Global Squalene Market Insights Forecasts to 2032

• The Squalene Market Size was valued at USD 1.3 Billion in 2022.
• The Market Size is Growing at a CAGR of 8.1% from 2022 to 2032
• The Global Squalene Market is expected to reach USD 2.5 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

Get more details on this report -

Request Free Sample PDF

The Global Squalene Market is expected to reach USD 2.5 Billion by 2032, at a CAGR of 8.1% during the forecast period 2022 to 2032.

 

The market has undergone a significant change away from animal-based squalene, which is frequently derived from shark liver oil, and towards plant-based substitutes. Due to concerns about sustainability and ethical reasons, olive oil, amaranth seed oil, and other plant sources are becoming more and more popular. In the cosmetic and personal care industries, squalene is frequently utilised. It is a sought-after component in skincare products due to its moisturising qualities and compatibility with the natural oils of the skin. The market for squalene has expanded in part because of consumer demand for sustainable and natural cosmetic components. Additionally, squalene is used in the pharmaceutical sector. As an adjuvant, it boosts the immunological response during the vaccination process. This is especially important now that vaccines are being developed and distributed.

 

Squalene Market Value Chain Analysis

Shark liver oil is one of the raw ingredients used to make animal-based squalene. But as sustainability gains popularity, there's a movement towards plant-based supplies like amaranth seed oil and olive oil. To obtain squalene, the raw components go through extraction procedures. Different sources may require different extraction techniques. For instance, centrifugation and pressing are used to extract olive oil. Then, squalene is added to a variety of goods. It is utilised in skincare products like as anti-aging creams and moisturisers in the cosmetics business. Products containing finished squalene are supplied to a range of customers and sectors. Transportation, warehousing, and logistics are involved. End users of squalene-containing products benefit from its advantages in skincare and other uses.

 

Squalene Market Opportunity Analysis

There's a big market for squalene sourced from plants since people are choosing more natural and sustainable ingredients for their medications and cosmetics. Given its moisturising and skin-repairing qualities, squalene has a huge market opportunity as the cosmetics industry places an increasing emphasis on anti-aging and skincare products. Due to the fact that squalene is used as an adjuvant in vaccine manufacture to boost immune response, the growing global demand for vaccines creates a growth opportunity for this market. It can be very profitable to investigate and grow into emerging areas where there is a growing middle class and more consumers spending money on healthcare and personal care items. It can be profitable to investigate and grow into developing economies where there is a growing middle class and more money being spent on personal hygiene.

 

Market Dynamics

Squalene Market Dynamics

 

Growth in the cosmetic industry

Customers are shifting more and more towards sustainable and natural products. Squalene is in demand as an ingredient in cosmetic formulations because it fits these trends, particularly when it comes from plant-based sources like olive oil. Squalene is prized for its superior moisturising qualities and capacity to imitate the natural oils found in the skin. Because of this, it's a crucial component of skincare products including serums, anti-aging creams, and moisturisers. Customers are becoming more conscious of the value of skincare and the components found in cosmetics. Due to its benefits for the skin, squalene has grown in popularity as people become more aware of the goods they use. Dermatologists frequently suggest squalene because of how calming and moisturising it is for the skin. Its incorporation into a range of skincare formulas is facilitated by this professional recommendation.

 

Restraints & Challenges

Customers are shifting more and more towards sustainable and natural products. Squalene is in demand as an ingredient in cosmetic formulations because it fits these trends, particularly when it comes from plant-based sources like olive oil. Squalene is prized for its superior moisturising qualities and capacity to imitate the natural oils found in the skin. Because of this, it's a crucial component of skincare products including serums, anti-aging creams, and moisturisers. Customers are becoming more conscious of the value of skincare and the components found in cosmetics. Due to its benefits for the skin, squalene has grown in popularity as people become more aware of the goods they use. Dermatologists frequently suggest squalene because of how calming and moisturising it is for the skin. Its incorporation into a range of skincare formulas is facilitated by this professional recommendation.

 

Regional Forecasts

North America Market Statistics

Get more details on this report -

Request Free Sample PDF

North America is anticipated to dominate the Squalene market from 2023 to 2032. Plant-based sources of squalene have seen a significant shift in the North American market due to growing customer preference for natural ingredients and concerns about sustainability. In North America, the cosmetic and personal care industries are where squalene is most in demand. Due to its ability to moisturise skin and work well with natural skin oils, it is a widely used ingredient in skincare products. North American consumers are being more conscious of the components in the skincare products they use. The market for squalene has grown as a result of consumer desire for goods made with sustainable and natural ingredients. The desire for goods that enhance general wellbeing, such as skincare products containing advantageous components like squalene, has been driven by North American health and wellness trends.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2032. The cosmetic and personal care market is thriving in the Asia-Pacific area, and rising consumer interest in skincare and cosmetics has increased demand for squalene. Many Asian societies have strong skincare traditions and place a high value on keeping skin looking young and healthy. The desire for skincare products, especially those containing squalene, is fueled by this cultural factor. The Asia-Pacific market is seeing a growing trend towards natural and sustainable components, much like other areas. As a result, interest in squalene derived from plants has grown. The Asia-Pacific area has experienced economic expansion, which has led to an expanding middle class with rising purchasing power. This has helped the market for personal care and cosmetics to expand.

 

Segmentation Analysis

Insights by Type

The animal source segment accounted for the largest market share over the forecast period 2023 to 2032. Increasing consumer knowledge of ethical and environmental issues has affected their shopping choices. Nowadays, a growing number of consumers are more likely to select goods that employ squalene derived from plants, demonstrating a preference for cruelty-free and eco-friendly items. The market has reacted well to the availability of plant-based squalene, with businesses positioning these goods as compliant with ethical standards and beneficial to the environment.

Insights by End Use

Cosmetics segment is witnessing the fastest market growth over the forecast period 2023 to 2032. Due to its superior moisturising qualities, squalene is frequently used in skincare products. It is a component of many formulations, including creams, lotions, and serums, and it helps to increase skin moisture. Because of its superior moisturising qualities, squalene is frequently used in skincare products. It is a component of many formulations, including creams, lotions, and serums, and it helps to increase skin moisture. There has been a trend in the cosmetics business towards clean and natural beauty products. Squalene fits in well with these trends and appeals to consumers looking for natural substitutes, especially when made from plant sources like olive oil. Due to their ability to moisturise and calm the skin, dermatologists frequently advise using skincare products containing squalene. This expert recommendation expands the market for squalene in the cosmetics sector.

 

Recent Market Developments

• In October 2020, Amyris announced that it would get a commercial licence to start producing substitute squalene and supplying samples of non-shark squalene to pharmaceutical firms producing adjuvants for vaccines such the influenza and COVID-19 vaccines.

 

Competitive Landscape

Major players in the market

• Sophim
• Amyris
• Arista Industries Inc.
• SeaDragon Marine Oils Limited
• Kishimoto Special Liver Oil Co. Ltd.
• Ekiz Olive Oil & Soap Inc.
• Nucelis LLC.

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

Squalene Market, Type Analysis

• Animal Source
• Vegetable Source

Squalene Market, End User Analysis

• Cosmetic
• Food

Squalene Market, Regional Analysis

• North America

• US

• Canada

• Mexico

• Europe

• Germany

• Uk

• France

• Italy

• Spain

• Russia

• Rest of Europe

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• South America

• Brazil

• Argentina

• Colombia

• Middle East & Africa

• UAE

• Saudi Arabia

• South Africa