Phytosphingosine - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Phytosphingosine - Market Size
The global Phytosphingosine market size is expected to reach US$ 2363.5 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029.

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Phytosphingosine - Market
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.
The market is mainly driven by the significant applications of Phytosphingosine in various end use industries. The expanding demands from the Facewash, Moisturizer, Cleansing Wipes and Others, are propelling Phytosphingosine market. Beolw 98%, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 98%-99% segment is estimated at % CAGR for the next seven-year 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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Phytosphingosine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

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Company Profiles:
• Evonik Industries
• AK Scientific
• Avanti Polar Lipids
• Beckmann-Kenko
• BOC Sciences
• Doosan Corporation
• MolPort
• Sungwun Pharmacopia

Segment by Type:
• Beolw 98%
• 98%-99%
• Above 99%

by Application
• Facewash
• Moisturizer
• Cleansing Wipes
• Others

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