Squalene Market by Source Type (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region - Global Forecast to 2024
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Request Now[116 Pages Report] The squalene market size is projected to reach USD 204 million by 2024 from USD 140 million in 2019, at a CAGR of 7.8%. The growth in cosmetics and pharmaceuticals industry coupled with the awareness regarding beneficial properties of squalene on human health are the major factors driving the growth of the squalene market. Increasing R&D in the oncology segment along with increasing spending on oncology medicines is expected to drive the market for squalene in the coming years.
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Clients Problem Statement
A leading manufacturer had insufficient data on the sources providing squalene. The client wanted information about the market split between animal, vegetable, and biosynthetic sources, as also the end-use industry split. The client wanted to introduce new products and adopt the new product development strategy.
MnM Approach
MnM helped the client target sugarcane and other sugar-containing bio-materials as sources of producing squalene, which is a high-growth market, at higher than 8% in terms of value
Market sizing and forecast across the types and end-use industries was provided
Profiles of key companies and competitive benchmarking in target regions were provided
Revenue Impact (RI)
Our analysis is expected to impact the client's revenue with a projected additional USD 9 -10 million by 2024 from the squalene business.
The animal source segment is projected to be the largest source type of squalene during the forecast period.
The animal source is projected to dominate the squalene market during the forecast period. Shark liver oil will remain the richest natural source of squalene. The dominance of animal source is mainly due to the price of squalene obtained from animal source is less than that of squalene obtained from vegetable and other sources. Also, the purity of squalene obtained from an animal source is higher than the purity of squalene obtained from a vegetable source. Hence, the demand for animal-sourced squalene is high than the vegetable source squalene.
Cosmetics to be the largest end-use industry during the forecast period.
Based on end-use industry, the squalene market has been segmented into cosmetics, food pharmaceuticals, and others. The cosmetics segment is estimated to register the highest growth in terms of value and volume of the global squalene market. The demand for squalene is very high in cosmetics across the globe, mainly due to the rising consumer awareness of using high-quality products and a willingness to pay a premium price for the products. Also, the increasing awareness of dangers related to exposure to the sun is another factor contributing to the growth in the squalene market in the skincare sector.
Europe to account for the largest share of the global squalene market during the forecast period
Europe is expected to account for the largest market share in squalene during the forecast period, in terms of value. This is owing to the increasing demand for squalene from pharmaceuticals and nutraceutical segments in the country. Moreover, the high spending power of consumers in the region, as well as the growing demand for natural cosmetics with good quality products, has been driving the growth of squalene in Europe.
The cosmetic segment accounted for a share of largest share, in terms of volume, of the European squalene market in 2018. The large market share is due to the presence of the worlds most dominant cosmetic industry players such as LOreal (France) and Beiersdorf (Germany) in the region. The market in this segment is expected to continue to lead during the forecast period. The pharmaceutical and food end-use industries in the region are witnessing an upward trend in growth.
Market Dynamics
Beneficial Properties of Squalene for Human Health
Squalene is a natural skin ingredient as it is naturally present in the skin in minute concentrations. It has many beneficial properties such as anti-oxidation, anti-aging, UV protection, and others, thus finding applications in the cosmetic, pharmaceutical, and food industries. Squalene is not easily influenced by peroxidation, and appears to function as a quencher of singlet oxygen in the skin and, therefore, protects human skin surface from the exposure of ultraviolet light and other sources of oxidative damage. It acts as a detoxifier for highly lipophilic xenobiotics, assisting with their elimination from the body. Therefore, it does not have side effects in comparison to other drugs, which is why it is used in pharmaceutical formulations to reduce the dosage of drugs and the side effects. Squalene is used along with common cancer drugs for the treatment of leukemia and other cancers; for preventing radiation illness from cancer X-ray therapy; and for treating common cold, flu, and swine flu. It also aids in the bodys immune system and is used for increasing white cells count during treatment with anti-cancer drugs. The demand for squalene is increasing in the food, cosmetic, and pharmaceutical industries due to its low ill effects on human skin and internal organs.
Growth in pharmaceutical and cosmetic industries
The growth in the pharmaceutical industry is expected to be a major driver for squalene demand in the future. Increasing R&D in the oncology segment, along with increasing spending on oncology medicines, is expected to drive the market. The global pharmaceuticals sales was USD 916 billion in 2016, and it has increased to USD 982 billion in 2018. An additional sale of pharmaceuticals from orphan drugs is expected by 2022. The future spending on oncology medicines in the next five years is expected to be in the range of 6.08.0%, which is likely to boost the squalene market.
In addition, the rising cosmetic industry in emerging markets such as Brazil, China, and India; increasing consumer awareness about the usage of high-quality cosmetic products; and willingness to pay premium prices are driving the cosmetic industry at the global level. Therefore, squalene has wide usage in this industry.
Consumer skeptism about animal-sourced products and limitation on shark fishing
Squalene is majorly derived from shark liver oil, leading to overfishing of sharks. The consumer skepticism regarding the usage of animal-sourced products has led the end-use manufacturers to avoid using squalene sourced from shark liver in their products. Most laws allow shark liver oil to be extracted as a by-product of shark fishing. With the reduction in shark fishing activities due to certain rules and regulations and overfishing of sharks, the supply of shark livers has decreased, which is affecting the supply of squalene. Several regulatory agencies such as General Fisheries Commission of the Mediterranean (GFCM), North East Atlantic Fisheries Commission (NEAFC), Commission for Conservation of Antarctic Marine Living Resources (CCAMLR), and North Atlantic Fisheries Organization (NAFO) have imposed limitations such as fixed quotas for shark fishing, which, in turn, has resulted in supply shortage of shark liver and, thereby squalene
Volatile supply of raw materials
With restrictions on shark fishing, the supply of squalene is getting affected. The vegetable sources used commercially have a low squalene concentration as well as higher processing costs. Most of the vegetable oils are used for human consumption, and squalene production accounts for a very small percentage of it. There has been a decline in shark fishing activities over the years due to the increasing regulations introduced by various governing agencies. This has resulted in the decline of supply of shark livers and shark fins over the years. With respect to squalene sourced from vegetable oils, Europe leads the market with the major production of squalene from olives. For the past few years, there has been an irregular supply of olives in Europe. These reasons are affecting the raw material availability for squalene production, thereby resulting in volatile retail prices.
New renewable sources for squalene production
With skepticism about the shark liver oil sourced from sharks and low concentration of squalene in vegetable oils, the supply is fluctuating, and the prices are volatile. As several regulations are introduced for shark fishing, the supply of squalene has been majorly affected. In the vegetable oils, squalene content is very low, and therefore, tons of olives and amaranth are required to produce a small quantity of squalene. Collectively, these reasons have led to high squalene retail prices. This sparks an opportunity for the players to come up with new technologies to develop squalene and squalane from alternative sources.
Sugarcane and other sugar-containing bio-materials have been identified as the sources for producing squalane (hydrogenated squalene). This is expected to increase the supply of raw materials for squalene production. Squalane is actively researched by pharmaceutical companies such as Novartis AG (Switzerland) and GlaxoSmith Kline (UK) for applications in their formulations. The pharmaceutical sector is currently trying to reduce the side effects of their products by incorporating squalane in their formulations. For instance, Amyris, a US-based biotechnology company, has developed the technology to directly produce squalane through the process of yeast fermentation from sugarcane. SynShark is also working with scientists at Texas A&M University (US) to produce squalene from tobacco crops. These tobacco crops are the special plants from which squalene can be synthesized directly from the tobacco leaves. The commercial viability of these innovations would attract more players in the market. This is expected to bring along more competitiveness into the market in terms of pricing and supply, thereby benefitting the end users.
Key Market Players
The key market players profiled in the report include as Sophim (France), Amyris (US), Kishimoto Special Liver Oil Co. Ltd. (Japan), SeaDragon Marine Oils Limited (New Zealand, Nucelis LLC (US), ), Arista Industries Inc. (US), Ekiz Olive Oil & Soap Inc. (Turkey), Empresa Figueirense De Pesca, Lda (Portugal), Arbee BiomarineExtracts Pvt. Ltd. (India), and New Zealand GreenHealth Limited (New Zealand). They have adopted various strategies, including expansion, and new product developments & launches.
Major strategies identified in the global market include the following:
- Expansions
- New product launches
Key Questions Addressed by the Report
- Who are the major market players in the squalene market?
- What are the regional growth trends and the largest revenue-generating regions for the squalene market?
- Which are the significant regions for different industries that are projected to witness remarkable growth for the squalene market?
- What are the major types of squalene that are projected to gain maximum market revenue and share during the forecast period?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regions Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Base Number Calculation
2.1.1 Supply Side Approach
2.1.2 Demand Side Approach
2.2 Forecast Number Calculation
2.3 Market Engineering Process
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions
2.5 Secondary Data
2.6 Primary Data
2.6.1 Breakdown of Primary Interviews
2.6.2 Key Industry Insights
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Significant Opportunities in the Squalene Market
4.2 Squalene Market, By Region
4.3 Europe: Squalene Market, By End-Use Industry and Country
4.4 Squalene Market, By End-Use Industry
4.5 Squalene Market Attractiveness
4.6 Squalene Market, By Source Type and Region
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Beneficial Properties of Squalene for Human Health
5.2.1.2 Growth in Pharmaceutical and Cosmetic Industries
5.2.2 Restraints
5.2.2.1 Consumer Skepticism About Animal-Sourced Products and Limitations on Shark Fishing
5.2.2.2 Volatile Supply of Raw Materials
5.2.3 Opportunities
5.2.3.1 New Renewable Sources for Squalene Production
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Squalene Market, By Type (Page No. - 35)
6.1 Introduction
6.2 Animal Source
6.2.1 The Cost of Production of Squalene From Shark Liver is Less Than That Obtained From Vegetable Sources
6.3 Vegetable Source
6.3.1 Strict Regulations for Animal-Sourced Squalene are Boosting This Segment of the Market
6.4 Biosynthetic
6.4.1 The Growing Demand for Renewable Raw Materials for Squalene Production is Expected to Drive the Market
7 Squalene Market, By End-Use Industry (Page No. - 42)
7.1 Introduction
7.2 Cosmetic
7.2.1 The Skincare Segment is the Major Driver for the Market in This End-Use Industry
7.3 Food
7.3.1 The Demand for Nutraceuticals in Emerging Countries is Likely to Drive the Market
7.4 Pharmaceutical
7.4.1 The Oncology Segment of the Pharmaceutical Industry is Expected to Influence the Market in the Future Positively
7.5 Others
8 Squalene Market, By Region (Page No. - 50)
8.1 Introduction
8.2 Europe
8.2.1 France
8.2.1.1 The Presence of A Well-Established Personal Care Industry is Expected to Augment the Demand for Squalene
8.2.2 Germany
8.2.2.1 High Per Capita Spending of Consumers is Helping in the Market Growth
8.2.3 UK
8.2.3.1 High Spending on Personal Care is Fueling the Market
8.2.4 Italy
8.2.4.1 With the Recovering Economy, the Market is Expected to Grow in the Future
8.2.5 Spain
8.2.5.1 The Country With A Growing Cosmetic Industry Offers Opportunities for Squalene Manufacturers
8.3 APAC
8.3.1 Japan
8.3.1.1 Presence of Multinational Personal Care Product Manufacturers is A Major Driver for the Market
8.3.2 South Korea
8.3.2.1 The Rise in Working Women Population and Disposable Incomes are Expected to Boost the Market
8.3.3 China
8.3.3.1 High Sale of Personal Care Products is Likely to Propel the Squalene Demand
8.4 North America
8.4.1 US
8.4.1.1 The Decline in the Use of Animal-Sourced Squalene is Boosting the Biosynthetic Squalene Market in the Country
8.4.2 Canada
8.4.2.1 Government Regulations on Animal Killing are Influencing the High Consumption of Vegetable-Sourced Squalene
8.4.3 Mexico
8.4.3.1 The Growing Use of Personal Care Products is Witnessed Among the Young Population, Which is Favorable for the Market
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.1.1 Higher Penetration of Premium Products Among the High-Income Population is One of the Key Governing Factors for the Market
8.5.2 Turkey
8.5.2.1 The Rise in Exports of Personal Care Products is Driving the Market
8.5.3 UAE
8.5.3.1 The Market is Characterized By the Prominent Presence of Local Cosmetics Manufacturers
8.6 South America
8.6.1 Brazil
8.6.1.1 The Countrys Unorganized and Fragmented Market Presents Opportunities for Local and Global Manufacturers
8.6.2 Argentina
8.6.2.1 Improving Economic Conditions and the Expansion of International Cosmetic Brands are Supporting the Market Growth
9 Competitive Landscape (Page No. - 89)
9.1 Introduction
9.2 Competitive Leadership Mapping, Tier 1 Companies
9.2.1 Visionary Leaders
9.2.2 Innovators
9.2.3 Emerging Companies
9.3 Strength of Product Portfolio
9.4 Business Strategy Excellence
9.5 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)
9.5.1 Progressive Companies
9.5.2 Responsive Companies
9.5.3 Dynamic Companies
9.5.4 Starting Blocks
9.6 Strength of Product Portfolio
9.7 Business Strategy Excellence
9.8 Market Share Analysis
9.8.1 Kishimoto Special Liver Oil Co. Ltd.
9.8.2 Sophim
9.9 Competitive Scenario
9.9.1 New Product Launch
9.9.2 Expansion
10 Company Profiles (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Seadragon Marine Oils Limited
10.2 Amyris
10.3 Arbee Biomarine Extracts Pvt. Ltd.
10.4 Sophim
10.5 Kishimoto Special Liver Oil Co. Ltd.
10.6 Empresa Figueirense De Pesca, LDA
10.7 Nucelis LLC
10.8 Arista Industries
10.9 EKIZ Olive Oil & Soap Inc.
10.10 New Zealand Green Health Ltd.
10.11 Other Key Players
10.11.1 Rlr Squalene
10.11.2 Cabomer Inc.
10.11.3 Blueline Foods Pvt. Ltd.
10.11.4 Coastal Aquatic Proteins
10.11.5 Globalab
10.11.6 Squalop
10.11.7 Cn Lab Nutrition
10.11.8 Isho Genki International
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 110)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
List of Tables (116 Tables)
Table 1 Squalene Market Size, By Source Type, 20172024 (Ton)
Table 2 Squalene Market Size, By Source Type, 20172024 (USD Thousand)
Table 3 Animal-Sourced Squalene Market Size, By Region, 20172024 (Ton)
Table 4 Animal-Sourced Squalene Market Size, By Region, 20172024 (USD Thousand)
Table 5 Vegetable-Sourced Squalene Market Size, By Region, 20172024 (Ton)
Table 6 Vegetable-Sourced Squalene Market Size, By Region, 20172024 (USD Thousand)
Table 7 Biosynthetic Squalene Market Size, By Region, 20172024 (Ton)
Table 8 Biosynthetic Squalene Market Size, By Region, 20172024 (USD Thousand)
Table 9 Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 10 Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 11 Market Size in Cosmetic End-Use Industry, By Region, 20172024 (Ton)
Table 12 Market Size in Cosmetic End-Use Industry, By Region, 20172024 (USD Thousand)
Table 13 Market Size in Food End-Use Industry, By Region, 20172024 (Ton)
Table 14 Market Size in Food End-Use Industry, By Region, 20172024 (USD Thousand)
Table 15 Market Size in Pharmaceutical End-Use Industry, By Region, 20172024 (Ton)
Table 16 Market Size in Pharmaceutical End-Use Industry, By Region, 20172024 (USD Thousand)
Table 17 Market Size in Other End-Use Industries, By Region, 20172024 (Ton)
Table 18 Market Size in Other End-Use Industries, By Region, 20172024 (USD Thousand)
Table 19 Market Size, By Region, 20172024 (Ton)
Table 20 Market Size, By Region, 20172024 (USD Thousand)
Table 21 Europe: Squalene Market Size, By Country, 20172024 (Ton)
Table 22 Europe: Market Size, By Country, 20172024 (USD Thousand)
Table 23 Europe: Market Size, By End-Use Industry, 20172024 (Ton)
Table 24 Europe: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 25 Europe: Market Size, By Source Type, 20172024 (Ton)
Table 26 Europe: Market Size, By Source Type, 20172024 (USD Thousand)
Table 27 France: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 28 France: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 29 France: Market Size, By Source Type, 20172024 (Ton)
Table 30 France: Market Size, By Source Type, 20172024 (USD Thousand)
Table 31 Germany: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 32 Germany: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 33 Germany: Market Size, By Source Type, 20172024 (Ton)
Table 34 Germany: Market Size, By Source Type, 20172024 (USD Thousand)
Table 35 UK: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 36 UK: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 37 UK: Market Size, By Source Type, 20172024 (Ton)
Table 38 UK: Market Size, By Source Type, 20172024 (USD Thousand)
Table 39 Italy: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 40 Italy: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 41 Italy: Market Size, By Source Type, 20172024 (Ton)
Table 42 Italy: Market Size, By Source Type, 20172024 (USD Thousand)
Table 43 Spain: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 44 Spain: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 45 Spain: Market Size, By Source Type, 20172024 (Ton)
Table 46 Spain: Market Size, By Source Type, 20172024 (USD Thousand)
Table 47 APAC: Squalene Market Size, By Country, 20172024 (Ton)
Table 48 APAC: Market Size, By Country, 20172024 (USD Thousand)
Table 49 APAC: Market Size, By End-Use Industry, 20172024 (Ton)
Table 50 APAC: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 51 APAC: Market Size, By Source Type, 20172024 (Ton)
Table 52 APAC: Market Size, By Source Type, 20172024 (USD Thousand)
Table 53 Japan: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 54 Japan: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 55 Japan: Market Size, By Source Type, 20172024 (Ton)
Table 56 Japan: Market Size, By Source Type, 20172024 (USD Thousand)
Table 57 South Korea: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 58 South Korea: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 59 South Korea: Market Size, By Source Type, 20172024 (Ton)
Table 60 South Korea: Market Size, By Source Type, 20172024 (USD Thousand)
Table 61 China: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 62 China: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 63 China: Market Size, By Source Type, 20172024 (Ton)
Table 64 China: Market Size, By Source Type, 20172024 (USD Thousand)
Table 65 North America: Squalene Market Size, By Country, 20172024 (Ton)
Table 66 North America: Market Size, By Country, 20172024 (USD Thousand)
Table 67 North America: Market Size, By End-Use Industry, 20172024 (Ton)
Table 68 North America: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 69 North America: Market Size, By Source Type, 20172024 (Ton)
Table 70 North America: Market Size, By Source Type, 20172024 (USD Thousand)
Table 71 US: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 72 US: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 73 US: Market Size, By Source Type, 20172024 (Ton)
Table 74 US: Market Size, By Source Type, 20172024 (USD Thousand)
Table 75 Canada: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 76 Canada: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 77 Canada: Market Size, By Source Type, 20172024 (Ton)
Table 78 Canada: Market Size, By Source Type, 20172024 (USD Thousand)
Table 79 Mexico: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 80 Mexico: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 81 Mexico: Market Size, By Source Type, 20172024 (Ton)
Table 82 Mexico: Market Size, By Source Type, 20172024 (USD Thousand)
Table 83 Middle East & Africa: Squalene Market Size, By Country, 20172024 (Ton)
Table 84 Middle East & Africa: Market Size, By Country, 20172024 (USD Thousand)
Table 85 Middle East & Africa: Market Size, By End-Use Industry, 20172024 (Ton)
Table 86 Middle East & Africa: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 87 Middle East & Africa: Market Size, By Source Type, 20172024 (Ton)
Table 88 Middle East & Africa: Market Size, By Source Type, 20172024 (USD Thousand)
Table 89 Saudi Arabia: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 90 Saudi Arabia: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 91 Saudi Arabia: Market Size, By Source Type, 20172024 (Ton)
Table 92 Saudi Arabia: Market Size, By Source Type, 20172024 (USD Thousand)
Table 93 Turkey: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 94 Turkey: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 95 Turkey: Market Size, By Source Type, 20172024 (Ton)
Table 96 Turkey: Market Size, By Source Type, 20172024 (USD Thousand)
Table 97 UAE: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 98 UAE: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 99 UAE: Market Size, By Source Type, 20172024 (Ton)
Table 100 UAE: Market Size, By Source Type, 20172024 (USD Thousand)
Table 101 South America: Squalene Market Size, By Country, 20172024 (Ton)
Table 102 South America: Market Size, By Country, 20172024 (USD Thousand)
Table 103 South America: Market Size, By End-Use Industry, 20172024 (Ton)
Table 104 South America: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 105 South America: Market Size, By Source Type, 20172024 (Ton)
Table 106 South America: Market Size, By Source Type, 20172024 (USD Thousand)
Table 107 Brazil: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 108 Brazil: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 109 Brazil: Market Size, By Source Type, 20172024 (Ton)
Table 110 Brazil: Market Size, By Source Type, 20172024 (USD Thousand)
Table 111 Argentina: Squalene Market Size, By End-Use Industry, 20172024 (Ton)
Table 112 Argentina: Market Size, By End-Use Industry, 20172024 (USD Thousand)
Table 113 Argentina: Market Size, By Source Type, 20172024 (Ton)
Table 114 Argentina: Market Size, By Source Type, 20172024 (USD Thousand)
Table 115 New Product Launch, 20162019
Table 116 Expansion, 20162019
List of Figures (37 Figures)
Figure 1 Squalene Market Segmentation
Figure 2 Squalene Market: Bottom-Up Approach
Figure 3 Squalene Market: Top-Down Approach
Figure 4 Cosmetic to Be the Largest End-Use Industry of Squalene
Figure 5 Animal-Sourced Squalene Accounted for the Largest Market Share in 2018
Figure 6 Europe Accounted for the Largest Share of the Overall Squalene Market in 2018
Figure 7 High Growth Expected Between 2019 and 2024 Due to Growing Cosmetic and Pharmaceutical Industries
Figure 8 Europe to Be the Largest Market
Figure 9 Cosmetic Segment and France Accounted for the Largest Share of the Market
Figure 10 Cosmetic Segment to Account for the Largest Market Share
Figure 11 China to Drive the Market Globally
Figure 12 Animal Source Was the Largest Source Type for Squalene in 2018
Figure 13 Drivers, Restraints, and Opportunities in the Squalene Market
Figure 14 Squalene Market: Porters Five Forces Analysis
Figure 15 Animal Source to Be the Largest Segment of the Squalene Market
Figure 16 APAC to Be the Largest Animal-Sourced Squalene Market
Figure 17 Europe to Be the Largest Vegetable-Sourced Squalene Market
Figure 18 North America to Be the Largest Biosynthetic Squalene Market
Figure 19 Cosmetic End-Use Industry to Dominate the Squalene Market
Figure 20 Europe to Be the Largest Squalene Market in the Cosmetic End-Use Industry
Figure 21 Europe to Be the Largest Squalene Market in the Food End-Use Industry
Figure 22 Europe to Be the Largest Squalene Market in the Pharmaceutical End-Use Industry
Figure 23 APAC to Be the Largest Squalene Market in Other End-Use Industries Segment
Figure 24 APAC to Be the Fastest-Growing Squalene Market
Figure 25 Europe: Squalene Market Snapshot
Figure 26 APAC: Squalene Market Snapshot
Figure 27 North America: Squalene Market Snapshot
Figure 28 Squalene Market Competitive Leadership Mapping, 2018
Figure 29 Squalene Market (Small and Medium-Sized Enterprises) Competitive Leadership Mapping, 2018
Figure 30 Market Share Analysis, 2018
Figure 31 Seadragon Marine Oils Limited: Company Snapshot
Figure 32 Seadragon Marine Oils Limited: SWOT Analysis
Figure 33 Amyris: Company Snapshot
Figure 34 Amyris: SWOT Analysis
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 study involved four major activities in estimating the market size for squalene. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The squalene market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the cosmetics, food, and pharmaceuticals industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the squalene market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
The key players in the industry were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the personal care industry.
Report Objectives
- To analyze and forecast the size of the squalene market in terms of value and volume
- To provide detailed information regarding key factors, such as drivers, restraints, and opportunities influencing the growth of the market
- To define, describe, and segment the squalene market based on source type, and end-use industry
- To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To strategically profile key players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional source type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Squalene Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Squalene Market
Historic and current market analysis for squalane
Market data for the global Squalene market
General information on payment method of report
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