Spain Squalene Market Size & Outlook, 2021-2030
Spain squalene market, 2018-2030 (US$M)
Related Markets
Spain squalene market highlights
- The Spain squalene market generated a revenue of USD 2.6 million in 2021 and is expected to reach USD 6.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 10.8% 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 2.6 million |
| Market revenue in 2030 | USD 6.5 million |
| Growth rate | 10.8% (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, Spain accounted for 2.1% 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 84.62% in 2021. Horizon Databook has segmented the Spain squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
In Spain, the demand for squalene is continuously increasing owing to the rising usage of natural ingredients in the personal care & cosmetics industry. The increasing demand for luxury skin care products and the rising disposable income of consumers are positively influencing the growth of squalene market in Spain.
The presence of well-established manufacturers and suppliers in the country is also anticipated to drive the growth of squalene market in Spain in the coming years. For instance, the presence of companies such as Squalop Oil in the country favors the growth of the shark oil industry in Spain.
The mergers and acquisitions undertaken by large players such as Sophim to increase their manufacturing capacity are expected to contribute to the growth of squalene market in Spain in the coming years.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain squalene market size, by source, 2018-2030 (US$M)
Spain Squalene Market Outlook Share, 2021 & 2030 (US$M)
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