expansion of the ceramide sector in Europe is projected to be hampered by slow development and a very small application base as compared to other regions.
The slow pace of progress in the European ceramide market, along with a smaller variety of applications, is expected to limit industry growth in the region. While the ageing population creates potential for ceramide-based goods, constraints such as regulatory hurdles, slower acceptance rates, and a less diverse market landscape may hamper overall growth in Europe. Nonetheless, deliberate actions targeted at overcoming these limitations and capitalisingcapitalizing on new opportunities could help Europe’s ceramide industry reach its full potential.
Competitive Landscape
The ceramide market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the ceramide market include
Evonik, Croda, Doosan, Vantage, Toyobo Co., Ltd., Macrocare, Unitika, Ashland Inc., Anderson Global Group LLC, Arkema S.A, Shiseido Company, Cayman Chemical, Manus Aktteva Biopharma Llp, Sederma, Surfachem, Evonik Industries AG, Kao Corporation
Latest Developments
- In March 2024, Evonik Industries AG introduced its most recent sustainable portfolio and powerful technology platforms for skin and hair care, as well as household cleaning and air care. With this launch, the company hopes to continue engaging with local clients to drive the industry’s green transition.
- In February 2024, Kao Corporation introduces Curél Outfit-for-Skin Potion and Curél Veil Creator to deal with extreme skin dryness. These products combine ceramides and Kao’s “Fine Fibre Technology” to form aan “ultra-thin, moisture-rich” veil that quickly covers the skin and penetrates deep into the stratum corneum, providing relief and long-lasting hydration. Through this launch, the company is increasing its product offering.
- In July 2023, Croda International PLC purchased Solus Biotech, a global leader in biotechnology-derived active ingredients for beauty care and medicines. The company will deliver sustainable, natural actives for personal care across three essential technological platformspeptides, ceramides, and retinol. Through his acquisition, the company will strengthen its sustainable biotechnology skills and add innovation centrescenters, offering a springboard into premium markets in Asia and beyond.
- In November 2022, Evonik Industries AG has increased its geographical footprint in Heidelberg, Germany, by producing commercial quantities of ceramides, a type of lipid. With this development, the company hopes to expand its Nutrition & Care division portfolio.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2018-2031 |
Growth Rate | CAGR of ~5.69% from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Million |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players |
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Customization | Report customization along with purchase available upon request |
Ceramide Market, By Category
Type
- Natural
- Synthetic
Process
- Fermentation Ceramides
- Plant Extract Ceramides
Application
- Cosmetics
- Food
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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