openPR Logo
Press release

Covid-19 Impact of the Phytosphingosine Market | Key players like AK Scientific, Beckmann-Kenko, BOC Sciences, Doosan, Evonik, MolPort, Sigma-Aldrich, Tokyo Chemical

05-25-2021 03:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Phytosphingosine Market

Phytosphingosine Market

Phytosphingosine Market size to grow at of 6.5% CAGR from 2017 to 2023. The research offers a detailed segmentation of the global petroleum coke market. Key segments analyzed in the research include type, process, shell material, application, end user and geography.

Request Sample Copy of This Report: https://www.alliedmarketresearch.com/request-sample/7951

Based on region, Europe dominated the global market in 2016 and is anticipated to remain dominant throughout the period. The growth of the European phytosphingosine market is driven by the shift in preference toward natural beauty products and rise in consumer attention toward anti-aging products. Saturation in the European cosmetic market and increase in consumer health and environmental awareness provide numerous growth opportunity for natural cosmetic products in this region, thus increase in the demand for phytosphingosine. Evonik Industries AG, MolPort, and Beckmann-Kenko GmbH are few of the leading players operating in the European phytosphingosine market.

However, Asia-Pacific witnessed the second-highest growth rate during the forecast period. Change in lifestyle, higher disposable income, variation in climatic conditions, and surge in demand for skin & sun care products augment the market growth. Phytosphingosine is known to diminish signs of aging such as wrinkles, spots, and dullness. Thus, growth in aging & young population, rise in number of women entering the workplace, and increased women spending power boost the use of cosmetics, thus, fueling the growth further. Moreover, high demand for natural and herbal beauty & personal care products is expected to create ample growth opportunities for market expansion.

The key players in phytosphingosine industry focus to expand their operations in the emerging countries by adopting various strategies such as acquisition and contact/agreement. The major players profiled in this report include AK Scientific Inc., Avanti Polar Lipids, Inc., Beckmann-Kenko GmbH, BOC Sciences, Doosan Corporation, Evonik Industries AG, MolPort, Sigma-Aldrich Co. LLC, Sungwun Pharmacopia Co. Ltd., and Tokyo Chemical Industry Co., Ltd.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4529

Key Findings of the Phytosphingosine Market:
1. In 2016, facewash accounted for the maximum market revenue, and is projected to grow at a CAGR of 6.1 % during the forecast period.
2. Moisturizer accounted for the maximum share in 2016, accounting for $335.8 million.
3. Europe generated the maximum revenue in 2016 and is anticipated to dominate the other regions during the forecast period.
4. Rest of LAMEA is the major shareholder in the LAMEA phytosphingosine industry, and accounted for more than 50% share in 2016.

Facewash is anticipated to grow at the fastest rate by 2023 because phytosphingosine as an ingredient in facewash is high in demand. Consumers are more inclined towards the use of natural solutions to maintain and improve skin functions, which is expected to provide substantial growth opportunity to the industry players. Facewash containing phytosphingosine cleanses, purifies, and tones the skin. The increase in use of phytosphingosine as an ingredient in facewashes, owing to its quality of reducing spots & blemishes, drives the global market.

Get More Trending News:

https://www.openpr.com/news/2288348/conductive-adhesive-market-size-is-estimated-to-register

https://www.openpr.com/news/2289140/armor-materials-market-to-see-5-3-cagr-from-2020-to-2027

https://www.openpr.com/news/2289188/plastic-coatings-market-to-witness-substantial-growth

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Covid-19 Impact of the Phytosphingosine Market | Key players like AK Scientific, Beckmann-Kenko, BOC Sciences, Doosan, Evonik, MolPort, Sigma-Aldrich, Tokyo Chemical here

News-ID: 2290036 • Views:

More Releases from Allied Market Research

Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by the year 2030, as projected by Allied Market Research.
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by th …
According to a new report published by Allied Market Research, titled, "home beer brewing machine market by product type, mechanism, and distribution channel: global opportunity analysis and industry forecast, 2021-2030," The global home beer brewing machine market size was valued at $19.1 million in 2020, and is projected to reach $25.4 million by 2030, registering a CAGR of 3.0% from 2021 to 2030. Request a report sample to gain comprehensive insights
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 25.5% through the year 2030, according to Allied Market Research.
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate …
According to a new report published by Allied Market Research, titled, "Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030. Hospitality Robots Market by Type (Front Desk Robots, Delivery Robots, Cleaning Robots and Others) and end user (Hotels,

All 5 Releases


More Releases for Phytosphingosine

Phytosphingosine Market to Witness a Pronounce Growth at CAGR During 2018-2028
Global Phytosphingosine Market: Overview People across the globe are getting more cautious and vigilant about the products they are putting on their skin. As a result skin care industry is gaining major traction these days. Incorporation of organic and in-organic compounds that can maintain the moisture of the skin without any side-effects is the prime focus of the organizations dealing in the skin care industry. Consequently, the use of phytosphingosine
Phytosphingosine Market: Emerging Trends And New Technologies Research To Reach …
According to a new report published by Allied Market Research, titled, Phytosphingosine Market by Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the phytosphingosine market was valued at $1,215.5 million in 2016, and is projected to reach $1,882.9 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. Moisturizer was the highest revenue generating application in 2016, accounted for $693.4 million. The segment is projected to dominate
Phytosphingosine Market: Popular Trends And Technological Advancements To Reach …
According to a new report published by Allied Market Research, titled, Phytosphingosine Market by Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the phytosphingosine market was valued at $1,215.5 million in 2016, and is projected to reach $1,882.9 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. Moisturizer was the highest revenue generating application in 2016, accounted for $693.4 million. The segment is projected to dominate
Phytosphingosine Market Highlights On Evolution 2028 | Facewash, Moisturizer, Cl …
Global Phytosphingosine Market: Overview People across the globe are getting more cautious and vigilant about the products they are putting on their skin. As a result skin care industry is gaining major traction these days. Incorporation of organic and in-organic compounds that can maintain the moisture of the skin without any side-effects is the prime focus of the organizations dealing in the skin care industry. Consequently, the use of phytosphingosine
Phytosphingosine Market Research Approach, Forthcoming Developments, Growth Chal …
Phytosphingosine Market by Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the phytosphingosine market was valued at $1,215.5 million in 2016, and is projected to reach $1,882.9 million by 2023, growing at a CAGR of 6.5% from 2017 to 2023. Moisturizer was the highest revenue generating application in 2016, accounted for $693.4 million. The segment is projected to dominate the market in coming years. Access Full Summary at : https://www.alliedmarketresearch.com/phytosphingosine-market Anti-acne products
Huge revenue visibility in Phytosphingosine industry with new investments cashin …
Phytosphingosine Market Overview: Phytosphingosine Market was valued at $1,215.5 million in 2016, and is expected to reach $1,882.9 million by 2023, registering a CAGR of 6.5 % from 2017 to 2023. 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