| Product Code: ETC5717920 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see a high concentration of squalene import shipments, with the top exporting countries being the USA, Qatar, Metropolitan France, Germany, and Canada. The Herfindahl-Hirschman Index (HHI) remained at a very high level, indicating a consolidated market. The compound annual growth rate (CAGR) from 2020 to 2024 was 1.88%, showing steady growth in squalene imports. Furthermore, the growth rate from 2023 to 2024 spiked to 10.5%, suggesting a potential acceleration in demand for squalene in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Squalene Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Squalene Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Squalene Market - Industry Life Cycle |
3.4 Belgium Squalene Market - Porter's Five Forces |
3.5 Belgium Squalene Market Revenues & Volume Share, By Source Type, 2021 & 2031F | 3.6 Belgium Squalene Market Revenues & Volume Share, By Vegetable Source, 2021 & 2031F |
3.7 Belgium Squalene Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Belgium Squalene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of squalene in skincare and cosmetics products |
4.2.2 Growing demand for natural and sustainable ingredients in the beauty and personal care industry |
4.2.3 Rising prevalence of skin disorders and conditions driving the use of squalene in pharmaceuticals |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the production cost of squalene |
4.3.2 Stringent regulations and standards governing the production and use of squalene in Belgium |
5 Belgium Squalene Market Trends |
6 Belgium Squalene Market Segmentations |
6.1 Belgium Squalene Market, By Source Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Squalene Market Revenues & Volume, By Animal-sourced squalene, 2021-2031F | 6.1.4 Belgium Squalene Market Revenues & Volume, By Vegetable-sourced squalene, 2021-2031F |
6.1.4 Belgium Squalene Market Revenues & Volume, By Biosynthetic squalene, 2021-2031F | 6.2 Belgium Squalene Market, By Vegetable Source |
6.2.1 Overview and Analysis |
6.2.2 Belgium Squalene Market Revenues & Volume, By Olive Oil, 2021-2031F |
6.2.3 Belgium Squalene Market Revenues & Volume, By Palm Oil, 2021-2031F |
6.2.4 Belgium Squalene Market Revenues & Volume, By Amaranth Oil, 2021-2031F |
6.3 Belgium Squalene Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Belgium Squalene Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.3 Belgium Squalene Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Belgium Squalene Market Revenues & Volume, By Food, 2021-2031F |
6.3.5 Belgium Squalene Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium Squalene Market Import-Export Trade Statistics |
7.1 Belgium Squalene Market Export to Major Countries |
7.2 Belgium Squalene Market Imports from Major Countries |
8 Belgium Squalene Market Key Performance Indicators |
8.1 Research and development investment in squalene-based product innovation |
8.2 Number of partnerships and collaborations with key players in the beauty, personal care, and pharmaceutical industries |
8.3 Adoption rate of squalene in new product launches in Belgium |
9 Belgium Squalene Market - Opportunity Assessment |
9.1 Belgium Squalene Market Opportunity Assessment, By Source Type, 2021 & 2031F | 9.2 Belgium Squalene Market Opportunity Assessment, By Vegetable Source, 2021 & 2031F |
9.3 Belgium Squalene Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Belgium Squalene Market - Competitive Landscape |
10.1 Belgium Squalene Market Revenue Share, By Companies, 2024 |
10.2 Belgium Squalene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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