Global Squalene Market 2024

Global Squalene Market 2024

The global squalene market is anticipated to increase by USD 75.5 million till 2030 at an average annual growth of 6.2 percent as per the latest market estimates. Squalene, a colorless, odorless, and non-toxic organic compound derived commercially from shark liver oil, holds significant importance in personal care applications due to its lack of toxicity. Squalane, a hydrogenated variant of squalene, falls within this scope as well. The predominant source of squalene lies in vegetable origins, with olive being a major sub-category within this realm.

Among its various applications, personal care emerges as the largest end-user industry for squalene consumption, driven by its widespread use as a natural moisturizer and antioxidant in skincare products. In 2023, Europe emerged as the leading consumer of squalene, propelled by well-established cosmetic industries and expanding pharmaceutical companies within the region.

The market is fueled by several drivers, including the growth of the cosmetics industry where squalene finds extensive use in products like moisturizers, serums, cleansers, tanning oils, and anti-aging creams. Additionally, the nutraceutical industry's increasing demand for squalene, known for its health benefits such as protecting against heart issues, possessing chemopreventive properties, and supporting skin health, contributes significantly to market expansion. Moreover, the pharmaceutical sector's rising consumption of squalene further augments market growth.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the source, end user , and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global squalene market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for squalene can be segmented by source: animal source, vegetable source, biosynthetic. The vegetable source segment held the largest revenue share in 2023, representing more than 38.2% of the total market.

Squalene market is further segmented by end user : personal care, food, pharmaceuticals, others. Among these, the personal care segment was accounted for the highest revenue generator in 2023, representing more than 70.1% of the total market.

Based on region, the squalene market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Europe held the highest share in the global squalene market. However, Asia-Pacific is forecast to register the highest CAGR during the forecast period 2024 - 2030.

The market research report covers the analysis of key stake holders of the global squalene market. Some of the leading players profiled in the report include Amyris, Inc., Croda International plc, Empresa Figueirense de Pesca, Lda (Efp Biotek), Evonik Industries AG, Gracefruit Limited, Kishimoto Special Liver Oil Co., Ltd., Nucelis LLC, Oleicfat S.L., Sophim SAS, Vestan S.A, Yichun Dahaigui Life Science Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Squalene Industry Analysis:

i.) Source

• Animal source
• Vegetable source
• Biosynthetic

ii.) End user

• Personal care
• Food
• Pharmaceuticals
• Others

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America