Global Squalene Market Overview
Squalene is a natural organic compound obtained primarily from shark liver oil for commercial purposes. All plants and animals, including humans, produce squalene as a biochemical intermediate. Growing awareness regarding the beneficial properties of squalene on human health along with growth in the cosmetics and pharmaceuticals industry is the major propellant for the growth of the squalene market. The global pharmaceutical revenue rose US$ 1.25 trillion in 2019 and is projected to grow with 7-8% in the upcoming years. Rising R&D in the oncology segment along with growing spending on oncology medicines over the forecast period is likely to boost the market growth.Squalene is a natural organic compound obtained primarily from shark liver oil for commercial purposes. All plants and animals, including humans, produce squalene as a biochemical intermediate. Growing awareness regarding the beneficial properties of squalene on human health along with growth in the cosmetics and pharmaceuticals industry is the major propellant for the growth of the squalene market. The global pharmaceutical revenue rose US$ 1.25 trillion in 2019 and is projected to grow with 7-8% in the upcoming years. Rising R&D in the oncology segment along with growing spending on oncology medicines over the forecast period is likely to boost the market growth.
COVID-19 Impact on the Market:
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. Government across the countries has imposed strict lockdown to limit the spread of disease. However, increasing investments by prominent players and other industries has created growth opportunities, during this chaotic situation, to fulfill the demand of suppliers. However, the personal care industry is also experiencing negative growth, which will decline the demand for squalene in 2020. In Europe, the demand for luxury beauty products is very, but due to the lockdown, the demand for squalene has declined. L’Oréal (France) a leading cosmetics manufacturer has announced a decline in revenue of about 5% for the first quarter of 2020. This report will quantify the impact of this pandemic on the squalene market.
Global Squalene Market Dynamics
The growth in the pharmaceutical industry
Increased R&D and spending on oncology medicines are projected to fuel the industry size. For instance, according to the recent analysis by the IQVIA Institute for Human Data Science, the global oncology-drug market reached US$133 billion in 2017. In the US, the spending on cancer drugs has doubled since 2012 with the huge share tied to drugs launched. Whereas, the overall spending on cancer therapies and supportive-care products increased to US$133 billion in 2017 globally, up from US$96 billion in 2013. Moreover, the spending on oncology medicines over the forecast period is anticipated to be in the range of 6.0–8.0%, which is likely to propel the squalene market.
Furthermore, the surging cosmetic industry in developing markets such as India, China, and Brazil, growing consumer awareness related to the use of high-quality cosmetic products, and willingness to pay premium prices are promoting the cosmetic industry growth at a global level. Hence, fueling the growth if the global squalene market.
However, several governing agencies such as the North-East Atlantic Fisheries Commission (NEAFC), North Atlantic Fisheries Organization (NAFO), General Fisheries Commission of the Mediterranean (GFCM), and Commission for Conservation of Antarctic Marine Living Resources (CCAMLR) have imposed limitations such as fixed quotas for shark fishing, which, in turn, has led to the short supply of shark liver and, thereby affected growth of the overall squalene market.
Global Squalene Market Segmentation
The global squalene market is segmented based on the source type, end-user, and region.
Depending upon the source type, the global business is categorized into the animal source (shark liver oil), vegetable source (olive oil, palm oil, and amaranth oil), and biosynthetic (gm yeast). Based on the end-user, the target market is segmented into cosmetics, food, and pharmaceuticals.
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Europe accounted for the largest market share in squalene in 2019 and projected to maintain its position over the forecast period. Growing demand for squalene from pharmaceuticals and nutraceutical industry is influencing positive growth for the market in the country. In addition, the increased spending power of consumers and the growing demand for natural cosmetics has driven the market growth in this region.
Whereas, the Asia Pacific is projected to register the fastest volume growth in the upcoming years due to the growing cosmetics sector in India, China, South Korea, Indonesia, and Malaysia. Moreover, rising disposable income, growing health awareness, changing lifestyles coupled with increasing demand for dietary supplements will augment industry size in this region
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Source Type - Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, and Amaranth Oil), and Biosynthetic (GM Yeast) By End-user- Cosmetics, Food, and Pharmaceuticals |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global squalene market report based on source type, end-user, and region.
Global Squalene Market, By Source Type:
- Animal Source (Shark Liver Oil)
- Vegetable Source (Olive Oil, Palm Oil, and Amaranth Oil)
- Biosynthetic (GM Yeast)
Global Squalene Market, By End-user:
- Cosmetics
- Food
- Pharmaceuticals
Global Squalene Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Squalene Market Key Players
The key players operating in the global squalene market include Arista Industries, Inc., Amyris Biotechnologies, Maruha Nichiro Corporation, Nucelis LLC, Sophim, Arbee Agencies, Gracefruit Limited, Empresa Figueirense De Pesca Lda, SeaDragon Marine Oils, VESTAN Squalene Hydrogenation and Purification, and Kishimoto Special Liver Oil. Companies are increasing their investments in R&D to expand its product portfolio and market presence. For instance, in October 2020, Amyris, Inc., a leading synthetic biotechnology company in Clean Health and Beauty markets announced that it is currently delivering samples to pharmaceutical companies of a sustainable and scalable alternative to shark-based vaccine adjuvants currently used in a number of vaccines, including those directed at influenza and COVID-19.
Global Squalene Market Company Profile
- Arista Industries, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amyris Biotechnologies
- Maruha Nichiro Corporation
- Nucelis LLC
- Sophim
- Arbee Agencies
- Gracefruit Limited
- Empresa Figueirense De Pesca Lda
- SeaDragon Marine Oils
- VESTAN Squalene Hydrogenation and Purification
- Kishimoto Special Liver Oil
“*” marked represents similar segmentation in other categories in the respective section
Global Squalene Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Squalene Strategies
- Key Questions this Study will Answer
- Market Snippet, By Source Type
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Squalene Market, By Source Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Animal Source
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Vegetable Source
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Biosynthetic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Squalene Market, By End-user, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Cosmetics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Food
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Squalene Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Source Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Source Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Source Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Source Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Source Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Arista Industries, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Amyris Biotechnologies
- Maruha Nichiro Corporation
- Nucelis LLC
- Sophim
- Arbee Agencies
- Gracefruit Limited
- Empresa Figueirense De Pesca Lda
- SeaDragon Marine Oils
- VESTAN Squalene Hydrogenation and Purification
- Kishimoto Special Liver Oil
- Arista Industries, Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global squalene market is segmented based on source type, end-user, and region.
Growing demand from cosmetics and pharmaceuticals industry is likely to drive the growth of the global squalene market over the forecast period.
Europe accounted for the largest market share in squalene in 2019 and projected to maintain its position over the forecast period.
Companies are increasing their investments in R&D to expand its product portfolio and market presence.