Global Squalene Market to Grow at a CAGR of 6.8% During 2024-2032, Aided by the Growing Demand in the Cosmetic Industry

The global market for squalene is driven by the growth of the cosmetic industry. Based on source, the vegetable-based squalene, which is derived from olive oil, amaranth oil, wheat germ, and rice bran oil, holds a significant share in the market and is also expected to witness a significant growth in the forecast period owing to the growing availability of olive oil in many countries. Meanwhile, the shark liver-based squalene is projected to witness a sluggish growth owing to the increasing regulations around shark fishing in countries of North America and Europe. Region-wise, the Asia Pacific is anticipated to grow considerably owing to factors like the rising health awareness, changing lifestyle, and rising disposable incomes in the region.

The growing innovations and developments by major players across the industry will contribute significantly to the industry growth. For instance, in October 2020, Amyris Inc (NASDAQ: AMRS), one of the major market players, announced that the company has made efforts to deliver sustainable alternative to shark based squalene adjuvants to reduce killings of sharks and to enable vaccine development for all- including the ones directed at COVID-19. Such developments are expected to enhance the consumption of squalene in the pharmaceutical industry in the coming years.

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Market Analysis by Source, Application, and Region:

• The market can be divided based on source into shark liver, vegetable, and biosynthetic.
• Based on application, the industry can be divided into cosmetics, food, and pharmaceuticals, among others.
• The regional markets for squalene include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing demand from the cosmetic industry is aiding the market growth.
• The tremendous benefits of squalene and its growing applications in industries like food and pharmaceuticals are further propelling the squalene industry growth.
• The rising use of squalene as a cleanser and moisturiser is facilitating the industry expansion.
• The rising disposable incomes and rapid urbanisation are expected to fuel the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for squalene for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sources, applications, and regions of squalene.
• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global squalene market are Amyris, Inc., Empresa Figueirense de Pesca, Lda,, Arbee Bio Marine Extracts Pvt Ltd, Sophim, Nucelis, and Gracefruit Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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