Market Overview
The global ceramide market size was worth $YY million in 2020 and is forecasted to reach $YY million by 2028, at a CAGR of 5.6% during the forecast period.
Ceramide, a type of lipid complex, is present in the intercellular spaces of the epidermis layer of skin. Ceramide helps to create a barrier to prevent permeability which locks moisture into the skin and prevent it from dryness and irritation.
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Market Dynamics
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.
Integration is witnessed among manufacturers and suppliers/distributors or manufacturers and end-user companies. A significant number of companies are expected to enter the global market over the forecast period mainly in developing countries such as China, Japan, and Korea.
Industry Forces
According to the FDA’s VCRP database, ceramide 3 has the most reported uses in cosmetic and personal care products, with a total of 359; the majority of the uses is in leave-on skincare preparations.
FDA regulates ceramide under the Federal Food, Drug and Cosmetic Act (FD&C Act). Under this law, cosmetics must not be adulterated or misbranded. For instance, they must be safe for consumers under labelled or customary conditions of use, and they must be properly labelled. Any colour additives they contain must be approved for the intended use, and some must be from batches certified in FDA’s own labs.
Market Segmentation
Market Segmentation – By Type – Sphingosine
The sphingosine market was valued at USD 27.64 million in 2020 and the market is estimated to grow at a CAGR of 5.85% in the forecast period to reach a market value of USD 43.02 million by 2028.
Ceramides are a type of waxy lipid found in nature. Ceramides are a combination of sphingosine and fatty acid. Ceramides are abundant in eukaryotic cell membranes because they are component lipids of sphingomyelin, one of the major lipids in a lipid bilayer. Ceramides and other sphingolipids found in cell membranes can participate in various cellular signalling, including regulating cell differentiation, proliferation, and programmed cell death (PCD).
Geographical Analysis – North America
North America has the third-largest market share due to increasing expenditure levels on beauty products and changing lifestyles.
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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Competitive Landscape
Anderson Global Group LLC (Anderson Advanced Ingredients)
October 13, 2020 Approval
Based on the strength of two published human clinical trials and the associated compelling results, Japan’s Ministry of Health, Labour and Welfare (Korosho) has approved the CeraLOK rice ceramide powder. Studies indicate that rice-derived glucosyl ceramides help maintain and protect the moisture in the skin.
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