Squalene is a naturally occurring organic compound primarily sourced from shark liver oil, as well as plant-based alternatives like olive oil and amaranth seeds. It is widely used in industries such as cosmetics, pharmaceuticals, and nutraceuticals due to its exceptional moisturizing and antioxidant properties. In cosmetics, squalene is a popular ingredient in anti-aging and skincare products. The squalene industry is shifting towards sustainable, plant-based extraction methods to meet growing environmental concerns and the rising demand for eco-friendly products. This shift is driving innovation and market growth across various sectors.
The squalene market size is projected to reach USD 202 million by 2028, at a CAGR of 6.3%. Rising demand from cosmetics, food, and pharmaceuticals industryis expected to support the growth of the squalene market. However, skepticism over shark fishing is restraining the growth of the market. On the other hand, the availability of new renewable sources for the production of squalenehascreated opportunities for manufacturers.
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Squalene Market Trending key Players
✔️ 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)
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Biosynthetics is projected to register the highest CAGR, in terms of value, of the global squalene during the forecast period.
An environmentally friendly substitute for conventional sources of squalene, including shark liver oil, is biosynthetic squalene. The need for materials obtained responsibly has increased as environmental and social issues become more prominent. Squalene can be produced by biosynthesis without having an adverse effect on the environment, as is the case with conventional extraction techniques. All these factors are expected to drive the demand for biosynthetic sourced squalene during the forecast period.
Cosmetics is estimated to be the largest end-use industry of the squalene, in terms of value, during the forecast period.
The cosmetics segment is estimated to be the largest end-use industry of the squalene market during the forecast period. Squalene has antioxidant properties, which can help protect the skin from oxidative stress and free radical damage. This makes it a valuable ingredient in anti-aging skincare products, as it can help reduce the appearance of fine lines and wrinkles. Increasing demand for cosmetic products specially skin and hair care products is expected to fuel the demand for squalene in cosmetics end-use industry.
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North America is estimated to be the second-largest market for the squalene market, in terms of value, during the forecast period.
The demand for squalene in North America has been influenced by several factors, including its applications in various industries such as cosmetics, skincare, pharmaceuticals, and dietary supplements. North America has a significant cosmetics and skincare market. Squalene is a sought-after ingredient in these industries due to its moisturizing and skin-conditioning properties. It is commonly used in a wide range of beauty products, including moisturizers, serums, and anti-aging treatments. Its use and demand in North America have been helped by regulatory approvals for squalene-based adjuvants and ingredients in cosmetics and pharmaceuticals.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 35)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 SQUALENE MARKET DEFINITION AND INCLUSIONS, BY SOURCE
1.3.2 SQUALENE MARKET DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
1.4 STUDY SCOPE
1.4.1 SQUALENE MARKET SEGMENTATION
1.4.2 REGIONS COVERED
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 1 SQUALENE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews–Demand and supply sides
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) - COLLECTIVE SHARE OF TOP PLAYERS
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE)
2.3 DATA TRIANGULATION
FIGURE 4 SQUALENE MARKET: DATA TRIANGULATION
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.4.1 SUPPLY SIDE
FIGURE 5 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
2.4.2 DEMAND SIDE
FIGURE 6 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
2.5 IMPACT OF RECESSION
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ASSESSMENT
Continued...