Squalane, Global Market Size Forecast, Top 17 Players Rank and Market Share (Internet Services - Other Internet Services)
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Squalane, Global Market Size Forecast, Top 17 Players Rank and Market Share | |
Squalane is of a molecular formula C30H62 and has a specific stereochemical conformation. Squalane is traditionally sourced from shark liver or refined olive oil. It is highly sought after by formulators, due to its emollient properties. It is a high-end moisturizing ingredient used as an emollient in cosmetics and other personal care products, and it is a high value, clear oil compound used in pharmaceuticals, specialty lubricants etc. According to the new market research report "Global Squalane Market Report 2023-2029", published by QYResearch, the global Squalane market size is projected to grow from USD 140 million in 2023 to USD 197 million by 2029, at a CAGR of 5.8% during the forecast period. The global key manufacturers of Squalane include Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Caroiline, etc. In 2022, the global top five players had a share approximately 58.67% in terms of revenue. Market Drivers: The rapidly rising middle class is reshaping the world, and this trend will continue in the future. The purchasing power of the middle class, their attitude towards accepting new brands from local companies in various countries, and their willingness to try new things mean endless new business opportunities for global companies. To fully grasp this emerging consumer group, the business community needs to understand them deeply and carefully observe how their consumption behavior evolves. However, the successful strategies of many companies in the past, which were based on producing standardized products for mass consumers and distributing them on a large scale, should be adjusted today. The new market environment is that millions of middle-class consumers are upgrading their consumption and have higher expectations for products. Facing the future, companies need to have a more detailed understanding of consumers, not only to know what they are doing, but also to know how their needs are changing and the root causes of these changes. Restraint: Affected by the COVID-19 epidemic, the Ukraine crisis, high inflation and climate change, the world economy will be severely hit in 2022 and will continue to be under pressure in 2023. If some macroeconomic headwinds can begin to recede, world economic growth will rebound to 2.7% in 2024. The slowdown in world economic growth has affected both developed and developing countries, with many countries facing the risk of economic recession in 2023. The weakening growth momentum of the United States, the European Union and other developed economies has adversely affected the world economy in many ways. Several companies are currently investing in the research and development of this product, and it is expected that new entrants to squalane(ene) will increase in the future. In addition, whether it is hydrogenated polyisobutylene squalane synthesized through chemical engineering or plant-derived squalane(ene), its synthesis is very difficult and its technical barriers are high. Opportunity: As the economic level of developing countries improves and per capita disposable income increases, the proportion of consumption of high-end brands and luxury brands in local cosmetics markets in developing countries is increasing rapidly. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target Nation: All Nations Target City : All Cities Last Update : 29 March 2024 3:38 AM Number of Views: 66 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-11-17 (0.288 sec)