IMARC Group, a leading market research company, has released a report titled “Squalene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global squalene 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 found in various sources, including plants, animals, and humans. It belongs to a class of compounds known as triterpenes and is structurally classified as a hydrocarbon, composed of six isoprene units. Its molecular formula is C30H50. One of the primary natural sources of squalene is shark liver oil, where it serves as a vital component of their buoyancy. However, squalene is also present in smaller quantities in plants like olives, wheat germ, and amaranth seeds. In humans, it is produced as an intermediate compound in the synthesis of cholesterol. Squalene has gained significant attention due to its various potential applications. It is widely used in the cosmetic and skincare industry for its moisturizing and emollient properties. It is known to help improve the skin’s hydration, promote elasticity, and protect against moisture loss. Furthermore, squalene has been explored for its potential medicinal uses. It has shown promise as an adjuvant in vaccines, enhancing the immune response to antigens. Squalene-based adjuvants have been used in vaccines against influenza and hepatitis B.
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Squalene Market Trends and Drivers:
Squalene’s antioxidant properties make it suitable for preserving food products and extending their shelf life. The food industry has also recognized the value of squalene as a natural antioxidant and flavor enhancer. As a result, it is used to enhance the flavor and aroma of various food and beverage items, including sauces, dressings, and nutritional supplements. Additionally, with the growing concerns about sustainability and animal welfare, there is a significant shift toward plant-based squalene derived from renewable sources. Manufacturers are exploring alternative sources, such as amaranth seeds, rice bran, and sugarcane to produce squalene, catering to the increasing demand for plant-derived and vegan-friendly products. Besides this, the squalene industry is increasingly adopting eco-friendly and sustainable production methods. Manufacturers are investing in environmentally responsible extraction and purification processes, reducing the environmental impact of squalene production. This trend aligns with the rising consumer demand for products that are both effective and environmentally conscious. Other than this, ongoing research and development efforts are focused on improving the efficiency of squalene extraction and purification methods. Innovations such as molecular distillation, supercritical fluid extraction, and biotechnological approaches are being explored to enhance the yield and purity of squalene, making it more cost-effective and accessible to manufacturers. Moreover, clean beauty which emphasizes the use of natural and non-toxic ingredients, has gained significant traction. Squalene, with its natural origin and skin-nourishing properties, is being incorporated into clean beauty formulations. Brands are promoting squalene as a key ingredient in their products, appealing to consumers seeking safe and transparent beauty options.
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
- VESTAN Squalene Hydrogenation and Purification.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Source Type:
Breakup by Application:
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
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