IMARC Group's report titled "Shark Liver Oil Market Report by Type (Deep Sea Shark, Dogfish, Basking Shark, and Others), Application (Food Industry, Textile, Pharmaceuticals, Fuel, Cosmetic and Personal Care, and Others), Distribution Channel (Direct Sales, Indirect Sales), and Region 2024-2032", The global shark liver oil market size reached US$ 148.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 248.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.91% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/shark-liver-oil-market/requestsample

Factors Affecting the Growth of the Shark Liver Oil Industry:

• Pharmaceutical Applications:

The extensive application of shark liver oil in the pharmaceutical industry is driving market growth. Rich in alkylglycerols and squalene, shark liver oil is vital for developing immune system boosters and adjuvants in vaccine formulations. Alkylglycerols are known to enhance bone marrow activity and increase white blood cell production, which is crucial for immunity and during chemotherapy treatments. The squalene component is used in manufacturing adjuvants that boost vaccine efficacy by enhancing the immune response. With growing health awareness and increasing investments in pharmaceutical research and development (R&D), the demand for shark liver oil is on the rise.

• Cosmetic Industry Demand:

Squalene, a predominant compound in shark liver oil, is highly valued for its moisturizing and antioxidant properties. This compound is essential in the formulation of various skincare products, such as anti-aging creams, moisturizers, and protective balms. The growing trend towards natural and organic cosmetics is further fueling the demand for shark liver oil, as consumers increasingly prefer ingredients derived from nature. As global cosmetic giants aim to align with these consumer preferences, the demand for natural ingredients like shark liver oil continues to rise.

• Nutritional Supplements Sector:

The global trend towards preventive healthcare and wellness is significantly boosting the demand for dietary supplements, with shark liver oil being particularly recognized for its health benefits. This oil is an abundant source of vitamins A and D, which are essential for healthy skin, robust immune function, and strong bones. Growing awareness of the advantages of omega fatty acids, vitamins, and other vital nutrients present in shark liver oil is driving its popularity in the nutritional supplements market. As populations age and the focus on preventing lifestyle diseases increases, more individuals are turning to supplements to maintain their health and avert illnesses.

Leading Companies Operating in the Global Shark Liver Oil Industry:

• Arbee Biomarine Extracts Pvt Ltd
• Bawa Fishmeal & Oil Co.
• EGAO Co. Ltd.
• KISHIMOTO SPECIAL LIVER OIL CO.
• Lýsi hf 
• Norwegian Fish Oil AS.

Shark Liver Oil Market Report Segmentation:

By Type:

• Deep Sea Shark
• Dogfish
• Basking Shark
• Others

Deep sea shark represents the largest segment as it is exceptionally rich in squalene and alkylglycerols, compounds that are scarce in most terrestrial sources.

By Application:

• Food Industry
• Textile
• Pharmaceuticals
• Fuel
• Cosmetic and Personal Care
• Others

Based on the application, the market has been divided into food industry, textile, pharmaceuticals, fuel, cosmetic and personal care, and others.

By Distribution Channel:

• Direct Sales
• Indirect Sales
  • Specialty Stores
  • Pharmaceutical Stores
  • Online Stores
  • Others

On the basis of the distribution channel, the market has been bifurcated into direct sales and indirect sales (specialty stores, pharmaceutical stores, online stores, and others).

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America's dominance in the market is attributed to the rising awareness about the benefits of shark liver oil among the masses.

Global Shark Liver Oil Market Trends:

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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