Asia Pacific Animal Sourced Squalene Market

The size of the Asia Pacific Animal Sourced Squalene Market is projected to grow at a healthy rate from 2022 to 2027.

Rising cosmetics and pharmaceutical sales primarily drive the APAC market for squalene. The traditional source of squalene has been shark liver oil, which has resulted in the widespread slaughter of these species. The expansion of this market has been stifled by government laws, NGO initiatives, and increased consumer concern about the environment. The increased frequency of cancer and cardiovascular disorders has come from the growing senior population. Squalene helps lower carcinogen and cholesterol levels, which is expected to drive up demand for it in medicinal applications. Additionally, expanding uses of squalene as immune system support is expected to create lucrative market growth opportunities.

The worldwide cosmetics business is being driven by the developing cosmetics sector in emerging economies such as Brazil, China, and India and increased consumer knowledge of the benefits of high-quality cosmetics and willingness to pay premium prices. The pharmaceutical industry's growth will be a significant driver of squalene demand in the future. In the future years, the market for squalene is likely to be driven by increased R&D in the oncology segment and increased spending on oncology medicine. Additionally, increased awareness of squalene's positive characteristics, such as anti-oxidation, anti-aging, immune system strengthening, and UV protection, is propelling the market forward.

Supply is variable, and prices are unstable due to uncertainty regarding shark liver oil originating from sharks and low concentrations of squalene in vegetable oils. In addition, the availability of squalene has been seriously impacted due to many new shark fishing restrictions. Because many of these animals are on the edge of extinction, the market is governed by strict laws governing deep-sea fishing, particularly poaching. Squalene generated from shark liver has been restricted due to these conservation measures.

This research report on the APAC animal-sourced squalene market has been segmented and sub-segmented into the following categories.

By Application:

• Cosmetics
  • Skin Care
  • Hair Care
  • Fragrance
• Food Supplements
• Healthcare
  • Cancer Treatment
  • Heart Disease
  • Skin Health

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Squalene acquired from an animal source has a higher purity than squalene obtained from a vegetable source. As a result, animal-sourced squalene is in higher demand than vegetable-sourced squalene. The Asia-Pacific region is expected to be the fastest-growing market for the personal care and food industries. Squalene's immune-boosting, anti-aging, anti-oxidant, and UV-protective qualities are expected to drive market expansion. The rapid development of the food processing industry in China, India, and the ASEAN countries is likely to boost squalene demand. France was the region's top contributor, followed by Germany, the United Kingdom, Italy, and Spain. The region's squalene market will be driven by consumers' high purchasing power and rising demand for luxury products during the projected period. The richest natural source of squalene will continue to be shark liver oil. The price of squalene obtained from animal sources is cheaper than that of squalene obtained from vegetable and other sources, which explains the dominance of animal sources. Deep-sea shark fishing restrictions are quite strict in Europe and North America, although they are relatively lenient in the Asia Pacific. This aspect is projected to slow the market's growth during the forecast period.

KEY MARKET PLAYERS:

Empressa Figueirrense de Pesca, Arista Industries Inc., Gracefruit Limited, Amyris Inc., Croda International PLC, New Zealand Green Health Ltd., Kishimoto Special Liver Oil Co. Ltd., Maruha Nichiro Corporation, Seadragon Marine Oils Limited, Arista Industries Inc. are a few of the dominating companies in the APAC market.