Italy Squalene Market Size & Outlook, 2021-2030
Italy squalene market, 2018-2030 (US$M)
Related Markets
Italy squalene market highlights
- The Italy squalene market generated a revenue of USD 4.3 million in 2021 and is expected to reach USD 10.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.3% 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 4.3 million |
| Market revenue in 2030 | USD 10.3 million |
| Growth rate | 10.3% (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, Italy accounted for 3.5% 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 81.4% in 2021. Horizon Databook has segmented the Italy squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
In 2021, the demand for plant-based squalene in Italy was higher than that for animal-based squalene owing to increasing demand for naturally derived ingredients. Plant-based squalene accounted for a volume share of 82.7% in 2021.
This growing demand for plant-based squalene in Italy can be attributed to the increasing adoption of sustainable and cruelty-free products by consumers in the country. The number of olive oil producers in Italy is expected to increase in the coming years.
This, in turn, is anticipated to lead to the large-scale manufacturing of high-quality olive oil, thereby surging the production of plant-based squalene in the country.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy squalene market size, by source, 2018-2030 (US$M)
Italy Squalene Market Outlook Share, 2021 & 2030 (US$M)
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