Animal-Sourced Squalene Market Size Forecast to Reach $220 Million by 2025

October 9, 2020
Blessy

Animal-Sourced Squalene Market size forecast to reach $220 Million by 2025, after growing at a CAGR of 7.8% during 2020-2025. With increasing consumer awareness of the usage of high-quality cosmetic products, the market demand for animal-sourced squalene will grow. Dominance of animal source is mainly due to the price of squalene obtained from animal source is less than that of squalene obtained from vegetable and other sources which will create hurdles for the animal-sourced squalene market due to the stringent governments’ regulations towards protection of animals.

Key Takeaways

Europe dominates the animal-sourced squalene market, owing to the high spending power of consumers in the region, as well as the growing demand for natural cosmetics with good quality products
Increasing spending and R&D on oncology medicines, is likely to aid in the market growth of animal-sourced squalene.

Squalene prevents the formation of age spots, protects from UV damage, and promotes cell growth in skin. It is widely used as a cleansing and moisturizing compound in personal care and cosmetic products including, creams, lotions, bath oils, hair conditioners, lipsticks, sunscreens, and others, will increase the market demand for animal-sourced squalene in the near future.

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Application – Segment Analysis

Cosmetics holds the largest market share in the Animal-sourced Squalene Market, as Squalene act as lubricants on the skin surface, which gives the skin a soft, smooth appearance. These ingredients also act as hair conditioning agents. 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. Squalene is made by completely hydrogenating squalene. The hydrogenation process can occur naturally in the human body. Squalene – though can be produced from plants – is typically derived from the liver of deep-sea sharks, since these sharks have especially large reserves of squalene, as their livers comprise one-third of their entire weight.

Drivers – Animal-Sourced Squalene Market

Helps in health Issues

Boost Immune system or Immune System Restorer

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the animal-sourced squalene market. Major players in the animal-sourced squalene Market are Sophim, Amyris, Kishimoto Special Liver Oil Co. Ltd., SeaDragon Marine Oils Limited, Arista Industries Inc., Ekiz Olive Oil & Soap Inc., among others.

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