IMARC Group’s report titled “Squalene Market Report by Source Type (Animal, Vegetable, Synthetic), Application (Cosmetics, Food, Pharmaceuticals, and Others), and Region 2024–2032”. offers a comprehensive analysis of the industry, which comprises insights on the global squalene market trends. The global market size reached US$ 145.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 257.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024–2032.
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Factors Affecting the Growth of the Squalene Industry:
● Rising Demand for Natural and Organic Cosmetics:
Increasing preferences for natural and organic personal care products are impelling the market growth. Consumers are increasingly becoming aware about the potential health risks associated with synthetic ingredients, prompting a shift towards natural alternatives. Squalene is derived from plant sources like olives and sugarcane and is favored for its emollient and moisturizing properties. Cosmetic companies are incorporating squalene into a variety of skincare and haircare products. Additionally, the trend toward clean beauty, which emphasizes transparency and natural ingredients, is bolstering the market growth.
● Growth in the Pharmaceutical Industry:
Squalene is recognized for its role in enhancing immune response, making it a crucial component in vaccine adjuvants. The rising focus on vaccine development and immunization programs is bolstering the market growth. Additionally, squalene’s potential health benefits, such as its antioxidant and anti-inflammatory properties, are leading to its inclusion in nutraceuticals and dietary supplements. The growing prevalence of chronic diseases, along with the increasing focus on preventive healthcare, is offering a positive market outlook. Additionally, key players are focusing on research and development (R&D) activities to explore new therapeutic applications of squalene within this industry.
● Technological Advancements in Extraction Methods:
Innovations in the extraction and production of squalene are impelling the market growth. Advancements in extraction techniques are enabling more sustainable and cost-effective methods, particularly from plant sources like olives and sugarcane, reducing reliance on shark liver oil and addressing environmental and ethical concerns. These advancements are improving the purity and quality of squalene, enhancing its efficacy in various applications. As production processes become more efficient and scalable, the availability and affordability of squalene increase, making it more accessible for use in a wide range of industries.
Leading Companies Operating in the Global Squalene Industry:
- Amyris Inc.
- Arbee Agencies
- Arista Industries Inc.
- Empresa Figueirense De Pesca Lda
- Gracefruit Limited
- Kishimoto Special Liver Oil
- Maruha Nichiro Corporation
- Nucelis Inc. (Cibus Ltd.)
- SeaDragon Marine Oils Limited
- Sophim
- VESTAN Squalene Hydrogenation and Purification
Squalene Market Report Segmentation:
By Source Type:
- Animal
- Vegetable
- Synthetic
Animal represents the largest segment as it offers moisturizing and skin-softening properties.
By Application:
- Cosmetics
- Food
- Pharmaceuticals
- Others
Cosmetics hold the biggest market share due to the rising focus on providing smooth texture.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe enjoys a leading position in the squalene market on account of increasing preferences for natural and sustainable ingredients.
Global Squalene Market Trends:
The rising awareness among individuals about the benefits of squalene, such as its antioxidant properties, is impelling the market growth. Squalene helps in neutralizing free radicals, which is beneficial in preventing cell damage and aging. Its hydrating and skin-repairing qualities make it a popular ingredient in dermatological products. Consumers are becoming more informed about the benefits of squalene in health supplements and skincare products increases.
In addition, increasing preferences for certified organic squalene among eco-conscious consumers is bolstering the market growth. Besides this, positive regulatory frameworks and approvals for squalene use in various applications is propelling the market growth.
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