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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Squalene Market Growth
The squalene industry growth is being driven by the growing demand for squalene in various industries, particularly cosmetics. The escalating use of squalene as a moisturiser is enhancing the industry's growth. The growing awareness about detoxifying, hydrating, and emollient properties of the product, coupled with its several health benefits, such as rejuvenation of white blood cells, stimulation of the immune system, and others, is favouring the growth of the industry.
Furthermore, the proliferating use of squalene in the pharmaceuticals and food supplements industry is aiding the market growth. Squalene is immensely used in the pharmaceutical industry as it reduces carcinogen and cholesterol levels and helps in the treatment of cancer and cardiovascular diseases. Other factors like rapid urbanisation and escalating disposable incomes are driving the sales of cosmetics and health supplements, which, in turn, is also aiding squalene demand growth.
Squalene Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global squalene market attained a value of nearly USD 171.51 million.
The market is estimated to grow at a CAGR of 6.8% between 2024 and 2032.
The major drivers of the market include the proliferating use of squalene in the pharmaceutical and food supplements market, escalating disposable incomes, rising demand for natural and organic ingredients, attractive packaging options, and the increased focus on appearance and grooming.
The growing demand for squalene in various industries, particularly cosmetics and the growing awareness about detoxifying, hydrating, and emollient properties of the product are the key trends of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the source, which includes Shark liver, vegetable, and biosynthetic.
Based on the application, the market is divided into cosmetics, food, and pharmaceuticals, among others.
The market key players are Amyris, Inc., Empresa Figueirense de Pesca, Lda, Arbee Bio Marine Extracts Pvt Ltd, Sophim, Nucelis, and Gracefruit Limited., among others.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 310.65 million by 2032.
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