Global Squalene Market
The GMI Research forecasts that the Squalene Market is witnessing an upsurge in demand over the forecast period. This is mainly due to its beneficial properties on human health, escalating awareness among individuals, and the growing implication in food and cosmetic sectors.
Introduction of the Squalene Market
Squalene is an organic compound produced by the sebaceous (oil) glands in our body. It is essential for the body and is gaining prominence with the growing skin problems.
Key Players of the Global Squalene Market:
- Arista industries inc.
- Empresa figueirense de pesca
- Kshimoto special liver oil co., ltd.
- New Zealand Green Health Ltd.
- Seadragon marine oils limited
- Amyris, inc.
- Lda
- Sophim
- Gracefruit limited
- Maruha nichiro corporation
- Croda international plc
Squalene Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The instantaneous expansion in the pharmaceutical industry is a crucial factor responsible for the enlargement and growth of the squalene market. The huge demand of high quality cosmetic products primarily in India and China led by the augmenting consciousness about these organic products owing to the aid in rejuvenating the damaged skin of patients is further strngtheining the market growth. Also, the growing acquisition of squalene in food industries, cosmetic, and pharmaceutical due to the beneficial properties on human health which include UV protection, anti-oxidation & ageing has raised the market growth. Moreover, it is used as a spreading agent in ointments and care products along with its application in vaccines to fuel the active ingredients in the pharmaceutical sector is boosting the market growth. The stringent social distancing norms and lockdown due to the widespread outbreak of coronavirus has largely impacted the sales of countries including Italy, France, and Germany. The leading cosmetic producer L’Oréal (France) declared around 5 % reduction in its revenue for the first quarter of 2020. Also, the strong e-commerce of the company will expand its sales by 2021.
The countries including Germany, France and Italy are majorly affected by the COVID-19 pandemic. Due to the strict social distancing globally, all the countries were put under major lockdown, which affected the sales of the players. The major cosmetics manufacturer has announced decline in revenue of about 5% for the first quarter of 2020. According to L’Oréal (France) its strong e-commerce across the globe is expected to grow its sales in 2021. However, the pessimism about animal-based products and regulations are curbing the market growth.
Raw Material Segment Drivers
Based on the raw material, vegetable is predicted to expand at a faster CAGR in the market over the forecast period. It assists the dispersibility of pigments in emulsions. This is primarily because of the accessibility of vegetables owing to the boost in farming production in countries like Italy, Portugal, Spain etc. Additionally, the expanding consciousness about the benefits of olive oil for skin is stimulating the market growth.
Application Segment Drivers
Based on the application, cosmetics are contemplated to witness a robust growth in light of the aggravating demand for anti-aging and refreshing creams among middle-aged females. Moreover, growing awareness about hydrating, detoxifying and emollient characteristics of the product will supplement the market growth.
Regional Drivers
Based on the regional coverage, Europe is forecasted to experience an increasing growth in the market due to the mounting demand from plant-based ingredients in personal care cosmetics, especially in Italy, Germany and France. The Personal care Association stated that, Europe has the largest cosmetic industry. The companies disburse over 5% of the annual turnover in research and development of cosmetic products, stated by the same association. This is also due to the strong existence of the leading players like Amyris, inc, Croda international plc, Gracefruit limited.
Squalene Market Segmentation:
Segmentation by Raw Material
- Animal
- Vegetable
- Synthetic
Segmentation by Application
- Cosmetics
- Food
- Pharmaceuticals
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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