Fact.MR – a market research and competitive intelligence supplier, presents a market analysis of phytoceramides. This report provides insights concerning phytoceramide market trends, techno-economic aspects of the business, and product pricing scenarios. According to the study, demand for phytoceramides is anticipated to increase at a CAGR of 5.3% and be valued at US$ 394 Mn by 2031, due to continuous ongoing research into the various use-cases of phytoceramides and dynamic trends in the beauty and cosmetic products space.
Ceramide is a naturally occurring lipid found in the skin. Phytoceramides are ceramides that are derived from plants. Skin smoothening, skin renewal, skin therapy, and dry skin treatment are just a few of the use cases of phytoceramides.
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The growing demand for phytoceramides is expected to drive the growth of the ceramide market during the forecast period. Phytoceramides are ceramides that are found in plants. They consist of strong antioxidants that work against the free radicals that cause skin damage. This slows down the aging process. Furthermore, Phytoceramides protect against pollution and shield the human body from the harmful UV rays of the sun. They are added to combat the natural effects of aging.
As phytoceramides are natural and organic, they are widely used in skincare products. Moreover, the rising demand for natural and organic personal care products will drive the demand for phytoceramides, thereby driving the growth of the ceramide market during the forecast period.
Key Takeaways from Phytoceramides Market Survey
- Driven by increasing investment in research and development activities, the U.S. market for phytoceramides is expected to grow at a CAGR of 4.3% over the forecast period.
- Germany market for liquid phytoceramides is set to expand at a CAGR of 5.1% between 2021and 2031.
- France is leading the market for phytoceramides in Europe and estimated to account for over 23% of global share.
- Owing to growing geriatric population, Japan is projected to expand at a CAGR of 7% over the assessment period 2021-2031.
- Backed by increasing consumption of anti-aging creams, Brazil is anticipated to rise at a CAGR of 5.4% between 2021 and 2031.
Key Drivers
- Rising demand for sun screens and anti-aging creams is accelerating the market growth.
- Increasing demand for organic and natural products is boosting growth of the phytoceramides market.
Key Restraints
- The outbreak of COVID-19 pandemic is a major factor restraining the market growth.
- Gluten-intolerance may hamper demand for wheat sourced phytoceramide supplement.
Competitive landscape
To gain a foothold in the phytoceramides market, these firms are either working with research institutes or are investing in their research centers to develop and fine-tune their technologies and procedures for phytoceramide manufacturing.
Moreover, they actively participate in the development of novel applications of phytoceramides in skin care and cosmetic products through research and collaboration initiatives.
- SEPPIC had acquired E.P.I France in 2021 and added its phytoceramides product offerings to its existing portfolio and in turn, improved its overall geographical reach.
- Matreya LLC was acquired by Cayman Chemical in 2019 and it aided the company in keeping its operation open even during the pandemic situation.
Key Companies Profiled:
- SEPPIC
- E.P.I France
- Matreya LLC
- PLT Health Solution
- Nuojia Biotechnology Co. Ltd.
- Vidya Herbs
- Dongguan Xin Herbs Phytochem Co., Ltd
- Hunan Nutramax Inc.
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Categorization of Phytoceramides Industry Research
- Source
- Rice
- Wheat
- Spinach
- Sweet potatoes
- Potatoes
- Millet
- Kiwi Seed
- Soybeans
- Corn
- Konjac
- Oats
- Others (Bovine etc.)
- Form
- Powder Phytoceramides
- Liquid Phytoceramides
- Grade
- Research Grade Phytoceramides
- Food Grade Phytoceramides
- Cosmetic Grade Phytoceramides
- Application
- Phytoceramides for Nutritional Supplements
- Tablets
- Capsules
- Softgels
- Drinks
- Others
- Phytoceramides for Nutritional Supplements
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?