Squalene Market Drivers and Opportunities [2021-2031]
The Squalene Market is expected to register a CAGR of 4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by source (animal, vegetable and others). The report further presents analysis based on application (cosmetics, pharmaceuticals and nutraceuticals, food and beverages and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Squalene Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Squalene Market Segmentation
Source- Animal
- Vegetable and Others
- Cosmetics
- Pharmaceuticals and Nutraceuticals
- Food and Beverages and Others
Strategic Insights
Squalene Market Growth Drivers- Advancements in Extraction and Production Technologies: Recent advancements in extraction and production technologies augment the benefits of squalene efficiency and sustainability in its production. Creatives like supercritical fluid extraction or enzymatic ones are all geared towards producing high purities from plant sources but only at minimal environmental impact. These advances are not just augmenting the yields; they also bring down dependence on animal sources and squalene processing that appeals to the consumer for cruelty-free and sustainable products.
- Increased Research and Development: Increased research and development activities into various new applications and advantages of squalene have made their way into this budding market niche of squalene. Some of the issues under study range from dermatology to oncology and immunology. This will lead to more extensive and modern formulations and applications of squalene, opening up more markets and running innovations in the industry.
- Strategic Partnerships and Collaborations: An increase in strategic partnerships and collaboration between key squalene players, including manufacturers, research institutions, and cosmetic companies, is being observed. These partnerships aim to enhance product development, improve supply chain efficiency, and promote the benefits of squalene across applications. Stakeholders will benefit from sped-up innovation and more effective meeting of the evolving consumer needs through the shared expertise of different stakeholders.
- Rising Demand for Squalene in Cosmetics and Personal Care: Cosmetics and the personal care industry demand squalene as one of its most prominent applications. The overall appeal of squalene to cosmetics lies in its emollient property. The increased demand for squalene is primarily due to customers emphasizing and opting for natural and organic ingredients in their products. Much more publicity is coming out regarding the advantages of using natural ingredients compared with synthetic ingredients, which has increased the formulation of squalene-based products like moisturizers, serums, and anti-aging creams.
- Escalating Demand from Squalene in Pharmaceuticals and Vaccines: The introduction of squalene in the pharmacy field has gained recognition owing to its health aspects, especially its emerging use as an adjuvant in vaccines and its role in new drug formulation. The major thrust on recent trends in vaccine development, in the wake of recent global health challenges, has increased the demand for squalene as one of its key components for vaccine formulation. Growth in the pharmaceutical industry is crucial to this interest in the squalene market, with manufacturers wanting to explore and combine squalene in cutting-edge health solutions.
- Green Preferences and Plant-Based Squalene: The transition towards green preference and plant-based products among end-users and this green turn is influencing this squalene market. However, the minor sources of false squalene include traditional ones, particularly shark liver oil. As people raise environmental and ethical concerns and shift to plant sources growing in popularity- such as olives and sugarcane- the trends become more aligned with sustainability in consumer goods. Hence, many manufacturers search and promote alternative plant-based squalene solutions.
- Expansion into Developing Countries: The squalene market has significant potential for expanding into new and developing countries such as Asia-Pacific, Latin America, and Africa. Demand for cosmetics, personal care products, and medicines is predicted to rise in these regions as disposable incomes and economic growth have continued. Companies would benefit from having local production facilities and regional distributors that better serve these markets.
- Innovation in Squalene-based Formulations: There is good scope for manufacturers to innovate in squalene-based formulations that meet consumer-specific needs. This could be for sensitive skin, anti-aging needs, or conditions such as acne or psoriasis, allowing companies to carve out their unique competitive identity from blandness. This product innovation will allow manufacturers to reach a broader customer segment and improve loyalty to their brands.
- Squalene in Food and Nutraceuticals: Potential squalene in emerging opportunities is increasingly within food and nutraceutical markets: squalene's health properties have acknowledged effects such as antioxidant action and potential immune-homing. A growing market in "functional" foods, which consumers show increasing interest in, offers an opportunity for this incorporation of squalene into dietary and health supplements: obviously, wellness-featured products are where the demand grows.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Squalene Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Squalene Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Innovations in extraction and production techniques is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the squalene market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Amyris; Merck KGaA; Arbee; Maypro; SOPHIM IBERIA S.L. are some of the key players operating in the squalene market
Rising demand in the cosmetics and personal care is driving the market growth
The Squalene Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Squalene Market - By Type
1.3.2 Squalene Market - By End-Use Industry
1.3.3 Squalene Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SQUALENE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SQUALENE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SQUALENE MARKET - GLOBAL MARKET ANALYSIS
6.1. SQUALENE - GLOBAL MARKET OVERVIEW
6.2. SQUALENE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SQUALENE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANIMAL SOURCE
7.3.1. Overview
7.3.2. Animal Source Market Forecast and Analysis
7.4. VEGETABLE SOURCE
7.4.1. Overview
7.4.2. Vegetable Source Market Forecast and Analysis
7.4.3. Macadamia nut Market
7.4.3.1. Overview
7.4.3.2. Macadamia nut Market Forecast and Analysis
7.5. BIOSYNTHETIC
7.5.1. Overview
7.5.2. Biosynthetic Market Forecast and Analysis
8. SQUALENE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. COSMETIC
8.3.1. Overview
8.3.2. Cosmetic Market Forecast and Analysis
8.4. FOOD
8.4.1. Overview
8.4.2. Food Market Forecast and Analysis
8.5. PHARMACEUTICAL
8.5.1. Overview
8.5.2. Pharmaceutical Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SQUALENE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Squalene Market Overview
9.1.2 North America Squalene Market Forecasts and Analysis
9.1.3 North America Squalene Market Forecasts and Analysis - By Type
9.1.4 North America Squalene Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Squalene Market Forecasts and Analysis - By Countries
9.1.5.1 United States Squalene Market
9.1.5.1.1 United States Squalene Market by Type
9.1.5.1.2 United States Squalene Market by End-Use Industry
9.1.5.2 Canada Squalene Market
9.1.5.2.1 Canada Squalene Market by Type
9.1.5.2.2 Canada Squalene Market by End-Use Industry
9.1.5.3 Mexico Squalene Market
9.1.5.3.1 Mexico Squalene Market by Type
9.1.5.3.2 Mexico Squalene Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Squalene Market Overview
9.2.2 Europe Squalene Market Forecasts and Analysis
9.2.3 Europe Squalene Market Forecasts and Analysis - By Type
9.2.4 Europe Squalene Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Squalene Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Squalene Market
9.2.5.1.1 Germany Squalene Market by Type
9.2.5.1.2 Germany Squalene Market by End-Use Industry
9.2.5.2 France Squalene Market
9.2.5.2.1 France Squalene Market by Type
9.2.5.2.2 France Squalene Market by End-Use Industry
9.2.5.3 Italy Squalene Market
9.2.5.3.1 Italy Squalene Market by Type
9.2.5.3.2 Italy Squalene Market by End-Use Industry
9.2.5.4 United Kingdom Squalene Market
9.2.5.4.1 United Kingdom Squalene Market by Type
9.2.5.4.2 United Kingdom Squalene Market by End-Use Industry
9.2.5.5 Russia Squalene Market
9.2.5.5.1 Russia Squalene Market by Type
9.2.5.5.2 Russia Squalene Market by End-Use Industry
9.2.5.6 Rest of Europe Squalene Market
9.2.5.6.1 Rest of Europe Squalene Market by Type
9.2.5.6.2 Rest of Europe Squalene Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Squalene Market Overview
9.3.2 Asia-Pacific Squalene Market Forecasts and Analysis
9.3.3 Asia-Pacific Squalene Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Squalene Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Squalene Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Squalene Market
9.3.5.1.1 Australia Squalene Market by Type
9.3.5.1.2 Australia Squalene Market by End-Use Industry
9.3.5.2 China Squalene Market
9.3.5.2.1 China Squalene Market by Type
9.3.5.2.2 China Squalene Market by End-Use Industry
9.3.5.3 India Squalene Market
9.3.5.3.1 India Squalene Market by Type
9.3.5.3.2 India Squalene Market by End-Use Industry
9.3.5.4 Japan Squalene Market
9.3.5.4.1 Japan Squalene Market by Type
9.3.5.4.2 Japan Squalene Market by End-Use Industry
9.3.5.5 South Korea Squalene Market
9.3.5.5.1 South Korea Squalene Market by Type
9.3.5.5.2 South Korea Squalene Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Squalene Market
9.3.5.6.1 Rest of Asia-Pacific Squalene Market by Type
9.3.5.6.2 Rest of Asia-Pacific Squalene Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Squalene Market Overview
9.4.2 Middle East and Africa Squalene Market Forecasts and Analysis
9.4.3 Middle East and Africa Squalene Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Squalene Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Squalene Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Squalene Market
9.4.5.1.1 South Africa Squalene Market by Type
9.4.5.1.2 South Africa Squalene Market by End-Use Industry
9.4.5.2 Saudi Arabia Squalene Market
9.4.5.2.1 Saudi Arabia Squalene Market by Type
9.4.5.2.2 Saudi Arabia Squalene Market by End-Use Industry
9.4.5.3 U.A.E Squalene Market
9.4.5.3.1 U.A.E Squalene Market by Type
9.4.5.3.2 U.A.E Squalene Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Squalene Market
9.4.5.4.1 Rest of Middle East and Africa Squalene Market by Type
9.4.5.4.2 Rest of Middle East and Africa Squalene Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Squalene Market Overview
9.5.2 South and Central America Squalene Market Forecasts and Analysis
9.5.3 South and Central America Squalene Market Forecasts and Analysis - By Type
9.5.4 South and Central America Squalene Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Squalene Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Squalene Market
9.5.5.1.1 Brazil Squalene Market by Type
9.5.5.1.2 Brazil Squalene Market by End-Use Industry
9.5.5.2 Argentina Squalene Market
9.5.5.2.1 Argentina Squalene Market by Type
9.5.5.2.2 Argentina Squalene Market by End-Use Industry
9.5.5.3 Rest of South and Central America Squalene Market
9.5.5.3.1 Rest of South and Central America Squalene Market by Type
9.5.5.3.2 Rest of South and Central America Squalene Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SQUALENE MARKET, KEY COMPANY PROFILES
11.1. AMYRIS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARBEE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARISTA INDUSTRIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARBOMER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CNLAB NUTRITION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EMPRESA FIGUEIRENSE DE PESCA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KISHIMOTO SPECIAL LIVER OIL CO. LTD.ENUCELIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NZ GREEN HEALTH LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOPHIM
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Amyris
2. Arbee
3. Arista Industries
4. Carbomer
5. CNLAB NUTRITION
6. Empresa Figueirense de Pesca
7. Kishimoto Special Liver Oil Co. Ltd.ENucelis
8. NZ Green Health Ltd
9. Sophim
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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