Spain Squalene Market Insights Forecasts to 2033

• The Spain Squalene Market Size was valued at USD 3.19 Million in 2023.
• The Market is Growing at a CAGR of 10.67% from 2023 to 2033
• The Spain Squalene Market Size is Expected to Reach USD 8.79 Million by 2033

The Spain Squalene Market is Anticipated to Reach USD 8.79 Million by 2033, growing at a CAGR of 10.67% 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. Spain is home to an oleochemical factory that produces squalane, a bio-functional ingredient that is a precursor to cholesterol and skin cell regeneration. The factory is located in Andalucía, South of Spain, and is owned by Sophim, a European leader in the manufacture of natural squalane. 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 Spain squalene market expansion.

Report Coverage

This research report categorizes the market for the Spain 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 Spain 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 Spain 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 Spain 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 Spain squalene market.

Market Segmentation

The Spain 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 Spain squalene market is segmented by source into vegetable, animal, and biosynthetic. Among these, the 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 Spain squalene market during the forecast period.       

Based on the end-use industry, the Spain squalene market is divided into cosmetics, food, pharmaceuticals, and others. Among these, the cosmetics segment is expected to dominate the Spain 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 Spain 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, Sophim, a family company specializing in natural ingredients for cosmetics and personal care, recently completed a €20 million funding round that double the company's production capacity at two industrial sites one located in Peyruis, in the south of France, and the other in Almeria, Spain and rev its international development. Smalt Capital is the only financial investor in this €4.5 million funding round, besides banking support and funding in recovery bonds.

Market Segment

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

Spain Squalene Market, By Source

• Vegetable
• Animal
• Biosynthetic

Spain Squalene Market, By End-Use Industry

• Cosmetics
• Food
• Pharmaceuticals
• Others