Germany Squalene Market Insights Forecasts to 2033

• The Germany Squalene Market Size was valued at USD 10.20 Million in 2023.
• The Market is Growing at a CAGR of 10.19% from 2023 to 2033
• The Germany Squalene Market Size is Expected to Reach USD 26.91 Million by 2033

The Germany Squalene Market is Anticipated to Reach USD 26.91 Million by 2033, growing at a CAGR of 10.19% from 2023 to 2033.

Market Overview

Squalene is an organic compound with many uses, including as an ingredient in cosmetics and vaccines, and as a component of human skin. It's a triterpene and an intermediate in the biosynthesis of cholesterol and other steroids.  Squalene is found in fish liver oils, especially those from sharks, as well as in plant oils like olive, wheat germ, and rice bran. Germany is home to an oleochemical factory that produces squalane, a bio-functional ingredient that is a precursor to cholesterol and skin cell regeneration. The acknowledgment of squalene's favorable characteristics for human health, expanded improvement and exploration in the cancer segment, and higher expenditure on oncology medications, are driving the Germany squalene market expansion.

Report Coverage

This research report categorizes the market for the Germany squalene based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany squalene market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany squalene market.

Driving Factors

Increasing awareness regarding hygiene and personal grooming activities has surged the demand for various cosmetic products. Squalene is widely used in producing creams and lotions to increase their spreadability and absorption. Brands are expanding their shade ranges for makeup products to cater to a wider range of skin tones, reflecting the demand for products that cater to all ethnicities.  In addition, squalene supplementation has shown a positive response in humans, owing to its potential to reduce cholesterol levels, normalize plasma sterol levels, and enhance overall immunity, all these factors drive the Germany squalene market.

Restraining Factors

The traditional source of squalene is shark liver oil, but the unsustainable harvesting of sharks has raised concerns about the depletion of shark populations and its impact on marine ecosystems. This acts as a primary restraint to the Germany squalene market.

Market Segmentation

The Germany squalene market share is classified into source and end-use industry.

• The biosynthetic segment is expected to hold the largest market share through the forecast period.

The Germany squalene market is segmented by source into vegetable, animal, and biosynthetic. Among these, biosynthetic segment is expected to hold the largest market share through the forecast period.  Biosynthetic manufacturing allows for better control over the quality and purity of squalene. Manufacturers can ensure that the product meets specific quality standards, making it acceptable to industries like cosmetics and pharmaceuticals. Biosynthetic squalene is highly stable and pure, which makes it suitable for use in various industries, including cosmetics, skincare, and pharmaceuticals.

• The cosmetics segment is expected to dominate the Germany squalene market during the forecast period.       

Based on the end-use industry, the Germany squalene market is divided into cosmetics, food, pharmaceuticals, and others. Among these, the cosmetics segment is expected to dominate the Germany squalene market during the forecast period. Antioxidant properties of squalene can aid in defending the skin from oxidative stress and free radical harm. This makes it an important ingredient in anti-aging skincare products, as it can help diminish the appearance of fine lines and wrinkles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany squalene market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Arbe Robotics Ltd
• Sophim
• Amyris
• Croda International PLC
• Kuraray Co Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2023, Evonik has been awarded this year's CPHI Pharma Award in the “Sustainability” category. The award-winning innovation is PhytoSquene, a plant-derived squalene suitable for parenteral drug delivery applications, and it is the first plant-sourced squalene that adheres to GMP (Good Manufacturing Practices). PhytoSquene is made from the oil of amaranth (Amaranthus caudatus), an herbaceous plant, and renewable feedstock, cultivated in many parts of the world. It is manufactured in Germany using a proprietary process and has consistently high quality, compliant with European Pharmacopoeia (Ph. Eur.) regulations. Evonik launched PhytoSquene in 2023 with manufacturing at commercial scale.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Squalene Market based on the below-mentioned segments:

Germany Squalene Market, By Source

• Vegetable
• Animal
• Biosynthetic

Germany Squalene Market, By End-Use Industry

• Cosmetics
• Food
• Pharmaceuticals
• Others