Demand for Plant-Based Squalene Is Expected to Surge at 8.5% CAGR by 2033

According to Fact.MR's latest released report on plant-based squalene, the global market has reached a size of US$ 89.1 million and is expected to surge ahead at a CAGR of 8.5% between 2022 and 2032.

Squalene, a chemical that gives human skin extraordinary hydration for aeons, was added to cosmetics at the expense of millions of sharks whose livers were needed for their squalene-rich content. To create a vegan, more ethical, and purer hydrator, experts have been looking for alternative ways of producing squalene and have come up with several sources, namely, sugarcane and olive oil, among others. These have been used over the past half-decade for extracting squalene.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:- https://www.factmr.com/connectus/sample?flag=S&rep_id=7546?PJ

With growing concerns about planet health, bio-diversity, and declining unique species count, people are moving towards products that are both, organically grown and sustainably sourced. This has compelled manufacturers to invest in products that are made from organically-sourced ingredients.

Being completely chemical-free and formulated with additives that help keep the skin moisturized, demand for plant-based squalene will rise in the future and the market is set to reach US$ 202.1 million by the end of 2032.

Key Takeaways from Market Study

• By form, the liquid segment is projected to provide an absolute $ opportunity of US$ 76.7 million by 2032.
• By source, the sugarcane segment accounts for 33.2% market share in 2022 and is expected to expand at a CAGR of 9.1% over the forecast period (2022-2032).
• Among the end uses, demand from the cosmetics & personal care sector is projected to surge at 9.2% CAGR to reach US$ 127.2 million by 2032.
• East Asia is predicted to hold around 25.4% of the global market share and reach a value of US$ 51.3 million by 2032

"East Asia is poised to remain the largest consumer of squalene-based cosmetics, with rising geriatric population playing a vital role in driving sales, and China leading from the front," says a Fact.MR analyst.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Amyris
• ARISTA INDUSTRIES
• Caribbean Natural Products Inc.
• Charkit Chemical Company LLC
• Clariant
• EPF Biotek
• Jedwards International, Inc.
• Lotioncrafter
• Nucelis
• Spohim
• SynShark
• The Ordinary
• Wilshire Technologies

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7546?PJ

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

• By Form :

• Powder Plant-based Squalene
• Liquid Plant-based Squalene

• By Source :

• Sugarcane
• Olive Oil
• Corn
• Amaranth
• Others

• By End Use :
• Pharmaceuticals
• Personal Care & Cosmetics
• Food Supplements

Market Development

The present strategy of market participants in the plant-based squalene market has been to expand their product lines and start manufacturing products using ingredients derived from alternative plant-based sources such as sugarcane and olive oil. Additionally, tier-1 firms have been investing in the research and development of innovative and skin-friendly products made from sustainable sourced ingredients and specifically customized to fulfill the demand from customers.

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/7546

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the plant-based squalene market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on form (powder, liquid), source (sugarcane, olive oil, corn, amaranth, others), and end use (pharmaceuticals, personal care & cosmetics, food supplements, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.prnewswire.com/news-releases/rising-adoption-of-bio-based-plastic-to-propel-oleochemicals-sales-past-us-48-61-bn-by-2032--301588694.html

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.