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Studies have proven that the key to a smooth and beautiful skin is to keep it moist. However, applying layers of cosmetic product goes in vain when it comes to dealing with cold weather. It is for this reason, skin-specialists suggest that skin should be treated with something that is considered as powerful ingredient for skin hydration. Squalene is a chemical extracted from shark liver and is considered as the best moisturizing agent. Coupled with rising awareness of health benefits of squalene and the growth in cosmetics and pharmaceuticals industry are augmenting demand in the global squalene market.
Transparency Market Research’s report provides crucial information about the current and future dynamics of the global squalene market to the readers. The report provides extensive analysis on factors such as trends, drivers, opportunities, and developments prevalent in the market.
To acquire additional shares of competitive squalene market, players have adopted various strategies. They aid companies with acquisition of resources for a successful future. Apart from mergers and acquisitions, prominent players of the market are also resorting to new product launch and innovation in the field of extracting squalene from the source. These strategies allow the players to get a strong hold over the market.
However, for a considerable time, squalene was extracted from the shark liver oil. According to Organic Process Research and Development study in 2014, production of 1 ton squalene from shark lever demands killing approximately 3,000 sharks. Thus, to satisfy the growing demand for squalene across the globe more than 100 million sharks are supposed be killed every year. It is because of this that market players are now switching towards alternatives to extract squalene.
One such alternative is olive oil squalene. As the name suggests the oil is extracted from olives. Currently the new product holds 35% share in the overall market.
Moreover, the market is also focusing on extracting squalene from microorganisms which are considered as one of the richest sources. Players are focusing on recently discovered isolated oleaginous yeast strain Pseudozyma sp. JCC 207 which has capacity to produce 340mg/L of the compound.
Prominent Anticancer Agent
The ability of squalene to restrict development of a healthy cell into malignant cell has propelled the demand for the compound in pharmaceutical sector. Organizations developing drugs for cancer treatment are focusing their R&D to inject and anchor the compound into the cell membrane. Though, the development of these anticancer drugs is not complete, pharmaceutical companies are vividly using squalene. Moreover, being a natural chemical, studies show that it has less side-effects when compared to the existing methods of cancer treatment. This, as a result, further fuels the growth of global squalene market.
Antioxidant Properties of Squalene Aids Growth
Squalene is vastly accepted as potential antioxidant. Presence of nutritional compounds such as Vitamin A, E, and K1 make it a strong antioxidant. Leveraging this property healthcare and skincare institutes are incorporating squalene-based products in their autoxidation therapies further boosting growth of the global squalene market during 2019 to 2027.
Boosting skincare and healthcare sector in Europe is incorporating squalene in its majority of therapies and treatments. As a result, Europe is expected to showcase maximum potential for the players of global squalene market. Moreover, rising health awareness and growing disposable income of the people in the region further propels the dominance of the region in the market.
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Squalene Market
