Plant Squalane Market Trends and Forecast
The future of the global plant squalane market looks promising with opportunities in the cosmetic & personal care and pharmaceutical markets. The global plant squalane market is expected to grow with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are increasing demand for natural & sustainable skincare ingredients, rising consumer preference for plant-based products, and growth in cosmetics & personal care industries.
• Lucintel forecasts that olive squalane is expected to witness higher growth over the forecast period.
• Within this market, cosmetics & personal care is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Plant Squalane Market
• United States: Amyris Inc. announced plans to expand production of plant-derived squalane to meet increasing demand from cosmetic companies aiming to replace traditional squalane sources with sustainable alternatives.
• France: Aprinnova launched a new facility for manufacturing plant-based squalane, supported by government initiatives promoting green technologies and sustainable production practices in the cosmetics sector.
• Japan: Kishimoto Special Liver Oil Co., Ltd. set targets to increase its market share in the plant squalane segment, aligning with government policies promoting innovation and sustainability in personal care products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Plant Squalane Market by Segment
The study includes a forecast for the global plant squalane market by type, application, and region.
Plant Squalane Market by Type [Value from 2018 to 2030]:
• Olive Squalane
• Sugar-Derived Squalane
Plant Squalane Market by Application [Value from 2018 to 2030]:
• Cosmetics & Personal Care
• Pharmaceuticals
• Others
Plant Squalane Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Plant Squalane Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plant squalane companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plant squalane companies profiled in this report include-
• Kishimoto
• EFP
• Vestan
• Maruha Nichiro
• Arista Industries
• Amyris
• Sophim
• Croda
• Nucelis
• Caroiline
Recent Development in the Plant Squalane Market
• Croda International Plc: Croda developed innovative extraction techniques for plant-based squalane, ensuring compliance with regulatory standards while meeting rising consumer demand for natural cosmetic ingredients.
• Seppic: Seppic launched a sustainability initiative to source plant squalane from renewable raw materials, supporting biodiversity conservation and promoting ethical sourcing practices in the personal care sector.
• Lipoid Kosmetik AG: Lipoid Kosmetik collaborated with botanical experts to expand its range of plant squalane offerings, addressing diverse market needs for clean-label and vegan-friendly skincare products.
• Sophim: Sophim invested in research and development to enhance the efficacy of plant squalane in cosmetic applications, focusing on moisturizing and anti-aging properties to differentiate its product offerings in the global market.
Features of the Global Plant Squalane Market
Market Size Estimates: Plant squalane market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plant squalane market size by type, application, and region in terms of value ($B).
Regional Analysis: Plant squalane market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the plant squalane market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plant squalane market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for plant squalane market?
Answer: The global plant squalane market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the plant squalane market?
Answer: The major drivers for this market are increasing demand for natural & sustainable skincare ingredients, rising consumer preference for plant-based products, and growth in cosmetics & personal care industries.
Q3. What are the major segments for plant squalane market?
Answer: The future of the plant squalane market looks promising with opportunities in the cosmetic & personal care and pharmaceutical markets.
Q4. Who are the key plant squalane market companies?
Answer: Some of the key plant squalane companies are as follows:
• Kishimoto
• EFP
• Vestan
• Maruha Nichiro
• Arista Industries
• Amyris
• Sophim
• Croda
• Nucelis
• Caroiline
Q5. Which plant squalane market segment will be the largest in future?
Answer: Lucintel forecasts that olive squalane is expected to witness higher growth over the forecast period.
Q6. In plant squalane market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plant squalane market by type (olive squalane and sugar-derived squalane), application (cosmetics & personal care, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Plant Squalane Market Market, Plant Squalane Market Market Size, Plant Squalane Market Market Growth, Plant Squalane Market Market Analysis, Plant Squalane Market Market Report, Plant Squalane Market Market Share, Plant Squalane Market Market Trends, Plant Squalane Market Market Forecast, Plant Squalane Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.