Squalene Market to be dominated by Growth in Cosmetic and Pharmaceutical Industries through 2027
Increasing demand for
cosmetics and personal care products will spearhead the squalene market in the
forecast period, 2023-2027.
According to TechSci Research
report, “Squalene Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global squalene market
is anticipated to grow at a significant rate in the forecast period, 2023-2027.
The increase in demand for cosmetics and personal care products are the primary
factors driving the demand for the global squalene market. Growing expansion of
pharmaceutical and cosmetic industries, consumption of dietary supplements is
expected to influence the market demand. The increasing awareness of
nutritional and health benefits and upsurge in demand for natural and organic
ingredient is also a key factor for increasing the growth of the squalene
market, globally.
However, Stringent regulations employed by
the General Fisheries Commission of the Mediterranean (GFCM), Northeast
Atlantic Fisheries Commission (NEAFC), Commission for Conservation of Antarctic
Marine Living Resources (CCAMLR) toward shark killing concerns and fishing
limitations likely hamper the growth of the market in the
forecast period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Squalene Market"
The global squalene
market is segmented into source, end user, and company. Based
on the source, the market is bifurcated into animal-based squalene, plant-based squalene, and biosynthetic squalene.
The plant-based Squalene segment is expected to witness largest market share. This
is attributed to the quick shift toward organic sources such as vegetables for
production of squalene. Besides, increase in awareness regarding environment
and strict regulations enforced by various governments to produce animal-based squalene
has made the manufacturers become more linear towards using vegetables as a
prime source for squalene production. This factor is rising growth of this
segment in the global market.
Based on end user,
the market is divided into cosmetics, pharmaceuticals, food, and others.
The cosmetics segment is anticipated to grow during the forecast period. This
is attributed to surge in awareness regarding personal grooming, which is
propelling the cosmetics where squalene is extensively used in creams, bath
oils, foundations and lotions to enhance its absorption. Furthermore,
increasing young population has led to rise in demand for various beauty care
products, which is likely to increase sales of squalene for enhancing
absorption in creams, lotions and foundations. These factors are propelling the
growth of the cosmetics segment in the global squalene market.
Major
operating companies operating in global squalene market are:
·
Amyris,
Inc
·
Merck
KGaA
·
Kishimoto
Special Liver Oil Co., Ltd.
·
Sophim
·
Empresa
Figueirense De Pesca, Lda
·
Cibus
Ltd.
·
Arbee
Biomarine Extracts Pvt Ltd
·
Nucelis
LLC
·
Maruha
Nichiro Corporation
·
Gracefruit
Limited
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“Europe region dominates the
market in 2021 and is expected to maintain its dominance in the coming years
due to increase in cosmetics and personal care products. Europe is one of the
largest cosmetic industries in the world. Also, the higher spending power,
increased demand for squalene from the pharmaceutical, demand for dietary
supplements, and rising demand for premium cosmetics are expected to propel the
global squalene market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Squalene Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By
Source (Animal Based Squalene, Plant Based Squalene, Biosynthetic Squalene), By
End User Industry (Cosmetics, Pharmaceuticals, Food, Others), By Company, and
By Region”, has evaluated the future growth
potential of global squalene and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global squalene market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com