Rising nutritional and dietary supplements demand coupled with increasing application in cosmetics and pharmaceutical industry is expected to fuel squalene market growth over the forecast period. Health benefits related with squalene such as blood cell rejuvenating, high nutritional value, immune system strengthening and temperature versatility is anticipated to drive market growth over the forecast period. Squalene has intrinsic anti-ageing and moisturizing properties that finds application in cosmetic industries. Rising demand for anti-ageing creams among middle-aged consumers is projected to increase demand over the next six years. Leading companies in global market are investing heavily in R&D to develop new cost effective protein extraction techniques which is expected to create huge opportunities over the forecast period.
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On the basis of source, squalene market has been segmented into vegetable and animal sources. Animal source had the largest market share in 2013 on account of abundant availability and ease of extraction techniques. Majority of squalene is extracted from shark lever oil. Squalene extracted from vegetable sources is expected to gain market share in near future owing to increasing popularity among vegan population coupled with increasing government legislations for restricting shark poaching. On the basis of applications, the market has been segmented into pharmaceuticals, food and cosmetics. Pharmaceuticals were the largest application segment in 2013 and are expected to remain the dominant segment over the forecast period.
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Asia Pacific dominated the global squalene market in 2013 and is expected to witness above average growth rates over the next six years owing to its use in cosmetic & pharmaceuticals industries in emerging economies such as India and China. Majority of future demand is estimated to come from economies such as Brazil, France, South Africa, Vietnam and India.
Leading market participants are adopting strategies such as collaborations with biotechnology firms and long-term supply contracts to increase market penetration. Major companies in global squalene market include Amyris Biotechnologies, Empresa Figueirense De Pesca (EFP), Arista Industries Inc. and Ekiz Olive Oil & Soap Inc.
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