Market revenue in 2021 | USD 4.0 million |
Market revenue in 2030 | USD 11.5 million |
Growth rate | 12.5% (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 |
Plants was the largest segment with a revenue share of 80% in 2021. Horizon Databook has segmented the Japan squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the leading markets for squalene in Asia Pacific owing to its flourishing personal care & cosmetics industry with approximately 3,000 beauty and personal care products companies, including global brands such as Kao, Kosé, Shiseido, and Pola Orbis operating in it. and has the third-largest pharmaceuticals industry.
According to the Ministry of Economy, Trade and Industry (METI) of Japan, the personal care products & cosmetics industry of the country was valued at USD 35 billion in 2019.
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