Squalene Market Size, Share & Trends Report

Squalene Market Size, Share & Trends Analysis Report By Raw Material (Vegetable, Synthetic, Animal), By Application (Cosmetics, Pharmaceuticals), By Region, And Segment Forecasts, 2016 - 2024

  • Published Date: Aug, 2016
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-991-3
  • Format: Electronic (PDF)
  • Historical Data: 2013 - 2014
  • Number of Pages: 100

Industry Insights

The global squalene market size was valued at USD 111.9 million in 2015 and is expected to witness steady growth owing to rising awareness regarding its health benefits. This has resulted in its increasing usage in pharmaceuticals, food supplements, and cosmetics. Squalene is a chemical compound naturally found in shark liver oil and other vegetables sources, including olive oil, rice bran oil, and wheat germ oil.

The market is expected to grow substantially over the forecast period on account of its nutritional and health benefits, such as white blood cell rejuvenation, immune system stimulation, anti-carcinogen, and antioxidant properties. Increasing usage of the product as a cleansing and moisturizing compound in personal care and cosmetic products such as creams, lotions, lipsticks, bath oils, sunscreens, hair conditioners, and foundations will propel industry growth over the forecast period.

U.S. squalene market

Squalene is quickly absorbed into the skin without leaving an oily residue and also mixes well with other oils, which will augment its demand in personal care and cosmetic products. The growth of the cosmetics industry can be attributed to factors such as rising demand for natural and organic ingredients and attractive marketing and packaging strategies by multinationals. These factors are likely to promote industry expansion.

High prevalence of cancer and cardiovascular diseases is anticipated to propel demand for squalene in pharmaceutical applications as it reduces carcinogen and cholesterol levels. However, fluctuation in raw material supply owing to strict government regulations on shark poaching and health controversies related to the use of squalene in pharmaceuticals are expected to hamper growth over the forecast period.

Nevertheless, advancements in extraction methods, coupled with development of vegetable and synthetic sources, are anticipated to have a positive impact on the squalene market. Recent application of the product as a vaccine adjuvant in Europe to stimulate the human body’s immune response is expected to provide further opportunities for market expansion.

Raw Material Insights

Vegetable-based squalene, derived from olive oil, amaranth oil, wheat germ, and rice bran oil, was the largest segment and accounted for 46.0% of the overall volume in 2015. The segment is expected to witness significant growth in light of the high availability of olive oil in various countries, including Spain, Italy, Portugal, Greece, U.S., Australia, Turkey, Morocco, Algeria, France, Australia, and Egypt. Moreover, increasing awareness regarding benefits of olive oil in skin treatments is expected to create immense market potential over the next few years. Olive oil is widely used in skin and hair treatment purposes.

Animal-based squalene, derived from shark liver, is a prominent segment and was valued at USD 46.2 million in 2015. Regulations on deep-sea shark fishing in Europe and North America are extremely stringent whereas regulations in Asia Pacific are relatively relaxed. This factor is expected to result in sluggish growth of the market over the forecast period.

Application Insights

Cosmetics formed the dominant segment and accounted for 64.2% of the overall revenue in the squalene market in 2015. The segment is slated to witness substantial growth in light of increasing demand for anti-aging and rejuvenating creams among middle-aged women. Moreover, increasing awareness regarding detoxifying, hydrating, and emollient attributes of the product is likely to spur industry expansion over the coming years.

Furthermore, antibacterial properties of the product are likely fuel its demand among major players in the cosmetics and personal care industry, including L’Oreal, Avon, Elizabeth Arden, Proctor & Gamble, Estee Lauder, Johnson & Johnson, and Mary Kay.

Global squalene market

Pharmaceuticals accounted for 7.7% of the global volume in 2015 and the segment is expected to show high gains in light of the development of the healthcare sector in China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. A number of players have also been focusing on high purity products for niche and novel applications, such as vaccines.

Regional Insights

Europe is the largest regional market, accounting for 36.6% of the global volume in 2015, and will witness significant growth in the coming years. This is on account of mounting demand for plant-derived ingredients in cosmetic and personal care products, especially in France, Germany, and Italy. Urbanization, higher spending power, and growing awareness regarding appearance and grooming are also expected to propel squalene demand over the forecast period. Increasing aging population, coupled with rising dietary supplements demand in Russia, Italy, and Romania, will stimulate industry expansion.

Asia Pacific is expected to witness the fastest volume growth at a CAGR of 10.0% from 2016 to 2024 owing to rising cosmetics sector in India, China, South Korea, Indonesia, and Malaysia. Increasing demand for dietary supplements in these countries in light of rising disposable income, changing lifestyle, and growing health awareness will augment industry size.

Squalene Market Share Insights

Key participants include Amyris Biotechnologies; Arista Industries Inc.; Nucelis LLC; Empresa Figueirense De Pesca Lda; Maruha Nichiro Corporation; Arbee Agencies; Sophim; Gracefruit Limited; VESTAN Squalene Hydrogenation and Purification; SeaDragon Marine Oils; and Kishimoto Special Liver Oil.

The global market is highly dynamic in nature and is characterized by increasing investments in R&D by various players. Companies have been focusing on high purity products for niche and novel applications, including pharmaceuticals and vaccines. Cosmetics is also a thriving application segment and several companies have been specializing in this sector to capitalize on the opportunities it presents. For instance, Amyris offers sugarcane-derived, high-quality Neossance Squalane, which is economical and biocompatible.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2014

Forecast period

2016 - 2024

Market representation

Revenue in USD Million and volume in Tons, CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country Scope

U.S., Canada, Italy, Germany, France, Spain, U.K., China, Japan, South Korea, Brazil

Report coverage        

Revenue and volume forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

 

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified