Squalene Market By Source (Animal, Vegetable, Biosynthetic), By End Use (Cosmetics, Food, Pharmaceuticals), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Squalene Market was valued at USD 141.3 billion in 2023-e and will surpass USD 210.1 billion by 2030; growing at a CAGR of 5.8% during 2024 - 2030. This growth trajectory is primarily attributed to the rising demand for natural and organic ingredients in personal care products and the increasing adoption of squalene in healthcare applications.

The squalene market is experiencing significant growth driven by its diverse applications across various industries, including cosmetics, pharmaceuticals, and food supplements. Squalene, a natural organic compound found in various sources such as shark liver oil and olive oil, is recognized for its moisturizing properties and health benefits.

The rising consumer awareness regarding the benefits of natural ingredients has fueled the demand for squalene in the cosmetics industry, where it is utilized as an emollient and skin-conditioning agent. Additionally, squalene's potential as an adjuvant in vaccines and its use in pharmaceutical formulations are gaining traction. The shift towards sustainable sourcing and production methods is also influencing market dynamics, with manufacturers seeking alternative sources of squalene to reduce reliance on shark-derived products. This trend is expected to play a pivotal role in shaping the future of the squalene market.

Cosmetics Segment is Largest Owing to Increasing Demand for Natural Ingredients

The cosmetics segment of the squalene market is the largest, owing to the growing consumer preference for natural and organic personal care products. Squalene's exceptional moisturizing properties and skin benefits make it a sought-after ingredient in a wide range of cosmetics, including creams, serums, and foundations. With consumers becoming increasingly conscious of the ingredients in their beauty products, the demand for squalene as a safe, effective, and natural moisturizer is surging.

Moreover, the cosmetics industry is witnessing a significant shift towards clean beauty formulations, which further enhances the appeal of squalene. Brands are increasingly incorporating squalene into their product lines to meet consumer demand for transparency and sustainability. The segment's dominance is also supported by continuous innovation and product development, as manufacturers explore new formulations that leverage squalene's properties. This growing trend towards natural ingredients ensures that the cosmetics segment remains a key driver of the squalene market.

Pharmaceuticals Segment is Fastest Growing Owing to Rising Applications in Drug Formulations

The pharmaceuticals segment is the fastest-growing segment within the squalene market, driven by the increasing utilization of squalene in drug formulations and vaccine development. Squalene is recognized for its immunostimulatory properties, making it an important adjuvant in vaccine formulations. The recent global health challenges have accelerated the demand for effective vaccines, leading to a surge in the use of squalene in the pharmaceutical industry.

Additionally, squalene is being explored for its potential health benefits, including its role in cancer treatment and its antioxidant properties. Research and development activities are intensifying, focusing on incorporating squalene into innovative drug delivery systems. As the pharmaceutical industry continues to prioritize effective and safe formulations, the demand for squalene as a key ingredient is expected to rise significantly, positioning this segment for rapid growth in the coming years.

Food & Beverages Segment is Largest Owing to Health Benefits

The food and beverages segment is the largest in the squalene market, primarily due to the recognized health benefits associated with squalene consumption. Squalene is often utilized as a dietary supplement, known for its potential to enhance immune function, provide antioxidant support, and promote overall health. The growing awareness of the importance of nutrition and wellness is driving consumers to seek out supplements that offer natural ingredients with health benefits, leading to increased demand for squalene.

Moreover, the trend towards clean label products and the rising popularity of functional foods are fueling the growth of this segment. Manufacturers are increasingly incorporating squalene into their formulations, offering consumers products that not only provide nutrition but also support health and well-being. This alignment with consumer preferences for health-oriented products positions the food and beverages segment as a significant player in the squalene market.

North America is Largest Region Owing to High Demand for Natural Ingredients

North America is the largest region in the squalene market, driven by the high demand for natural and organic ingredients in personal care and pharmaceutical products. The region has witnessed a significant shift towards clean beauty trends and sustainable sourcing, leading to increased adoption of squalene in cosmetics and personal care formulations. The presence of established cosmetic brands and innovative startups focused on natural products further contributes to the region's market dominance.

Additionally, the pharmaceutical sector in North America is robust, with ongoing research and development efforts to integrate squalene into drug formulations and vaccine production. The regulatory environment supporting the use of natural ingredients in health products also enhances the region's attractiveness for squalene manufacturers. As consumers in North America continue to prioritize health and wellness, the demand for squalene is expected to remain strong, solidifying its position as a leading region in the global squalene market.

Top 10 Companies and Competitive Landscape

The squalene market features a competitive landscape with several leading companies striving for innovation and sustainability. The top players in this market include:

1. Nucelis, LLC
2. Kraton Corporation
3. Amyris, Inc.
4. Seppic
5. Shark Liver Oil S.A.
6. MediKarma
7. Squalene International
8. EFP (Ester Financial Products)
9. Sophim
10. Kanegrade Ltd.

These companies are actively investing in research and development to enhance their product offerings and expand their market share. The competitive landscape is characterized by a strong focus on sourcing squalene from sustainable and alternative sources, such as plant-based oils, to meet consumer demands for eco-friendly products. Strategic partnerships and collaborations are also common as companies aim to leverage complementary strengths and drive innovation in the squalene market. As the demand for natural ingredients continues to rise, these top players are well-positioned to capture growth opportunities and solidify their leadership in the squalene market.

Report Objectives

The report will help you answer some of the most critical questions in the Squalene Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the Squalene Market?
3. What is the size of the Squalene Market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: