Squalene Market Progressing At A CAGR Of 63.1% From 2023 To 2030
San Francisco, 29 May 2023: The Report Squalene Market Size, Share & Trends Analysis Report By Source (Animal, Amaranth Oil, Synthetic), By End-use (Pharmaceuticals, Nutraceuticals), By Region, And Segment Forecasts, 2023 - 2030 The global squalene market size is expected to reach USD 307.88 million by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 10.9% from 2023 to 2030. The industry is majorly driven by rising health awareness among the masses and continuously rising demand for squalene in personal care and cosmetics. Squalene acts as an emollient and provides nourishment to the skin. Moreover, it finds application in pharmaceuticals due to its ability to act as an anti-cancer and anti-oxidant agent. Squalene is now largely produced from plants. It can be obtained from vegan sources such as sugarcane, rice bran, wheat germ, palm trees, and olives, with olives being the most popular. Although many businesses prefer squalene derived from pla