The global shark liver oils market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The major factor that is expected to boost the market growth includes the rising awareness regarding traditional uses and benefits of this oil. The shark liver oil is rich in squalene and nowadays the demand for squalene is increasing as it is used in cosmetics, health food, and machine oils. Squalene is also used as a bactericide, in the manufacture of pharmaceuticals, chemicals, organic coloring matter, aromatics, rubber, in natural and artificial silk and surface active agents.
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Recently, shark liver oil is extensively used as an additive in pharmaceutical preparations, cosmetics, and health foods, which in turn, fuels the demand for shark liver oil. Shark liver oil traditionally has been used for centuries to enhance the human immune system. It is used to boost the immune system which assists in healthy aging. Shark liver oil is also used to support immunity at the time of pregnancy, improve vascular health and lower muscle wasting. Owing to all these benefits and usage of shark liver oil, its application has been increased significantly, which in turn, is driving the global shark liver oils market.
Shark Liver Oil is derived from the livers of the deep water sharks and shows some properties in fighting cancer and strengthening the immune system. The oil is obtained from the several different species of shark which includes the deep sea shark (Centrophorus squamosus), the dogfish shark (Squalus acanthias), and the basking shark (Cetorhinus maximus). It also supports treat cancer, skin conditions, respiratory diseases, radiation sickness and others. It contains squalene, vitamins, cholesterol, fatty acids and others. Due to the high concentration of squalene in the oil, it is was earlier extracted by the Scandinavian fishermen to treat different diseases and ailments. Shark liver oil has visible inhibitory actions in the human urinary bladder cancer cells, human kidney cancer, as well as sarcoma.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape: Arbee Biomarine Extracts Pvt Ltd., Bawa Fishmeal & Oil Co., and EGAO Co. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Shark Liver Oils Market Report by Segment
By Type
- Deep Sea Shark
- Dog Fish
- Basking Shark
- Others
By Application
- Food Industry
- Textile
- Pharmaceuticals
- Fuel
- Cosmetic
- Personal Care
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