Global Animal Sourced Squalene Market Size By Source Type, By End-use Industries, By Geographic Scope And Forecast

Animal Sourced Squalene Market Size And Forecast

Animal Sourced Squalene Market size was valued at USD 40 Million in 2023 and is projected to reach USD 150 Million by 2030, growing at a CAGR of 12% during the forecast period 2024-2030.

Global Animal Sourced Squalene Market Drivers

The market drivers for the Animal Sourced Squalene Market can be influenced by various factors. These may include

• The cosmetics and personal care Industry frequently uses squalene derived from animals in their products because of its moisturizing and antioxidant qualities. The market may be driven by consumer desire for premium personal care products.
• Applications in MedicinesCertain medication formulations contain animal-derived squalene. The market may expand as a result of its possible health advantages and uses in medication delivery systems.
• The health and nutraceuticals sector views animal-sourced squalene as a valuable dietary supplement because of its possible health-enhancing qualities. Demand in the nutraceutical industry may be driven by growing awareness of health and wellness.
• Squalene can be utilized as a feedstock in the biofuel industry. Squalene demand in the biofuel industry may rise as a result of growing interest in renewable and sustainable energy sources.
• Turning PointNatural and sustainable ingredients are getting more and more popular as consumers become more aware of what’s in the items they buy. This is a natural trend that could be advantageous for squalene derived from animals.
• Research and DevelopmentContinual study and research into the uses of squalene, extraction techniques, and sustainable sources may spur new product development and market expansion.
• World Economic FactorsThe demand for goods containing squalene derived from animals can be influenced by factors such as consumer spending trends and income levels.
• Regulatory EnvironmentMarket dynamics may be impacted by modifications to laws governing the use of squalene in various sectors and geographical areas.

Global Animal Sourced Squalene Market Restraints

Several factors can act as restraints or challenges for the Animal Sourced Squalene Market . These may include

• Environmental and Ethical IssuesBecause animal sourcing of squalene—which is commonly obtained from shark liver oil—has an adverse effect on shark populations and marine ecosystems, ethical questions have been raised. There might be a movement in consumer preferences toward cruelty-free and sustainable products as they grow more ecologically conscientious.
• Regulations LimitationsSqualene harvesting from specific animal sources may be restricted or outright prohibited by regulations pertaining to wildlife conservation and protection, which could present difficulties for companies that depend on those sources.
• Chain of Supply VulnerabilityBecause the manufacture of squalene depends on particular animal sources, the supply chain is susceptible to outside influences like overfishing, alterations in environmental conditions that affect animal populations, or geopolitical concerns that affect the sourcing locations.
• Other ResourcesTechnological developments in biotechnology and the creation of substitute squalene sources, including plant-based or synthetic alternatives, may threaten the market for squalene derived from animals. Sustainable and cruelty-free options may be preferred by industries and consumers alike.
• Price and AvailabilitySqualene derived from animals may be more costly than substitutes, and raw material availability may be constrained, which could have an impact on the total cost structure of goods. This may affect how competitively priced squalene derived from animals is on the market.
• Customer Knowledge and PreferencesA shift in consumer preferences towards items that are more in line with sustainability and ethical practices may result from growing awareness among customers of the ethical and environmental consequences of sourcing products from animals.
• Variable DemandThe food, pharmaceutical, and cosmetic sectors’ tendencies may have an impact on the market demand for squalene. The total demand for items containing squalene derived from animals may be impacted by changes in consumer preferences and the state of the economy.

Global Animal Sourced Squalene Market Segmentation Analysis

The Global Animal Sourced Squalene Market is Segmented on the basis of Source Type, End-use Industries, and Geography.

Animal Sourced Squalene Market, By Source Type

• Shark Liver OilHistorically, squalene was primarily sourced from shark liver oil. However, due to environmental concerns and sustainability issues, there has been a shift towards alternative sources.
• Olive Oil, Amaranth Seed, and Other Plant SourcesWith the aim of sustainability, some companies have turned to plant-based sources, such as olive oil and amaranth seed, to extract squalene.

Animal Sourced Squalene Market, By End-use Industries

• Cosmetics and Personal CareSqualene is often used in cosmetics and personal care products for its moisturizing and skin-nourishing properties. It is commonly found in skincare creams, lotions, and anti-aging products.
• PharmaceuticalsSqualene has pharmaceutical applications, and it may be used as an adjuvant in vaccines or in the development of certain drugs.
• Food and Dietary SupplementsSome segments of the market involve the use of animal-sourced squalene in food products and dietary supplements, where it may be promoted for its potential health benefits.

Animal Sourced Squalene Market, By Geography

• North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
• EuropeAnalysis of the Animal Sourced Squalene Market in European countries.
• Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
• Middle East and AfricaExamining market dynamics in the Middle East and African regions.
• Latin AmericaCovering market trends and developments in countries across Latin America.

Key Players

The major players in the Animal Sourced Squalene Market are

• Empresa Figueirense De Pesca
• Arbee
• Cibus
• Otto Chemie Pvt. Ltd.
• Oleicfat s.l.
• Arista Industries
• EFP Biotek
• Seadragon Marine Oils

Report Scope

Top Trending Reports