Squalene Oil Market Insights, Future Trends, Growth estimation, Business Opportunities and Forecast By 2033

The Squalene Oil Market in Europe had a market size of US$ 64.7 million in 2022, and is anticipated to achieve a market value of US$ 147.8 million by the year 2033. Norway's substantial fishing industry and access to shark populations have positioned it as a major exporter of shark liver oil, which includes squalene. The country's extensive coastline and abundant marine resources play a crucial role in supporting its thriving fishing sector, encompassing the extraction and refinement of fish oil.

A recently published Squalene Oil Market analysis report from Fact.MR unveils that the global sales of Squalene Oil reached US$ 209 million in 2023. The market is anticipated to experience a substantial 9.3% growth from 2023 to 2033, ultimately reaching an estimated value of US$ 510.7 million by the conclusion of the forecast period.

Download a Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7509 

Squalene oil, once a relatively obscure ingredient, has experienced a remarkable surge in demand in recent years. This natural compound, primarily derived from olive oil, shark liver oil, and other botanical sources, is now making waves across various industries, ranging from skincare to pharmaceuticals.

The Beauty and Skincare Revolution

One of the primary drivers of the rising demand for Squalene Oil is its growing prominence in the beauty and skincare industry. Known for its exceptional moisturizing and skin-protective properties, Squalene has become a go-to ingredient for both established and emerging cosmetic brands. It is valued for its ability to hydrate and nourish the skin without clogging pores, making it suitable for a wide range of skin types. Furthermore, its natural origin aligns perfectly with the increasing consumer preference for clean, green, and sustainable beauty products.

Squalene is celebrated for its remarkable skin benefits. It acts as a powerful antioxidant, helping to protect the skin from environmental stressors, UV radiation, and pollution. This makes it an ideal candidate for anti-aging products and sunscreens. As a result, Squalene Oil is a common feature in products designed to combat wrinkles, fine lines, and UV damage.

Pharmaceutical and Health Applications

Apart from the cosmetics industry, the pharmaceutical sector has also embraced the potential of Squalene Oil. Squalene has immune-boosting properties and is used in vaccines as an adjuvant to enhance the body's response to immunization. Its role in vaccines, especially during the COVID-19 pandemic, has brought increased attention to its potential in the healthcare industry.

Squalene is also valued for its potential cardiovascular benefits. It can help regulate cholesterol levels and reduce the risk of heart diseases, which has prompted its use in dietary supplements and health products. The versatility of Squalene Oil across different sectors has made it an attractive ingredient for businesses and consumers alike.

Sustainability and Ethical Sourcing

A significant factor contributing to the growth of the Squalene Oil market is the emphasis on sustainability and ethical sourcing. Traditionally, Squalene was obtained from shark liver oil, which posed environmental concerns due to overfishing and threats to shark populations. However, many companies have shifted towards sustainable and cruelty-free sources, such as olive oil, amaranth seeds, and sugarcane.

Competitive Landscape: Key players in the Squalene Oil market include Sophim, Henry Lamotte Oils GmbH, Aprinnova, Coastal Exports Corporation, Arista Industries Inc., Croda International Plc, Amyris, Inc., Kishimoto Special Liver Oil Co., Ltd., Matrix Life Science, Arbee Biomarine Extracts Pvt. Ltd., and Jedwards International Inc. These companies are actively strategizing to ensure their sustained growth within the Squalene Oil sector, contributing to the overall market expansion.

Recent Market Developments:

  1. In May 2023, synthetic biotechnology firm Amyris entered into a strategic agreement with Croda International Plc. The primary goal of this collaboration is to provide Croda International with a sustainable supply of squalene. Amyris utilizes its innovative Lab-to-Market technology platform to develop squalene through a biofermentation-based approach.
  2. In February 2023, Croda International Plc completed the acquisition of Solus Biotech, a biotechnology company specializing in the production of beauty actives. This acquisition enables Croda to access Solus' developed technologies, including ceramides and phospholipids, as well as emerging technologies related to natural retinol. The acquisition of Solus also supports Croda's expansion of its Asian manufacturing capabilities and the establishment of a new research and development hub in the region.

Segmentation of the Global Squalene Oil Market :

  • By Source Type :
    • Natural Squalene
      • Less than 98% purity
      • 98% and above purity
    • Synthetic Squalene
      • Less than 98% purity
      • 98% and above purity
  • By End Use :
    • Personal Care & Cosmetics
    • Neutraceuticals
    • Pharmaceuticals

Get Customization on this Report: 
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7509 

The rising demand for Squalene Oil is not just a trend but a reflection of the changing landscape in the beauty, healthcare, and environmental sectors. Its versatile properties, coupled with ethical and sustainable sourcing practices, make it a key player in the global market. As consumers seek products that align with their values and offer tangible benefits, Squalene Oil is poised to remain in the spotlight for the foreseeable future.

Check Out More Related Reports:

Refinish Paints Market
Metalworking Fluids Market
Liquid Polybutadiene Market

Contact: 
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

Comments

Post a Comment

Popular posts from this blog

Aircraft Seat Market - Growth Analysis and Forecast by 2034

  The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business. The global aircraft seats market is projected to be valued US$4,595.2 million in 2024. It is predicted to grow at a 6.1% CAGR. By 2034, the market for airplane seats is projected to grow at a rate of US$ 8,307.3 million. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534 The term "aircraft seat" describes the seats that are given to passengers during flight; these seats are made to guarantee comfort, safety, and effective use of the cabin's space. Class-based seating arrangements, including economy, business, and first class, are an essential component of an aircr...
Read more

Industrial Floor Scrubber Market Types, Key Players, Product, Demand & Industry Forecast till 2030

  Based on projections, the worldwide   industrial floor scrubber market   is expected to expand at a compound annual growth rate (CAGR) over 8% between 2020 and 2030. Scrubbers are superior to market-leading conventional cleaning methods in a variety of ways, including great cleaning efficiency, ease of use, and quicker dry times. The COVID-19 outbreak in the early stages of the pandemic caused the governments of several nations to implement strict cleaning regulations. In the end, this prompted several businesses to convert from using people to using machines to meet their cleaning requirements. Infrastructure for supply chains and warehouses has been widely implemented as a result of the e-commerce sector's recent rapid growth. Production facilities are constructing large-scale warehouses to hold inventory. These significant facilities will be the key drivers of the need for industrial scrubbers in the next years for cleaning and maintenance services, a Fact.MR researc...
Read more

High Voltage Electric Heater Market Size, Share, Revenue, Trends And Drivers For 2022-2032

The worldwide high voltage electric heater market size is poised to attain a value of US$ 1,545.2 million in 2022, with a projected compound annual growth rate (CAGR) of 22.5%, propelling it to an estimated US$ 11,745.4 million by 2032. By the conclusion of 2021, sales of high voltage electric heaters represented a substantial portion, approximately 14%, of the global electric heater market. Download a Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=1027   In an era marked by a growing emphasis on environmental sustainability, industries around the world are seeking innovative ways to reduce their carbon footprint. The high voltage electric heater market has emerged as a prime example of an industry responding to these trends with smart heating solutions that not only deliver efficient warmth but also contribute to a greener future. Energy Efficiency Takes Center Stage One of the most significant developments in the high voltage ele...
Read more