The global squalene market is expected to reach USD 271.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.
Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.
Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/squalene-market
Further key findings from the report suggest
·
The global squalene market demand was 2,973.0
tons in 2015 and is expected to witness growth at a CAGR of 9.2% from 2016 to
2024
·
Synthetic squalene will see the highest revenue
gains at a CAGR of 11.0% from 2016 to 2024 in light of rising usage in
cosmetics owing to its superior moisturizing properties along with stable and
consistent composition
·
North America market was valued at USD 24.6
million in 2015 and will show a significant rise in light of its rising demand
in dietary supplements. Increasing focus towards maintaining a healthy
lifestyle is expected to augment the demand for dietary supplements, in turn,
bolstering squalene industry growth. Growing demand for pharmaceuticals owing to
the prevalence of key players including Pfizer, Johnson & Johnson, and
Merck & Co. along with rising R&D expenditure in the U.S. and Mexico
will propel market growth.
·
Latin America will witness significant revenue
gains at a CAGR of 10.5% from 2016 to 2024 in light of rising demand for beauty
products in Brazil, Colombia, Uruguay, Ecuador, and Chile. Rising disposable
incomes, changing beauty trends & standards, along with increasing
investment in personal care products will drive industry expansion over the
next eight years.
·
Key industry participants include Amyris
Biotechnologies, AASHA BIOCHEM, EmpresaFigueirense De Pesca, Lda, Maruha
Nichiro Corporation, Arista Industries Inc, Sophim and Nucelis LLC. In April
2015, Amyris Biotechnologies entered into a partnership with Squalan
Natural Health B.V. to manufacture NeossanceSqualane for personal care
products.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the global squalene market on the basis of
raw material, application and region:Global Squalene Raw Material Outlook (Volume, Tons;Revenue, USD Million, 2013 - 2024)
·
Animal
·
Vegetable
·
Synthetic
Global Squalene Application Outlook (Volume, Tons; Revenue, USD
Million, 2013 - 2024)
·
Food
·
Pharmaceuticals
·
Cosmetics
·
Other
Global Squalene Regional Outlook (Volume, Tons; Revenue, USD
Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
France
o
Spain
o
Italy
·
Asia Pacific
o
China
o
Japan
o
South Korea
·
Latin America
o
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-squalene-market
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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