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Europe squalene market to reach USD 110 million by 2022

Author : Ronak Bora | Published Date : 2019-04-04 

U.S. squalene Market is dominating the North America industry with over 600 tons consumption in 2014. The U.S. will witness significant demand for dietary supplement applications among the U.S. consumer base which will boost the industry growth.

Major European countries including Germany, France and UK will generate high demand for squalene from cosmetic industries. Increasing demand for natural ingredients for personal care and cosmetic products will fuel the business growth in Europe subject to harmful effects from fossil fuel sources.

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Rising per-capita middle class spending capacity for cosmetics products in India and China will fuel the industry growth. Asia Pacific squalene market will grow significantly at over 9.5% CAGR by 2022. Vegetable sources dominated the regional demand with over USD 11.5 million in 2014.

Global Squalene Market is expected to grow at over USD 240 million by 2022. Strong cosmetic demand mainly from European countries will drive the global squalene market. Major growth is likely to occur from primary applications including moisturizing creams and emollients. Lotions, creams and other cosmetic products requires squalene subject to anti-inflammatory and anti-oxidation characteristics. Avoidance of expensive medication and focus towards healthy lifestyle will boost the business growth.

Vegetable sources will dominate the global squalene market and is predicted to exceed over USD 130 million by 2022. Shark squalene demand was more than nine hundred tons in 2014 and will witness moderate growth subject to the limitations on deep water fishing. Shark liver oil is inexpensive and contains higher amounts as compared to vegetable oil. Implementation of EU regulations coupled with ban on direct fisheries through CCAMLR and North East Atlantic fisheries organization will restrict the shark sacking to certain extent.

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Cosmetic application has the monopoly in the squalene industry with over USD 65 million in 2014. Major growth factors lie in daily use products including bath oils, hair preparations, nail products, skin care products, sun tan preparations, with content ranging from 0.1% to 50%. Increasing consumer awareness for healthy lifestyle will boost the demand for dietary supplement application. Dietary supplement market is predicted to grow over 8.5% by 2022 exceeding the capacity of 1.1 kilotons.

Notable industry participants in LNG bunkering industry are Croda, Arista, Amyris, Neulis, Sophim, Kishimoto Special Liver Oil Co., SeaDragon, Carbomer, Aasha Biochem, Empresa Figueirense de Pesca Lda, Coastal Fisheries, Gracefruit and Arbee Fish Oil.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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