Australia Squalene Market Size & Outlook, 2021-2030
Australia squalene market, 2018-2030 (US$M)
Related Markets
Australia squalene market highlights
- The Australia squalene market generated a revenue of USD 2.1 million in 2021 and is expected to reach USD 5.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 12.2% from 2022 to 2030.
- In terms of segment, plants was the largest revenue generating source in 2021.
- Synthetic is the most lucrative source segment registering the fastest growth during the forecast period.
Squalene market data book summary
| Market revenue in 2021 | USD 2.1 million |
| Market revenue in 2030 | USD 5.8 million |
| Growth rate | 12.2% (CAGR from 2021 to 2030) |
| Largest segment | Plants |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Animal, Plants, Synthetic |
| Key market players worldwide | Amyris, Sophim, Kuraray Co Ltd, Croda International PLC, Arbe Robotics Ltd |
Other key industry trends
- In terms of revenue, Australia accounted for 1.7% of the global squalene market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China squalene market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30.7 million by 2030.
Plants was the largest segment with a revenue share of 80.95% in 2021. Horizon Databook has segmented the Australia squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Australia squalene market is mainly driven by high demand from key end-use applications such as dietary supplements and pharmaceuticals. Dietary supplements in the country have witnessed substantial growth over the past couple of years owing to the increasing consumer population, especially women and adults focusing on joint and bone health, women health, digestive, and heart health.
Key squalene manufacturers and suppliers operating in Australia include Ocean Oils Pty Ltd. is contributing to the market. Additionally, presence of key end users and suppliers such as Nutra-Life Australia and The Melbourne Food Depot is anticipated to trigger the product demand over the forecast period.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia squalene market size, by source, 2018-2030 (US$M)
Australia Squalene Market Outlook Share, 2021 & 2030 (US$M)
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