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Markets and Markets : Squalene Market worth $204 million by 2024

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08/23/2019 | 03:03am EDT

The report 'Squalene Market by Source Type (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region - Global Forecast to 2024', is projected to reach USD 204 million by 2024, at a CAGR of 7.8% from USD 140 million in 2019.

Browse 116 market data Tables and 47 Figures spread through 128 Pages and in-depth TOC on 'Squalene Market by Source Type (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region - Global Forecast to 2024'
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/squalene-market-542345.html

The growth of the squalene market is primarily triggered by the growth in cosmetics and pharmaceuticals industry. Rising R&D in the oncology segment along with increasing spending on oncology medicines is expected to drive the market for squalene in the coming years. The global pharmaceuticals sales were USD 916 billion in 2016, and it has increased to USD 982 billion in 2018.

Growth in the cosmetics industry is also a driver for the squalene market. The growing cosmetics industry in emerging markets such as Brazil, China, and India; increasing consumer awareness of the usage of high-quality cosmetic products; and willingness to pay premium prices are driving the cosmetics industry at the global level. Collectively, all these reasons will support the demand for squalene in the coming years.

Animal sourced squalene is thelargest segment of the squalene market.

Animal sourced squalene estimated to lead the squalene market, in terms of value, in 2019. This dominance is mainly due to low cost, high squalene content, and superior purity & efficiency in every end-use industry. The growth is expected to be the highest in the market in APAC due to the high potential of squalene demand in various end-use industries.

Cosmetics is estimated to be the largest end-use industry of the squalene market during the forecast period.

The cosmetics segment is estimated to be the largest application of squalene during the forecast period. In cosmetics, squalene has various applications in all the segments of the industry such as facial care, hand & body care, and sun care. The demand for squalene-containing products is primarily driven by the APAC market. The variables driving demand in the sector are increasing customer consciousness, risks associated with sun exposure, and readiness to pay premium rates.

Europe is estimated to be the largest market for squalene during the forecast period.

Europe is the largest market for squalene, followed by APAC and North America. Demand for high-quality cosmetic, food supplement, and end-use pharmaceutical products drives the regions squalene market. In the previous few years, the market has experienced a change from animal squalene to the vegetable sourced product. High-spending power of consumers and the increasing demand for luxury products will continue to drive the squalene market in the region during the forecast period.

The key market players profiled in the report include as Kishimoto Special Liver Oil Co. Ltd. (Japan), Amyris (US), Sophim (France), SeaDragon Marine Oils Limited (New Zealand), Empresa Figueirense De Pesca, Lda (Portugal), Nucelis LLC (US), Arista Industries Inc. (US), Ekiz Olive Oil & Soap Inc. (Turkey), New Zealand GreenHealth Limited (New Zealand), and Arbee BiomarineExtracts Pvt. Ltd. (India).

Don't miss out on business opportunities in Keyword. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the 'Growth Engagement Model - GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, 'Knowledgestore' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Disclaimer

Markets and Markets Limited published this content on 23 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2019 07:02:07 UTC

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