Squalene Market to be Driven by Rising Production of Various Drugs, Food Supplement and Cosmetics Till 2024 | Million Insights
FELTON, California, October 16, 2018 /PRNewswire/ --
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.
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.
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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.
Browse reports of similar category available with Million Insights:
Global Squalene Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• Animal
• Vegetable
• Synthetic
Global Squalene Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• Food
• Pharmaceuticals
• Cosmetics
• Other
Global Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Asia Pacific
• China
• Japan
• South Korea
• Latin America
• Brazil
• MEA
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