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Squalene Market Size (2024 - 2029)

The squalene market is projected to experience growth over the forecast period, driven by the expanding cosmetics and nutraceutical industries. Despite the initial negative impact of the COVID-19 pandemic, which temporarily halted manufacturing and reduced demand, the need for squalene in vaccine adjuvants boosted its market presence. Concerns over shark killing and limitations may hinder market expansion, while research into squalene's oncology applications presents potential opportunities. Europe holds the largest market share and is expected to maintain its dominance.

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Market Size of Squalene Industry

Squalene Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 163.46 Million
Market Size (2029) USD 218.33 Million
CAGR (2024 - 2029) 5.96 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration High

Major Players

Squalene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Squalene Market Analysis

The Squalene Market size is estimated at USD 163.46 million in 2024, and is expected to reach USD 218.33 million by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).

  • The growing demand for squalene from the cosmetics sector and pharmaceutical industry is the major factor driving the demand for the market studied.
  • However, concerns about shark killing and limitations are likely to restrain the market’s growth.
  • Nevertheless, the research and development on squalene for oncology uses is expected to create new opportunities for the market in the coming years.
  • Europe accounted for the highest market share and is likely to dominate the market during the forecast period.

Squalene Industry Segmentation

Squalene, a colorless and odorless organic compound, is commercially extracted from shark liver oil and is non-toxic. Due to its non-toxic nature, squalene has extensive applications in personal care. In the cosmetics industry, squalene oil combats free radicals, which are known to damage the skin and accelerate aging. Furthermore, squalene serves as an ingredient in adjuvants for various vaccines, such as those for influenza and COVID-19, boosting their efficacy.

The squalene market is segmented by source, end-user industry, and geography. By source, the market is segmented into animal source, vegetable source, biosynthetic, and other sources. By end-user industry, the market is segmented into cosmetics, food, pharmaceuticals, and other end-user industries. The report also covers the market size and forecasts for the squalene market in 27 countries across major regions. For each segment, the market size and forecasts are provided on the basis of value (USD).

By Source
Animal Source
Vegetable Source
Biosynthetic
Other Sources
By End-user Industry
Cosmetics
Food
Pharmaceuticals
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
NORDIC Countries
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
Qatar
United Arab Emirates
Nigeria
Egypt
South Africa
Rest of Middle East and Africa
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Squalene Market Size Summary

The squalene market is poised for significant growth over the forecast period, driven by its increasing application in the cosmetics and nutraceutical industries. Squalene is a key ingredient in high-end skincare products, known for its moisturizing and rejuvenating properties, making it a popular choice in anti-aging products and various cosmetics. The global cosmetics market, particularly in regions like Europe, continues to thrive, with consumers increasingly favoring natural and ingredient-based products. This trend is further bolstered by the aging population's demand for anti-aging solutions. Despite challenges such as concerns over shark killing and limitations in sourcing, the market is expected to benefit from ongoing research and development, particularly in oncology applications, presenting new opportunities for growth.

Europe stands out as the dominant region in the squalene market, supported by its well-established cosmetic and pharmaceutical industries. Countries like Germany and the United Kingdom are key players, with robust demand from the cosmetic and personal care sectors. The region's market is further strengthened by the presence of major industry players and a growing interest in dietary supplements. The market's consolidated nature, with leading companies like Amyris, Inc. and Sophim, continues to shape its landscape. Recent developments, such as the introduction of non-animal-derived squalene and partnerships for biotechnology-derived squalene, highlight the industry's commitment to sustainable and innovative solutions, ensuring a steady supply to meet the rising demand.

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Squalene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Demand from Cosmetics Sector

      2. 1.1.2 Rising Demand from the Pharmaceutical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Shark Killing Concerns and Limitations

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Source

      1. 2.1.1 Animal Source

      2. 2.1.2 Vegetable Source

      3. 2.1.3 Biosynthetic

      4. 2.1.4 Other Sources

    2. 2.2 By End-user Industry

      1. 2.2.1 Cosmetics

      2. 2.2.2 Food

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Other End-user Industries

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC Countries

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 Qatar

        3. 2.3.5.3 United Arab Emirates

        4. 2.3.5.4 Nigeria

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 South Africa

        7. 2.3.5.7 Rest of Middle East and Africa

Squalene Market Size FAQs

The Squalene Market size is expected to reach USD 163.46 million in 2024 and grow at a CAGR of 5.96% to reach USD 218.33 million by 2029.

In 2024, the Squalene Market size is expected to reach USD 163.46 million.

Squalene Market Report Snapshots

Squalene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)