Squalene Market Size is Expected to Reach USD 271 Million by 2024 - Research Report by Hexa Research
Squalene is a naturally available organic compound that is found in various sources such as shark liver oil, olive oil, amaranth seed, rice bran, wheat germ as well as in some birds. The market for squalene oil is expected to grow at a rapid pace due to its utility in a wide range of products.
Squalene is a naturally available organic compound that is found in various sources such as shark liver oil, olive oil, amaranth seed, rice bran, wheat germ as well as in some birds. The market for squalene oil is expected to grow at a rapid pace due to its utility in a wide range of products.
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<strong>Hexa</strong> <strong>Research</strong><br />
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<strong>Squalene</strong> <strong>Market</strong> Analys<strong>is</strong>, <strong>Size</strong>, Share, Growth, Industry Trends<br />
and Forecast <strong>Report</strong> up <strong>to</strong> <strong>2024</strong> | <strong>Hexa</strong> <strong>Research</strong><br />
The global squalene market was valued at <strong>USD</strong> 112 million in 2015. It <strong>is</strong> expected <strong>to</strong> grow<br />
at a CAGR of around 10.3% and reach <strong>USD</strong> <strong>271</strong> million over the forecast period (2016 <strong>to</strong><br />
<strong>2024</strong>).<br />
<strong>Squalene</strong> <strong>is</strong> used in a wide range of cosmetic and pharmaceutical products. It <strong>is</strong> known for<br />
its health and nutritional benefits like blood cell rejuvenation, and anti-carcinogen. The<br />
product reduces cholesterol and carcinogen levels, prevalence of cardiovascular d<strong>is</strong>eases<br />
and cancer are anticipated <strong>to</strong> propel market growth till <strong>2024</strong>.<br />
Health controversies and strict government regulations on shark poaching are expected <strong>to</strong><br />
curtail growth. However, advancements in the development of vegetable and synthetic<br />
sources and extraction methods can positively impact market growth. The market <strong>is</strong> split<br />
in<strong>to</strong> raw materials, applications, and geographies.<br />
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Raw materials include animal, vegetable, and synthetic. Vegetable oil <strong>is</strong> naturally available<br />
organic compound found in amaranth oil, rice bran oil, olive oil, wheat germ. Th<strong>is</strong> segment<br />
accounted for around 46% of the overall volume share in 2015.<br />
Browse Detail <strong>Report</strong>@<br />
https://www.hexaresearch.com/research-report/squalene-market<br />
Animal-based squalene <strong>is</strong> extracted from shark liver. Th<strong>is</strong> segment was valued at over <strong>USD</strong><br />
46 million in 2015. Stringent rules against deep-sea shark f<strong>is</strong>hing in North American and<br />
European waters can exhibit a slugg<strong>is</strong>h segment growth.<br />
Applications compr<strong>is</strong>e cosmetics, food, pharmaceuticals, and others. Cosmetics held over<br />
64% of the overall revenue in 2015. Anti-aging and rejuvenating creams contributed <strong>to</strong> the<br />
growth of th<strong>is</strong> segment.<br />
The oil <strong>is</strong> used in personal care and cosmetic products like bath oils, hair conditioners,<br />
lotions, creams, lipsticks, and sunscreens th<strong>is</strong> <strong>is</strong> likely <strong>to</strong> drive the market growth in the<br />
coming years. Pharmaceuticals accounted for 7.7% of the global volume in 2015.<br />
Regions include North America, Europe, Asia Pacific, Latin America, and the Middle East &<br />
Africa (MEA). Europe was held the largest market of over 36.5% of the global volume in<br />
2015. It <strong>is</strong> expected <strong>to</strong> witness a significant growth owing <strong>to</strong> the plant-derived ingredients<br />
products.<br />
Asia Pacific <strong>is</strong> expected <strong>to</strong> grow the fastest at around 10% CAGR till <strong>2024</strong>. Growth can be<br />
attributed <strong>to</strong> the r<strong>is</strong>ing cosmetic and dietary supplement sec<strong>to</strong>rs.<br />
Key global players of the squalene market are Amyr<strong>is</strong> Biotechnologies, Squalan Natural<br />
Health B.V., Gracefruit Limited, Maruha Nichiro Corporation. Amyr<strong>is</strong> Biotechnologies<br />
partnered with Squalan Natural Health B.V. <strong>to</strong> create a new personal care product called<br />
NeossanceSqualane.<br />
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Browse Related Category <strong>Market</strong> <strong>Report</strong>s @<br />
https://www.hexaresearch.com/research-category/food-additives-and-nutricosmeticsindustry<br />
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