Report Code: A03110 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Animal-sourced Squalene Market
Request Now !Squalene is an unsaturated hydrocarbon found in abundance in shark liver oil. All living organisms including humans naturally produce squalene, but its production is affected with age. Squalene is used in various industries, such as cosmetics, healthcare, and nutraceuticals due to its medicinal and pharmacological benefits, such as chemo-preventive agent, antioxidant, immune system restorer, and others.
Squalene prevents the formation of age spots, protects from UV damage, and promotes cell growth in skin. It is widely used as a cleansing and moisturizing compound in personal care and cosmetic products including, creams, lotions, bath oils, hair conditioners, lipsticks, sunscreens, and others. Thus, increasing consumption of squalene in cosmetics is the key driver for the market growth.
Rise in geriatric population has led to high prevalence of cancer and cardiovascular diseases. Squalene helps in reducing carcinogen and cholesterol levels, which in turn is expected to fuel its demand in pharmaceutical applications. Moreover, increasing applications of squalene as an immune system support is expected to present lucrative opportunities for the market growth. However, government ban on shark fishing is expected to hamper the market growth.
The global animal-sourced squalene market is segmented based on application and geography. Based on application, the market is divided into cosmetics, food supplements, and healthcare. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Animal-sourced Squalene Market Report Highlights
Aspects | Details |
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By APPLICATION |
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By GEOGRAPHY |
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Key Market Players | New Zealand Green Health Ltd., Amyris Inc., Arista Industries Inc., Gracefruit Limited, Croda International PLC, Maruha Nichiro Corporation, Empressa Figueirrense de Pesca, Seadragon Marine Oils Limited, Kishimoto Special Liver Oil Co. Ltd. |
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