“Global Ceramide Market to reach a market value of USD 146.0 Million by 2030 growing at a CAGR of 5.6%”
The Global Ceramide Market size is expected to reach $146.0 million by 2030, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 459.83 tonnes, experiencing a growth of 2.6% (2019-2022).
Rapid urbanization and changing lifestyles in countries across the Asia Pacific have led to increased exposure to environmental stressors such as pollution, UV radiation, and air conditioning. Therefore, the Asia Pacific segment captured $35,246.9 thousands in the market in 2022. Also, the Japan segment make use of 31.20 tonnes of Ceramide in 2022. As a result, consumers are turning to skincare products containing it to combat dryness, irritation, and premature aging caused by these external factors. Hence, these aspects can boost the demand in the segment.
Continuous technological progress has resulted in the creation of enhanced techniques for extracting it from organic sources, including animals and vegetation. With improved production efficiency and cost-effectiveness, It find applications beyond the skincare and haircare industries. They are increasingly used in various sectors, such as pharmaceuticals, nutraceuticals, and industrial applications. Thus, owing to these factors, the market will grow rapidly in the coming years.
Additionally, with the global population aging, there's a growing awareness about the importance of skincare for maintaining youthful appearance and skin health. As per Statistics Canada, in 2022, there were 7,330,605 people aged 65 and older in Canada. Moreover, over 861,000 people aged 85 and older were counted in the 2021 Census, more than twice the number observed in the 2001 Census. Likewise, as per the data provided in 2022 by the Pan American Health Organization, more than 30 million individuals in Brazil were 60 years of age or elderly, accounting for 13 percent of the country's total population.
However, many consumers may not be familiar with the term "ceramide" or its significance in skincare. Product developers may struggle to create effective formulations that resonate with target audiences without a clear understanding of consumer needs and preferences regarding ceramides. Hence, owing to these factors, there will be reduced demand in the market.
Based on application, the market is divided into cosmetics, food, and others. The cosmetics segment recorded the maximum revenue share in the market in 2022. In terms of volume, cosmetics segment would make use of 430.97 tonnes of ceramide in cosmetics by 2030. Consumers are increasingly seeking natural and botanical ingredients in their skincare products. It derived from natural sources, such as plant extracts or its oils, appeal to consumers looking for effective yet gentle skincare solutions, driving the demand for ceramide-containing cosmetics.
On the basis of process, the market is divided into fermentation and plant extract. The fermentation segment recorded a considerable revenue share in the market in 2022. Advances in biotechnology have enabled the production of ceramides through fermentation processes using microorganisms. This method offers a more sustainable and cost-effective way to produce it compared to traditional extraction methods from animal or plant sources.
Based on type, the market is bifurcated into natural and synthetic. The natural segment held the 66.65% revenue share in the market in 2022. In terms of volume, natural segment would utilize 455.72 tonnes of natural ceramide by 2030. There is a growing consumer preference for natural and organic products across various industries, including skincare and cosmetics. This demand extends to ingredients used in these products, leading to an increased interest in natural ceramides derived from plant sources. Ceramides, especially those sourced naturally, are recognized for their role in maintaining the skin barrier and hydration, making them appealing ingredients in skincare and beauty products.
Free Valuable Insights: Global Ceramide Market size to reach USD 146.0 Million by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a 29.22% revenue share in the market. In terms of volume, Europe segment would register 188.46 tonnes of ceramide by 2030. European consumers are increasingly seeking out natural and organic skincare products. It especially those derived from natural sources like plant extracts, align well with this trend. Products marketed as containing natural ceramides may attract consumers looking for safer, eco-friendly alternatives.
The market exhibits competitive dynamics driven by key players such as Evonik Industries, Croda International PLC, Ashland Inc., and Doosan Corporation, among others. Competition is fueled by factors including research and development for innovative product formulations, expansion into new application areas such as skincare and pharmaceuticals, strategic partnerships, and efforts to maintain product quality and regulatory compliance. As consumer awareness of its benefits grows, companies vie for market share through differentiation strategies and market penetration, shaping a dynamic competitive landscape within the industry.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 94.9 Million |
| Market size forecast in 2030 | USD 146.0 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.6% from 2023 to 2030 |
| Number of Pages | 270 |
| Number of Table | 570 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Process, Type, Application, Region |
| Country scope |
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| Companies Included | Ashland Inc., Toyobo Co., Ltd., Doosan Corporation, Arkema S.A., Evonik Industries AG (RAG-Stiftung), Cayman Chemical Company, Inc., Kao Corporation, Croda International PLC, Vantage Specialty Chemicals (H.I.G. Capital, LLC), Incospam Co., Ltd. |
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Process
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
The Market size is projected to reach USD $146.0 million by 2030.
Growing awareness of ceramide benefits in haircare are driving the Market in coming years, however, Limited awareness and understanding of ceramide benefits restraints the growth of the Market.
Ashland Inc., Toyobo Co., Ltd., Doosan Corporation, Arkema S.A., Evonik Industries AG (RAG-Stiftung), Cayman Chemical Company, Inc., Kao Corporation, Croda International PLC, Vantage Specialty Chemicals (H.I.G. Capital, LLC), Incospam Co., Ltd.
In the year 2022, the market attained a volume of 459.83 tonnes, experiencing a growth of 2.6% (2019-2022).
The Plant Extract segment is leading the Market, By Process in 2022; thereby, achieving a market value of $84.8 million by 2030.
The Asia Pacific region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $55.8 million by 2030.
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