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Increasing Demand For Skin Conditioners And Anti-Aging Cosmetic Creams Has Led To The Rapid Growth Of The Squalane Market - Fact.MR Study
Squalane is derived by hydrogenation of squalene which is obtained from shark liver oil. It is often classified as a dry emollient, and fast-spreading which offers a smooth and soft feel to the skin. Squalane has superior anti-aging and anti-inflammatory properties that enhance the skin lipid layer.Squalane boosts the hydration of the skin due to which the skin appears clear and brighter. The squalane market consists of well-diversified global and regional players with the global vendors ruling the market. Majority of the squalane demand comes from personal care and pharmaceutical industries as the product serves numerous applications within these industries. The squalene market is likely to boost ahead with a higher single-digit CAGR over the forecast period of 2019-2029.
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Squalane Market: Segmentation
Based on the type, the squalane market is segmented as:
Phyto Squalane
Synthetic Squalane
Shark Squalane
Based on the grade, the squalane market is segmented as:
Pharma grade
Food grade
Cosmetic grade
Based on application, the squalane Market is segmented as:
Personal Care and Cosmetic Industry
Skincare products
Haircare products
Fragrance and deodorants
Color Cosmetics
Bath, soaps, and detergents
Sun Care Products
Shave/After Shave Products
Nutraceutical
Others
Based on the region, the squalane market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)
Squalane Market: Market Dynamics
The key driving factor of the squalane market is its extensive usage in the personal care and cosmetics industry as it is an excellent moisturizer and leaves skin plump and soft. Increasing demand for skin conditioners and anti-aging cosmetic creams has led to the rapid growth of the squalane market.
Moreover, growing demand in the pharmaceutical industries is also elevating the growth of the squalane market since it is extensively used in ointment bases as a spreading agent. The improved lifestyle of the consumers have also added value to the overall consumption of squalene. Squalane is also used in health supplements which include alkylglycerols which are consumed to prevent infections, colds, and viruses, thereby resulting in the growth of the squalane market. Severe circumstances such as asthma, psoriasis, and arthritis may also be improved by the supplement.
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Also there are widespread options for selecting the type of melon flavour. Unlike other artificial flavours like cola, which are not expensive to manufacture. Growing health awareness among the people is the key reason why people are preferring natural flavours like melon flavour instead of flavours like cola.
The Report Covers Exhaustive Analysis On:
Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Squalane Market: Regional Outlook
The global squalane market is divided into six regions including Latin America, North America, South Asia & Oceania, Europe, East Asia, and MEA. European countries such as France and Germany are expected to have the largest market share in the squalane market during the forecast period due to the growing demand for organic personal care products. Attributed to the existence of the world’s leading personal care and cosmetic formulators such as Beiersdorf (Germany) and L’Oreal (France) operating mainly in these regions.
Countries from East Asia such as Japan and South Korea are anticipated to have moderate growth for the squalane market in the midterm forecast due to the maturity of the personal care and cosmetic industries of this region. However, emerging countries such as India, Indonesia, and Vietnam are anticipated to witness massive growth over the forecast period.
These countries are known for their fast-growing personal care industries and disposable income, which drives the global squalane market. Furthermore, a similar trend is expected for North America, which is projected to show significant growth in the squalane market by the end of 2029. The Middle East & Africa and Latin America squalane market are expected to grow in line with the global GDP.
Squalane Market: Market stakeholders
Key market stakeholders in the global squalane market are Wilshire Technologies, VESTAN, Nucelis, Parchem fine and Specialty Chemicals, Macrocare Tech, Maypro Industries, Kishimoto Special Liver Oil, Majestic Mountain Sage, Green Health, Biosynthis, Gracefruit, BOC Sciences, Sophim, Sea Dragon, Amyris, Arista Industries, Maruha Nichiro. The squalane market consists of well-diversified global and regional players with the global vendors ruling the market.
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