Squalene Market Size is Estimated to grow at a CAGR of 7.1% during the forecast period

• The global market value of squalene market was USD 139.8 million in 2022, with a CAGR of 7.1% predicted during the forecast period. Squalene is commonly used in cosmetics, medications, and health supplements.
• Squalene, a natural substance derived from plants such as olives and shark liver oil, is in high demand due to its antioxidant and moisturizing characteristics. There is a rising emphasis on sustainability and cruelty-free sourcing, which has resulted in plant-derived squalene products.

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Growth Drivers

• The cosmetics industry's growing demand for its anti-moisturizing and anti-aging characteristics is propelling the market forward significantly. Rising health awareness and skincare demand are the primary drivers of market expansion.
• Squalene is thought to have a variety of health benefits, including immunological support and cholesterol management, which has fueled its market expansion. Squalene is a popular adjuvant in the pharmaceutical business. It increases the efficiency of vaccinations in development. Concerns about environmental sustainability and animal cruelty have prompted a preference for plant-derived squalene over traditional sources such as shark liver oil.
• The market is rapidly expanding as a result of the trend toward sustainable sourcing practices. Its antioxidant effects make it the most popular skincare and nutritional supplement. As people become more aware of the importance of healthy, youthful skin, demand for squalene is projected to grow.
• North America, particularly the United States, is another key market because to the well-established cosmetics and personal care sectors. North America is home to a large number of prominent firms in the pharmaceutical and cosmetics industries, who use squalene in a variety of medicinal applications.

Segmentation

Source

·?????????Vegetable

·?????????Animal

·?????????Bio-Synthetic

End-User

·?????????Cosmetics

·?????????Food

·?????????Pharmaceuticals

·?????????Others

Regional Outlook

·?????????Asia Pacific

·?????????North America

·?????????Latin America

·?????????Europe

·?????????Middle East and Africa

Key Players

·?????????Merck KGaA

·?????????Sophim

·?????????Amyris INC.

·?????????Kishimoto Special Liver Oil Co.

·?????????Arbee

·?????????Cibus

·?????????Otto Chemie Pvt. Ltd.

·?????????Arista Industries

·?????????Emprese Figuerense De Pesca

·?????????Other Players

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