Squalane Oil Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Source (Olive Oil, Shark Liver, and Sugarcane (Sugar-based)); End Use (Personal Care, Food, Pharmaceutical, and Others), and Geography
Squalane is an oil-free, high-end moisturizing agent used in several personal care products, especially cosmetics. It is also utilized in the manufacture of vaccines. Squalane has been commonly extracted from the liver of deep-water sharks. Around a ton of squalane is produced from the livers of approximately 3,000 sharks. Along with this requirement, about 6 million deep-water sharks are killed a year to fulfill the worldwide demand for nearly 2,500 tons of squalane per annum.
The "Global Squalane Oil Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the squalane oil market with detailed market segmentation by source, end use, and geography. The report provides key statistics on the market status of the leading squalane oil market players and offers key trends and opportunities in the market.
Based on source, the global squalane oil market is segmented into olive oil, shark liver, sugarcane (sugar-based).
On the basis of end use, the market is segmented into personal care, food, pharmaceutical, others.
MARKET DYNAMICS Drivers
Rise in the adoption of personal care products, change in lifestyle.
Rise in the penetration of FMCG products.
Growing awareness about the use of shark liver squalane
The commercial application of squalane is restrained by price volatility owing to the inconsistent supply is the major restraining factor for this market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The squalane oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the squalane oil market in these regions.
IMPACT OF COVID-19 ON SQUALANE OIL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the squalane oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from squalane oil market are anticipated to lucrative growth opportunities in the future with the rising demand for squalane oil in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the squalane oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Kishimoto Special Liver Oil
SeaDragon Marine Oil Ltd.
Maruha Nichiro Corp.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.