The report “Squalene Market by Source (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region – Global Forecast to 2028″, size was USD 141 million in 2022 and is projected to reach USD 202 million by 2028, at a CAGR of 6.3%, between 2023 and 2028. Squalene is used in various end-use industries including cosmetics, pharmaceuticals, food and others. Squalene is a natural emollient and moisturiser. As a result of its striking resemblance to the skin’s natural sebum, it makes a fantastic ingredient for skincare products. It aids in moisture retention, avoiding dryness and keeping the suppleness of skin.
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- 300 Market data Tables
- 52 Figures
- 236 Pages and in-depth TOC on “Squalene Market – Global Forecast to 2028”
Some of the prominent key players are:
· Amyris, Inc (US)
· SOPHIM (France)
· Merck KGaA (Germany)
· Kishimoto Special Liver Oil Co., Ltd. (Japan)
· Empresa Figueirense De Pesca (Portugal)
· Arbee (India)
· Cibus (US)
· Otto Chemie Pvt. Ltd. (India)
· Arista Industries (US)
· Oleicfat s.l. (Spain)
Driver: Growing demand for cosmetic products
The cosmetics industry has been evolving to be more inclusive and diverse. Brands are expanding their shade ranges for makeup products to cater to a wider range of skin tones, reflecting the demand for products that cater to all ethnicities. The convenience of online shopping has led to a significant increase in cosmetic sales through e-commerce platforms. Consumers can easily browse and purchase products online, which has expanded market access. Personalized and customizable cosmetics are also gaining popularity. Consumers appreciate the ability to tailor products to their specific needs and preferences. All these factors drive the market for squalene used in cosmetic products.