Squalene Market Predicted Growth to 2 Million by 2028

Posted by Jack Martin on October 26th, 2023

In terms of value, the squalene market is estimated to grow from USD 141 million in 2022 to USD 202 million by 2028, at a CAGR of 6.34%. Squalene is a natural organic compound that is a type of hydrocarbon and is found in various sources, including shark liver oil, plant oils, and others. According to certain studies, squalene have potential health advantages. Due to its purported antioxidant and anti-inflammatory characteristics, it is occasionally marketed as a dietary supplement.

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The key players profiled in the report include Amyris, Inc (US), SOPHIM (France), Merck KGaA (Germany), Kishimoto Special Liver Oil Co., Ltd. (Japan), Empresa Figueirense De Pesca (Portugal), Arbee (India), Cibus (US), Otto Chemie Pvt. Ltd. (India), Arista Industries (US), and Oleicfat s.l. (Spain). The squalene market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.

Merck KGaA operates in a wide range of sectors and offers various products in pharmaceutical and biological prescription drugs to treat cancer, multiple sclerosis (MS), infertility, and growth disorders; cardiovascular and metabolic diseases tools; research-grade chemicals; and equipment for academic labs, biotech, and biopharmaceutical sectors. The company's business can be divided into three main divisions: Healthcare, Life Science, and Electronics. Merck KGaA has a global presence in Europe, North America, Latin America, Africa and Middle East.

Amyris, Inc. is a biotechnology company based in Emeryville, California, United States. The company specializes in synthetic biology and produces a wide range of sustainable and renewable products, primarily using microorganisms and genetic engineering. Amyris Inc operates through three business segments namely; renewable products, licenses and royalties, and collaborations, grants and other. It offers squalene through the renewable products segment. The products of the Amyris Inc., reach more than 300 million consumers in South America, North America, Europe, and Asia Pacific.

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During the projected period, Europe is expected to lead the global squalene market in terms of value. The region's prominence is due to increased demand for natural and sustainable products in a variety of industries, including cosmetics, pharmaceuticals, and nutritional supplements. The growing awareness of squalene's health advantages, along with a tight regulatory framework that favors natural products, is projected to boost market expansion in Europe. Furthermore, the region's strong emphasis on R&D, combined with the existence of significant market competitors, is projected to contribute to Europe's dominance in the squalene market.

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Jack Martin

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Jack Martin
Joined: August 7th, 2017
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