India Squalene Market Size & Outlook, 2021-2030
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India squalene market highlights
- The India squalene market generated a revenue of USD 10.1 million in 2021 and is expected to reach USD 30.7 million by 2030.
- The India market is expected to grow at a CAGR of 13.2% 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 10.1 million |
| Market revenue in 2030 | USD 30.7 million |
| Growth rate | 13.2% (CAGR from 2022 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, India accounted for 8.3% 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 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 79.21% in 2021. Horizon Databook has segmented the India squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as a potential market for squalene in Asia Pacific owing to the flourishing personal care products & cosmetics industry in the country. The personal care products & cosmetics industry in India is growing twice as fast as this industry is flourishing in the U.S.
The growth of personal care products & cosmetics industry in India can be attributed to changing lifestyle of the masses, increasing awareness among consumers toward maintaining healthy skin, and shifting demand for natural organic products from chemical-based products that has led companies to switch from the usage of synthetic ingredients to natural ingredients in their products.
Some of the major India-based companies dealing in squalene-infused skincare & cosmetic products are Mamaearth, Indulgeo Essentials, and SoulTree. Another major reason for this continuous growth of the skincare industry in India is continuous innovations in personal care products and cosmetics meant for men.
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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 |
India Plants - Squalene Market, 2021 - 2030 (US$M)
India Squalene Market Outlook Share, 2021 & 2030 (US$M)
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