“Europe squalene market being the major regional industry is anticipated to surpass USD 110 million by 2022.
OCEAN VIEW, DELAWARE , UNITED STATES, March 1, 2017 /EINPresswire.com/ — Increasing consumption of cosmetics and personal care products is poised to upscale the growth of Squalene Market worldwide. Squalene is widely used in the emollients, lipsticks, lotions, and anti-ageing creams as it possesses anti-oxidation and anti-inflammatory characteristics. Moreover, influence of western lifestyle coupled with increasing spending capacity is further stimulating the squalene industry share. As per Global Market Insights, Inc., “Squalene Market size is estimated to witness a CAGR of 9% over the period of 2015-2022.”
Conventionally, squalene was only obtained from shark liver oil, but overexploitation of sharks has prompted many regulatory agencies to limit shark fishing. Environmental agencies are making tremendous efforts on curbing the activities of shark-hunting, as this has caused depletion of some species, for example the Portuguese shark. Moreover, initiatives taken by Unilever and L’Oréal in 2008, had proclaimed to use plant derived oils instead of shark liver oils.
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Squalene is natural hydrocarbon mainly found in sources such as vegetable, shark liver, and synthetic. The vegetable source is expected to generate USD 130 million by 2022. This was the most prominent source in the overall squalene industry. Rising limitations on shark fishing and scaling has shifted the focus to vegetable source. Olive oil is the richest vegetable source which contains around 400 mg of squalene per 100 grams. Shark squalene market is foreseen to experience moderate gains over the coming years. Furthermore, the synthetic squalene industry is projected to generate demand over 850 tons by 2022.
Squalene industry will significantly expand, owing to its application in cosmetics, pharmaceuticals, and supplements sectors. The global squalene industry revenue is anticipated to exceed USD 240 million by 2022. Cosmetics applications dominated the industry accounting for 66% of share in 2014. Squalene is key ingredient in the products such as eye makeup, bath oils, body powders, skin care & moisturizing, nail products, sun tan preparations and hair preparations with content ranging from 0.1% to 50%. Pharmaceutical application is anticipated to grow at a rate of 9% CAGR over the period of 2015-2022. Moreover, dietary supplement application in the squalene market is estimated to exceed 1.1 kilo tons of demand. Increasing disposable income and focus toward healthy lifestyles will primarily drive the demand for dietary supplements.
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Europe squalene market being the major regional industry is anticipated to surpass USD 110 million by 2022. Increasing demand for natural ingredients from cosmetics industries largely based in France, Germany, and UK will boost the regional growth over the coming years. Germany dominated the personal care & cosmetics product market with France, UK, and Italy following the lead.
Asia Pacific market is also witnessing a substantial growth over the coming years. India and China are the leading countries contributing toward the major share in the APAC squalene industry.
North America squalene market, led by U.S. is projected to register a CAGR of 8.5% over the period of 2015-2022. Rising consumer focus on healthy lifestyles has generated heavy demand for dietary supplements applications in turn boosting the squalene industry share.
The squalene market is consolidated in nature. The main focus of the market players in on delivering high purity products and on overall product development particularly in pharmaceuticals and dietary applications. The notable industry participants include Arbee Fish Oil, Amyris, Kishimoto Special Liver Oil, SeaDragron Ltd, Nuelis, Sophim, etc.
Browse key content of Report, “Squalene Market Size By Source (Shark Liver, Vegetable, Synthetic), By Application (Cosmetics, Supplements, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022.”, in detail along with the table of contents:
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Source: EIN Presswire