Squalene Market Is Likely to Experience a Tremendous Growth by 2031

Squalene Market is anticipated to grow at a considerable CAGR of 9.1% during the forecast period. According to Cosmetic Info, squalene is found in large quantities in shark liver oil, and in smaller amounts in olive oil, wheat germ oil, rice bran oil, yeast, and in various other foodstuffs. It is the principal hydrocarbon of human surface lipids. It constitutes up to 11.0% of total surface fat and approximately 5.0% of adult skin surface sebum. In higher vertebrates and humans, it is a precursor of cholesterol. According to Cosmetic Europe, the personal care association, cosmetics, and personal care industry was valued at $94.4 billion at retail sales price in 2021.

Moreover, according to the same source, squalene act as a lubricating skin conditioning agent, which gives the skin a soft, smooth appearance, as well as a hair conditioning agent. According to the 2020 US Food and Drug Administration (FDA) Voluntary Cosmetic Registration Program (VCRP) database, squalene and squalene were used in 3,043 and 539 formulations respectively. Squalene is beneficial for anti-oxidation, anti-aging, immune system boosting, UV defence, and many others and thus has a wide variety of uses in the cosmetics, pharmaceuticals, and food industries. The growing application of squalene in these industries is boosting the growth of the global squalene market. For instance, According to Oxford Vaccine Group, MF59, an adjuvant that strengthens and increases the immune response is added to the flu vaccine Fluad which was introduced in the 2018-19 flu season in the UK for adults aged 65 and older. The main ingredient in MF59 is squalene oil, naturally-occurring oil found in humans, plants, and animals. The squalene oil in MF59 comes from fish oil and is highly purified before it is used.  

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Type
• By End-Use

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape- including Amyris, Inc., SOPHIM, Henry Lamotte Oils GmbH, KURARAY CO., LTD., Croda International Plc, and others.

Squalene Market Report Segment

By Type

• Animal-Sourced 
• Vegetable-Sourced
• Biosynthetic

By End-Use

• Cosmetics 
• Pharmaceuticals
• Food & Beverages
• Others

A full Report of Squalene Market is Available @  https://www.omrglobal.com/industry-reports/squalene-market

Squalene Market Report Segment by Region

North America 

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• Aasha Biochem
• Advonex International Corp.
• Amyris, Inc.
• Arbee group
• Arista Industries, Inc.
• Blueline Foods (India Pvt. Ltd.)
• Carbomer, Inc.
• Cibus, Ltd.
• Clariant AG
• Coastal Group
• Croda International Plc
• efpbiotek
• Empresa Figueirense De Pesca, LDA 
• Evonik Industries
• Henry Lamotte Oils GmbH
• Issho Genki International Inc.
• KISHIMOTO SPECIAL LIVER OIL CO., LTD.
• KURARAY CO., LTD.
• Maypro Group
• Merck KGAA
• NZ green health ltd. 
• Oleicfat, s.l.
• Otto chemie pvt. ltd
• SOPHIM
• SpecialChem S.A. (Caroi'line cosmetica)
• Tianjin Winning Health Products ltd.

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Article source: https://article-realm.com/article/Food-Beverage/63844-Squalene-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html