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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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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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