Squalene Market Size & Share, By Source (Animal, Plants, Synthetic), End-use (Pharmaceuticals, Nutraceuticals), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Squalene Market was over USD 152.39 Million in 2023 and is predicted to surpass USD 338.69 Million by end of the year 2032, observing around 11.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 152.39 Million
• CAGR (2024-2032): 11.1%
• Forecast Year Value (2032): USD 338.69 Million
• Historical Data Period: 2019-2023
• Largest Region: Europe
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing demand for natural ingredients in cosmetics and personal care products is expected to drive the growth of the squalene market. Squalene is widely used in skincare products due to its moisturizing and anti-aging properties, which is driving the market growth further.

The rising adoption of squalene in the pharmaceutical industry for the production of vaccines and medicines is another major growth driver for the market. Squalene is known for its immune-boosting properties, making it an essential ingredient in various pharmaceutical products.

The growing awareness about the health benefits of squalene, such as its ability to improve cholesterol levels and reduce the risk of cardiovascular diseases, is also contributing to the market growth. As consumers become more health-conscious, the demand for squalene as a dietary supplement is expected to increase.

Report Scope

Report Coverage	Details
Segments Covered	Source, End-Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Amyris, Sophim SAS, Henry Lamotte Oils, efpbiotek, Vestan Limited, Kuraray Co., LTD., Croda International Plc, Aasha Biochem, Arbee, Oleicfat, s.l., Kishimoto Special Liver Oil

Industry Restraints:

The high cost of squalene production is a major restraint for the market growth. Squalene is primarily sourced from shark liver oil, which is not only expensive but also raises ethical concerns due to the negative impact on marine ecosystems. The high production costs are passed on to the consumers, limiting the market growth.

The limited availability of sustainable sources of squalene is another major restraint for the market. As the demand for squalene continues to rise, the pressure on existing sources such as sharks and olives is increasing, leading to sustainability issues. The lack of viable alternatives for squalene sources is hindering the market growth.

Regional Forecast:

Squalene Market - North America (U.S., Canada):

The North America squalene market is expected to witness significant growth due to increasing demand for squalene-based products in the cosmetic and pharmaceutical industries. The United States and Canada are key contributors to the market, with a growing focus on natural and sustainable ingredients in various applications. Rising consumer awareness regarding the benefits of squalene for skincare and healthcare is driving market growth in this region.

Squalene Market - Asia Pacific (China, Japan, South Korea):

The Asia Pacific squalene market is projected to experience rapid expansion, driven by the presence of major manufacturers and increasing investments in research and development activities. China, Japan, and South Korea are the primary markets in the region, with a strong emphasis on innovation and product differentiation. Growing disposable income and changing consumer preferences towards natural ingredients are expected to propel market growth in the Asia Pacific region.

Squalene Market - Europe (United Kingdom, Germany, France):

The European squalene market is poised for substantial growth, owing to the rising demand for squalene in the food and pharmaceutical sectors. The United Kingdom, Germany, and France are key markets in Europe, with a focus on product quality and safety standards. Increasing adoption of squalene in dietary supplements and personal care products is driving market expansion in the region.

Segmentation Analysis:

In terms of segmentation, the global squalene market is analyzed on the basis of Source, End-Use

Squalene Market Size & Share

Animal Source:

The segment analysis of squalene market by source reveals that the animal source accounts for a significant share in the market. Squalene obtained from animal sources such as shark liver oil is widely used in various industries including pharmaceuticals and cosmetics. The demand for animal-derived squalene is expected to witness steady growth due to its high purity and effectiveness in different applications.

Plants Source:

The plant source segment of the squalene market is also gaining traction, attributed to the growing trend towards plant-based products. Squalene extracted from plant sources like olives and amaranth seeds is considered sustainable and environmentally friendly. The plant source segment is anticipated to witness a surge in demand as consumers increasingly prefer natural and organic ingredients in their products.

Synthetic Source:

The synthetic source segment of the squalene market is characterized by the production of squalene through chemical synthesis. While synthetic squalene offers a cost-effective alternative to animal and plant-derived squalene, it is often considered inferior in quality. The synthetic source segment is projected to exhibit moderate growth, primarily driven by cost considerations in certain end-use industries.

End-Use - Pharmaceuticals:

In terms of end-use, the pharmaceuticals segment dominates the squalene market, fueled by the widespread application of squalene in drug formulation and vaccine development. Squalene is known for its adjuvant properties, enhancing the immune response and efficacy of vaccines. The pharmaceuticals segment is expected to maintain its leading position in the market, supported by ongoing research and development efforts in the healthcare sector.

End-Use - Nutraceuticals:

The nutraceuticals segment of the squalene market is witnessing a surge in demand, as consumers increasingly turn towards health and wellness products. Squalene is recognized for its antioxidant properties and potential health benefits, making it a popular ingredient in dietary supplements and functional foods. The nutraceuticals segment is poised for substantial growth, driven by the rising awareness of preventive healthcare and nutrition among consumers.

Competitive Landscape:

Competitive Landscape:

The Squalene market is highly competitive with key players continuously focusing on product innovation, strategic partnerships, and geographical expansions to gain a competitive edge in the market. Increased demand for squalene in pharmaceuticals, cosmetics, and dietary supplements is driving the market growth, leading to intensified competition among players.

Top Market Players:

- Amyris, Inc.

- SeaDragon Marine Oils Limited

- Sophim

- Kishimoto Special Liver Oil Co. Ltd.

- Maruha Nichiro Corporation

- Empresa Figueirirense de Pesca

- Arista Industries, Inc.

- New Zealand Green Health Ltd.

- Ekiz Olive Oil & Soap Inc.

- Gracefruit Limited