Vegetable sourced Squalene Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030.
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The Vegetable sourced Squalene Market has seen significant growth between 2018 and 2022, driven by the increasing demand for natural ingredients in cosmetics, pharmaceuticals, and personal care products. Vegetable sourced squalene, often extracted from plant-based sources such as olive oil, sugarcane, and amaranth, has gained popularity as a sustainable and environmentally friendly alternative to its shark-derived counterpart. As consumers increasingly prioritize sustainability and cruelty-free products, the demand for vegetable-sourced squalene surged, and the market expanded rapidly during this period.
In 2022, the Vegetable sourced Squalene Market was valued at over USD 60 million, with major growth attributed to the skincare industry's growing preference for natural and plant-based ingredients. The demand for anti-aging products, moisturizers, and sunscreens containing squalene rose, as squalene's moisturizing and antioxidant properties became widely recognized. Furthermore, the pharmaceutical industry's interest in squalene as an immunostimulant and its use in vaccines contributed to the market’s upward trend during this period. In addition, advancements in extraction technology, which reduced production costs and increased squalene’s accessibility, helped fuel market expansion.
Starbucks Corporation
Hain Celestial Group Inc
Honest Tea Inc
The Kroger Co.
Oregon Chai Inc
The WhiteWave Foods Company
Newman's Own Inc
SunOpta Inc
SFM
LLC.
Organic Valley
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vegetable sourced Squalene Market
Cosmetics
Pharmaceuticals
Food
Based on Types the Market is categorized into Below types that held the largest Vegetable sourced Squalene market share In 2023.
Food Grade
Medical Grade
Industry Grade
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vegetable sourced Squalene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vegetable sourced Squalene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vegetable sourced Squalene Market, By Type
6. Global Vegetable sourced Squalene Market, By Application
7. Global Vegetable sourced Squalene Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vegetable sourced Squalene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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