10th December 2019 – The global Squalene
Market size is expected to value at USD 271.5 million by 2024. The
market is subject to witness a substantial growth due to the increasing health
consciousness among general population, and growing adoption for production of
various drugs, food supplement, and cosmetics. Squalene is majorly found in
shark liver oil and other vegetables sources.
Extraction of squalene from olive oil,
rice bran oil, and wheat germ oil is common practice in various parts across
the globe. Globally, the squalene market is predicted to grow at CAGR of 10.7%
over the forecast period, providing numerous opportunities for market players
to invest in research and development of the market.
Increasing consummation of the squalene
is attributed to its health advantages and higher nutritional content. Regular
consummation of the squalene offers advantages such as white blood-cell
regeneration, immunity system stimulus, anti-carcinogen, and anti-oxidant
properties, thus propelling market growth, in the recent years.
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Growing adoption of the squalene as a
scrubbing and conditioning compound in personal care and cosmetic merchandises
such as ointments, liniments, lipsticks, bath soaps, suntan lotion, hair-care
products, and foundations are expected to boost the market demand for squalene
in the upcoming years.
Squalene is majorly immersed into the
skin unlike other compound that leaves behind an oily residue. Squalene has
ability to mix with other types of oils. These factors are predicted to fuel
the growth of squalene industry over the forecast period. Increasing demand for
squalene from personal care and cosmetic industry, particularly from Asia
Pacific region is anticipated to stimulate the growth of squalene industry as
well. Massive demand for cosmetic products from developing economies across the
globe owing to the increasing preference towards natural & organic
ingredients are predicted to offer lucrative growth opportunities for industry
players over the forecast period.
Additionally, implementation of the
attractive marketing & packaging strategies by large-scale organizations
are promoting market expansion, in the recent years. Other factors influencing
rapid market demand for squalene, in the last few years, include prevalence of
cancer and cardiovascular diseases, and large-scale adoption of squalene
derivatives for production of various pharmaceuticals. Squalene is capable of
reducing carcinogen and cholesterol levels, which is beneficial for treatment
of cancer and cardiovascular diseases.
However, volatility in the cost of raw
material coupled with stringent laws and regulations on shark poaching and
health controversies are limiting market growth to a certain extent. Yet,
recent advancement in the extraction methods and development of vegetable and
synthetic sources are estimated to fuel market demand over the forecast period.
The squalene market is broadly categorized into two major types based on the
applications such as cosmetics segment and pharmaceutical segment. The
cosmetics is considered as one of the fastest growing segment in the market
with substantial revue generation in the last couple of years.
Growing popularity of the cosmetic
market segment is attributed to growing demand for anti-aging and rejuvenating
creams among middle-aged women. The pharmaceutical market segment has also
witnessed massive growth, in the recent years, owing to the increasing funding
for research & development activities for production of novel drugs and
medicines.
The squalene industry is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the
implementation of latest technologies in chemical manufacturing sector,
changing lifestyle, and existence of well-established industrial infrastructure
in the region. Asia-Pacific region is predicted to hold major market share in
the squalene market with massive growth in forecast period. Countries such as
India, China, South Korea, Indonesia, and Malaysia are leading the Asia-Pacific
market with increasing health consciousness among general population, growing demand
for dietary supplements, strong economic growth, rising disposable income, and
significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the squalene industry
are Amyris Biotechnologies, Inc., Arista Industries, Inc., Nucelis LLC,
EmpresaFigueirense De PescaLda, Maruha Nichiro Co., Arbee Aquatic Proteins
Pvt., Ltd., Sophim S.A., Gracefruit Ltd., VESTAN S.A., SeaDragon Marine Oils
Ltd., and Kishimoto Special Liver Oil Co., Ltd.
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