Squalene Market reaching nearly USD 233.24 Million by 2030.

Market Growth Fueled by Increasing Demand for Cosmetics and Pharmaceuticals.

The Global Squalene Market size was valued at USD 151.08 Million in 2023 and the total Squalene revenue is expected to grow at a CAGR of 6.4% from 2023 to 2030, reaching nearly USD 233.24 Million by 2030. This trajectory represents a CAGR of 6.4% during the forecast period between 2023 and 2030. High demand for natural cosmetics & personal care products, extraction advanced technologies, and better health focus & wellness are the key factors propelling the market growth.

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Introduction to the Market and Their Definition

Squalene is a natural, organic compound you can find in different human tissues and is classified as a triterpene hydrocarbon. It plays a role as a biochemical precursor to the synthesis of several steroid hormones in plants and animals. Squalene - which was once isolated from shark liver oil - is nowadays mostly sourced from plant ingredients such as olive oil, amaranth oil, wheat germ, and rice bran, supplying sustainable and ethical alternatives. Due to its emollient as well as antioxidant properties, it is a key component in cosmetics, as well as pharmaceuticals as well as nutraceuticals.

Market Drivers and Opportunities for Growth

The growth of the squalene market can be attributed to several driving factors:

Increasing Applications in Cosmetics and Personal Care: The moisturizing and anti-aging properties of squalene have increased its application in the cosmetics industry, especially skincare products like moisturizers, creams, and serums. Driven by consumer demand for natural effective skincare solutions.

Better Extraction Technologies: New technologies of extraction have increased the yield and purity of squalene from plant-based sources, which limits the use of animal-derived one and promotes progressive practices.

Health and wellness trends: As consumers become more health-conscious, they are increasingly seeking out supplements that contain squalene, due to its potential to promote immune function and antioxidant activity.

Pharmaceutical uses include the use of squalene as an adjuvant in vaccine formulations and in drug delivery systems to increase the amount of active pharmaceutical ingredients . The therapeutic properties have been researched more now and it brings opportunities for exploring different pharmaceutical options.

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Segmentation Analysis

The segmentation of the squalene market includes the basis of source, application, and region.

By Source:

Animal-Derived: Historically derived from shark liver oil, this source is diminishing due to sustainability issues and regulatory prohibitions.

Vegetal: olive oil, amaranth oil, wheat germ and rice bran With an increase in ethical concerns and the fact that many people today prefer to buy vegan products, plant-based squalene is becoming more and more popular among raw material suppliers.

Synthetic: Squalene produced in a lab provides a uniform composition and eliminates the risk of overreliance on fossil sources.

By Application:

Cosmetics and Personal Care: It is the most significant segment attributed to demand for skincare products containing squalene which is known for its emollient and antioxidant properties.

Pharmaceuticals: Squalene serves to stimulate booster effects in vaccine adjuvants as well as in several drug delivery systems.

Country-Level Analysis

United States: Growth in the U.S. market is driven by heightened awareness among consumers about natural and sustainable products. Demand for squalene is bolstered by the healthy cosmetics industry and continued pharmaceutical research.

Germany: With the market led by environmental sustainability, Germany market is supported by stringent regulations for such products and by eco-preferable consumer base. The market is growing due to the presence of major market players and continuous innovation in plant-based squalene extraction.

Competitive Landscape

The squalene market contains many prominent players who are emphasizing on innovation, sustainability as well as strategic partnerships. Notable companies include:

Amyris, Inc. (US): One of the few synthetic biology companies dedicated to squalene, Amyris offers sustainable squalene produced from biofermentation processes that deliver high purity and consistent supply.

SOPHIM (France) - SOPHIM specializes in plant-based squalene and focuses on eco-extraction methods while marketing a variety of squalene products for cosmetics and pharmaceutics.

Merck KGaA (Germany): Active in life sciences, Merck offers high-grade squalene types for pharmaceuticals applications with an eye for purity and regulatory compliance.

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Kishimoto Special Liver Oil Co., Ltd. (Japan): Kishimoto has long been producing squalene, including animal-based and plant-based squalene to serve different industries.

Conclusion

Market Insights A lot of key athletes are joining in to sustain the key story of the beauty, health and sustainability trends, and this is fostering a significant increase in the global squalene market. With consumers increasingly concerned about the sourcing of ingredients and better extraction and production technologies it is natural that this has led to expanding applications of the ingredient across the cosmetics, pharmaceuticals and the nutraceutical sectors. It also calls on stakeholders along the supply chain to invest in research, development and sustainable practices, to ensure they can meet this growing demand for squalene.

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