Phytosphingosine is an antibacterial and conditioning lipid derived from the fermentation of yeast. The main function of this lipid is to maintain healthy skin and control the generation and regulation of lipids on the external layers of the skin, thus assuring natural and regular moisturization. Phytosphingosine displays antimicrobial and anti-inflammatory properties, and is used in a wide range of cosmetic products such as facewash, cleansing wipes, hair conditioning agents, and facial scrubs.
Market Analysis and Insights: Global Phytosphingosine Market
Due to the COVID-19 pandemic, the global Phytosphingosine market size is estimated to be worth US$ 1743.7 million in 2022 and is forecast to a readjusted size of US$ 2363.5 million by 2028 with a CAGR of 5.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Beolw 98% accounting for % of the Phytosphingosine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Facewash segment is altered to an % CAGR throughout this forecast period.
APAC possesses high potential for the growing personal care & cosmetic market, owing to the strong economic improvement. Increase in need for skin care products, shift toward the use of natural ingredients, and growth in awareness drive growth in this region. Consumers are more inclined toward the use of mild, natural, and non-animal based products. Thus, improvement in lifestyle and increase in consumer awareness about the possible effects of chemical ingredients are expected to provide growth opportunities to the industry players in this region.
Global Phytosphingosine Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Phytosphingosine Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Beolw 98%
98%-99%
Above 99%
Segment by Application
Facewash
Moisturizer
Cleansing Wipes
Others
By Company
Evonik Industries
AK Scientific
Avanti Polar Lipids
Beckmann-Kenko
BOC Sciences
Doosan Corporation
MolPort
Sungwun Pharmacopia
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina