Europe Squalene Market

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 2025-2032


Report ID: SQMIR15E2521 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

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.

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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 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. '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.'

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 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.

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.

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Europe Squalene Market

Report ID: SQMIR15E2521

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