USD 40.08 million
Europe Squalene Market Size, Share, Growth Analysis, By Source(Animal, Plant and Synthetic), By End User(Pharmaceuticals, Personal Care & Cosmetics, Nutraceuticals, Food & Beverages), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR15E2521 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Europe Squalene Market Insights
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 increased demand for squalene in pharmaceutical applications as an adjuvant for immunological enhancement is one of the primary factors driving consumption. Squalene's capacity to function as an antioxidant and anti-cancer agent is additionally anticipated to lead to a rise in its use in nutraceuticals and food supplements, which will result in higher demand for the substance.
Squalene can be made from both organic and synthetic sources, including plant and animal oils and also chemically synthesized feedstock. Genetically modified yeast cells are used to make artificial squalene. Nonetheless, it is thought to produce the greatest amounts of high-quality squalene when extracted from the liver of deep-sea sharks. The industry changed its focus to obtaining it through plant oils like those from amaranth, olive, rice bran, and others. Olive oil is produced mainly, used, and exported by the European Union, accounting for over 65% of global exports.
The overfishing of sharks is causing growing worries about the extinction of several shark species. As a result, market participants are increasingly paying more attention to squalene derived from synthetic and botanical sources. The largest importers of olive oil from the European Union are Brazil, the United States, and Japan. Spain, which accounts for more than 40% of global production, produces the majority of the olive oil consumed in the world, mainly in Andalusia. Italy provides 20% of the remaining 20%, trailed by Tunisia (18%) and Greece (12%). Since Europe is the world's top producer of olive oil, it is anticipated that the market will grow significantly over the period of forecast.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Animal
Fastest Growth
Animal
Growth Rate
10.6% CAGR
Europe Squalene Market 2022-2030 ($ Bn)
Country Share for Western Europe Region- 2022 (%)
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Europe Squalene Market Segmental Analysis
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.
Analysis by Source
Plant sources contributed for about 80% of all revenue, and it is expected that they will retain the top position. The market for plant-based squalene is being driven by changes in the local regulatory structure. Regulations favoring the use of plant-based squalene over animal-based squalene, coupled with related R&D initiatives, are projected to alter the industrial trend towards plant-based squalene in the near future.
The volume of synthetic squalene is anticipated to increase at a CAGR of 7.8% during the projection period. In addition to squalene derived from plants, its synthetic analogues derived from genetically altered yeast cells have grown in popularity because they work well as adjuvants in vaccines. Nothing about that was recorded. Anything about that was recorded. None relating to that was documented. Several more cosmetic products are made by prominent cosmetic companies like L’Oréal and Unilever using squalene sourced from plants or synthetic sources. Synthetic squalene may now be manufactured utilizing biotechnological advancements; however, the yields are insufficient to meet global demand.
Analysis by End User
The personal care and cosmetics market held a revenue share of almost 70.0% in 2021. The growing demand for high-quality cosmetic products and the benefits of squalene are what are driving the market's requirement for a variety of formulations. Squalene has become a critical element in skincare products in the personal care and cosmetics industries due to its many benefits, including its translucence, lack of toxicity, moisturizing properties, lack of odor, and sensory aspects. Skincare, sun protection, hair care, and other uses for squalene in cosmetics are just a few.
The pharmaceuticals category is predicted to rise at the quickest revenue-based CAGR of 10.8% over the course of the projection period as a result of the growing use of squalene in over-the-counter medications and a number of dietary supplements. Squalene demand in the pharmaceutical industry is anticipated to rise in response to the rising rates of cardiovascular disease and cancer. Many immunizations, pills, and ointments are all made more effective with the help of squalene.
Nutraceuticals—natural foods, extracts, or other additives essential to preserving health. According to toxicological studies, squalene is more pleasant and absorbed more quickly when taken orally than cholesterol. Based on the phenolic content and antioxidant properties of diverse plant extracts, squalene has helped alleviate a variety of serious medical conditions, including cancer, cardiovascular disease, and others.
Europe Squalene Market By Source 2022 (%)
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Europe Squalene Market Regional Insights
Germany had the greatest volume share in 2021 with more than 18.0%. This is a result of the increased demand for squalene in goods including paint, varnish, leather, textiles, and cosmetics. Germany is one of Europe's largest markets for beauty products and is growing swiftly due to high domestic demand, which is likely to enhance the country's demand for squalene.
A prospective European market for the export of natural substances is Germany. The largest consumer market and major cosmetics production facilities are both situated in this country. Germany, the region's top producer of natural cosmetics, is expected to meet the region's increasing demand for cosmetics. Also, major cosmetic producers in this region, like L'Oréal, shifted from using animal-derived products to squalene produced from plants.
Portugal is expected to grow in volume at the highest CAGR of 8.6% throughout the forecast period due to its growing food and beverage sector. Rice bran, date palm, fungi, and amaranth seeds are just a few of the foods that naturally contain squalene. Squalene may improve immunity and lower the risk of developing some cancers, according to many studies that have been carried out. As well, the need to maintain a healthy lifestyle and the growing awareness of squalene's benefits are projected to increase squalene demand in the country over the forecast period.
Europe Squalene Market By Geography, 2022-2030
- Largest
- Fastest
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Europe Squalene Market Dynamics
Drivers
Squalene Demand in Cosmetic Industry to Provide Lucrative Revenue Generating Opportunities
- Due to its moisturizing and anti-aging qualities, squalene is a popular component in skincare products. The market for cosmetics using squalene is anticipated to rise as consumers learn more about its benefits.
- Squalene has been found to support heart health and boost immunity, among other health benefits. As a result, there is now more demand for functional foods and squalene supplements.
- The well-established and controlled European squalene market maintains high standards for quality and safety. This increases consumer and industry trust and promotes market expansion.
Restraints
Low Squalene Stockpile to Hinder Market Growth
- Squalene is mainly produced from shark liver oil, which raises moral and ecological problems. This restricts the supply of squalene and raises questions about the effect on shark populations.
- Squalene is a premium ingredient in many products because the extraction and purification process can be costly. Its market potential may well be limited as a consequence in some industries.
- In some applications, such as food supplements and vaccines, squalene is subject to tight rules. This could reduce the market potential for items containing squalene and raise the cost of compliance.
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Europe Squalene Market Competitive Landscape
The general volume of shipments completed in high volumes and the wide range of goods offered by many local as well as international businesses make the market highly competitive. To lower the overall cost of the product and compete in the highly competitive market, market participants often use mergers, acquisitions, and joint ventures.
To ensure a steady supply of raw materials, many market players form an alliance with distributors and raw material suppliers. For instance, 10 markets in Europe and Asia Pacific will receive a variety of natural ingredients for personal care applications thanks to an exclusive partnership reached by DKSH and Efpbiotek.
Top Player’s Company Profiles
- Amyris, Inc.
- Sophim S.A.
- Ekiz Olive Oil & Soap Inc.
- Kishimoto Special Liver Oil Co., Ltd.
- SeaDragon Marine Oils Limited
- Arista Industries Inc.
- Maruha Nichiro Corporation
- Empresa Figueirense De Pesca Lda
- Nucelis LLC
- BSB International GmbH
- Empresa De Transformacao De Produtos Agricolas Do Nordeste, S.A.
- Enzymotec Ltd.
- AOMI Ltd.
- Afineur, LLC
- Croda International Plc.
- R S Lura Limited
- Far East Microalgae Industries Co., Ltd.
- Golden Health Technology Co., Ltd.
- Nippon Suisan Kaisha, Ltd.
- Harbin Pharm. Group Sanjing Pharmaceutical Co., Ltd.
Recent Developments
- In October 2020, Amyris announced the delivery of samples of non-shark-based squalene to pharmaceutical companies engaged in the production of adjuvants for vaccines, including influenza and COVID-19 vaccines, in order to obtain a commercial license so the company can start the production of its alternative squalene. The fourth quarter is when the company anticipates commercializing and producing this squalene, which is anticipated to improve its squalene business.
Europe Squalene Key Market Trends
- Squalene is a popular emollient and moisturizer in the cosmetic industry. Due to growing consumer awareness of the benefits of natural and organic products, the demand for squalene in the cosmetics industry has been steadily rising.
- Pharmaceutical companies also use squalene to make vaccines, adjuvants, and drug delivery systems. The necessity for novel drug delivery mechanisms and the rising prevalence of diseases has both increased the need for squalene in the pharmaceutical industry.
- Customers are searching for plant-based alternatives to products generated from animals as they become more aware of how their decisions affect the environment. Squalene derived from plants, such as that found in rice bran, wheat germ, and olives, is now more in demand as a result of this.
- Squalene is employed in the food industry as an antioxidant and dietary supplement. With growing understanding of squalene's health advantages, including its capacity to lower cholesterol, the demand for squalene in the food industry has been increasing.
- To meet changing consumer expectations, major companies in the European squalene market are concentrating on product innovation and development. To create new products with increased functionality and advantages, such as higher absorption, stability, and bioavailability, they are investing in research and development.
Europe Squalene Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Europe Squalene market is the increased demand for squalene in pharmaceutical applications as an adjuvant for immunological enhancement is one of the primary factors driving consumption. Squalene's capacity to function as an antioxidant and anti-cancer agent is additionally anticipated to lead to a rise in its use in nutraceuticals and food supplements, which will result in higher demand for the substance. The overfishing of sharks is causing growing worries about the extinction of several shark species. As a result, market participants are increasingly paying more attention to squalene derived from synthetic and botanical sources. The largest importers of olive oil from the European Union are Brazil, the United States, and Japan. Spain, which accounts for more than 40% of global production, produces the majority of the olive oil consumed in the world, mainly in Andalusia. Italy provides 20% of the remaining 20%, trailed by Tunisia (18%) and Greece (12%). Since Europe is the world's top producer of olive oil, it is anticipated that the market will grow significantly over the period of forecast. Pharmaceutical companies also use squalene to make vaccines, adjuvants, and drug delivery systems. The necessity for novel drug delivery mechanisms and the rising prevalence of diseases has both increased the need for squalene in the pharmaceutical industry.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 40.08 million |
| Market size value in 2030 | USD 99.12 million |
| Growth Rate | 10.6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Squalene Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Squalene Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Squalene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Squalene Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Squalene Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Squalene Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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