China Squalene Market Size & Outlook, 2021-2030
China squalene market, 2018-2030 (US$M)
Related Markets
China squalene market highlights
- The China squalene market generated a revenue of USD 11.1 million in 2021 and is expected to reach USD 32.6 million by 2030.
- The China market is expected to grow at a CAGR of 12.8% 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 11.1 million |
| Market revenue in 2030 | USD 32.6 million |
| Growth rate | 12.8% (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, China accounted for 9.1% 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 79.28% in 2021. Horizon Databook has segmented the China squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
China is the fastest-growing market for squalene in Asia Pacific owing to the presence of large end-use industries such as personal care products & cosmetics, pharmaceuticals, food & beverages, and nutraceuticals in the country.
In 2021, China was the second-largest market for personal care products & cosmetics. The country accounted for a share of approximately 15%–20% of the global cosmetics market in the same year. Consumers in China have been putting forward their requirements for healthy, safe, and functional skincare products With this rising awareness among consumers about the benefits of chemical-free, natural, and organic ingredient skincare formulations the demand for squalene has increased in the country as it acts as an excellent emollient.
Moreover, squalene has anti-aging properties which make it one of the most demanded ingredients used in personal care products & cosmetics. Some of the brands in China that provide squalene oilinfused products are The Ordinary, HABA, Elizabeth Arden, Chilan, and Broda.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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China squalene market size, by source, 2018-2030 (US$M)
China Squalene Market Outlook Share, 2021 & 2030 (US$M)
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