Squalene Market worth $177.06 Million by 2019
The report “Squalene Market by Source (Animal & Vegetable) & by End-user Industry (Cosmetics, Pharmaceuticals, & Food Industry) - Global Trends & Forecasts to 2019” defines and segments the squalene market with an analysis and forecast of the market size in terms of value. The squalene and squalane market in terms of value is expected to grow to $177.06 million by 2019, at a CAGR of 10.3% in terms of value from 2014 to 2019. It also determines the drivers and restraints of the squalene/squalane market with an analysis of the trends, opportunities, burning issues, and winning imperatives.
Browse 94 market data tables and 99 figures spread through 231 slides and in-depth TOC on “Squalene Market - Global Trends & Forecasts to 2019”
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Squalene / squalane have been witnessing high demand from high value and high growth end use industries such as cosmetics, food supplements, and pharmaceuticals. This is due to their various beneficial properties such as anti-aging, anti-oxidation, anti-inflammation, strengthened immune system, cell rejuvenation, and many more.
In terms of region, Europe was the biggest consumer of squalene / squalane in 2013 which is expected to continue to grow till 2019 as an effect of the increase in demand for natural cosmetics and personal care products. North America is also expected to have a high growth rate in the market till 2019 due to the demand for squalene and squalane for application in dietary supplements.
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The squalene market has very little governmental support which has proved to be a major restraint. The governmental regulations and the NGO activities against the killing of sharks have also created difficulties in the supply of raw material for this market. Squalene from vegetable sources has its own set of problems such as price fluctuations due to the competition with edible oil industry. The impact of the western culture over the use of animal sourced products has also had an impact on the market.
The new technologies being developed for producing squalane and the R&D initiatives being undertaken by the cosmetic and pharmaceutical companies for incorporating the various beneficial properties and skin-identical nature of squalene and squalane in their products are expected to be the driving factors of this market in the coming years.
The squalene market is largely segregated with very few major players in the market. The major players dominate the industry and have a higher bargaining power. Some of the major companies in the squalene and squalane market are Sophim (France), Croda International (U.K.), Amyris Inc. (U.S.), Empressa Figueirrense de Pesca, LDA (Portugal), SeaDragon Marine Oil Ltd. (New Zealand), and Kishimoto Special Liver Oil Co. (Japan). The market has been witnessing a number of developments including collaborations, supply contracts, and the introduction of new technologies.
The report also covers the squalene market and its trends on the basis of applications in the cosmetic, food supplements, pharmaceutical, and other industries like high grade lubricant and fiber coating additives. The cosmetics industry is the biggest consumer of the amaranth seed oil market which accounted for a market share of above 60% in 2013. The segment is expected to continue to grow at a good rate due to the increase in the demand for high end cosmetic products made from natural ingredients. The pharmaceutical segment is expected to have the highest growth rate in the market with an increasing use of natural chemicals in medicinal formulations.
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Squalene is most commonly obtained from the livers of sharks, especially the deep sea sharks, as the concentration of squalene is highest in those animals, but due to the excessive killing of sharks and the regulations, NGO activities, and growing environmental concerns have created difficulties in getting raw material. On the other hand, squalene is also extracted from vegetable sources such as olive oil, sugarcanes, and from other sources like amaranth oil, wheat germ oil, and rice bran oil. The vegetable sources have low concentration of squalene and large plants are required to make the whole operation feasible. New technologies and innovations in this market scheduled in the near future, indicate a good potential for the squalene and squalane market.
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