Squalene market size is set to be worth USD 241.9 million by 2022, with major revenue generation expected from personal care & cosmetic applications in anti-ageing and moisturizing creams.

Sellbyville, DE -- (SBWire) -- 04/26/2019 --As per a recent industry report put forward by Global Market Insights Inc., Squalene Market is forecast to register its name in the million-dollar fraternity down the line of seven years, by exceeding a revenue of USD 240 million by 2022 with a projected CAGR of 9% over 2016-2022.

Increasing preferences toward beauty & personal care have impacted the growth of the cosmetics sector, which will subsequently fuel Squalene Market size. This sector is predicted to witness rapid growth prospects across developed regions such as France, Germany, UK, and Italy, which will drive Europe market expansion. Germany led Europe personal care & cosmetics sector in 2014 by contributing a revenue of more than USD 14 billion, while Italy, France, and UK sectors were assessed at USD 10.6 billion, USD 12 billion, and USD 11.8 billion respectively during the same year. Escalating product demand for lotions, ointments, emollients, and creams, owing to its anti-oxidative and anti-inflammatory features are anticipated to create new growth avenues for squalene market.

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Apart from its wide applications across cosmetics sector, squalene is also popularly used in pharmaceuticals and dietary supplements. In terms of revenue, squalene market size from cosmetics was worth USD 65 million in 2014. Cosmetics applications, which contributed to nearly 66% of squalene market share in 2014, are expected to experience a noteworthy expansion over the years to come. The growth can be credited to escalated product use in nail items, bath oils, body powders, and moisturizers.

Squalene industry size in the dietary supplements sector is forecast to expand at the rate of 8.5% over the period of 2015-2022. The expansion can be attributed to the growing health consciousness among the consumers coupled with their requirement for cost-effective medical treatment.

Global squalene market size is projected to grow at 9.1% CAGR and reach 5.37 kilo tons by 2022.
Cosmetic application dominated the demand and accounted for close to 66% of the share in 2014. Pharmaceutical applications may grow significantly with 9.0% CAGR from 2014 to 2022.

Synthetic squalene market size is set to attain above average CAGR and register over 850 tons by 2022.

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Europe market, led by Germany, UK and France cosmetic industry growth, was dominant and was valued at over USD 45 million in 2014. Supplements application in Europe was valued close to 9 million in 2014.

APAC squalene market size, promoted by rise in per-capita middle class spending capacity for cosmetic products in China and India, may grow significantly at 9.5% CAGR from 2014 to 2022. Vegetable sources dominated the demand in APAC and registered close to USD 11.5 million in 2014.

North America dietary supplement application is predicted to grow over at 8.5% CAGR and register close to 305 tons by 2022. Increasing focus towards marinating a healthy lifestyle coupled and avoiding expensive medication is likely to drive product demand for dietary supplements applications.

Global squalene market share is characterized by major players focused on technology innovation to obtain high purity product for supplements and pharmaceutical applications.

Amyris, Arbee Fish Oil, SeaDragron Ltd and Kishimoto Special Liver Oil are among notable industry participants.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.