How AI is Transforming the Squalene Market
Introduction
New York, Sept. 17, 2024 /PRNewswire/ — The global squalene market is experiencing a significant transformation driven by artificial intelligence. According to Technavio, the market is expected to grow by USD 62.9 million from 2024-2028, with a CAGR of over 6.79% during the forecast period. The increasing acceptance of UVA/B filters in sunscreens and sun protection cosmetics is fueling market growth, along with a shift towards squalene derived from renewable sources. However, stringent safety regulations on UV sun care products pose a challenge to market players.
Key Market Players
Key market players in the squalene industry include Amyris Inc., ARISTA INDUSTRIES, BOCSCI Inc., Cibus, Croda International Plc, Evonik Industries AG, Gracefruit Ltd., KISHIMOTO SPECIAL LIVER OIL CO. LTD., KURARAY Co. Ltd., LBB Specialties LLC, MacroCare Tech Ltd., Majestic Mountain Sage Inc., Maruha Nichiro Corp., Maypro Group, Micro Capsule Technologies, New Zealand Green Health Ltd., Parchem Fine and Specialty Chemicals Inc., Seadragon, Sophim, and VESTAN.
AI-Powered Market Insights
Squalene, a natural hydrocarbon, is increasingly being derived from renewable sources such as vegetables, olives, sugarcane, tobacco, and even a new yeast-like fungus called Pseudozyma. Genetic modification and metabolic changes have led to the development of industrial-scale squalene-hyperproducing strains, further driving the growth of the global squalene market. Squalene is widely used in the personal care industry for its moisturizing properties and is a key ingredient in creams, serums, oils, masks, and more.
Market Evolution
The market is experiencing a shift towards renewable squalene sources, positively impacting its growth. Companies like GlaxoSmithKline, Sanofi S, and CureVac N are investing in squalene research for its potential as an adjuvant in flu vaccinations. Squalene’s versatility makes it an essential raw material in various industries, from personal care to pharmaceuticals.
Market Challenges
While the shift towards renewable sources is promising, there are challenges, including concerns over potential toxicity and heterologous antibody responses in vaccines. The oncology segment is also exploring squalene for its potential role in cancer treatment, highlighting the need for further research and development in the industry.
Impact on Individuals
For individuals, the use of squalene in personal care products and vaccines offers a more sustainable and ethical alternative to animal-sourced ingredients. Squalene’s moisturizing and antioxidant properties make it a popular ingredient in skincare products, providing hydration and protection against free radicals.
Global Impact
On a global scale, the transformation of the squalene market driven by AI and renewable sources is shaping the future of the cosmetics, pharmaceutical, and nutraceutical industries. The shift towards sustainable practices and innovative research in squalene production is not only benefiting businesses but also contributing to a more environmentally-conscious market landscape.
Conclusion
AI-powered analysis is revolutionizing the squalene market, driving growth and innovation in the industry. With a focus on renewable sources and market evolution, squalene is proving to be a versatile and essential ingredient with vast potential across various sectors. As the market continues to evolve, the adoption of AI technologies and sustainable practices will play a key role in shaping the future of the squalene industry.
