South Korea Squalene Market Size & Outlook, 2021-2030
South Korea squalene market, 2018-2030 (US$M)
Related Markets
South Korea squalene market highlights
- The South Korea squalene market generated a revenue of USD 2.2 million in 2021 and is expected to reach USD 6.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.3% 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 2.2 million |
| Market revenue in 2030 | USD 6.2 million |
| Growth rate | 12.3% (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, South Korea accounted for 1.8% 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 77.27% in 2021. Horizon Databook has segmented the South Korea squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the top ten markets for personal care products & cosmetics globally. It is known for the usage of gentle ingredients in its personal care products & cosmetics, which are chemical free. The innovations being carried out in personal care products & cosmetics in South Korea have led to a rise in demand for squalene, which is a natural and most efficient emollient available in the market.
The high demand for personal care products & cosmetics in South Korea that use squalene as an active ingredient has resulted in the killing of sharks as they are the most economical source available in the market for extracting squalene.
This led Amyris to collaborate with Dowell, a Korean supplier of personal care products and beauty ingredients, to distribute its sugar-based squalene, an alternative to animal-based squalene, in South Korea. This collaboration has led to the expansion of the distribution network of Amyris in Asia Pacific along with ensuring astable supply of squalene developed from sustainable raw materials for the company.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea squalene market size, by source, 2018-2030 (US$M)
South Korea Squalene Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
