Pune, 07, Dec, 2022: As per Maximize Market research, a global business research and consultancy firm, the total global market for Squalena Market was USD 133.9 Mn in 2021 and is expected to grow at CAGR of 9.2% over the forecast period to reach USD 2226.65 Mn. by 2029.
Squalena Market Scope and Research Methodology
Squalene is a colourless, odourless, non-toxic organic liquid found in animals, plants including human sebum and extracted from shark liver oil. But there are restriction on large scale fishing of shark. Squalena is in between 10 to 12 percent of an individual’s skin oil. It is also used in various vaccine such as influenza and COVID-19 vaccine to improve its efficiency. The Squalena market is segmented by source and end users. The report also covers the market size and forecasts for the squalene market in different countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue.
The bottom-up approach was employed to validate the market size in terms of value and volume by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of Squalena Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Squalena Market. Thus the report provides a detailed overview of the Squalena Market.
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Squalena Market Overview.
The primary factor which is driving squalena market is cosmetics industry which acts as a key factor to grow market. It is used in lipsticks, eye shadows, hair conditioners, foundations, anti-aging creams, and deodorants. This cosmetic industry got hardest hit during lockdown. By the end of 2020 the revenue generated by the cosmetic industry is declined by 20-30%. And it affects the squalena markets. However, the demand for squalene to produce adjuvants for various COVID-19 vaccines has significantly increased during the current situation, enhancing the demand for the market studied. The Asia-Pacific region is the fastest-growing in the squalene market.
Squalena Market Dynamics
Squalena is a liquid which is naturally generated by human skin cells. The production of squalena is at peak during teen age and get drops as age get increase. And skin become drier and harsher. Cosmetics aid in the correction of this natural process by increasing the body’s squalene supply with squalene derived from shark livers or plants. . Squalene is a natural antioxidant that is commonly found in cosmetics and beauty products. So the increasing demand for squalena and its derivatives in cosmetics is boost the growth of squalena market.
Use of squalena tends to reduce risk of cancer. It has been proposed that squalene has anti-carcinogenic effects via lowering farnesyl pyrophosphate levels in cells, where prenylation of FPP is essential for oncogene activation. A technique proposed to minimise cancer risk.
Squalena Market Regional Insights
The Europe region dominated the global squalena market in 2021, accounting for more than 34.1% of global sales. Owing to a growing production of olive oil which is key plant based source of squalena. As well as increased demand for the product from major economies in the region such as Germany, France, the United Kingdom, Italy, and Spain.
The Asia-Pacific region is expected to be the fastest growing market for personal care and food. Squalene’s anti-aging, anti-oxidation, and UV protection capabilities are expected to boost squalene market growth. The fast expansion of the food processing sector in China, India, and ASEAN nations is likely to boost demand for squalene. The growing use of squalene in bath oils, eye makeup, suntan, nail products, body powders, cleansing, moisturising, and other cosmetic and personal care products, as well as the growing demand from the cosmetic and personal care industries in countries such as China and India, are expected to drive the squalene industry.
Squalena Market Segmentation
- Shark Liver Oi
- Amaranth Oil
- Olive Oil
- Rice Bran Oil
By end use
- Personal Care & Cosmetics
- Food & Beverages
Squalena Market Key Manufacturers include:
- Seadragon Marine Oils Limited
- Arbee Biomarine Extracts Pvt. Ltd.
- Kishimoto Special Liver Oil Co. Ltd.
- Empresa Figueirense De Pesca, LDA
- Nucelis LLC
- Arista Industries
- EKIZ Olive Oil & Soap Inc.
- New Zealand Green Health Ltd.
- Rlr Squalene
- Cabomer Inc.
- Blueline Foods Pvt. Ltd.
- Coastal Aquatic Proteins
- Cn Lab Nutrition
- Isho Genki International
- Maruha Nichiro Corporation
- Gracefruit Limited
- VESTAN Squalene Hydrogenation
Key questions answered in the Squalena Market are:
- What is Squalena?
- What is the growth rate of Squalena Market for the forecast period?
- What is the nature of competition in Squalena construction industry in developed and developing economies?
- Who are the key players in the Squalena Market?
- Who are the market leaders in Squalena in Europe
- Who are the market leaders in Squalena in USA and Canada
- Who are the market leaders in Squalena in India, China, Japan and South Korea?
- What are the factors affecting growth in Squalena Market?
- Who held the largest market share in Squalena Market?
- What are the factors for the growth of Asia-Pacific region in Squalena market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by storage type, warehouse type and application.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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