Squalene Market To Gain From Enhanced Demand In Male Grooming Products Till 2024: Grand View Research, Inc.
According to report published by Grand View Research, Inc., global squalene market will reach $271.5 million by 2024, Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period.
San Francisco, California, United States – August 31, 2016 /MarketersMedia/ —
The global squalene market is expected to reach USD 271.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.
Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.
Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period.
Access full research report: http://www.grandviewresearch.com/industry-analysis/squalene-market
Key findings
• The global squalene market demand was 2,973.0 tons in 2015 and is expected to witness growth at a CAGR of 9.2% from 2016 to 2024
• Synthetic squalene will see the highest revenue gains at a CAGR of 11.0% from 2016 to 2024 in light of rising usage in cosmetics owing to its superior moisturizing properties along with stable and consistent composition
• North America market was valued at USD 24.6 million in 2015 and will show a significant rise in light of its rising demand in dietary supplements. Increasing focus towards maintaining a healthy lifestyle is expected to augment the demand for dietary supplements, in turn, bolstering squalene industry growth. Growing demand for pharmaceuticals owing to the prevalence of key players including Pfizer, Johnson & Johnson, and Merck & Co. along with rising R&D expenditure in the U.S. and Mexico will propel market growth.
• Latin America will witness significant revenue gains at a CAGR of 10.5% from 2016 to 2024 in light of rising demand for beauty products in Brazil, Colombia, Uruguay, Ecuador, and Chile. Rising disposable incomes, changing beauty trends & standards, along with increasing investment in personal care products will drive industry expansion over the next eight years.
• Key industry participants include Amyris Biotechnologies, AASHA BIOCHEM, EmpresaFigueirense De Pesca, Lda, Maruha Nichiro Corporation, Arista Industries Inc, Sophim and Nucelis LLC. In April 2015, Amyris Biotechnologies entered into a partnership with Squalan Natural Health B.V. to manufacture NeossanceSqualane for personal care products.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Market Segments:
Global Squalene Raw Material Outlook (Volume, Tons;Revenue, USD Million, 2013 – 2024)
• Animal
• Vegetable
• Synthetic
Global Squalene Application Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)
• Food
• Pharmaceuticals
• Cosmetics
• Other
Global Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Asia Pacific
• China
• Japan
• South Korea
• Latin America
• Brazil
• MEA
Access press release of this research report: http://www.grandviewresearch.com/press-release/global-squalene-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
For more information, please visit http://www.grandviewresearch.com/industry-analysis/squalene-market
Contact Info:
Name: Sherry James
Email: sales@grandviewresearch.com
Organization: Grand View Research, Inc.
Address: 28 2nd Street, Suite 3036, San Francisco, California, 94105
Phone: 1-415-349-0058
Release ID: 130473
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