Squalene is a naturally occurring triterpene that is found in the liver oil of sharks and other marine animals, as well as in some plants. It is a precursor to cholesterol and other sterols, and it plays an important role in cell growth and repair. Squalene is also used in the production of cosmetics, dietary supplements, and pharmaceuticals.
The squalene market accounted for USD 129.8 Million in 2020 and is anticipated to register a CAGR of 7.5%.
Market Trends
One of the key trends driving the growth of the squalene market is the increasing demand for natural and organic cosmetics. Squalene is a natural ingredient that is known for its moisturizing and anti-aging properties. It is also used in a variety of hair care products to promote hair growth and reduce hair loss.
Another key trend driving the growth of the squalene market is the increasing demand for dietary supplements that support heart health. Squalene has been shown to reduce cholesterol levels and improve blood circulation. It is also used in dietary supplements that support joint health and reduce inflammation.
The squalene market is also growing due to the increasing demand for squalene in the pharmaceuticals industry. Squalene is used in the production of vaccines, antibiotics, and other pharmaceuticals.
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Market Players
The prominent player operating in the global squalene market includes Arista Industries, Inc., Amyris Biotechnologies, Maruha Nichiro Corporation, Nucelis LLC, Sophim, Arbee Agencies, Gracefruit Limited, Empresa Figueirense De Pesca Lda, SeaDragon Marine Oils, VESTAN Squalene Hydrogenation and Purification, and Kishimoto Special Liver Oil.
Growth Opportunities
The global squalene market is expected to grow significantly in the coming years. The key growth opportunities for the market include:
- Increasing demand for natural and organic cosmetics
- Increasing demand for dietary supplements that support heart health
- Increasing demand for squalene in the pharmaceuticals industry
- Expanding applications of squalene in new industries, such as the food and beverage industry
Challenges and Quality Assurance:
The Asia-Pacific region is fast becoming a pivotal player in the squalene market. The region’s growing middle-class population, evolving lifestyles, and heightened awareness of health and wellness are driving the demand for squalene-based products. Europe and North America, with their strong consumer emphasis on natural and organic beauty products, continue to be significant markets for squalene.
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Conclusion
The global squalene market is expected to grow significantly in the coming years. The growth of the market is attributed to the increasing demand for squalene in the cosmetics, dietary supplements, and pharmaceuticals industries. The key growth opportunities for the market include the increasing demand for natural and organic cosmetics, dietary supplements that support heart health, and squalene in the pharmaceuticals industry.
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