Brazil Squalene Market Size & Outlook, 2021-2030
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Brazil squalene market highlights
- The Brazil squalene market generated a revenue of USD 4.0 million in 2021 and is expected to reach USD 9.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.7% 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 4.0 million |
| Market revenue in 2030 | USD 9.2 million |
| Growth rate | 9.7% (CAGR from 2022 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, Brazil accounted for 3.3% 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 Latin America, Brazil squalene market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 9.2 million by 2030.
Plants was the largest segment with a revenue share of 82.5% in 2021. Horizon Databook has segmented the Brazil squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The pharmaceuticals industry in Brazil is the largest in Central & South America. This industry in the country is expected to grow significantly in the coming years. The continuously increasing elderly population in Brazil is expected to significantly surge the prevalence of chronic and lifestyle-related disorders.
This is expected to promote robust healthcare investments in the country, thereby contributing to the high demand for squalene used in medicinal formulations. According to the index of the Brazilian Association of the Personal Hygiene, Perfumery, and Cosmetics Industry, the hygiene products and personal care products & cosmetics sector in the country witnessed a growth of 5.8% in 2020 despite the pandemic and associated risks.
Moreover, the large population of Brazil is another reason contributing to the surged demand for squalene from cosmetic manufacturers. Plant-based squalene and synthetic squalene are preferred by the manufacturers of different personal care products & cosmetics as they are more cost-effective than animal-based squalene.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Arbe Robotics Ltd | View profile | 137 | 107 HaHashmonaim Street, Yafo, Tel Aviv, Israel | https://www.arberobotics.com |
| Sophim | View profile | 11-50 | Peyruis, Provence-Alpes-Cote d'Azur, France, Europe | http://www.sophim.com/ |
| Amyris | View profile | 1001-5000 | Emeryville, California, United States, North America | http://amyris.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
Brazil Animal - Squalene Market, 2021 - 2030 (US$M)
Brazil Squalene Market Outlook Share, 2021 & 2030 (US$M)
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