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 2024-2031

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

Europe Squalene Market News

  • 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.
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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

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