North America Animal Sourced Squalene Market

 North America Animal Sourced Squalene Market size ( 2024 to 2029)

The size of the North America Animal Sourced Squalene Market is estimated to grow at a promising CAGR from 2024 to 2029.

The increasing pharmaceutical and cosmetics sales are primarily driving the Animal sourced squalene market in North America.

 In addition, the technological advancements in the healthcare sector and the adoption of innovative sourcing squalene procedures are uplifting the market growth. Furthermore, the growing consumer awareness about the usage of high-quality cosmetic products accelerates the market growth. Also, the rising applications of squalene as immune system support are expected to offer lucrative market growth prospects.

On the other hand, the factors such as increasing investments, well-established healthcare infrastructure, and supportive government policies support the market growth. Increasing research and development activities in the oncology segment and the increasing investments by government and non-government organizations are expected to provide new market entrants. In addition, the growing cosmetic and pharmaceutical industries in emerging countries such as the United States and Canada significantly contribute to the North American Animal sourced squalene market. 

Other factors such as increasing awareness about the beneficial properties of squalene like anti-aging, anti-oxidation, UV protection, and strengthening of the immune system is rapidly influencing the demand for cosmetic and pharmaceuticals. Moreover, key companies in the region are adopting various sourced squalene procedures, as these companies specialize in producing oils and natural substances for the cosmetic, personal care, and pharmaceutical industries. Key market participants and manufacturers are adopting various market strategies such as collaborations, mergers, and acquisitions to gain a competitive edge over the market players in expanding the market growth. 

However, stringent government regulations and NGO activities are majorly impeding market growth. Also, growing environmental concerns in the minds of consumers are forecasted to be limiting the market growth.

This research report on the North America Animal Sourced Squalene Market has been segmented and sub-segmented into the following categories.

North America Animal Sourced Squalene Market Analysis By Application

• Cosmetics

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

North America Animal Sourced Squalene Market Analysis By Country

• United States

• Canada

• Rest of North America

Geographically, North America is anticipated to witness a significant share in the global Animal sourced squalene market during the forecast period.

The market growth is driven owing to the growing awareness, extensive research and development activities, and high healthcare expenditure. In addition, the presence of key market players, adoption of key market strategies, and availability of well-established healthcare sectors are boosting the market growth. As a result, cosmetics are the largest consumers industry of squalene in the region.

The United States is more likely to witness a predominant share in the market due to the increasing demand for squalene from pharmaceuticals and nutraceutical segments in the country, the rising purchasing power of the individuals, and leading squalene producers are fuelling the market growth. On the other hand, the growing demand for natural cosmetics with good quality products and the establishment of pharmaceutical and cosmetic industries in the country is more likely to accelerate the market growth.

Canada is projected to witness a promising share in the Animal sourced squalene market during the forecast period. Due to the growing cosmetics, increasing demand for dietary supplements, and raising awareness.

KEY MARKET PLAYERS

Companies playing a vital role in the North American aminal sourced squalene market include 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, and Arista Industries Inc.