The global animal sourced squalene market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Squalene is an organic compound that is naturally present in the skin. It is present in various animals and plants, including human sebum as a biochemical intermediate. It is beneficial for anti-oxidation, anti-aging, immune system boosting, UV defense, and many others and thus has a wide variety of uses in the cosmetics, pharmaceuticals, and food industries. The growing application of animal sourced squalene in these industries is boosting the growth of the global animal sourced squalene market during the forecast period.
Squalene has a wide application in the pharmaceutical industry. It is used to treat leukemia and supports to prevent radiation illness from cancer X-ray therapy and pneumonia along with swine flu. It is also used during anti-cancer drug therapy to boost the body’s immune system and white blood cell counts. Further, the growing geriatric population along with increasing cancers cases is driving the growth of the global animal sourced squalene market during the forecast period. Additionally, the growing demand for animal sourced squalene due to its low ill effects on skin and internal organs is driving the market.
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Some major key players in the market include Amyris, Inc., and Arista Industries Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, Amyris announced the launch of Terasana Clinical, a clean skincare brand.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape- Amyris, Inc., and Arista Industries Inc., among others.
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Global Animal Sourced Squalene Market Report by Segment
By Application
• Cosmetics
• Food Supplements
• Healthcare
Global Animal Sourced Squalene Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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