Newly-released report on the plant-based squalene market reveals that the global market experienced year-on-year (YoY) growth of 1.5% to reach US$ 82.4 million at the end of 2021. However, between 2022 and 2032, worldwide demand for plant-based squalene is expected to surge at 8.5% CAGR.
Liquid plant-based squalene sales increased 1.8% to reach US$ 47.6 million in 2021, while demand for plant-based squalene from the personal care & cosmetics industry was up 2.2% and reached US$ 48.6 million.
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Segmentation of Plant-based Squalene Industry Research
Plant-based Squalene Market by Form :
- Powder Plant-based Squalene
- Liquid Plant-based Squalene
Plant-based Squalene Market by Source :
- Olive Oil
Plant-based squalene Market by End Use :
- Personal Care & Cosmetics
- Food Supplements
Plant-based Squalene Market by Region :
- North America
- Latin America
- East Asia
- South-East Asia & Oceania
- Middle East & Africa
Amyris, Arista Industries, Caribbean Natural Products Inc., Charkit Chemical Company LLC, Clariant, EPF Biotek, Jedwards International, Lotioncrafter, Nucelis, Spohim, SynShark, The Ordinary, and Wilshire Technologies are leading manufacturers of plant-based squalene.
A boost in R&D efforts has increased the number of end-use industries where squalene find usages. For instance, research has indicated that diets fortified with squalene improve the function of the immune system. Additionally, research in labs has demonstrated that squalene improves macrophage performance.