Regional Growth And Industry Applications Propel Squalene Market To 2028

By Author: Jack Martin
Total Articles: 256
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The global Squalene market is projected to experience remarkable growth in the coming years, driven by increasing consumer demand for natural and sustainable ingredients across various industries, including cosmetics, pharmaceuticals, and food. The Squalene Market size was USD 141 million in 2022 and is projected to reach USD 202 million by 2028, at a CAGR of 6.3%, between 2023 and 2028.

Market Overview

Squalene, a naturally occurring compound found in shark liver oil and various plant sources such as olive oil, amaranth oil, and rice bran oil, is renowned for its moisturizing and antioxidant properties. It is extensively used in the cosmetics industry for its ability to hydrate and protect the skin. Additionally, squalene is utilized in the pharmaceutical sector for its potential health benefits, including immune system support and cholesterol management. The food industry also incorporates squalene as a dietary supplement due to its nutritional value.

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Key Market Drivers

Rising Demand for Natural and Organic ...
... Products: Consumers are increasingly seeking natural and organic ingredients in their skincare, dietary supplements, and pharmaceuticals. Squalene, derived from both animal and plant sources, fits perfectly into this trend, driving its demand in the market.

Expanding Cosmetics and Personal Care Industry: The global cosmetics and personal care industry is booming, with a growing emphasis on products that offer natural and effective solutions. Squalene’s exceptional moisturizing and anti-aging properties make it a sought-after ingredient in skincare and haircare products.

Health Benefits and Nutritional Value: Squalene’s potential health benefits, such as its role in supporting the immune system and managing cholesterol levels, are contributing to its increased use in dietary supplements and functional foods. The growing awareness of these benefits is further propelling market growth.

Sustainable and Ethical Sourcing: The shift towards sustainable and ethical sourcing of ingredients is gaining momentum. Plant-based squalene, derived from sources like olives and amaranth, is becoming increasingly popular due to concerns over the environmental impact of shark-derived squalene. This shift is driving innovation and investment in sustainable production methods.

Market Segmentation

The global squalene market is segmented based on source, application, and region. Key segments include:

Source: Animal-based (shark liver oil), plant-based (olive oil, amaranth oil, rice bran oil), and synthetic.
Application: Cosmetics and personal care, pharmaceuticals, and food supplements.
Region: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Regional Insights

North America: The North American squalene market is expected to witness substantial growth, driven by the rising demand for natural and organic cosmetics and dietary supplements. The United States is a key market, with consumers increasingly preferring sustainable and ethically sourced products.

Europe: Europe is a significant market for squalene, with a strong focus on sustainable and eco-friendly products. Countries such as France, Germany, and the UK are leading the adoption of plant-based squalene in cosmetics and pharmaceuticals.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in the cosmetics and personal care industry, particularly in countries like China, Japan, and South Korea. The increasing awareness of squalene’s benefits and the demand for high-quality skincare products are driving market expansion.

Latin America: Latin America is witnessing increased investments in the cosmetics and pharmaceutical sectors, with Brazil and Mexico emerging as key markets for squalene. The region’s focus on natural and organic products is contributing to market growth.

Middle East & Africa: The Middle East & Africa region is gradually adopting squalene in cosmetics and dietary supplements. The growing middle-class population and rising awareness of health and wellness products are fueling market demand.

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Competitive Landscape

The squalene market is characterized by the presence of several key players, including Amyris, Inc (US), SOPHIM (France), Merck KGaA (Germany), Kishimoto Special Liver Oil Co., Ltd. (Japan), Empresa Figueirense De Pesca (Portugal), Arbee (India), Cibus (US), Otto Chemie Pvt. Ltd. (India), Arista Industries (US), Oleicfat s.l. (Spain) and others. These companies are focusing on strategic collaborations, product innovations, and sustainable sourcing to strengthen their market position and cater to evolving consumer preferences.

Innovations and Trends

Sustainable Sourcing: Companies are investing in the development of sustainable and ethical sourcing methods, particularly for plant-based squalene. This shift is driven by environmental concerns and consumer demand for eco-friendly products.

Product Innovation: The introduction of innovative squalene-based products, such as advanced skincare formulations and dietary supplements, is driving market growth. These products offer enhanced benefits and cater to the specific needs of consumers.

Research and Development: Ongoing research and development activities are focused on exploring new applications of squalene and improving production methods. This is expected to unlock new growth opportunities in the market.

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