Squalene

Global Squalene Market to Reach US$198.3 Million by 2030

The global market for Squalene estimated at US$150.9 Million in the year 2024, is expected to reach US$198.3 Million by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Vegetable-Sourced, one of the segments analyzed in the report, is expected to record a 4.8% CAGR and reach US$100.9 Million by the end of the analysis period. Growth in the Animal-Sourced segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$39.6 Million While China is Forecast to Grow at 8.0% CAGR

The Squalene market in the U.S. is estimated at US$39.6 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.9 Million by the year 2030 trailing a CAGR of 8.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Squalene Market - Key Trends and Drivers Summarized

Why Is Squalene Gaining Popularity in the Health and Beauty Industry?
Squalene, a natural organic compound found in shark liver oil, olives, and amaranth seed oil, is gaining significant popularity in the health and beauty industry for its moisturizing, anti-aging, and antioxidant properties. Widely used in cosmetics, personal care, and pharmaceutical products, squalene serves as an emollient, hydrator, and skin barrier enhancer, making it an ideal ingredient for skincare, haircare, and anti-aging formulations. The increasing consumer demand for natural, plant-based, and sustainable ingredients is driving the adoption of squalene in a range of products, from serums and creams to dietary supplements. As the awareness of the benefits of squalene grows, manufacturers are exploring innovative ways to incorporate this compound into new health and beauty formulations, expanding its market potential.

How Are Innovations in Squalene Production and Sourcing Shaping the Market?
Innovations in squalene production and sourcing are significantly shaping the market, enabling more sustainable, ethical, and scalable supply chains. With concerns over the environmental impact of shark-derived squalene, the industry is rapidly shifting towards plant-based, bio-based, and synthetic alternatives. Advances in biotechnology, such as microbial fermentation, are allowing for the production of high-purity, bioidentical squalene from yeast and microalgae, eliminating the need for animal-derived sources. These innovations not only support the growing demand for vegan and cruelty-free products but also enhance supply chain stability and reduce cost volatility. Moreover, new methods for extracting and purifying squalene from plant sources, such as sugarcane and olives, are providing manufacturers with diverse and sustainable options, supporting the growth of the squalene market.

Which Market Segments Are Driving the Growth of the Squalene Industry?
Sources of squalene include animal-based (shark liver oil), plant-based (olive oil, amaranth oil), and synthetic (bio-fermentation), with plant-based squalene holding the largest market share due to rising demand for sustainable, vegan, and ethical ingredients. Applications of squalene span cosmetics, pharmaceuticals, food and nutraceuticals, with cosmetics being the dominant segment due to the high demand for moisturizing, anti-aging, and antioxidant products. End-use industries include personal care, pharmaceuticals, food and beverages, and dietary supplements, with personal care leading the market due to the increasing focus on natural, clean-label, and eco-friendly formulations. Geographically, North America, Europe, and Asia-Pacific are the largest markets for squalene, driven by strong demand from the cosmetics and personal care sectors, as well as rising consumer awareness of health and wellness.

What Are the Key Drivers of Growth in the Squalene Market?
The growth in the squalene market is driven by several factors, including rising demand for natural, sustainable, and vegan ingredients in cosmetics and personal care, technological advancements in squalene extraction, purification, and production, and the increasing adoption of squalene in nutraceuticals, pharmaceuticals, and functional foods. The need to provide high-quality, high-purity, and bioidentical squalene for various skincare, haircare, and health formulations is driving the demand for squalene across multiple sectors. Technological innovations in bio-fermentation, plant-based extraction, purification processes, and sustainable sourcing, coupled with advancements in biotechnology, ingredient science, and clean-label formulations, are enhancing the stability, scalability, and marketability of squalene, supporting market growth. The expansion of squalene applications in immune health, dietary supplements, sports nutrition, and pharmaceutical delivery systems, along with the growing emphasis on ethical sourcing, traceability, and transparency, is creating new opportunities for market players. Additionally, the focus on developing high-purity, high-stability, and multi-functional squalene solutions for diverse health and beauty applications is further propelling the growth of the squalene market.

SCOPE OF STUDY:

The report analyzes the Squalene market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Vegetable-Sourced, Animal-Sourced, Biosynthetic); End-Use (Cosmetics, Food, Pharmaceuticals, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• Empresa Figueirense De Pesca (EFPBIOTEK)
• Kishimoto Special Liver Oil Co. Ltd.
• Nature`s Life NZ Limited
• New Zealand Green Health Ltd.
• Pharmsville Co., Ltd.
• SeaDragon Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

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