New Zealand Squalene Market Size & Outlook, 2021-2030
New Zealand squalene market, 2018-2030 (US$M)
Related Markets
New Zealand squalene market highlights
- The New Zealand squalene market generated a revenue of USD 0.4 million in 2021 and is expected to reach USD 1.1 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 11.9% 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 0.4 million |
| Market revenue in 2030 | USD 1.1 million |
| Growth rate | 11.9% (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, New Zealand accounted for 0.3% 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 75% in 2021. Horizon Databook has segmented the New Zealand squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
New Zealand is one of the fastest growing markets for food and beverage. This owes to wide range of flora in this region which are identified and utilized for the nutritional and medicinal uses. The plants for the nutraceutical ingredients in New Zealand receives more importance due strong UV light in New Zealand which is at least 37% higher than summers in similar latitudes in the northern hemisphere.
The additional UV light causes plants to produce higher volumes of bioactive and polyphenols in their leaves and fruit to protect themselves against the harmful UVB rays. Polyphenols can improve or help treat digestion issues, weight management difficulties, diabetes, neurodegenerative disease, and cardiovascular diseases.
Hence the squalene market in this region in expected to grow at a higher rate due to growth in nutraceutical and pharmaceutical industry in New Zealand.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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New Zealand squalene market size, by source, 2018-2030 (US$M)
New Zealand Squalene Market Outlook Share, 2021 & 2030 (US$M)
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