According to the report published by Zion Market Research, the global Squalene Market size was valued at USD 148 Million in 2023 and is predicted to reach USD 265.8 Million by the end of 2032. The market is expected to grow with a CAGR of 6.84% during the forecast period.
The main factor driving demand is probably the increasing usage of natural ingredients in cosmetics and personal care products. One of the most widely used emollients in the world, squalene is translucent, odorless, and hydrating. Its non-toxicity makes it a popular ingredient in personal care products.
Squalene oil is also used in the consumer market to counteract free radicals, which harm the skin and accelerate the aging process. The rising use of squalene in vaccines is another factor propelling the market’s expansion. It is a crucial part of vaccinations, particularly the COVID-19 vaccines because of how well it works to boost the immune system.
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Increased spending on cancer medications and R&D in the oncology sector are anticipated to propel the market. Diets enriched with squalene have been shown to enhance immune system performance in experiment after experiment. The main markets for plant-based squalene are anticipated to see growth, including anti-aging and moisturizing creams and emollients. Because of their anti-inflammatory and antioxidant properties, lotions, ointments, creams, and lipsticks are highly sought after.
The main sources of squalene are olive oil and shark liver oil. Olive oil is a major source of harvesting in the United States due to the restrictions placed on marine animal poaching under the Marine Mammal Protection Act Policies (MMPA), which prohibit the take of marine mammals, such as shooting animals, acquiring, or killing them in the waters and by citizens of the United States on the high seas.
The statute also forbids the entry of marine mammals and products derived from them into the country without the required authorization. This could result in the United States using more synthetic or plant-based squalene than animal-based squalene in the upcoming years.
Dynamics of the Market
Key goods in this market, which is a sizable portion of the personal care and cosmetics industry, are creams, serums, oils, and masks. Colorless and odorless, squalene is a widely used emollient since it mimics the natural oils found in the skin. It can come from both plants and animals (olives and plant-based squalene made by nutraceutical companies).
Shark population concerns have sparked criticism about squalene derived from animals. As a result, the squalene used in cosmetics is now derived from vegetables. Squalene plays a variety of roles in skincare. It contributes to the anti-aging process by shielding the skin from free radicals. Squalene is one of the key emollients in personal care products because it keeps skin supple and moisturized.
Other emollients, such as terpene oils (rice bran oil and amarath oil), are also contributing to the growth of this industry. Notwithstanding the advantages, it is essential to guarantee the toxicity and safety levels of these goods by following laws such as the Marine Mammal Protection Act (MMPA). Using 2023 as the base year, our analysts examined market research and growth data as well as important market trends, challenges, and growth analysis. In order to achieve a competitive advantage, organizations should improve their marketing strategy by conducting a comprehensive analysis of drivers, trends, and challenges.
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Analysis of Squalene Markets:
Key Market Drivers: The increasing use of squalene in personal care products because of its moisturizing and anti-aging qualities is driving the market’s moderate expansion.
Important Market Trends: One of the most significant developments in the squalene business is the growing advancements in product formulations, which include squalene incorporation into functional meals and dietary supplements.
Geographic Trends: Europe leads the market because people there are becoming more and more conscious of the advantages of skin care. However, because squalene-based supplements are becoming more and more popular in the Asia Pacific region, this industry is expanding quickly.
Competitive Landscape: Major companies are making investments in research and development to create novel and sustainable squalene source techniques. Arista Industries Inc., Otto Chemie Pvt. Ltd., Nucelis Inc. (Cibus Ltd.), Kishimoto Special Liver Oil, Gracefruit Limited, and Merck KGaA are a few of the leading market participants in the squalene business, among several others.
Opportunities and Challenges: Tight regulatory restrictions pertaining to extraction techniques and the erratic availability of squalene from natural sources are challenges. However, it is anticipated that these obstacles will be overcome by growing uses in the pharmaceutical and nutraceutical industries as well as technological developments in environmentally friendly production techniques.
Squalene Market: Competitive players
The key players of the global squalene market are:
- Empresa Figueirense De Pesca
- LDA
- Kishimoto Special Liver Oil Co. Ltd.
- Sophim
- Maruha Nichiro Corporation
- Amyris
- Seadragon Marine Oils Limited.
The Global Squalene Market is segmented as follows:
By Sources
- sugar canes
- olive oil
- wheat germ oil
- amaranth oil
- rice bran oil
By Development
- The governmental regulations
- NGO activities
- rising environmental issues
By Driving factor
- New and innovative technologies
- growing demand from the customer industries
Global Squalene Market: Regional Segment Analysis
- North America U.S.
- Europe UK France Germany
- Asia Pacific China Japan India
- Latin America Brazil
- Middle East and Africa
Important Businesses
In order to increase their market presence, businesses are putting several market growth and forecasting strategies into practice by examining elements including partnerships, mergers and acquisitions, geographic expansion, and the introduction of new products or services.
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The research also contains information about 15 market companies and thorough analysis of the competitive landscape of the industry, such as:
ARISTA INDUSTRIES, BOCSCI Inc., Cibus, Croda International Plc, Evonik Industries AG, Gracefruit Ltd., MacroCare Tech Ltd., Majestic Mountain Sage Inc., Maruha Nichiro Corp., Maypro Group, Micro Capsule Technologies, New Zealand Green Health Ltd., Parchem Fine and Specialty Chemicals Inc., Seadragon, Sophim, and VESTAN were among the companies mentioned.
In order to assist clients in understanding the larger business environment as well as the advantages and disadvantages of major market participants, qualitative and quantitative analyses of organizations have been performed. Companies are classified as pure play, industry-focused, category-focused, and diversified using qualitative analysis of the data; dominant, leading, strong, tentative, and weak are classified using quantitative analysis of the same data.
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