Squalene Market by Type (Animal-Sourced & Vegetable-Sourced) and End-Use Industry (Cosmetics, Pharmaceuticals & Food) - Global Forecasts to 2021

The global squalene market is projected to register a CAGR of 10.2% during the forecast period and is projected to reach a market size of USD 211.7 Million by 2021. In this study, 2015 has been considered as the base year and 2016–2021 as the forecast period for estimating the market size. The global squalene market is segmented based on type, end-use industry, and region.

Both, top-down and bottom-up approaches have been used to estimate and validate the market size of squalene. Data have been gathered through secondary as well as primary research. Secondary research involves study of free and paid information available on the internet. Primary research involves collecting and verifying information from key opinion leaders (KOLs) through telephonic interviews and mails. KOLs are industry experts representing manufacturers, distributors, raw material suppliers, technology suppliers, and independent consultants.

For this report, various secondary sources such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the squalene market. The primary sources experts from related industries and suppliers—have been interviewed to obtain and verify critical information and assess future prospects and market estimations.

To know about the assumptions considered for the study, download the pdf brochure

The squalene ecosystem comprises processing of shark liver oil, amaranth oil, olive oil, palm oil, sugarcane, and rice-bran oil, which are the basic raw materials used for squalene production. Fu Chang Ocean Enterprise Co. Ltd. (Taiwan), Jinshang Trading Co. Ltd. (China), Wildfish Export Ltd. (New Zealand), and Topsea Enterprises (Hong Kong) are some of the major raw shark liver suppliers. Some of the major olive tree and olive oil suppliers are Agrolainez Nursery (Spain), DaVero (U.S.), Spanish Olive Technology (Spain), Acetius Sandua (Spain), and Allen Land Design (U.S.). Some of the major manufacturers/processors of squalene are Kishimoto Special Liver Oil (Japan), Amyris (U.S.), Sophim (France), Nucelis LLC (U.S.), SeaDragon Marine Oil Ltd. (New Zealand), Maruha Nichiro Corp. (Japan), Ekiz Olive Oil and Soap Inc. (Turkey), Empresa Figueirrense de Pesca, LDA. (Portugal), and VESTAN (Portugal). They process the raw materials according to the applications and requirements of the end-use industries such as cosmetics, food, and pharmaceuticals.

The target audiences of the report are as follows:

• Squalene manufacturers
• Raw material suppliers
• Cosmetic product manufacturers
• Dietary food and functional food manufacturers
• Pharmaceutical industry
• Government and research organizations
• Squalene traders, distributors, and suppliers
• Investment houses
• Equity research firms

Scope of the Report

• On the basis of Source Type:
  • Animal–sourced
  • Vegetable–sourced
• On the basis of End-Use Industry:
  • Cosmetics
  • Food
  • Pharmaceuticals
• On the basis of Region:
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix that gives a detailed comparison of product portfolio of each company

Country Analysis

• Further breakdown of a country with respect to end-use industry

Company Information

• Detailed analysis and profiling of additional market players (Up to 5).

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Market
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Long-Term Growth Opportunities for Squalene Manufacturers
    4.2 Global Squalene Market to Grow at A Moderate Rate
    4.3 Squalene Market Scenario in Europe By Country and End-Use Industry
    4.4 Leading Countries in the Squalene Market, 2015
    4.5 Squalene Market, By Application
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Source Type
           5.2.2 By End-Use Industry
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Different Beneficial Properties of Squalene on Human Health
                     5.3.1.2 Growth in Cosmetics and Pharmaceuticals Industries
           5.3.2 Restraints
                     5.3.2.1 Skepticism Over Shark Fishing
                     5.3.2.2 Use of Substitutes Due to Cost and Source
                     5.3.2.3 Gulf War Syndrome (Skepticism Over Application in Pharmaceuticals)
                     5.3.2.4 Erratic Supply of Raw Materials
           5.3.3 Opportunities
                     5.3.3.1 New Renewable Sources for Producing Squalene and Its Derivatives
                     5.3.3.2 Changing Lifestyle Patterns
                     5.3.3.3 Consolidation of Industries Supplying Raw Materials

6 Industry Trends (Page No. - 41)
    6.1 Value Chain Analysis
           6.1.1 Raw Material Suppliers
           6.1.2 Squalene Manufacturers/Processors
           6.1.3 End-Use Industries
    6.2 Porter’s Five Forces Analysis
           6.2.1 Bargaining Power of Suppliers
           6.2.2 Bargaining Power of Buyers
           6.2.3 Threat From New Entrants
           6.2.4 Threat of Substitutes
           6.2.5 Intensity of Competitive Rivalry
    6.3 Regulatory Framework
           6.3.1 Government Rules & Regulations Against Shark Fishing
                     6.3.1.1 Ban on Sale of Shark Fins and Products
                     6.3.1.2 Domestic Regulations on Shark Finning
                     6.3.1.3 Regional Fisheries Shark Finning Regulations
           6.3.2 Ngos Endorsing Ban on Killing of Sharks
           6.3.3 Government Organizations Endorsing Ban on Killing of Sharks
    6.4 Companies Supporting Ban on Killing of Sharks
    6.5 Patent Analysis
    6.6 Pricing Analysis
    6.7 Economic Indicators
           6.7.1 Cosmetics Industry
           6.7.2 Food Industry
           6.7.3 Healthcare Industry
    6.8 Country Outlook
           6.8.1 Canada
           6.8.2 China
           6.8.3 France
           6.8.4 Germany
           6.8.5 Italy
           6.8.6 Japan
           6.8.7 South Korea
           6.8.8 U.K.
           6.8.9 U.S.

7 Squalene Market, By Source Type (Page No. - 57)
    7.1 Introduction
    7.2 Animal Source
           7.2.1 Overview
           7.2.2 Market Analysis, By Region
    7.3 Vegetable Source
           7.3.1 Overview
           7.3.2 Market Analysis, By Region

8 Squalene Market, By End-Use Industry (Page No. - 62)
    8.1 Introduction
    8.2 Cosmetics
           8.2.1 Overview
           8.2.2 Market Analysis, By Region
    8.3 Food
           8.3.1 Overview
           8.3.2 Market Analysis, By Region
    8.4 Pharmaceuticals
           8.4.1 Overview
           8.4.2 Market Analysis, By Region
    8.5 Others
           8.5.1 Overview
           8.5.2 Market Analysis, By Region

9 Regional Analysis (Page No. - 70)
    9.1 Introduction
    9.2 Europe
           9.2.1 Overview
           9.2.2 Market Analysis, By End-Use Industry
           9.2.3 Market Analysis, By Source Type
           9.2.4 Market Analysis, By Country
                     9.2.4.1 Germany
                                      9.2.4.1.1 Market Analysis, By End-Use Industry
                                      9.2.4.1.2 Market Analysis, By Source Type
                     9.2.4.2 France
                                      9.2.4.2.1 Market Analysis, By End-Use Industry
                                      9.2.4.2.2 Market Analysis, By Source Type
                     9.2.4.3 Italy
                                      9.2.4.3.1 Market Analysis, By End-Use Industry
                                      9.2.4.3.2 Market Analysis, By Source Type
                     9.2.4.4 U.K.
                                      9.2.4.4.1 Market Analysis, By End-Use Industry
                                      9.2.4.4.2 Market Analysis, By Source Type
                     9.2.4.5 Spain
                                      9.2.4.5.1 Market Analysis, By End-Use Industry
                                      9.2.4.5.2 Market Analysis, By Source Type
                     9.2.4.6 Rest of Europe
                                      9.2.4.6.1 Market Analysis, By End-Use Industry
                                      9.2.4.6.2 Market Analysis, By Source Type
    9.3 Asia-Pacific
           9.3.1 Overview
           9.3.2 Market Analysis, By End-Use Industry
           9.3.3 Market Analysis, By Source Type
           9.3.4 Market Analysis, By Country
                     9.3.4.1 China
                                      9.3.4.1.1 Market Analysis, By End-Use Industry
                                      9.3.4.1.2 Market Analysis, By Source Type
                     9.3.4.2 Japan
                                      9.3.4.2.1 Market Analysis, By End-Use Industry
                                      9.3.4.2.2 Market Analysis, By Source Type
                     9.3.4.3 South Korea
                                      9.3.4.3.1 Market Analysis, By End-Use Industry
                                      9.3.4.3.2 Market Analysis, By Source Type
                     9.3.4.4 Rest of Asia-Pacific
                                      9.3.4.4.1 Market Analysis, By End-Use Industry
                                      9.3.4.4.2 Market Analysis, By Source Type
    9.4 North America
           9.4.1 Overview
           9.4.2 Market Analysis, By End-Use Industry
           9.4.3 Market Analysis, By Source Type
           9.4.4 Market Analysis, By Country
                     9.4.4.1 U.S.
                                      9.4.4.1.1 Market Analysis, By End-Use Industry
                                      9.4.4.1.2 Market Analysis, By Source Type
                     9.4.4.2 Canada
                                      9.4.4.2.1 Market Analysis, By End-Use Industry
                                      9.4.4.2.2 Market Analysis, By Source Type
    9.5 Latin America
           9.5.1 Overview
           9.5.2 Market Analysis, By End-Use Industry
           9.5.3 Market Analysis, By Source Type
    9.6 Middle East & Africa
           9.6.1 Overview
           9.6.2 Market Analysis, By End-Use Industry
           9.6.3 Market Analysis, By Source Type

10 Competitive Landscape (Page No. - 103)
     10.1 Overview
     10.2 Partnership/Agreement/Collaboration: the Most Popular Growth Strategies
     10.3 Maximum Developments in 2014
     10.4 Competitive Situations and Trends
               10.4.1 Partnership/Agreement/Collaboration
               10.4.2 New Product Launches
               10.4.3 Mergers & Acquisitions
               10.4.4 Expansions
               10.4.5 Supply Contracts

11 Company Profiles (Page No. - 109)
     11.1 Seadragon Marine Oils Limited
     11.2 Amyris
     11.3 Maruha Nichiro Corporation
     11.4 Sophim
     11.5 Kishimoto Special Liver Oil Co. Ltd.
     11.6 Empresa Figueirense De Pesca, LDA
     11.7 Nucelis LLC
     11.8 Arista Industries Inc.
     11.9 EKIZ Olive Oil & Soap Inc.
     11.10 New Zealand Green Health Ltd.
     11.11 Other Squalene Manufacturers and Suppliers
     11.12 List of End-Use Industries

12 Appendix (Page No. - 129)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (111 Tables)

Table 1 Global Pharmaceuticals Industry: Growth and Trends
Table 2 Squalene Average Prices, By Region, 2014–2021 (USD/Ton)
Table 3 Female Population (% of Total), By Country: 2010–2014
Table 4 Food Production Index, By Country: 2009–2013
Table 5 Health Expenditure, Total (% of GDP), By Country: 2009–2013
Table 6 Canada: Economic Outlook
Table 7 China: Economic Outlook
Table 8 France: Economic Outlook
Table 9 Germany: Economic Outlook
Table 10 Italy: Economic Outlook
Table 11 Japan: Economic Outlook
Table 12 South Korea: Economic Outlook
Table 13 U.K.: Economic Outlook
Table 14 U.S.: Economic Outlook
Table 15 Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 16 Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 17 Animal-Sourced Squalene Market Size, By Region, 2014–2021 (Ton)
Table 18 Animal-Sourced Squalene Market Size, By Region,2014–2021 (USD Million)
Table 19 Vegetable-Sourced Squalene Market Size, By Region, 2014–2021 (Ton)
Table 20 Vegetable-Sourced Squalene Market Size, By Region,2014–2021 (USD Million)
Table 21 Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 22 Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 23 Squalene Market Size in Cosmetics, By Region, 2014-2021 (Ton)
Table 24 Squalene Market Size in Cosmetics, By Region, 2014–2021 (USD Million)
Table 25 Squalene Market Size in Food, By Region, 2014–2021 (Ton)
Table 26 Squalene Market Size in Food, By Region, 2014-2021 (USD Million)
Table 27 Squalene Market Size in Pharmaceuticals, By Region, 2014–2021 (Ton)
Table 28 Squalene Market Size in Pharmaceuticals, By Region,2014-2021 (USD Million)
Table 29 Squalene Market Size in Other End-Use Industries, By Region,2014–2021 (Ton)
Table 30 Squalene Market Size in Other End-Use Industries, By Region, 2014–2021 (USD Million)
Table 31 Squalene Market Size, By Region, 2014–2021 (USD Million)
Table 32 Squalene Market Size, By Region, 2014–2021 (Ton)
Table 33 Europe: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 34 Europe: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 35 Europe: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 36 Europe: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 37 Europe: Squalene Market Size, By Country, 2014–-2021 (USD Million)
Table 38 Europe: Squalene Market Size, By Country, 2014–-2021 (Ton)
Table 39 Germany: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 40 Germany: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 41 Germany: Squalene Market Size, By Source Type,2014–2021 (USD Million)
Table 42 Germany: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 43 France: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 44 France: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 45 France: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 46 France: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 47 Italy: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 48 Italy: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 49 Italy: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 50 Italy: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 51 U.K.: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 52 U.K.: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 53 U.K.: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 54 U.K.: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 55 Spain: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 56 Spain: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 57 Spain: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 58 Spain: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 59 Rest of Europe: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 60 Rest of Europe: Squalene Market Size, By End-Use Industry,2014–2021 (Ton)
Table 61 Rest of Europe: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 62 Rest of Europe: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 63 Asia-Pacific: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 64 Asia-Pacific: Squalene Market Size, By End-Use Industry,2014–2021 (Ton)
Table 65 Asia-Pacific: Squalene Market Size, By Source Type,2014–2021 (USD Million)
Table 66 Asia-Pacific: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 67 Asia-Pacific: Squalene Market Size, By Country, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Squalene Market Size, By Country, 2014–2021 (Ton)
Table 69 China: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 70 China: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 71 China: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 72 China: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 73 Japan: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 74 Japan: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 75 Japan: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 76 Japan: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 77 South Korea: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 78 South Korea: Squalene Market Size, By End-Use Industry,2014–2021 (Ton)
Table 79 South Korea: Squalene Market Size, By Source Type,2014–2021 (USD Million)
Table 80 South Korea: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 81 Rest of Asia-Pacific: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 82 Rest of Asia-Pacific: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 83 Rest of Asia-Pacific: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 84 Rest of Asia-Pacific: Squalene Market Size, By Source Type,2014–2021 (Ton)
Table 85 North America: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 86 North America: Squalene Market Size, By End-Use Industry,2014–2021 (Ton)
Table 87 North America: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 88 North America: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 89 North America: Squalene Market Size, By Country,2014–-2021 (USD Million)
Table 90 North America: Squalene Market Size, By Country, 2014 –2021 (Ton)
Table 91 U.S.: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 92 U.S.: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 93 U.S.: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 94 U.S.: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 95 Canada: Squalene Market Size, By End-Use Industry,2014–2021 (USD Million)
Table 96 Canada: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 97 Canada: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 98 Canada: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 99 Latin America: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 100 Latin America: Squalene Market Size, By End-Use Industry,2014–2021 (Ton)
Table 101 Latin America: Squalene Market Size, By Source Type,2014–2021 (USD Million)
Table 102 Latin America: Squalene Market Size, By Source Type, 2014–2021 (Ton)
Table 103 Middle East & Africa: Squalene Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 104 Middle East & Africa: Squalene Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 105 Middle East & Africa: Squalene Market Size, By Source Type, 2014–2021 (USD Million)
Table 106 Middle East & Africa: Squalene Market Size, By Source Type,2014–2021 (Ton)
Table 107 Partnership/Agreement/Collaboration, 2011–2015
Table 108 New Product Launches, 2015—2016
Table 109 Mergers & Acquisitions, 2014
Table 110 Expansions, 2013—2014
Table 111 Supply Contracts, 2014
 
 
List of Figures (37 Figures)
 
Figure 1 Squalene Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Squalene: End-Use Industry Snapshot (2016 vs. 2021)
Figure 6 Squalene: Source Type Snapshot (2016 vs. 2021)
Figure 7 Squalene Market Share (Volume), By Region, 2015
Figure 8 Long-Term Sustainability in the Squalene Market
Figure 9 Global Squalene Market: Moderate Growth Expected Between2016 and 2021
Figure 10 Cosmetics is the Largest End-Use Industry in Europe
Figure 11 Japan Accounted for the Largest Market in Asia-Pacific in 2015
Figure 12 Region-Wise Breakup With Respect to Applications
Figure 13 Asia-Pacific is Projected to Be the Fastest-Growing Market
Figure 14 Drivers, Restraints, and Opportunities of the Squalene Market
Figure 15 Value Chain for Squalene Market
Figure 16 Porter’s Five Forces Analysis (2015): Squalene Market
Figure 17 List of Worldwide Published Patents Covering the Use of Squalene Categorized Into Application Fields
Figure 18 Squalene Sourced From Vegetable to Register the Highest Growth Between 2016 and 2021
Figure 19 Cosmetics Continues to Be the Largest End-Use Industry for Squalene, 2016–2021
Figure 20 Countries Snapshot (2015) — Japan, France, and the U.S. Will Continue to Dominate the Squalene Market
Figure 21 Europe and Asia-Pacific to Register Highest Growth Among All the End-Use Industries
Figure 22 European Market Snapshot: France Accounts for the Largest Share in the Region
Figure 23 Asia-Pacific Market Snapshot: Japan Accounts for the Largest Share in the Region
Figure 24 Cosmetics to Drive the North American Squalene Market Between2016 and 2021
Figure 25 Cosmetics to Dominate the Latin American Squalene Market
Figure 26 Cosmetics is the Largest End-Use Industry for Squalene in the Middle East & Africa
Figure 27 Companies Adopted Partnership/Agreement/Collaboration as the Key Growth Strategy, 2011–2016
Figure 28 Major Growth Strategies in the Squalene Market, 2011–2016
Figure 29 Developments in the Global Squalene Market, 2011–2016
Figure 30 Seadragon Marine Oils Limited: Company Snapshot
Figure 31 Seadragon Marine Oils Limited: SWOT Analysis
Figure 32 Amyris: Company Snapshot
Figure 33 Amyris: SWOT Analysis
Figure 34 Maruha Nichiro Corporation: Company Snapshot
Figure 35 Sophim: SWOT Analysis
Figure 36 Kishimoto Special Liver Oil Co. Ltd.: SWOT Analysis
Figure 37 Empresa Figueirense De Pesca, LDA: SWOT Analysis

The squalene market is estimated to reach USD 211.76 Million by 2021 and is projected to register a CAGR of 10.2% between 2016 and 2021. Various beneficial properties of squalene on human health and rising demand from various applications such as cosmetics and pharmaceuticals are driving the squalene market. Squalene has many beneficial properties such as anti-oxidation, anti-aging, strengthening of the immune system, and UV protection, thus, it is used in various end-use industries such as cosmetics, pharmaceuticals, and food. In the pharmaceuticals industry, squalene has many clinical uses such as treatment of leukemia and cancers; detoxifier of xenobiotics; and for protection from radiation illness against X-ray therapy. In the cosmetics industry, squalene has applications as moisturizer, anti-aging agent, and for protection against UV rays as it readily gets absorbed by the skin. Rise in demand in these end-use industries will ultimately contribute toward the growth of the squalene market.

The squalene market is analyzed in terms of source type, end-use industry, and region. Animal–sourced and vegetable–sourced are the major squalene types that are used in various end-use industries such as cosemtics, food, and pharmaceuticals. Animal–sourced squalene dominated the overall squalene market and this dominance is expected to continue during the forecast period. Asia–Pacific is the second-largest market for squalene. The vegetable–sourced squalene segment is projected to witness the highest growth rate, both in terms of volume and value, due to the increasing skepticism over shark killing (richest source of squalene).

Cosmetics, food, and pharmaceuticals are the major end-use industries of squalene. Cosmetics is the largest end-use industry for squalene. The demand for squalene in cosmetics is mostly driven by increasing consumer’s awareness and willingness to pay premium for products in Europe, Asia-Pacific, and North America. The cosmetics end-use industry in Europe will account for the maximum share of the squalene market owing to the high demand from developed economies in the region.

Asia-Pacific is the second-largest market for squalene after Europe. The region is expected to witness the highest growth rate owing to vast potential that can be realized in the near future. The use of animal–sourced squalene dominates the Asia-Pacific market owing to high investments in the cosmetics end-use industry in China, Japan, and South Korea.

The leading players in the squalene market include Kishimoto Special Liver Oil (Japan), Amyris (U.S.), Sophim (France), Nucelis LLC (U.S.), SeaDragon Marine Oil Ltd. (New Zealand), Maruha Nichiro Corp. (Japan), Ekiz Olive Oil and Soap Inc. (Turkey), Empresa Figueirrense de Pesca, LDA. (Portugal), and VESTAN (Portugal). The global companies are continuously expanding their operations by forming agreements with domestic distributors for stronger distribution network.

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