Animal-Sourced Squalene Market size forecast to reach $220 Million by 2025, after growing at a CAGR of 7.8% during 2020-2025. With increasing consumer awareness of the usage of high-quality cosmetic products, the market demand for animal-sourced squalene will grow. Dominance of animal source is mainly due to the price of squalene obtained from animal source is less than that of squalene obtained from vegetable and other sources which will create hurdles for the animal-sourced squalene market due to the stringent governments’ regulations towards protection of animals.
Application – Segment Analysis
Cosmetics holds the largest market share in the Animal-sourced Squalene Market, as Squalene act as lubricants on the skin surface, which gives the skin a soft, smooth appearance. These ingredients also act as hair conditioning agents. Squalene is found in large quantities in shark liver oil, and in smaller amounts in olive oil, wheat germ oil, rice bran oil, yeast, and in various other foodstuffs. Squalene is made by completely hydrogenating squalene. The hydrogenation process can occur naturally in the human body. Squalene – though can be produced from plants – is typically derived from the liver of deep-sea sharks, since these sharks have especially large reserves of squalene, as their livers comprise one-third of their entire weight.
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Geography – Segment Analysis
Europe dominated the animal-sourced squalene Market followed by North America and APAC. Countries such as U.K, Germany, France, Italy among others are the largest market in this region, as these countries are developed countries and people in here are more educated or literate than any other part of the world, so they are more aware of using different cosmetics related to skin care, hair care, among others. Whereas Health centers in these regions are regarded as the best Health centers around the world. Whereas world’s most dominant cosmetic industry players such as L’Oreal (France) and Beiersdorf (Germany) are also in the region.
Drivers – Animal-Sourced Squalene Market
Helps in health Issues
Squalene is a polyunsaturated fatty acid that helps the body absorb cholesterol. It can also be transformed in our bodies into HDL cholesterol, which helps lower the levels of bad (LDL) cholesterol. It also can help generate oxygen in your body, which can have a purifying effect on the blood. Squalene is a major component of human skin surface lipids and helps to keep skin soft and healthy. Squalene is also a unique oxygen generator; this increased oxygen level helps to improve natural metabolism of human body.
Boost Immune system or Immune System Restorer
Squalene is a natural lipid belonging to the terpenoid family and a precursor of cholesterol biosynthesis. It is synthesized in humans and also in a wide array of organisms and substances, from sharks to olives and even bran, among others. squalene enhances the immune response to various associated antigens, and it is therefore being investigated for vaccine delivery applications. Since this triterpene is well absorbed orally, it has been used to improve the oral delivery of therapeutic molecules. All of these qualities have rendered squalene a potentially interesting excipient for pharmaceutical applications.
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Challenges – Animal-sourced Squalene Market
Impact of Covid-19
Covid 19 have majorly impacted the Animal-sourced Squalene market, as most of the Cosmetic, pharmaceutical industries among with others are lockdown. Bigger European cosmetic brands such as Unilever, L’Oreal with others all are shut down because of the lockdown situation. Whereas companies are using social media platforms such as Instagram, YouTube to promote their products and engage more customer base. Due to the lockdown situation throughout the world, international transportation is completely shut down which is likely to create few hurdles for the animal-sourced squalene market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the animal-sourced squalene market. Major players in the animal-sourced squalene Market are Sophim, Amyris, Kishimoto Special Liver Oil Co. Ltd., SeaDragon Marine Oils Limited, Arista Industries Inc., Ekiz Olive Oil & Soap Inc., among others.
In November 2017, Royal DSM, a global science-based company active in health, nutrition and materials and Amyris, Inc., the industrial bioscience company, announced that they have enhanced their strategic alliance through the sale of Amyris Brasil Ltd to DSM and the establishment of a long-term manufacturing partnership for Amyris’ high-volume products.
Europe dominates the animal-sourced squalene market, owing to the high spending power of consumers in the region, as well as the growing demand for natural cosmetics with good quality products
Increasing spending and R&D on oncology medicines, is likely to aid in the market growth of animal-sourced squalene.
Squalene prevents the formation of age spots, protects from UV damage, and promotes cell growth in skin. It is widely used as a cleansing and moisturizing compound in personal care and cosmetic products including, creams, lotions, bath oils, hair conditioners, lipsticks, sunscreens, and others, will increase the market demand for animal-sourced squalene in the near future.
The dominance of animal source is mainly due to the price of squalene obtained from animal source is less than that of squalene obtained from vegetable and other sources which will create hurdles for the animal-sourced squalene Market.
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