The global squalene market size was valued at $110 million in 2015 and is expected to grow at a CAGR of 10.1% to reach $214 million by 2022. Squalene is an unsaturated hydrocarbon that can be used in various industries, which include cosmetics, nutraceutical, and healthcare. It is found in large quantity in shark liver oil and can be obtained in small quantities from vegetables & synthetic biotechnology.
Primary Interview Responses Split
The other sources of squalene include vegetable sources, such as amaranth seeds, olives, wheat germ, etc. Nowadays, alternatives to shark liver and vegetable sources are also being investigated and biotechnologically squalene can be synthesized by using a yeast, which is selective towards squalene to increase its production. Squalene is naturally produced by all organisms, even humans, where the amount of squalene gradually decreases with age. Squalene is mainly used for its medicinal and pharmacological benefits, such as acting as a chemo-preventive agent, antioxidant, immune system restorer, and much more. The recent research in medical and pharmaceutical industry has paved way to use this for various medical benefits, which is expected to drive the squalene market.
Plants, such as olives also have a high amount of squalene. Olive oil contains the largest percentage among the common vegetable oils. For instance, olive oil has 136-708 mg/100g of squalene. Squalene can be recovered in yields of up to 90% through vegetables. Besides olives, palm oil, amaranth seeds, and wheat germs are also used to produce squalene. Currently, the market share through vegetables is the largest and is on an increase as more and more companies shift toward organic sources to reduce the shark liver oil usage. Olives account for the highest share in the market, while amaranth seeds are also good alternatives to olives. Considering the awareness about environment and ecosystems, various governments have imposed strict rules and regulations on squalene production from shark liver. This is a golden chance to manufacture squalene through vegetable sources.
Squalene Market Segmentation
Top Winning Strategy
Leading players in the global squalene industry have adopted various strategies to achieve additional market share. These key strategies are gathered from press releases, annual reports of market players, and primary calls made to industry experts. Market players profiled in this report are squalene producers and distributors catering to industries, such as cosmetics, healthcare, and nutraceuticals. Key strategies adopted by these players include product launch, joint venture, acquisition, partnership, expansion, and investment.
SQUALENE MARKET: TOP WINNING STRATEGIES, 2012-2016 (%)
The above pie chart represents the percentage split of the strategies adopted by the key market players. Product launch and acquisition accounted for 30% of all strategies adopted, while expansion and agreement is the second topmost strategy, accounting for 20% of the overall strategies.
Squalene products are extensively used in the cosmetics industry to manufacture beauty products. Squalene works as an antioxidant, and prevents the formation of age spots & UV damage, and also promotes the cell growth in skin care. It prevents dangerous effects of the lipid peroxidation with its antioxidant quality. It is also a natural skin moisturizer. In addition, it works as a conditioner in hair care products and provides shine. Cosmetic products comprise of skin care, oral care hair care, and fragrance. Their applications account for a large share by volume as well as by revenue in the squalene market. Squalene is majorly used by the skin care and hair care product manufacturers as it is predominantly used in their products.
Various key players in the squalene industry have introduced new products to acquire the large share of the market. For example, subsidiary of Amyris, Inc, Biossance skincare, launched a product namely Detoxifier-a face modelling mask which hydrates the face deeply as squalene relaxes the skin. The major factor that drives the squalene market is the continuous growth in demand for cosmetics. Investment in R&D in synthetic biotechnology to produce squalene also fuels the growth of the market.
UAE and Brazil majorly contribute to the revenue of the squalene market, due to increase in health consciousness among the people of LAMEA. Cosmetics industry in the countries such as Brazil and Argentina boom, which thus makes way for the growth of the squalene market in the region. Brazil and Saudi Arabia offer a huge potential for the squalene market owing to the growth in the cosmetics and healthcare industry. Also, countries such as Argentina and UAE offer good growth opportunity for the squalene manufacturer due to the rise in the cosmetics industry.
UAE SQUALENE MARKET, 2014-2022 ($MILLION)
Key players profiled in the report include Arista Industries Inc., Empressa Figueirrense de Pesca, LDA., Seadragon Marine Oils Limited, Arista Industries Inc., Maruha Nichiro Corporation, Gracefruit Limited, Kishimoto Special Liver Oil Co. Ltd., Amyris Inc., New Zealand Green Health Ltd., and Croda International PLC.
Other key players (not profiled in report) in the value chain include, Carbomer, Asha Biochem, Nucelis LLC, EKIZ Olive Oil & Soap Inc., and others.
- This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global squalene market, which assists to identify the prevailing opportunities.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- Exhaustive analysis predicts the applications that are currently used along with the variants that would gain prominence in the future.
- Competitive intelligence of leading manufacturers and distributors in squalene industry highlight the competitive scenario across the geographies.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook.
KEY MARKET SEGMENTS:
Global Squalene Market is segmented as:
BY END-USE INDUSTRY
- Skin Care
- Hair Care
- Food Supplements
- Health Care
- Cancer Treatment
- Heart Disease
- Skin Health
- Shark Liver
- Synthetic Biotechnology
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest Of LAMEA