Topic: Ceramides Market Report and Forecast 2020-2025
The global Ceramides Market size was valued at USD 239.16 million in 2014. It is expected to grow with a CAGR of 5.4% from 2015 to 2022. Social factors, changing lifestyle especially among the young generation, skin aging problems among the older generation, and increasing women workforce are some important factors that are expected to drive ceramide demand in skincare and cosmetic products over the forecast period. Traditionally, synthetic ceramides were used for manufacturing cosmetics and skincare products owing to its inexpensive nature.
The Industrial oils market is estimated to account for a value of USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019, to reach a value of USD 80.7 billion by 2025.