NEW YORK, Sept. 17, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global squalene market size is estimated to grow by USD 62.9 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.79% during the forecast period. Increasing acceptance of uva/b filters in sunscreens and sun protection cosmetics is driving market growth, with a trend towards squalene derived from renewable resources. However, stringent safety regulations on uv sun care products poses a challenge. Key market players include Amyris Inc., ARISTA INDUSTRIES, BOCSCI Inc., Cibus, Croda International Plc, Evonik Industries AG, Gracefruit Ltd., KISHIMOTO SPECIAL LIVER OIL CO. LTD., KURARAY Co. Ltd., LBB Specialties LLC, MacroCare Tech Ltd., Majestic Mountain Sage Inc., Maruha Nichiro Corp., Maypro Group, Micro Capsule Technologies, New Zealand Green Health Ltd., Parchem Fine and Specialty Chemicals Inc., Seadragon, Sophim, and VESTAN.
Technavio has announced its latest market research report titled Global squalene market 2024-2028 Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Squalene Market Scope Report Coverage Details Base year 2023 Historic period 2018 – 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.79% Market growth 2024-2028 USD 62.9 million Market structure Fragmented YoY growth 2022-2023 (%) 6.24 Regional analysis Europe, APAC, North America, South America, and Middle East and Africa Performing market contribution APAC at 41% Key countries China, US, France, Germany, and Japan Key companies profiled Amyris Inc., ARISTA INDUSTRIES, BOCSCI Inc., Cibus, Croda International Plc, Evonik Industries AG, Gracefruit Ltd., KISHIMOTO SPECIAL LIVER OIL CO. LTD., KURARAY Co. Ltd., LBB Specialties LLC, MacroCare Tech Ltd., Majestic Mountain Sage Inc., Maruha Nichiro Corp., Maypro Group, Micro Capsule Technologies, New Zealand Green Health Ltd., Parchem Fine and Specialty Chemicals Inc., Seadragon, Sophim, and VESTAN
Squalene is used in various applications, including cosmetics, pharmaceuticals, and food additives. **Market Drivers:**
* **Growing demand for natural and sustainable products:** Consumers are increasingly seeking out products that are derived from renewable sources and have a lower environmental impact. This trend is driven by concerns about climate change, resource depletion, and the health effects of synthetic chemicals.
Squalene’s moisturizing properties are attributed to its unique molecular structure. It is a cyclopentane derivative, meaning it has a five-membered ring structure. This structure allows squalene to easily penetrate the skin’s barrier, effectively delivering moisture to the deeper layers.
These regulations aim to ensure the safety and efficacy of these products. The stringent regulations on squalene-containing products have led to a decline in the squalene market. Furthermore, the market faces challenges from the increasing popularity of synthetic alternatives to squalene. These synthetic alternatives offer similar functionalities but at a lower cost, making them more attractive to consumers and manufacturers.
The Squalene market in the cosmetics sector is growing due to the demand for effective emollients in lotions, hair conditioners, bath oils, lipsticks, and foundations. However, challenges exist regarding the toxicity of squalene derived from sharks and fish oil, leading to the exploration of plant-based alternatives like olive oil, rice bran, Amaranth olive, and terpene oils. Free radicals and the aging process are major concerns for skin health, making squalene an essential cleansing ingredient. In the pharmaceutical industry, squalene is used in vaccines as an adjuvant to enhance immunogenicity and reduce antigen dosage sparing. Companies like GlaxoSmithKline, Sanofi S, and CureVac N are investing in the Oncology segment using squalene in anti-aging treatments. Nutraceutical firms also use squalene from tobacco crops and synthetic sources for nutritional supplements. The MMPA regulation may impact the market, but the demand for plant-based squalene continues to grow.
This document explores the impact of Artificial Intelligence (AI) on market trends. It delves into how AI is transforming various industries, from retail to healthcare, and how it is driving innovation and efficiency. The document highlights the key benefits of AI, including improved customer experience, increased productivity, and reduced costs.
* Squalene is a natural hydrocarbon found in various sources. * Squalene is widely used in the personal care and cosmetics sector as an emollient. * Squalene’s moisturizing properties make it a valuable ingredient in skincare products. * Squalene is a key ingredient in many popular skincare products.
The global market for squalene is experiencing significant growth, driven by increasing demand for natural and sustainable products. This growth is further fueled by rising awareness of the benefits of squalene, such as its moisturizing, anti-aging, and skin-repairing properties. **Key Market Drivers:**
* **Growing demand for natural and sustainable products:** Consumers are increasingly seeking out products that are free from harsh chemicals and synthetic ingredients.
## Global Food, Pharma, and Cosmetics Industry: A Comprehensive Analysis
This report provides an in-depth analysis of the global food, pharma, and cosmetics industry. It delves into the current market size, historical trends, and key drivers and challenges impacting the industry. The report also examines the competitive landscape, including key players, their strategies, and market positioning.
Technavio is a global market research and advisory company that provides insights and analysis on emerging technologies and markets. They have a vast library of reports covering a wide range of technologies and industries. **Detailed Text:**
Technavio, a leading global market research and advisory company, has established itself as a trusted source of information on emerging technologies and markets.
