Thailand Squalene Market Size & Outlook, 2021-2030

The squalene market in Thailand is expected to reach a projected revenue of US$ 3.4 million by 2030. A compound annual growth rate of 12.6% is expected of Thailand squalene market from 2022 to 2030.
Revenue, 2021 (US$M)
$1.2
Forecast, 2030 (US$M)
$3.4
CAGR, 2022 - 2030
12.3%
Report Coverage
Thailand

Thailand squalene market highlights

  • The Thailand squalene market generated a revenue of USD 1.2 million in 2021 and is expected to reach USD 3.4 million by 2030.
  • The Thailand market is expected to grow at a CAGR of 12.6% 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 2021USD 1.2 million
Market revenue in 2030USD 3.4 million
Growth rate12.6% (CAGR from 2021 to 2030)
Largest segmentPlants
Fastest growing segmentSynthetic
Historical data2018 - 2020
Base year2021
Forecast period2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAnimal, Plants, Synthetic
Key market players worldwideAmyris, Sophim, Kuraray Co Ltd, Croda International PLC, Arbe Robotics Ltd


Other key industry trends

  • In terms of revenue, Thailand 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 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 75% in 2021. Horizon Databook has segmented the Thailand squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.


Thailand has one of the largest markets for color cosmetics and skincare among the nations of Southeast Asia. Many companies have made investments in the Thai cosmetics industry like Chemipan Corporation Co., Ltd and Benny Cosmetic Co., Ltd due to increasing demand of Thai cosmetic products.

Thailand's market for high-end cosmetics and fragrances is growing due to the rise in middle class population that has a strong appetite for fresh new beauty products. Growing cosmetic industry in Thailand is one of the driving factor for squalene market in South East Asia.

As per international trade administration the men’s grooming is also one of the growing industry in Thailand due to increasing social acceptance in skincare and haircare in urban areas. This in turn will drive the squalene market as squalene being the main ingredient in beauty and hair care products.

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Squalene Market Companies

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Thailand squalene market size, by source, 2018-2030 (US$M)

Thailand Squalene Market Outlook Share, 2021 & 2030 (US$M)

Thailand squalene market size, by source, 2018-2030 (US$M)

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