The increase in the use of squalene as a chemo-preventive agent is influencing the market growth.

The global  Squalene market  is expected to reach USD 308.9 Million by 2028, according to a new report by Reports and Data. This can be contributed by increase in the use of squalene as a chemo-preventive agent.

Growing demand for anti-aging cosmetic creams, as well as the growing demand for squalene in the pharmaceutical industry, is fueling the growth of the market. Rapid urbanization and increasing disposable income in the emerging economies are resulting in the penetration of health supplements and cosmetics. Ingredients in squalene oil are known to enhance the immune system response of an individual. The supplement includes alkylglycerols, which are consumed against cold, viruses, and infections. Many conditions, such as arthritis, asthma, and psoriasis, may also be alleviated by the supplement. Additionally, the macrophages in its oil are promoted for their ability to help wounds heal faster.

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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.

Key companies operating in the market and profiled in the report include:

Amyris, Sophim, Kishimoto Special Liver Oil, SeaDragon Marine Oil, Nucelis LLC, Ekiz Olive Oil and Soap Inc., Maruha Nichiro Corp., LDA, Empresa Figueirrense de Pesca, and VESTAN, among others.

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The Squalene market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.

Segments Covered in the report

Source Outlook (Volume, Kilo tons; 2020-2028 and Revenue, USD Million; 2020-2028)

• Animal-based
• Plant-based
• Synthetic biotechnology

Formulation Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Million; 2020-2028)

• Tablets or capsules
• Liquid (oil/lotion)
• Powder
• Softgels

Applications Outlook (Volume, Kilo tons; 2020-2028 And Revenue, USD Million; 2020-2028)

• Cosmetics
• Food supplements
• Healthcare Pharmaceuticals

Key Regions Analyzed in the Report includes:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

Furthermore, it consists of information about individual segment of the Squalene market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values ​​for each segment to provide clear understanding of demand and trend in the global market.

Further key findings from the report suggest

• The market is segmented on the basis of source into animal-based, plant-based, and synthetic biotechnology.
• The plant-based segment of the market accounts for the largest market share of ~56% in the year 2020. It is generally derived from olive oil, amaranth oil, wheat germ, and rice bran oil. The easy availability in various regions including North America, Europe, and the Asia Pacific, will fuel the growth of the market in the segment.
• The market is segmented on the basis of the formulation into tablets/capsules, liquid, powder, and softgels.
• The softgels segment accounts for the largest market share of 30% in the year 2020, due to its demand from the food supplements sector. These supplements are highly consumed since the elements in the enhance the immune system response of an individual.
• The market is segmented on the basis of applications into cosmetics, food supplements, and healthcare pharmaceuticals.
• Food supplements segment is forecasted to witness over 12.0% CAGR during the forecast year. Increasing disposable incomes, coupled with awareness regarding healthy lifestyle will boost the demand for food supplement application.
• The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America, and MEA.
• The Asia Pacific is forecasted to witness the highest growth rate of 10.2% during the forecast period, owing to booming cosmetics industry in the emerging countries, such as India and China.
• Increasing for dietary supplements due to the rising disposable income, changing lifestyle and growing health awareness will also be a contributing factor for the market in APAC.

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