Dublin, 21 August 2020 (GLOBE NEWSWIRE) – The “squalene market through the type of source (animal source (animal source (shark liver oil), vegetable source (olive oil, Palm oil, amaranth oil), biosynthetic (transgenic yeast), fine – use industry (cosmetics, food and pharmaceuticals) and region: the Global Forecast to 2025 report “has been added to the ResearchAndMarkets.com offering.
The global squalene market totaled $140 million in 2019 and is expected to succeed at $184.4 million through 2025, with a compound annual rate of 7.3% between 2020 and 2025.
The expansion of cosmetics and pharmaceuticals is expected to stimulate the squalene market.
The squalene market is basically based on higher sales of cosmetics and pharmaceuticals. The developing cosmetic industry in emerging markets such as Brazil, China and India; Increase customer awareness of the use of high quality cosmetics; and the willingness to pay the maximum costs is the engine of the cosmetic industry around the world.
Biosynthetics are expected to be the fastest developed squalene market, in terms of value, between 2020 and 2025.
The biosynthetic segment is expected to delight in the most powerful price expansion during the forecasting period. With skepticism about shark liver oil from sharks and low levels of squalene in plant sources, the source is fluctuating, helping to maintain volatile costs. While in plant sources, the squalene content is very low. As a result, tons of olives and amaranth are needed to produce a small amount of squalene. Together, those reasons have led to the higher retail costs of squalene. As a result, sugarcane and other sugar-containing biomaterials are known as a source of squalene production. This biosynthetic squalene should be obtained at a reduced cost; therefore, the biosynthetic squalene market is expected to grow at a maximum rate during the forecasting period.
The cosmetics industry is estimated to represent the largest percentage of the global squalene market, in terms of value, between 2020 and 2025.
Cosmetics are the largest end-use industry for squalene due to their increasing use in the manufacture of skin care products. The demand for smart quality herbal cosmetics has been the main driving force of the market expansion. Favorable homes and the presence of squalene herbs are another thing to blame for the expansion of this market. APAC basically stimulates the expansion of squalene-containing products. Increasing customer awareness of the use of high-quality products and the willingness to pay higher value for products are the main demands.
The European squalene market is estimated to be the largest during the forecasting period. Due to the strong presence of major cosmetic brands and the strong demand for high-end good looking products. Demand for products from the cosmetics, nutritional supplements and end-use pharmaceutical industries is driving the squalene market in the region. In recent years, the place where the market laces are placed has witnessed a change from squalene of animal origin to squalene of plant origin. The trend is expected to remain the same during the forecast period.
France accounted for the highest percentage of the region, followed by Germany, the United Kingdom, Italy and Spain. The high customer force and growing demand for luxury goods will continue to stimulate the squalene market in the region during the forecasting period.
Search coverage
This report segments the place of the squalene market based on source type, end-use industry, and region, and provides estimates of the total length of market place in the regions. Detailed research was conducted on key industry players to provide data on their business knowledge, products and services, and key methods related to the squalene market.
Key topics
For more information on this report, https://www.researchandmarkets.com/r/pkri9d
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