Squalene Market - Industry Trends and Forecasts, 2016 to 2024 | Hexa ResearchA Chapter by Markets InsightsSqualene market is expected to grow at CAGR of 10.3% over the forecasted period from 2016 to 2024 due to its increasing demand in the pharmaceutical and the cosmetics industry.The global squalene market was valued at USD
112 million in 2015. It is expected to grow at a CAGR of around 10.3% and reach
USD 271 million over the forecast period (2016 to 2024). Squalene is used in a
wide range of cosmetic and pharmaceutical products. It is known for its health
and nutritional benefits like blood cell rejuvenation, and anti-carcinogen. The
product reduces cholesterol and carcinogen levels, prevalence of cardiovascular
diseases and cancer are anticipated to propel market growth till 2024. Browse
Details of Report@ https://www.hexaresearch.com/research-report/squalene-market Health controversies and
strict government regulations on shark poaching are expected to curtail growth.
However, advancements in the development of vegetable and synthetic sources and
extraction methods can positively impact market growth. The market is split
into raw materials, applications, and geographies. Raw materials include
animal, vegetable, and synthetic. Vegetable oil is naturally available organic
compound found in amaranth oil, rice bran oil, olive oil, wheat germ. This
segment accounted for around 46% of the overall volume share in 2015. Animal-based squalene is
extracted from shark liver. This segment was valued at over USD 46 million in
2015. Stringent rules against deep-sea shark fishing in North American and
European waters can exhibit a sluggish segment growth. Applications comprise
cosmetics, food, pharmaceuticals, and others. Cosmetics held over 64% of the
overall revenue in 2015. Anti-aging and rejuvenating creams contributed to the
growth of this segment. The oil is used in
personal care and cosmetic products like bath oils, hair conditioners, lotions,
creams, lipsticks, and sunscreens this is likely to drive the market growth in
the coming years. Pharmaceuticals accounted for 7.7% of the global volume in
2015. Regions include North
America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
(MEA). Europe was held the largest market of over 36.5% of the global volume in
2015. It is expected to witness a significant growth owing to the plant-derived
ingredients products. Asia Pacific is expected
to grow the fastest at around 10% CAGR till 2024. Growth can be attributed to
the rising cosmetic and dietary supplement sectors. Key global players of the
squalene market are Amyris Biotechnologies, Squalan Natural Health B.V.,
Gracefruit Limited, Maruha Nichiro Corporation. Amyris Biotechnologies
partnered with Squalan Natural Health B.V. to create a new personal care
product called NeossanceSqualane. Browse Related Category Market
Reports @ https://www.hexaresearch.com/research-category/food-additives-and-nutricosmetics-industry About
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Added on December 8, 2016 Last Updated on December 8, 2016 Tags: squalene market, squalene market share, squalene market size, squalene market analysis, squalene market trends, squalene market growth AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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