PUBLISHER: SkyQuest | PRODUCT CODE: 1321876
PUBLISHER: SkyQuest | PRODUCT CODE: 1321876
Europe Squalene Market size was valued at USD 40.08 million in 2021 and is poised to grow from USD 43.29 million in 2022 to USD 99.12 million by 2030, growing at a CAGR of 10.6% in the forecast period (2023-2030).
The European squalene market is experiencing steady growth due to the rising demand for squalene in various industries such as cosmetics, pharmaceuticals, and healthcare. Squalene, a natural compound derived from plant and animal sources, is known for its antioxidant and moisturizing properties. Increasing consumer awareness about the benefits of squalene in skincare products and the growing emphasis on organic and natural ingredients are driving market expansion. The market is expected to witness further growth in the coming years, supported by technological advancements and product innovations.
Top-down and bottom-up approaches were used to estimate and validate the size of Squalene and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Europe Squalene Market is segmented based on Source, End User and region. Based on Source the market is segmented into Animal, Plant, Synthetic. Based on End User the market is segmented into Pharmaceuticals, Personal Care & Cosmetics, Nutraceuticals, Food & Beverages, Others. Based on region the Europe Squalene Market is segmented into U.K., Germany, France, Italy, Spain, Russia and Portugal.
Driver
Squalene is highly sought after in the cosmetics industry due to its moisturizing and anti-aging properties. As consumers become more knowledgeable about its advantages, the market for skincare products containing squalene is expected to expand. Squalene offers various health benefits, such as supporting heart health and enhancing immunity, leading to an increased demand for functional foods and squalene supplements.
Restrain
However, the production of squalene primarily relies on shark liver oil, which presents ethical and ecological concerns. This limitation in the supply of squalene raises questions about its impact on shark populations. Moreover, the extraction and purification process of squalene can be costly, making it a premium ingredient in many products. Consequently, certain industries may face limitations in their market potential due to these factors.
Trend
Given the growing consumer awareness regarding the benefits of natural and organic products, squalene has gained significant popularity in the cosmetic industry as a preferred emollient and moisturizer. The demand for squalene in cosmetics has been steadily increasing as a result.