Global Market Insights Inc. has announced a new global report on Squalene Market. The report projects the market size in terms of volume to surpass 5,300 tons at a growing CAGR of 9% by 2022. Regarding revenue, it is forecast to reach USD 240 million from 2015 to 2022. The report features complete analysis of the market with a focus on drivers, impediments, challenges and opportunities that influence the market. The industry is segmented by source, application, region and competitive landscape. Growth in end-use industries and beneficial properties of the squalene on human health are likely to boost the demand.
Europe led by UK, France, and Germany squalene market is expected to foresee significant growth of over USD 110 million. This is attributed to the growing demand of natural ingredients across personal care and cosmetic products. North America is projected to witness growth over the predicted time frame. Dietary supplement applications are forecast to further the growth in the region. Asia-Pacific region, with strong growth in India and China, is anticipated to register high gains by 2022.
Cosmetics applications dominate industry demand and are likely to continue their dominance in the coming years. Dietary supplements are projected to grow at more than 8.5% CAGR by 2022 and surpass 1,100 tons. Growing consumer awareness regarding healthy lifestyle is likely to further dietary supplement application segment growth.
The report covers the competitive landscape of global squalene market with the main profiles, market strategies, current trends, market structure of the major market players listed in the report. Product development and highly pure products are at the prime focus of the key manufacturers in pharmaceutical and dietary supplement industries.
Key market players include Arista, Amyris, Croda, and Nuelis. Sophim, Arbee Fish Oil, Kishimoto Special Liver Oil Co., Gracefruit, SeaDragon, Empresa Figueirense de Pesca Lda, Coastal Fisheries, Carbomer and Aasha Biochem are other notable names in the industry. Amyris has initiated low-cost farnesene production through metabolic yeast route. This is an essential building block to produce several chemicals, including squalene. Unilever and L’Oreal top personal care & cosmetic companies had announced to substitute shark-derived oils with plant derived oils.
Vegetable sources are poised to register high growth rate and reach USD 130 million over the estimated period. Furthermore, scaling issues for Amyris and regulations on deepwater shark fishing are likely to fuel the market demand for vegetable sources. Shark squalene industry demand is forecast to experience little gains over the next few years.
Browse key industry insights spread across 80 pages with 53 market data tables & 12 figures from the report, “Squalene Market Size By Source (Shark Liver, Vegetable, Synthetic), By Application (Cosmetics, Supplements, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.