Canada Squalene Market Size & Outlook, 2021-2030
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Canada squalene market highlights
- The Canada squalene market generated a revenue of USD 5.8 million in 2021 and is expected to reach USD 13.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.9% 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 5.8 million |
| Market revenue in 2030 | USD 13.5 million |
| Growth rate | 9.9% (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, Canada accounted for 4.8% 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 North America, U.S. squalene market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 46.5 million by 2030.
Plants was the largest segment with a revenue share of 84.48% in 2021. Horizon Databook has segmented the Canada squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Canada accounted for the second-largest share of 19.8% of squalene market in North America in 2021 with shark-based squalene contributing 11.7% to this share in the same year. The cosmetics and beauty care industry in the country is expected to grow at a rapid pace over the forecast period.
This is anticipated to lead to a surged demand for squalene used in this industry in Canada. A number of global squalene manufacturers such as SAFIC ALCAN and Aromatics Canada Inc. and their subsidiaries have their manufacturing plants in Canada.
The major sources of squalene extraction in Canada are shark liver oil and palm oil. As the regulations related to the extraction of squalene from the livers of sharks are not as strict in Canada as in Europe, shark liver oil is a major source of squalene extraction in the country.
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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 |
Canada squalene market size, by source, 2018-2030 (US$M)
Canada Squalene Market Outlook Share, 2021 & 2030 (US$M)
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