Global Squalene Market 2017-2021
Squalene is a natural 30-carbon triterpene. It is an oily liquid hydrocarbon found in plants and animals. In animals, it is largely found in shark liver oil as it contributes. Animal based squalene are restricted due to increasing regulations on deep-sea fishing in Europe and North America. Currently, it is derived from renewable plant sources such as rice bran oil, olive oil, wheat germ, amaranth oil. Squalene is widely used for its health benefits. It helps in blood cell rejuvenation and immune system simulation.
Technavio’s analysts forecast the global squalene market to grow at a CAGR of 10.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global squalene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Squalene Market 2017-2021
Technavio recognizes the following companies as the key players in the global squalene market: Amyris, ARISTA INDUSTRIES, Maruha Nichiro, SeaDragon, and Sophim.
Other Prominent Vendors in the market are: BOC Sciences, Biosynthis, Gracefruit, Green Health, KISHIMOTO SPECIAL LIVER OIL, Majestic Mountain Sage, MACROCARE TECH, MAYPRO INDUSTRIES, Nucelis, Parchem fine & specialty chemicals, VESTAN, and Wilshire Technologies.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is squalene derived from renewable resources. In recent years, squalene is derived from various renewable sources such as vegetables. Squalene can be derived from several vegetable sources such as amaranth oil, olive oil, wheat germ oil, and rice bran oil. Among these, olive oil contains high amounts of squalene.”
According to the report, one driver in the market is rising prevalence of chronic diseases. Another driver for the market growth is the increase in the number of people with chronic diseases such as cancer, cardiovascular and chronic lung disease, and diabetes. Demand for devices and therapies that help in the treatment of these conditions, as well as devices that help in the earlier diagnosis of these diseases, will continue to rise. Technological innovation in the use of squalene has resulted in effective drug delivery. As effective drug delivery is one of the most compelling and significant areas of healthcare, it is expected to drive the market during the forecast period.
Further, the report states that one challenge in the market is stringent safety regulations on UV sun care products. One of the major challenges faced by vendors in the market is the increase in regulations imposed on the product manufacturing, packaging, and distribution processes. Sun care products are sensitive to human skin, and it is important to follow these regulations to ensure the quality of the products. For instance, the new guidelines brought in by the US Food and Drug Administration (FDA) imposed many new regulations on the market such as broad spectrum protection, which is required to be mentioned on the labels of sun care products.
Amyris, ARISTA INDUSTRIES, Maruha Nichiro, SeaDragon, and Sophim, BOC Sciences, Biosynthis, Gracefruit, Green Health, KISHIMOTO SPECIAL LIVER OIL, Majestic Mountain Sage, MACROCARE TECH, MAYPRO INDUSTRIES, Nucelis, Parchem fine & specialty chemicals, VESTAN, and Wilshire Technologies.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook