
Report ID: SQMIR15E2521
Report ID:
SQMIR15E2521 |
Region:
Regional |
Published Date: January, 2025
Pages:
157
|
Tables:
64 |
Figures:
75
Squalene Demand in Cosmetic Industry to Provide Lucrative Revenue Generating Opportunities
Low Squalene Stockpile to Hinder Market Growth
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REQUEST FREE CUSTOMIZATIONEurope Squalene Market was valued at USD 44.33 Million in 2023 and is poised to grow from USD 49.03 Million in 2024 to USD 109.77 Million by 2032, growing at a CAGR of 10.6% during the forecast period (2025-2032).
The general volume of shipments completed in high volumes and the wide range of goods offered by many local as well as international businesses make the market highly competitive. To lower the overall cost of the product and compete in the highly competitive market, market participants often use mergers, acquisitions, and joint ventures. 'Amyris, Inc.', 'Sophim S.A.', 'Ekiz Olive Oil & Soap Inc.', 'Kishimoto Special Liver Oil Co., Ltd.', 'SeaDragon Marine Oils Limited', 'Arista Industries Inc.', 'Maruha Nichiro Corporation', 'Empresa Figueirense De Pesca Lda', 'Nucelis LLC', 'BSB International GmbH', 'Empresa De Transformacao De Produtos Agricolas Do Nordeste, S.A.', 'Enzymotec Ltd.', 'AOMI Ltd.', 'Afineur, LLC', 'Croda International Plc.', 'R S Lura Limited', 'Far East Microalgae Industries Co., Ltd.', 'Golden Health Technology Co., Ltd.', 'Nippon Suisan Kaisha, Ltd.', 'Harbin Pharm. Group Sanjing Pharmaceutical Co., Ltd.'
Due to its moisturizing and anti-aging qualities, squalene is a popular component in skincare products. The market for cosmetics using squalene is anticipated to rise as consumers learn more about its benefits.
Squalene is a popular emollient and moisturizer in the cosmetic industry. Due to growing consumer awareness of the benefits of natural and organic products, the demand for squalene in the cosmetics industry has been steadily rising.
Germany had the greatest volume share in 2021 with more than 18.0%. This is a result of the increased demand for squalene in goods including paint, varnish, leather, textiles, and cosmetics. Germany is one of Europe's largest markets for beauty products and is growing swiftly due to high domestic demand, which is likely to enhance the country's demand for squalene.
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Report ID: SQMIR15E2521