Singapore Squalene Market Size & Outlook, 2021-2030
Singapore squalene market, 2018-2030 (US$M)
Related Markets
Singapore squalene market highlights
- The Singapore squalene market generated a revenue of USD 2.0 million in 2021 and is expected to reach USD 5.7 million by 2030.
- The Singapore market is expected to grow at a CAGR of 12.4% 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 2.0 million |
| Market revenue in 2030 | USD 5.7 million |
| Growth rate | 12.4% (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, Singapore accounted for 1.6% 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 80% in 2021. Horizon Databook has segmented the Singapore squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
As per international trade administration, Singapore has a very strong tourism sector accounting for 4% of GDP, and 21% of tourists spent the most on beauty products. Along with it the awareness for clean beauty or natural or organic product that are ethical and sustainable is increasing driving the cosmetic and beauty in Singapore.
There has been increasing demand for nutraceutical in Singapore due to increasing lifestyle diseases. Most of the population are diagnosed with obesity, hypertension, diabetes and heart diseases which has shifted the diet and physical activity of population towards nutraceuticals. This in turn will increase the demand for squalene in this region.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore squalene market size, by source, 2018-2030 (US$M)
Singapore Squalene Market Outlook Share, 2021 & 2030 (US$M)
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