Benelux Squalene Market Size & Outlook, 2021-2030
Benelux squalene market, 2018-2030 (US$M)
Related Markets
Benelux squalene market highlights
- The Benelux squalene market generated a revenue of USD 1.7 million in 2021 and is expected to reach USD 4.1 million by 2030.
- The Benelux market is expected to grow at a CAGR of 10.5% from 2022 to 2030.
- In terms of segment, plants was the largest revenue generating source in 2021.
- Plants is the most lucrative source segment registering the fastest growth during the forecast period.
Squalene market data book summary
| Market revenue in 2021 | USD 1.7 million |
| Market revenue in 2030 | USD 4.1 million |
| Growth rate | 10.5% (CAGR from 2021 to 2030) |
| Largest segment | Plants |
| Fastest growing segment | Plants |
| 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, Benelux accounted for 1.4% 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 Europe, Germany squalene market is projected to lead the regional market in terms of revenue in 2030.
- Portugal is the fastest growing regional market in Europe and is projected to reach USD 1.1 million by 2030.
Plants was the largest segment with a revenue share of 88.24% in 2021. Horizon Databook has segmented the Benelux squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Benelux includes three countries, namely, Belgium, the Netherlands, and Luxembourg. These countries witness a surged demand for squalene owing to the flourishing pharmaceuticals and cosmetics industries. Belgium has emerged as the central point for vaccine production in Europe owing to its exceptional supply chain network.
This is expected to fuel the growth of squalene market in Benelux in the coming years. Shark liver oil-based squalene is highly effective in the production of vaccines as it increases the immune response of vaccines. However, the surging usage of squalene may cause the extinction of sharks in Benelux in the near future. As a result, plant-based alternatives are preferred in vaccine formulations in Benelux.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Benelux squalene market size, by source, 2018-2030 (US$M)
Benelux Squalene Market Outlook Share, 2021 & 2030 (US$M)
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