According to the new market research report “Squalene Market by Source Type (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast), End-use Industry (Cosmetics, Food and Pharmaceuticals) and Region – Global Forecast to 2027″, will grow to USD 198 million by 2027, at a CAGR of 6.8% from USD 143 million in 2022.
Don’t miss out on business opportunities in Squalene Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
This growth is primarily triggered by the growing demand for cosmetic products. The cosmetics industry stands to be the growing segment, owing to the increasing consumer awareness, along with higher consumer spending power for natural cosmetics and personal care products. Squalene is found in several moisturizers and face creams due to its immense benefits for the skin, and it is a prominent ingredient in anti-aging creams. The growing demand for natural ingredients (especially plant-derived), for cosmetic and personal care products by consumers because of the harmful effects of fossil fuel sources is most likely to drive the squalene market.
Vegetable-source is estimated to be the largest source type of squalene market in 2021
Vegetable-sourced squalene accounted for the largest share of the global squalene market, in 2021. It is costlier than animal-sourced squalene due to the lower concentration of squalene. With new technologies and bigger centralized production units, the prices are expected to decrease marginally in the future. The disapproval and regulations restraining the hunting of sharks have popularized the vegetable sources for obtaining squalene. Also, the increasing demand for cosmetic products is driving the market for vegetable-sourced squalene.
Browse and in-depth TOC on “Squalene Market – Global Forecast to 2027”
304 – Tables
55 – Figures
233 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/squalene-market-542345.html
The squalene market is estimated to grow to USD 198 million by 2027 from USD 143 million in 2022, at a CAGR of 6.8% between 2022 and 2027. Growth in R&D activities in pharmaceuticals industry and rising popularity in nutraceuticals is expected to support the growth of the squalene market. However, consumer skepticism about animal-sourced products and limitations on shark fishing is restraining the growth of the market. On the other hand, new renewable sources for production have created opportunities for manufacturers.
Amyris, Inc (US), SOPHIM (France), Merck KGaA (Germany), Kishimoto Special Liver Oil Co., Ltd. (Japan), Empresa Figueirense De Pesca (Portugal), Arbee (India), Oleicfat S.L. (Spain), NZ Green Health Ltd. (New Zealand), Otto Chemie Pvt. Ltd. (India) and Cibus (US), among others are the major players in this market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=542345
Amyris, Inc. is a biotechnology company that manufactures and commercializes consumer products and ingredients such as clean beauty, personal care, and health & wellness consumer products. The company also sells sustainable ingredients to sector leaders that serve flavor & fragrance (F&F), nutrition, food & beverage, and clean beauty & personal care end markets. The common stock of the company is traded on the NASDAQ Global Select Market under the symbol AMRS. The company operates its business into three segments: renewable products, licenses and royalties, and collaborations, grants and other. The company offers squalene through the renewable products segment.
SOPHIM is a company specializing in the manufacturing of natural ingredients for the cosmetics industry. The core business of the company is based on the expertise of innovative distillation, esterification, and hydrogenation processes. The company has divided its product portfolio into four categories: natural emollients such as squalene & silicone alternatives, texture agents, fixing agents, and vegetable oils in cosmetics.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/squalene-market.asp