Squalene Market: Overview
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.
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Squalene Market: Notable Developments and Competitive Landscape
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.
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Squalene Market: Key Drivers
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.
Squalene Market: Regional Analysis
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.