DOVER, Delaware, April 27, 2016 /PRNewswire/ --
Squalene market size was estimated at 2.67 kilo tons in 2014, as per the latest research report by Global Market Insights, Inc. Strong cosmetic industry growth expectations, majorly in Germany, Italy UK and France, will be key industry drivers, as emollient applications in creams, lotions, ointments and lipsticks are predominant uses.
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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.
Vegetable squalene market size, derived from olive oil, wheat germ, amaranth oil and rice bran oil, dominated the industry demand and accounted for over 49% of share in 2014. These vegetable sources have suffered tight supply situation over the recent years due to low crop output and growing demand in competing applications.
Another source, shark liver oil derived from Portuguese shark and gulper shark may experience below average gains throughout the forecast period. This may happen due to deep sea fishing limitations set through regional fisheries management organizations (RFMOs) such as NEAFC, NAFO and CCAMLR.
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Leading personal care & cosmetic companies, L'Oreal and Unilever had earlier announced to stop using shark derived oils as ingredients and switch to plant derived oils.
Amyris, Inc. has developed farnesene via metabolic route of yeast, an important building block to manufacture numerous chemicals. Squalane manufactured by Amyris accounts for more than 10% of the total market supply through distributors in various regions.
Browse Squalene Market Size By Source (Shark Liver, Vegetable, Synthetic), By Application (Cosmetics, Supplements, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 - 2022 report at: https://www.gminsights.com/industry-analysis/squalene-market
Key insights from the report include:
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Global Market Insights has segmented the squalene industry on the basis of source, application and region:
Squalene Market Source Analysis (Volume, Tons and Revenue, USD Million, 2012 - 2022)
Squalene Market application Analysis (Volume, Tons and Revenue, USD Million, 2012 - 2022)
Squalene Market Regional Analysis (Volume, Tons and Revenue, USD Million, 2012 - 2022))
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