The global squalene industry is expected to reach $198 million by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global 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 – Forecast to 2027” is added ResearchAndMarkets.coms offer.

The squalene market is estimated to grow to $198 million in 2027, up from $143 million in 2022, at a CAGR of 6.8%.

Growth in the pharmaceutical industry is expected to be a major driver of squalene demand going forward. The increase in pharmaceutical R&D activities has led to an increase in potential applications of squalene in various end-use sectors.

Increasing R&D activity in the oncology segment, along with increasing spending on oncology drugs, is expected to drive the market. For example, experimental studies have shown that diets containing squalene lead to better immune system performance.

In addition, laboratory studies have confirmed that squalene improves the function of macrophages (a macrophage is a type of white blood cell that kills microorganisms, eliminates dead cells, and stimulates cells of the immune system). In addition, it exhibits antiviral, antifungal and antibacterial properties that make it suitable for use in the pharmaceutical industry.

Squalene of animal origin was the second largest source type by value in 2021

According to National Geographic magazine, at least 5 of the 202 COVID-19 vaccines manufactured by various pharmaceutical companies around the world rely on animal-derived squalene. According to the New York Times, 68.5% of the world’s population has received at least one dose of the COVID-19 vaccine. Therefore, the demand for animal-derived squalene will increase until everyone is vaccinated, which is expected to be the end of 2024.

Cosmetics was the largest end-user industry in the squalene market by value in 2021

The sustainability of the squalene market in the cosmetics industry depends on the skin care segment of the industry. Squalene has various applications in all different categories of the skin care segment, such as facial care, hand & body care and sun care. Increasing consumer awareness about using high quality products and willingness to pay for premium products are the main factors driving demand in the region. The growing awareness of the dangers of sun exposure is a key factor contributing to the growth of the market in the skin care segment of the cosmetics industry.

North America was the second largest market for squalene by value in 2021

The North American squalene market is experiencing moderate growth due to the maturity of the region’s industrial sector. Increasing awareness about beauty care and increased availability of advanced products are driving the demand for squalene in the region. The strict regulations imposed by governments for environmental protection and skepticism related to animal-derived squalene have led to an increase in the demand for biosynthetic squalene.

Market dynamics

Drivers

  • R&D activities in the pharmaceutical industry

  • Rising Popularity in Nutraceuticals

  • Growing demand for cosmetic products

  • Beneficial to human health

  • Ask about COVID-19 vaccines

limits

  • Consumer skepticism about animal-derived products and shark fishing restrictions

Possibilities

  • New renewable resources for squalene production

Challenges

  • Fluctuating cost of raw materials

Mentioned companies

  • Aasha Biochem

  • Advonex International Corporation

  • Amyris, Inc.

  • Arbee

  • Arista Industries

  • Blueline Foods (India) Pvt. Ltd.

  • Carbomer, Inc.

  • Caroi’Line Cosmetics

  • food

  • Clariant AG

  • Coastal Group

  • Empresa Figueirense De Pesca, Lda

  • Evonik Industries AG

  • Issho Genki International Inc.

  • Kishimoto Special Liver Oil Co. Ltd.

  • Maypro

  • Merck KGaA

  • My squalene

  • Natural life Australia

  • New Zealand Green Health Ltd.

  • Oleic acid, SL

  • Otto Chemistry Pvt. Ltd.

  • Sofia

  • Tianjin Winning Health Products Co.Ltd (Win)

  • Triplenin

For more information on this report, please visit https://www.researchandmarkets.com/r/587q2b

The global squalene industry is expected to reach $198 million by 2027 – ResearchAndMarkets.com

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