Plant-based Squalene Market is Poised to Grow at a CAGR of 8.5% by 2032

A recent analysis of the plant-based squalene market indicates a 1.5% year-on-year (YoY) growth in 2021, resulting in a global market valuation of $82.4 million. Anticipated significant expansion is forecasted from 2022 to 2032, with a projected impressive compound annual growth rate (CAGR) of 8.5% for the global demand of plant-based squalene.

In 2021, liquid plant-based squalene sales witnessed a 1.8% increase, reaching $47.6 million. The personal care and cosmetics sector exhibited even stronger demand, experiencing a 2.2% rise and achieving a market value of $48.6 million.

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In recent years, the beauty and pharmaceutical industries have been undergoing a transformative shift towards sustainability, driven by growing consumer awareness and environmental concerns. A noteworthy development in this regard is the increasing embrace of plant-based squalene as a sustainable alternative. This natural compound, traditionally sourced from shark liver oil, is now gaining traction as a cruelty-free and eco-friendly option, prompting both the cosmetic and pharmaceutical sectors to reevaluate their ingredient choices.

The Rise of Plant-Based Squalene:

Historically, squalene, a natural hydrocarbon, has been extracted from shark liver oil for its moisturizing and antioxidant properties. However, with concerns about overfishing and its impact on marine ecosystems, the industry has been seeking greener alternatives. Plant-based squalene, derived from olives, sugarcane, and amaranth seeds, has emerged as a viable and sustainable substitute.

Environmental and Ethical Considerations:

The cosmetic and pharmaceutical sectors are increasingly recognizing the importance of adopting sustainable practices. Plant-based squalene aligns with these values, offering a cruelty-free option that avoids the environmental implications associated with traditional shark liver oil extraction. This shift is not only driven by ethical considerations but also by consumer preferences for products that are environmentally responsible and contribute to biodiversity conservation.

Cosmetic Industry Embrace:

Cosmetic manufacturers are at the forefront of this movement, incorporating plant-based squalene into a variety of skincare and beauty products. The natural moisturizing properties of squalene make it a sought-after ingredient for serums, creams, and lotions. Its ability to improve skin hydration without clogging pores has made it particularly popular among consumers seeking effective yet sustainable beauty solutions.

Pharmaceutical Applications:

In the pharmaceutical sector, plant-based squalene is finding applications beyond skincare. Researchers are exploring its potential in drug delivery systems, particularly for medications that require enhanced solubility. The biocompatibility of plant-derived squalene makes it an attractive option for pharmaceutical formulations, aligning with the industry's commitment to sustainable and ethical sourcing.

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Segmentation of Plant-based Squalene Industry Research

By Form :
Powder
Liquid

By Source :
Sugarcane
Olive Oil
Corn
Amaranth
Others

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

By Region :
North America
Latin America
Europe
East Asia
South-East Asia & Oceania
Middle East & Africa

The adoption of plant-based squalene by the cosmetic and pharmaceutical sectors represents a positive step towards sustainability and ethical sourcing. As industry leaders continue to prioritize environmentally friendly practices, plant-derived ingredients like squalene are likely to become staples in formulations, contributing to a more sustainable and compassionate future for both beauty and healthcare products.

𝐓𝐨𝐩 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

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