South Africa Squalene Market Size & Outlook, 2021-2030
South Africa squalene market, 2018-2030 (US$M)
Related Markets
South Africa squalene market highlights
- The South Africa squalene market generated a revenue of USD 2.0 million in 2021 and is expected to reach USD 4.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.4% 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 2.0 million |
| Market revenue in 2030 | USD 4.5 million |
| Growth rate | 9.4% (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, South Africa accounted for 1.7% 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 Middle East & Africa, South Africa squalene market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.5 million by 2030.
Plants was the largest segment with a revenue share of 85% in 2021. Horizon Databook has segmented the South Africa squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a leading consumer of squalene in the Middle East & Africa. However, squalene market in South Africa is projected to grow significantly in the coming years owing to promising growth opportunities.
The high demand for squalene in South Africa can be attributed to its flourishing food & beverages industry. The demand for squalene manufactured from plants and chemicals is steadily increasing in the country owing to changing lifestyle and food preferences of consumers as they are opting for organic and natural products.
This, in turn, is anticipated to have a positive impact on the demand for plant-based and synthetic squalene in South Africa over the forecast period.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa squalene market size, by source, 2018-2030 (US$M)
South Africa Squalene Market Outlook Share, 2021 & 2030 (US$M)
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