Global Squalene Market to See 10.1% CAGR through 2022, Says Allied Market Research in Its Topical Study Available at MarketPublishers.com16 Mar 2017 • by Natalie Aster
LONDON – Driven by the escalating demand from various applications like pharmaceuticals and cosmetics together with numerous benefits for human health, the world’s squalene market is following an upward trend. In 2015, the value of this market stood at USD 110 million. During 2017 – 2022, it is poised to register a 10.1% CAGR to reach USD 214 million. The market growth is also fueled by an upturn of disposable incomes across developing countries like India and China.
On the basis of source, the vegetable-sourced squalene sector is predicted to see the fastest growth, primarily due to steady availability of feedstock, renewable nature of this type of squalene and regulations regarding animal-sourced squalene.
On the basis of end-use area, the overall squalene market was led by the cosmetics industry in the year 2015, owing to the enhancing awareness of high-quality products along with willingness to pay more for better quality.
Europe is expected to maintain its position of the top regional market for squalene through 2022.
In-demand research study “Squalene Market by Source, End-Use Industry - Global Opportunity Analysis and Industry Forecast, 2014-2022” worked out by Allied Market Research presents an all-round overview of the global squalene market performance at different geographical levels. The report contains reliable updated statistics, covers the market dynamics, touches upon prevailing trends and identifies the major challenges and opportunities, discusses the key aspects and the hottest issues. It includes a detailed market assessment on the basis of sources, end-use industries and regions. Additionally, the research report offers access to forecasts for the global squalene market up till 2022.
For other research reports by this publisher follow to the Allied Market Research page at MarketPublishers.com.