Fractional integration of summable functions: Maz'ya's $\Phi$-inequalities

We study the inequalities of the type $|\int_{\mathbb{R}^d} \Phi(K*f)| \lesssim \|f\|_{L_1(\mathbb{R}^d)}^p$, where the kernel $K$ is homogeneous of order $\alpha - d$ and possibly vector-valued, the function $\Phi$ is positively $p$-homogeneous, and $p = d/(d-\alpha)$. Under mild regularity assumptions on $K$ and $\Phi$, we find necessary and sufficient conditions on these functions under which the inequality holds true with a uniform constant for all sufficiently regular functions $f$.