Latin America Animal Sourced Squalene Market

The size of the Latin America Animal Sourced Squalene Market is estimated to grow at a steady rate from 2022 to 2027.

The pharmaceutical industry's growth is expected to drive squalene demand in the future. Increased R&D in oncology and increased spending on oncology medications are projected to drive the Latin American market. In addition, orphan drugs are expected to generate additional pharmaceutical income by 2025. Due to rising spending on oncology treatments, the market for squalene in Latin America is expected to expand by 6.0–8.0 percent over the next five years.

Furthermore, the cosmetics industry is being propelled forward at a regional level by the increasing cosmetics sector in emerging markets such as Brazil, Mexico, and Argentina and greater consumer awareness of the benefits of using high-quality cosmetics and readiness to pay premium prices. As a result, squalene is frequently employed in this industry.

Squalene is in high demand in Latin American cosmetics because of growing customer awareness of the importance of utilizing high-quality items and a willingness to pay a premium for them. Another factor driving the growth of the Latin American squalene market in the cosmetics industry is a growing awareness of the consequences of excessive sun exposure. These factors are predicted to drive the Latin America Animal Sourced Squalene market during the forecast period.

Squalene is mainly generated from shark liver oil, resulting in shark overfishing. Because of customer skepticism of animal-sourced products, end-use manufacturers have decided to stop utilizing squalene derived from shark liver in their products. Most laws allow for the extraction of shark liver oil as a by-product of shark fishing. The availability of shark livers has dropped due to reduced shark fishing operations due to specific rules and regulations and shark overfishing, which is impacting the supply of squalene. Several regulatory agencies, including the General Fisheries Commission of the Mediterranean (GFCM), the North-East Atlantic Fisheries Commission (NEAFC), the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR), and the North Atlantic Fisheries Organization (NAFO), have imposed restrictions on shark fishing, such as fixed quotas, resulting in a shark liver supply shortage and, as a result, a squalene shortage.

This research report on the Latin America Animal Sourced Squalene Market has been segmented and sub-segmented into the following categories.

By Application:

• Cosmetics
  • Skin Care
  • Hair Care
  • Fragrance
• Food Supplements
• Healthcare
  • Cancer Treatment
  • Heart Disease
  • Skin Health

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

In terms of value, Latin America is predicted to hold a significant market share in squalene throughout the forecast period. This is due to rising squalene demand from the pharmaceutical and nutraceutical industries in the country. Furthermore, the growing demand for natural cosmetics with high-quality products and the strong buying power of Latin American customers has fuelled the expansion of squalene in the region. The desire for high-quality natural cosmetics has been the primary driver of industry expansion. The natural presence of squalene and its various beneficial characteristics is another element driving this market's growth. Squalene demand will be driven in the future by the pharmaceutical industry's expansion. These factors are predicted to drive the Animal Sourced Squalene market in Latin America during the forecast period.

Brazil is expected to be the market leader in Latin America for Animal Sourced Squalene during the projected period. In the future, the squalene market is likely to be driven by increased R&D in the oncology segment and increased spending on oncology medicine.

Mexico is predicted to hold a large proportion of the Latin American Animal Sourced Squalene market, following Brazil. Squalene's anti-oxidant, anti-aging, immune-system-strengthening, and UV-protection capabilities drive market expansion.

KEY MARKET PLAYERS:

Empressa Figueirrense de Pesca, Arista Industries Inc., Gracefruit Limited, Amyris Inc., Croda International PLC, New Zealand Green Health Ltd., Kishimoto Special Liver Oil Co. Ltd., Maruha Nichiro Corporation, Seadragon Marine Oils Limited, Arista Industries Inc. are a few of the noteworthy companies in the Latin American market.