Major Players in the Squalene Market: Amyris Inc. (U.S.), Empressa Figueirrense de Pesca, LDA. (Portugal), Sophim (France), Croda International (U.K.), SeaDragon Marine Oils Ltd. (New Zealand), Kishimoto Special Liver Oil Co. Ltd. (Japan).
(PRWEB) December 07, 2014
The research report, “Squalene Market by Source & End-user Industry”, defines and segments the market with an analysis and forecast of the market size in terms of value. The market in terms of value is expected to grow to $177.06 million by 2019, at a CAGR of 10.3% from 2014 to 2019.
Browse 94 market data tables and 99 figures spread through 231 slides and in-depth TOC on “Squalene Market by Source (Animal & Vegetable) & by End-user Industry (Cosmetics, Pharmaceuticals, & Food Industry) – Global Trends & Forecasts to 2019”.
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The global squalene market is expected to grow at a good CAGR to reach $177.06 million by 2019. The oil has many beneficial properties that make it very valuable in a range of cosmetic & personal care, pharmaceuticals, and food supplement applications. Cosmetics industry is the biggest consumer of squalene due to its natural skin-identical nature with anti-inflammatory and anti-aging properties. Squalene is believed to be responsible for lowering cholesterol levels, immune system strengthening, and cell rejuvenation for which it is being used in pharmaceutical drug formulations. The natural chemical is also used by the dietary supplement industry due to the high levels of protein content in it.
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Europe constituting the largest segment of the Squalene/Squalane market
The squalene market is led by the Europe region and is expected to continue to be the largest segment till 2019. The market is anticipated to register a good growth on account of the increase in demand for naturally sourced cosmetics and pharmaceuticals products as well as the increase in the consumption of dietary supplements. Asia-Pacific is the second largest segment in the market where the growth is driven due to the developing economies which is increasing the purchasing power of the people and increasing the demand for high-end luxury products. The North America region is also expected to witness good growth on account of the demand for luxury cosmetics & personal care products.
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Market driven by many factors
The factors that drive growth in the squalene market include the various beneficial properties of the chemicals, the increase in demand from end use industries like cosmetics, new technologies for production of squalene, R&D initiatives in the cosmetic & pharmaceutical sector related to squalene and squalane. The factors that are providing hindrance in the growth of this market are the limited raw material availability, lack of awareness, very little governmental support, changing lifestyles, regulations & NGO activities regarding fishing of sharks, and the price variability associated with the vegetable sources of squalene.
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