Squalene Market: Overview
Squalene is a natural oily fluid hydrocarbon generally found in animals and plants. Squalene is usually found in ample amount in shark liver oil, as the liver includes nearly one-fourth weight of the fish. Usually, it was produced only from shark liver oil, though on the other hand it is being obtained from plant sources. Mainly, squalene is utilized in a wide range of cosmetics. In addition, it is utilized in vaccines, health foods, and as a high-grade machine lubricant. Squalene is instantly absorbed into the skin with no oily dregs and it also mixes well with different oils, which will boost its demand in personal care products and cosmetic products. The development of the cosmetic business on account of different aspects including growing demand for organic and natural ingredients and striking marketing and packaging strategies by multinationals companies will endorse industry development.
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Squalene Market: Growth Factors
One of the most important factors motivating the squalene market is its augmented usage of cosmetics. There is a stable growth in the cosmetics business in many developing countries such as India and China. Growing disposable returns and influence of Western standard of living are two aspects responsible for the quickly increasing cosmetics industry in this province. On the other hand, cosmetic manufacturers are commencing an extensive variety of anti-aging creams, which is further driving the cosmetic market amongst middle-aged women.
One of the most important restraints for squalene market is the reducing population of sharks. Sharks contain more than 805% of squalene oil in their liver and the liver accounts for approximately one-fourth of the shark’s weight. They are generally found among depths of 2,000 to 3,000 meters, which makes it trouble-free to hunt them. This has actually resulted in endangerment of some of these species. Environmental associations have been making incredible efforts in creating knowledge among customers about the ill-effects on enormous shark-hunting.
Squalene Market: Segmentation
Squalene is usually available from animal sources, primarily from the liver oil from deep sea sharks or from vegetable sources such as sugar canes, olive oil, wheat germ oil, amaranth oil, and rice bran oil. Shark liver oil has been the conventional source for squalene but it is also one of the causes for the killing of these animals. The governmental regulations, NGO activities, and rising environmental issues in the minds of customers have limited the development of this segment. Due to this, vegetable squalene section has come into the highlight to substitute the animal sourced squalene section. New and innovative technologies and growing demand from the customer industries are anticipated to be driving factor for the expansion of this segment.
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Squalene Market: Regional Analysis
Due to the growth in natural ingredients demand, particularly derived from the plants, for cosmetic products and personal care by customers due to injurious effects from fossil fuel sources is most probable to fuel development in Europe. North America is controlled by the U.S. squalene market and was is anticipated to consume a large amount in the coming years. Dietary supplement applications are probable to considerably rise amongst the U.S. consumer base, thus triggering demand. APAC, led by India and China squalene market share, is probable to develop at considerable pace in the coming years. Latin America, is supported by strong expansion indicators in Brazil, is comparatively at a growing stage with respect to usage.
Squalene Market: Competitive players
The key players of the global squalene market are Empresa Figueirense De Pesca, LDA, ?Kishimoto Special Liver Oil Co. Ltd., Sophim, Maruha Nichiro Corporation, Amyris, and Seadragon Marine Oils Limited.
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Global Squalene Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa