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The global squalene market exhibited moderate growth during 2015-2020. Squalene is a naturally occurring unsaturated liquid hydrocarbon commonly obtained from plants, such as olives, palm oil and wheat germ, and shark liver oil. It is commonly used as an intermediate for the biosynthesis of cholesterol and can also be artificially synthesized using yeast. Squalene is widely utilized in the manufacturing of health foods, vaccines, cosmetics, personal care products, nutraceuticals and high-grade machine lubricants. It acts as a chemo-preventive agent and antioxidant, which aids in restoring the immune system and increasing the production of collagen in skin cells.
Significant growth in the cosmetics industry across the globe represents one of the key factors creating a positive outlook for the market. Squalene gets instantly absorbed by human skin and is widely used as a cleansing and moisturizing compound in various skincare products, such as creams, lotions, lipsticks, bath oils, hair conditioners and foundations. Moreover, the increasing demand for dietary supplements among the masses is also driving the market growth. Regular consumption of squalene supplements can aid in the prevention of arthritis, asthma and psoriasis. Additionally, the utilization of sustainable and advanced oil extraction methods and various product innovations, such as the production of squalene using natural and organic ingredients, are acting as other growth-inducing factors. Product manufacturers are also using aggressive promotional strategies through social media platforms and online retail channels to attract a wider consumer base. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities in the field of biotechnology, are anticipated to drive the market further. Looking forward, IMARC Group expects the global squalene market to grow at a CAGR of around 7% during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the global squalene market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Amyris Inc., Arbee Agencies, Arista Industries Inc., Empresa Figueirense De Pesca Lda, Gracefruit Limited, Kishimoto Special Liver Oil, Maruha Nichiro Corporation, Nucelis Inc. (Cibus Ltd.), SeaDragon Marine Oils Limited, Sophim and VESTAN Squalene Hydrogenation and Purification.
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