Product Code: ETC4503151 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Vietnam squalene market is seeing notable developments due to the rising demand for this natural compound in the cosmetics and pharmaceutical industries. Squalene, derived from plant and animal sources, is valued for its moisturizing and antioxidant properties. The cosmetic sector, in particular, incorporates squalene in skincare products, driving market growth. Additionally, the pharmaceutical industry utilizes squalene in drug formulations. The market`s expansion is attributed to the increasing focus on natural and sustainable ingredients in personal care and healthcare products.
The Vietnam Squalene market is primarily driven by its applications in the cosmetic and pharmaceutical industries. Squalene is a natural compound found in shark liver oil and plant sources and is used in skincare products, dietary supplements, and pharmaceuticals. In the cosmetic industry, squalene is valued for its moisturizing and anti-aging properties, and the increasing beauty-conscious consumer base in Vietnam is fueling its demand. In the pharmaceutical sector, squalene is used in various drug formulations, including vaccines. As the healthcare and cosmetic markets continue to expand, the demand for squalene is expected to rise, making it a key driver in this market.
In the Vietnam Squalene market, challenges arise from the limited availability of raw materials and the dependency on traditional sourcing methods. The market is susceptible to fluctuations in olive oil production, a primary source of squalene. Furthermore, regulatory constraints and quality control issues pose hurdles for market participants. The need for sustainable sourcing practices and the development of alternative production methods are pressing challenges. Additionally, market players must address consumer awareness and education to enhance the understanding of squalene and its benefits.
The Vietnam Squalene market saw a decline in demand during the pandemic, primarily due to disruptions in the cosmetics and healthcare industries. With consumers prioritizing essential goods, the market faced challenges in maintaining pre-pandemic growth rates. However, as the situation stabilizes, there is optimism for a rebound in demand. Market participants are exploring opportunities in the wellness and skincare segments, aiming for sustainable growth in the post-pandemic landscape.
In the Vietnam Squalene market, several key players contribute significantly to the industry`s growth. Companies like Sophim Vietnam Co. Ltd., Amyris, Inc., and Kishimoto Special Liver Oil Co. Ltd. are recognized as key players, showcasing their expertise in the production and distribution of squalene-based products.
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 Vietnam Squalene Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Squalene Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Squalene Market - Industry Life Cycle |
3.4 Vietnam Squalene Market - Porter's Five Forces |
3.5 Vietnam Squalene Market Revenues & Volume Share, By Source Type, 2021 & 2031F |
3.6 Vietnam Squalene Market Revenues & Volume Share, By Vegetable Source, 2021 & 2031F |
3.7 Vietnam Squalene Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Vietnam Squalene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness about the health benefits of squalene in Vietnam |
4.2.2 Increasing demand for natural and organic skincare products |
4.2.3 Rising disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for squalene production in Vietnam |
4.3.2 High production costs associated with squalene extraction and processing |
5 Vietnam Squalene Market Trends |
6 Vietnam Squalene Market, By Types |
6.1 Vietnam Squalene Market, By Source Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Squalene Market Revenues & Volume, By Source Type, 2021-2031F |
6.1.3 Vietnam Squalene Market Revenues & Volume, By Animal-sourced squalene, 2021-2031F |
6.1.4 Vietnam Squalene Market Revenues & Volume, By Vegetable-sourced squalene, 2021-2031F |
6.1.5 Vietnam Squalene Market Revenues & Volume, By Biosynthetic squalene, 2021-2031F |
6.2 Vietnam Squalene Market, By Vegetable Source |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Squalene Market Revenues & Volume, By Olive Oil, 2021-2031F |
6.2.3 Vietnam Squalene Market Revenues & Volume, By Palm Oil, 2021-2031F |
6.2.4 Vietnam Squalene Market Revenues & Volume, By Amaranth Oil, 2021-2031F |
6.3 Vietnam Squalene Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Squalene Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.3 Vietnam Squalene Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Vietnam Squalene Market Revenues & Volume, By Food, 2021-2031F |
6.3.5 Vietnam Squalene Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Squalene Market Import-Export Trade Statistics |
7.1 Vietnam Squalene Market Export to Major Countries |
7.2 Vietnam Squalene Market Imports from Major Countries |
8 Vietnam Squalene Market Key Performance Indicators |
8.1 Number of new product launches containing squalene in the Vietnamese market |
8.2 Consumer perception and awareness of squalene as a skincare ingredient |
8.3 Adoption rate of squalene-infused products in the Vietnamese personal care market |
9 Vietnam Squalene Market - Opportunity Assessment |
9.1 Vietnam Squalene Market Opportunity Assessment, By Source Type, 2021 & 2031F |
9.2 Vietnam Squalene Market Opportunity Assessment, By Vegetable Source, 2021 & 2031F |
9.3 Vietnam Squalene Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Vietnam Squalene Market - Competitive Landscape |
10.1 Vietnam Squalene Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Squalene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |