The ceramide market size is set to grow by $138.6 million from 2022 to 2027. 

 

However, the growth momentum will be progressing at a CAGR of almost 6.12% during the forecast period, according to Technavio. The ceramide market is fragmented, and the companies are seeking strong partnerships with automotive, industrial and commercial companies to compete in the market. 

 

Anderson Global Group LLC, Arkema SA, Ashland Inc., Brenntag SE, Cayman Chemical Co., Croda International Plc, Doosan Corp., Evonik Industries AG, Incospharm, Jarchem Industries Inc., Kao Corp., MacroCare Tech Ltd., Matreya LLC, Plamed Green Science Group, Shaanxi Pioneer Biotech Co. Ltd., Shiseido Co. Ltd., Surfachem Group Ltd, Toronto Research Chemicals Inc., Toyobo Co. Ltd. and Vantage Specialty Chemicals Inc. are some of the major market participants.

 

The ceramide market is fragmented, and the degree of fragmentation will accelerate. The growing geriatric population base will offer immense growth opportunities. However, the threat of natural alternatives will hamper the market growth, the market research firm says.

Growing demand for phytoceramides is notably driving market growth. Phytoceramides are a type of ceramide that is naturally found in plant; they possess powerful antioxidants that can fight the harmful effects of free radicals on the skin, thereby delaying the aging process. The advantages of using phytoceramides in skincare products incorporate lowering the appearance of lines, wrinkles and age spots, as well as hydrating the skin, firming up the facial skin, and clearing bags under the eyes. The demand for phytoceramides, as demand for natural and organic personal care products continues to rise, is anticipated to grow during the forecast period, which will, in turn, drive the demand for ceramides.