Shark Liver Oils Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027
The global shark liver oils market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to boost the market growth includes the rising awareness regarding traditional uses and benefits of this oil. The shark liver oil is rich in squalene and nowadays the demand for squalene is increasing as it is used in cosmetics, health food, and machine oils. Squalene is also used as a bactericide, in the manufacture of pharmaceuticals, chemicals, organic coloring matter, aromatics, rubber, in natural and artificial silk and surface active agents.
Recently, shark liver oil is
extensively used as an additive in pharmaceutical preparations, cosmetics, and
health foods, which in turn, fuels the demand for shark liver oil. Shark liver
oil traditionally has been used for centuries to enhance the human immune
system. It is used to boost the immune system which assists in healthy aging.
Shark liver oil is also used to support immunity at the time of pregnancy, improve
vascular health and lower muscle wasting. Owing to all these benefits and usage
of shark liver oil, its application has been increased significantly, which in
turn, is driving the global shark liver oils market.
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Shark Liver Oil is derived
from the livers of the deep water sharks and shows some properties in fighting
cancer and strengthening the immune system. The oil is obtained from the
several different species of shark which includes the deep sea shark (Centrophorus
squamosus), the dogfish shark (Squalus acanthias), and the basking shark
(Cetorhinus maximus). It also supports treat cancer, skin conditions,
respiratory diseases, radiation sickness and others. It contains squalene,
vitamins, cholesterol, fatty acids and others. Due to the high concentration of
squalene in the oil, it is was earlier extracted by the Scandinavian fishermen
to treat different diseases and ailments. Shark liver oil has visible
inhibitory actions in the human urinary bladder cancer cells, human kidney
cancer, as well as sarcoma.
Market Coverage
•
The market number available for – 2020-2027
•
Base year- 2020
•
Forecast period- 2021-2027
Segment Covered-
·
By Type
·
By Application
Regions covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Competitive Landscape: Arbee Biomarine Extracts Pvt
Ltd., Bawa Fishmeal & Oil Co., and EGAO Co. Ltd., among others.
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Global Shark Liver Oils Market Report by Segment
By Type
• Deep
Sea Shark
• Dog
Fish
• Basking
Shark
• Others
By Application
• Food Industry
• Textile
• Pharmaceuticals
• Fuel
• Cosmetic
• Personal
Care
Global Shark Liver Oils Market Report by Region
Regional
Analysis
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
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