Philippines Squalene Market Size & Outlook, 2021-2030
Philippines squalene market, 2018-2030 (US$M)
Related Markets
Philippines squalene market highlights
- The Philippines squalene market generated a revenue of USD 1.8 million in 2021 and is expected to reach USD 5.1 million by 2030.
- The Philippines market is expected to grow at a CAGR of 12.5% 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 1.8 million |
| Market revenue in 2030 | USD 5.1 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 |
Other key industry trends
- In terms of revenue, Philippines accounted for 1.4% 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 77.78% in 2021. Horizon Databook has segmented the Philippines squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Philippines is a leading consumer of Squalene in APAC region due to its growing pharmaceutical and cosmetic industries. Philippines has always known to be spending out of pocket for the growth of healthcare and pharmaceutical industry With the developing pharmaceutical industry, the demand for squalene is also expected to increase.
Some of the prominent players including global manufacturers, suppliers and distributors like Rezen Shoreline Marine & Alpha Essential Aqua Marine Trading are expected to boost the market of squalene.
The fishery industry is a prominent in Indonesia contributing 1.5% and 1.7%, to the country’s gross domestic products (GDP) with the fisheries sector providing employment to over 1.6 million people as per the Southeast Asian fisheries development center. Hence the major inclination of extraction of squalene is towards the shark liver oil.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines squalene market size, by source, 2018-2030 (US$M)
Philippines Squalene Market Outlook Share, 2021 & 2030 (US$M)
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