Mexico Squalene Market Size & Outlook, 2021-2030
Mexico squalene market, 2018-2030 (US$M)
Related Markets
Mexico squalene market highlights
- The Mexico squalene market generated a revenue of USD 3.9 million in 2021 and is expected to reach USD 7.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.8% 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 3.9 million |
| Market revenue in 2030 | USD 7.1 million |
| Growth rate | 6.8% (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, Mexico accounted for 3.2% 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 46.6 million by 2030.
Plants was the largest segment with a revenue share of 84.62% in 2021. Horizon Databook has segmented the Mexico squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, the demand for squalene is continuously growing owing to the rising demand for luxury products, including personal care products & cosmetics, nutraceuticals, etc. Pharmaceuticals is one of the developing industries in the country providing growth opportunities to squalene market.
Mexico is the largest producer of palm oil in North America. The government of the country has been taking initiatives over the past few years to increase the cultivation of palm trees in Mexico to enhance the production of palm oil in the country.
As per a report given by Mexican government, in 1998, the government of Mexico paid monthly subsidiaries to anyone willing to grow palm trees. Presently, these trees are cultivated in the country on 100,000 hectares of land. This allows Mexico to be highly inclined toward the usage of palm oil for the extraction of squalene.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico squalene market size, by source, 2018-2030 (US$M)
Mexico Squalene Market Outlook Share, 2021 & 2030 (US$M)
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