Russia Squalene Market Size & Outlook, 2021-2030
Russia squalene market, 2018-2030 (US$M)
Related Markets
Russia squalene market highlights
- The Russia squalene market generated a revenue of USD 1.2 million in 2021 and is expected to reach USD 3.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 10.7% 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 1.2 million |
| Market revenue in 2030 | USD 3.0 million |
| Growth rate | 10.7% (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, Russia accounted for 1.0% 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 75% in 2021. Horizon Databook has segmented the Russia squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
Russia is anticipated to witness a gradual growth in the consumption of squalene over the forecast period. The pharmaceuticals and cosmetics industries are the key consumers of squalene in the country owing to advancements in pharmaceutical research activities taking place in Russia.
Thus, the surged consumption of squalene in the pharmaceuticals and cosmetics industries is anticipated to drive the growth of the market in the country over the forecast period. The pharmaceuticals industry in Russia grew from USD 20.91 billion in 2016 to USD 38.56 billion in 2021 owing to the continuously aging population in the country.
This is anticipated to drive the demand for squalene in this industry over the coming years. For domestic growth, different initiatives are undertaken by the Government of Russia. As of 2021, the government of the country invested USD 4 billion in the production of domestic pharmaceuticals in Russia.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia squalene market size, by source, 2018-2030 (US$M)
Russia Squalene Market Outlook Share, 2021 & 2030 (US$M)
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