Squalene is a natural oily liquid hydrocarbon found in plants and animals. It is commonly found in large quantities in animal oil. It is the most common lipids produced by human skin cells, making up approximately 10% of our sebum. It is widely used as chemo-preventive agent, antioxidant, and immune system restorer in cosmetics, medical, nutraceuticals, and other end use sectors.
Rise in disposable income and awareness for hygiene and personal grooming activities has increased demand for various cosmetic products where squalene is widely used in creams and lotions to increase their absorption and spreadability. This is expected to aggressively penetrate and boost demand for squalene in the growing cosmetics industry. In addition, increasing severity of diseases has led to rise in growth of the healthcare sector where squalene is used as antioxidant and immune system restorer in various medicines and food supplements. This factor positively drive growth of the squalene market.
However, stringent rules and regulations imposed by several wildlife protection agencies to stop animal killings may moderately impact production of squalene from various animals. This hampers growth of the squalene market during the forecast period.
On the contrary, rise in R&D activities has led to potential applications of squalene in various end use sectors. For instance, laboratory studies have confirmed that squalene enhances function of macrophages that makes it suitable to be used as a prime immune booster ingredient. Furthermore, it exhibits anti-viral, anti-fungal, and anti-bacterial properties that make it suitable for use in pharmaceutical sector. This is anticipated to increase in sales of squalene in several end use sectors; thus creating lucrative opportunities for the market.
The global squalene market analysis is done on the basis of source, end use industry, and region. Depending on source, the market is divided into animal, vegetable, and synthetic biotechnology. On the basis of end use industry, it is fragmented into cosmetics, nutraceuticals, and healthcare. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global squalene market profiles leading players that include Amyris, Inc., ARISTA INDUSTRIES INC, Empresa Figueirense De Pesca, Lda, Gracefruit Limited, Kshimoto Special Liver Oil Co., LTD., New Zealand Green Health Ltd, NUCELIS LLC, Otto Chemie Pvt. Ltd., SEADRAGON MARINE OILS LIMITED, and SOPHIM IBERIA S.L.
The global squalene market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits for Stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study
- The profiles of key players and their key strategic developments are enlisted in the report
Key Market Segments
By Source
- Animal
- Vegetable
- Synthetic Biotechnology
By End use industry
- Cosmetics
- Nutraceuticals
- Healthcare
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key players in the global squalene market are:
1. Amyris, Inc.2. ARISTA INDUSTRIES INC
3. Empresa Figueirense De Pesca, Lda
4. Gracefruit Limited
5. Kshimoto Special Liver Oil Co., LTD.
6. New Zealand Green Health Ltd
7. NUCELIS LLC
8. Otto Chemie Pvt. Ltd.
9. SEADRAGON MARINE OILS LIMITED
10. SOPHIM IBERIA S.L
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Table of Contents
Executive Summary
According to a new report titled, squalene market by source, and end use industry: global opportunity analysis and industry forecast, 2021–2030, “the global squalene market was valued at $114.5 million in 2020, and is projected to reach $241.6 million by 2030, growing at a CAGR of 7.8% from 2021 to 2030”.Squalene is a natural oily liquid hydrocarbon found in plants and animals. It is commonly found in large quantities in animal oil. It is the most common lipid produced by human skin cells, making up approximately 10% of sebum.
Growth of cosmetics, health, and nutraceuticals industries is expected to fuel the market growth during the forecast period. Furthermore, increase in value & potential of dietary supplements and the fact that squalene is used as a chemo-preventive agent is expected to drive the global squalene market.
However, the overall slowdown in extraction of squalene from animals, owing to government regulations and volatility in pricings of raw materials are expected to hamper growth of the global squalene market during the forecast period.
On the contrary, the use of squalene as an antioxidant and immune system support is expected to offer major opportunities to the global squalene market.
The squalene market is segmented on the basis of source, end use industry, and region.
By source, the market is segregated into animal, vegetable, and synthetic biotechnology. The animal segment dominated the global market, in terms of revenue in 2020, with 70.2% of the total share. This is attributed to increase demand for animal-derived squalene among various end use sectors such as cosmetics & personal care, pharmaceutical, nutraceuticals, and others.
By end use industry the global market is divided into cosmetics, nutraceuticals, and healthcare. The cosmetics segment dominated the global market, in terms of revenue in 2020, with 85.1% of the total share. This is attributed to the increasing awareness for personal grooming activities where squalene is widely used in creams and lotions to enhance its spreadability and absorption.
Region-wise, the squalene market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific squalene market size is projected to grow at the highest CAGR during the forecast period, owing to rise in cosmetic and healthcare sectors that have enhanced demand for squalene in the Asia-Pacific. Moreover, the nutraceutical sector is witnessing a rapid growth, owing to rise in awareness for healthy lifestyles where squalene is widely used as a prime food supplement. These factors propel squalene market in this region.
Key players operating in the global squalene market include Amyris, Inc., ARISTA INDUSTRIES INC, Empresa Figueirense De Pesca, Lda, Gracefruit Limited, Kshimoto Special Liver Oil Co., LTD., New Zealand Green Health Ltd, NUCELIS LLC, Otto Chemie Pvt. Ltd., SEADRAGON MARINE OILS LIMITED, and SOPHIM IBERIA S.L.
COVID-19 analysis
Novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and economy around the globe. The major end-users of squalene such as cosmetics, and nutraceuticals have been negatively impacted due to the ongoing pandemic outbreak. The ongoing health crisis has increased the supply-demand gap hampering the global squalene supply chain. In addition, several biotech laboratories have either shut down or shrank their operations, owing to risk of infections among the workforce. This has reduced production rate of squalene to witness a downfall amid the COVID-19 pandemic. Moreover, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which, in turn, have reduced the use of squalene among several end-use sectors. In 2020, squalene prices are expected to be higher in Asia. The price rise is due to continued regional demand trends and tight product availability. Firm downstream demand for squalene and stronger upstream costs are expected to sustain the price gain. However, dependence of squalene on healthcare and nutraceuticals sector may lead the squalene market to recover soon post COVID-19 scenario. For instance, according to a report published by the U.S. National Library of Medicine, the sales for dietary supplements in the U.S. increased by 44% in April 2020 as compared to April 2019. This is expected to enhance performance of the squalene market post-COVID-19 scenario.
Key Findings Of The Study
- The animal segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 70% from 2021 to 2030
- The cosmetics segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 77% from 2021 to 2030
- Europe garnered the highest share of 37.5% in 2020, in terms of revenue, growing at a CAGR of 80%
Companies Mentioned
- Amyris, Inc.
- ARISTA INDUSTRIES INC
- EMPRESA FIGUEIRENSE DE PESCA, LDA
- Gracefruit Limited
- Kshimoto Special Liver Oil Co., LTD.
- New Zealand Green Health Ltd
- NUCELIS LLC
- Otto Chemie Pvt. Ltd.
- Seadragon Marine Oils Limited
- SOPHIM IBERIA S.L.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 221 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 114.5 million |
Forecasted Market Value ( USD | $ 241.6 million |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |