The latest report by IMARC Group, titled “Squalene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global squalene market demand. The global market size reached US$ 135.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 206.5 Million by 2028, exhibiting a growth rate (CAGR) of 7.16% during 2023-2028.

Squalene is a naturally occurring organic compound belonging to the lipids class known as terpenes. It is primarily found in the livers of deep-sea sharks and some plant sources such as olives, amaranth seeds, and rice bran. It is a precursor to cholesterol and is essential for synthesizing steroid hormones. Additionally, it serves as an antioxidant, helping to protect cells from oxidative damage. It is also valued for its excellent moisturizing properties and compatibility with the skin’s natural oils. It is often employed in creams and lotions to improve skin hydration and texture in the skincare and cosmetic industry. As a result, squalene is gaining immense traction across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/squalene-market/requestsample

Squalene Market Trends and Drivers:

The squalene market is primarily driven by the increasing product use in the cosmetics and skincare industry. In addition, the rising demand for squalene due to its exceptional moisturizing properties employed in various skincare products, such as creams, serums, and moisturizers to mimic the skin’s natural sebum and provide intense hydration without clogging pores is influencing the market growth. Along with this, the rising awareness of the importance of skincare and personal grooming leads to an expanding consumer base, thus augmenting the market growth. Moreover, the increasing use of squalene in the pharmaceutical and healthcare sectors as an adjuvant in certain vaccines enhances their effectiveness, especially in the case of influenza vaccines, which represents another major growth-inducing factor. Also, the ongoing research and development (R&D) in the healthcare industry is opening new avenues for squalene’s utilization, further escalating the product demand. Furthermore, the shift toward squalene derived from sustainable and renewable sources, such as olive and amaranth seed oil, propels the market growth.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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
  • VESTAN Squalene Hydrogenation and Purification.

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Source Type:

  • Animal
  • Vegetable
  • Synthetic

Breakup by Application:

  • Cosmetics
  • Food
  • Pharmaceuticals
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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