Written by stanley huds » Updated on: November 28th, 2024
IMARC Group’s report titled “Squalene Market Report by Source Type (Animal, Vegetable, Synthetic), Application (Cosmetics, Food, Pharmaceuticals, and Others), and Region 2025-2033”. offers a comprehensive analysis of the industry, which comprises insights on the global squalene market share. The global market size reached USD 155.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 263.0 Million by 2033, exhibiting a growth rate (CAGR) of 6.84% during 2025-2033.
Factors Affecting the Growth of the Squalene Industry:
● Rising Demand for Natural and Organic Cosmetics:
This is information about the personal care products market situation that all indicate the growth of the market. This growth is a result of the growing need for natural and organic products in the market. The public is becoming increasingly aware of the dangers of synthetic chemicals found in most processed foods. Thus, natural products have gained popularity among them. Squalene, previously known only in shark style, is now used in cosmetics due to its moisturizing ability. For example, it can be obtained from olives, sugar cane, etc. Due to these properties squalene is being used by cosmetic companies and is added to skincare and hair care products. In addition, the clean beauty trend which is highly recognized and appreciated for its responsible attitude towards the ingredients of the products will also contribute to the growth of the market.
● Growth in the Pharmaceutical Industry:
Squalene enhances the immune response and is therefore essential for vaccines. Thus, its market is growing with the development of vaccines and advancements in the vaccination process. But the antioxidant and anti-inflammatory effects are responsible for the rise in its use in healthcare products. These factors include the rise in chronic diseases and a shift in preferences towards preventive services; all of these are driving the market growth. On the other hand, firms are researching how squalene can be used in other things to fuel its rising demand among various firms.
● Technological Advancements in Extraction Methods:
Innovations in squalene extraction and production are fueling market growth. New methods now use plants such as olives and sugar cane, making production cheaper and more sustainable. This shift reduces reliance on shark liver oil, thereby tackling environmental and ethical concerns. In addition, these techniques increase the purity and quality of squalene, increasing its effectiveness. As production becomes more efficient, squalene will become cheaper and more widely available, benefiting a variety of industries.
Grab a sample PDF of this report: https://www.imarcgroup.com/squalene-market/requestsample
Leading Companies Operating in the Global Squalene Industry:
Squalene Market Report Segmentation:
By Source Type:
Animal represents the largest segment as it offers moisturizing and skin-softening properties.
By Application:
Regional Insights:
Europe enjoys a leading position in the squalene market on account of increasing preferences for natural and sustainable ingredients.
Global Squalene Market Trends:
More people are learning about the benefits of squalene, thereby driving the market growth. Squalene, with its antioxidant properties, fights free radicals, preventing cell damage and aging. Its hydrating and repairing properties make it a favorite in skincare products. As consumers become more conscious, the demand for squalene in health and beauty products increases.
In addition, the trend towards certified organic squalene among eco-friendly consumers is also fueling growth. Additionally, supportive regulation and approvals for the use of squalene in various products are further driving the market.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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