LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global squalene market is expected to grow at a CAGR of over 10% during the predicted period.
This research report titled ‘Global Squalene Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global squalene market will grow at a significant pace during the forecast period. This is mainly due to its high demand from the cosmetics segment. However, the growth prospects of the squalene market differ from region to region. The major market for squalene is Europe due to its developed end-user segments such as cosmetics, food supplements.
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Technavio’s analysts categorize the global squalene market into three major segments by end users. They are:
- Cosmetics and personal care products
- Food supplements
- Pharmaceuticals
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Global squalene market for cosmetics and personal care products
The cosmetics and personal care products segment is the major end-user of the global squalene market. In cosmetics and personal care industry, it is used to manufacture hair products, bath oils, makeup foundations, lipsticks, eye makeup, moisturizing creams, suntan and sunscreen products, nail products, cleansing creams, body powders, and skin care products.
According to Kshama Upadhyay, a lead specialty chemicals research analyst from Technavio, “As squalene possess a humectant property of retaining water capacity of the skin, it is used in various products such as lotions, dry skin healing cream, and lipsticks. This has resulted in protecting skin through preventing moisture loss. Moreover, this ingredient is believed to have antibacterial properties. It softens the skin and also fights aging by protecting the skin against UV rays.”
Global squalene market for food supplements
In the food supplements industry, squalene is used as a dietary product to build the immune system. Also, the intake of squalene in food improves the digestive system, promotes weight loss, and prevents from vertigo discomfort, eyesight health, improving concentration, normalizing cholesterol levels, and recovery from hangovers.
“Various sources of squalene in food products include rice bran oil, shark liver oil, olive oil, olives, wheat germ, and amaranth seeds. Among these products, amaranth seeds contain 10 times more squalene than the traditionally used shark liver oil. In the Mediterranean, olives and olive oil are highly used in their diet due to its numerous health benefits,” says Kshama.
Global squalene market for pharmaceuticals
In the pharmaceutical industry, it is used in various treatments such as heart diseases, leukemia, and cancer treatment. It also offers protection from radiation illness during X-ray therapy and acts as a detoxifier of xenobiotics. It has sustainable properties such as antibiotic, anticoagulant, antihistamine, antiphlogistine, anticarcinogen, and antiallergic.
With these properties, it provides numerous benefits such as balancing hormone levels, improving the action of the pharmaceutical drug, improving blood circulation, and controlling chronic illnesses like diabetes, asthma, arthritis, and rheumatism. It also controls hyperactivity, attention deficit hyperactivity disorder (ADHD), and dyslexia.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Amyris
- ARISTA INDUSTRIES
- Maruha Nichiro
- SeaDragon
- Sophim
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