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 2025″, The squalene market is projected to reach USD 184 million by 2025, at a CAGR of 7.3% from USD 129 million in 2020.
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Animal sourced squalene estimated to lead the squalene market, in terms of value, in 2019. This dominance is mainly due to low cost, high squalene content, and superior purity & efficiency in every end-use industry. The growth is expected to be the highest in the market in APAC due to the high potential of squalene demand in various end-use industries.
The cosmetics segment is estimated to be the largest application of squalene during the forecast period. In cosmetics, squalene has various applications in all the segments of the industry such as facial care, hand & body care, and sun care. The demand for squalene-containing products is primarily driven by the APAC market. The variables driving demand in the sector are increasing customer consciousness, risks associated with sun exposure, and readiness to pay premium rates.
Browse and in-depth TOC on “Squalene Market – Global Forecast to 2025”
234 – Tables
39 – Figures
178 – Pages
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The squalene market size is projected to reach USD 184 million by 2025 from USD 129 million in 2020, at a CAGR of 7.3%. Rising demand from cosmetics, food, and pharmaceuticals industry is expected to support the growth of the squalene market. However, skepticism over shark fishing is restraining the growth of the market. On the other hand, the availability of new renewable sources for the production of squalene has created opportunities for manufacturers.
Kishimoto Special Liver Oil Co. Ltd. (Japan), Sophim (France), Amyris (US), Arbee Biomarine Extracts Pvt. Ltd. (India) and Ekiz Olive Oil & Soap Inc. (Turkey) are the major players in this market.
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Amyris (US) is one of the leading producers of squalene. The company actively invests in R&D for creating innovative solutions for the production of squalane from more sustainable feedstock. For instance, it is the only company to produce squalane from sugarcane, which has turned into a major threat for its competitors. The company gives major emphasis on its farnesene molecule for the development of renewable squalane.
Kishimoto Special Liver Oil Co. Ltd. (Japan) is a leading player in this market. The company invests vigorously in R&D for new technologies and innovations in product development. The company aims to expand its presence in the APAC region by targeting the market where the demand for the squalene is high.
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