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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Squalene Market Share
Based on application, the cosmetics segment dominates the global squalene industry and is slated to witness substantial growth in the forecast period. This growth can be attributed to the rising demand for anti-ageing or rejuvenating creams, particularly among women. The increasing demand for squalene in products for skin care and hair care is significantly contributing to the squalene market revenue.
Moreover, the several health benefits of the product are likely to spur market growth. It has antibacterial and antioxidant properties prevents skin damage and promotes cell growth at the same time. Additionally, the proliferating investments by the major players are also expected to propel the overall growth of the squalene industry.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124