Global Phytosphingosine Market was valued at US$ 1.361 Bn in 2017, and is projected to reach US$ 2.312 Bn by 2026, growing at a CAGR of 6.85% during forecast period.
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Increasing awareness about maintaining and improving skin functions and rising demand for anti-acne products among youth and shifting demand to bio-based cosmetic products are factors driving phyosphingosine market across the globe. Escalating awareness among younger population and changing demographics as a result of rapid urbanization, especially in developing economies, coupled with improving and changing lifestyle of peoples in emerging economies has led to high demand for face wash, moisturizer, and cleansing wipes.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market