U.S. Squalene Market Size & Outlook, 2021-2030
U.S. squalene market, 2018-2030 (US$M)
Related Markets
U.S. squalene market highlights
- The U.S. squalene market generated a revenue of USD 19.6 million in 2021 and is expected to reach USD 46.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.1% 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 19.6 million |
| Market revenue in 2030 | USD 46.6 million |
| Growth rate | 10.1% (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, U.S. accounted for 16.1% 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 North America, U.S. squalene market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 46.6 million by 2030.
Plants was the largest segment with a revenue share of 84.18% in 2021. Horizon Databook has segmented the U.S. squalene market based on animal, plants, synthetic covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is the largest producer and consumer of squalene in North America. The market for squalene is expected to grow significantly over the forecast period owing to the development and growth of the cosmetics industry in the country.
The growth of squalene market in the U.S. can be attributed to a high penetration rate of global cosmetic brands and an increase in demand for beauty care products and beauty clinics owing to expanding working women population in the country.
Squalene is majorly extracted from shark liver oil and palm oil. Palm oil is a major source for extracting squalene in the U.S. owing to the restrictions imposed on poaching of marine animals under the Marine Mammal Protection Act Policies (MMPA) that prohibits the take of marine mammals, including harassing, hunting, capturing, collecting, or killing them in the waters and by the citizens of the U.S. on the high seas.
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Squalene Market Scope
Squalene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. squalene market size, by source, 2018-2030 (US$M)
U.S. Squalene Market Outlook Share, 2021 & 2030 (US$M)
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