Squalene Market Set to Surge to $263.04 Million by 2033 at a 6.84% CAGR

Market Overview:

The squalene market is experiencing rapid growth, driven by rising demand for natural and organic cosmetics, expanding applications in pharmaceuticals, and growing popularity of nutraceuticals. According to IMARC Group's latest research publication, "Squalene Market Size, Share, Trends and Forecast by Source Type, Application, and Region, 2025-2033", the global squalene market size was valued at USD 154.98 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 263.04 Million by 2033, exhibiting a CAGR of 6.84% from 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

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Our report includes:

● Market Dynamics
● Market Trends And Market Outlook
● Competitive Analysis
● Industry Segmentation
● Strategic Recommendations

Growth Factors in the Squalene Market

● Rising Demand for Natural and Organic Cosmetics

The rising consumer trend toward natural and organic ingredients in cosmetics is a key market impetus for squalene. Consumers are growing more conscious about the possible side effects of synthetic chemicals and are beginning to demand that products "be good to the Earth and good to my skin." Squalene is gaining traction as a preferred ingredient because of its moisturizing and antiaging benefits, particularly in skincare product categories (e.g., formulations like serums, creams, and lotions). Some branded companies (e.g., L'Oréal) have even launched premium versions of their skincare lines with plant-based squalene to capitalize on the clean beauty movement, and the demand for natural products is rapidly growing in markets such as Europe and North America, which embrace regulations that support sustainable products in cosmetics. The trend toward sustainable sourcing also aligns with consumers' values, and brands are eager to verify that they sourced sustainably (e.g., olive oil-based squalene). Sustainable sourcing of squalene is seen primarily as an opportunity for high-end cosmetic products.

● Expanding Applications in Pharmaceuticals

The pharmaceutical industry is focused on Squalene as a growth driver primarily as adjuvants in vaccine formulations. The recent vaccine formulations exhibit effectiveness due to Squalene's ability to induce immune response, and studies indicate it is widely used in Covid-19 vaccine formulations. Additionally, as its efficacy as an antioxidant is being evaluated in the treatment of cancer, cardiovascular health, and studies demonstrate the efficacy of Squalene in decreasing cholesterol levels. Many pharmaceutical companies such as Amyris are now engaged in developing pharmaceutical formulations to incorporate squalene and developing new sustainable production methods. The global prevalence of chronic disease and increasing focus on preventative health care, if anything, will increase demand for squalene as a key ingredient in drug development in the pharmaceutical industry.

● Growing Popularity of Nutraceuticals

The rising interest in health and wellness has fueled the demand for nutraceuticals, where squalene is gaining traction due to its immune-boosting and anti-inflammatory properties. Consumers are increasingly turning to dietary supplements to support overall health, particularly in regions like the UAE, where vitamin deficiencies are prevalent. Squalene is incorporated into functional foods and supplements targeting immune health and inflammation management. For example, NutriLeads introduced BeniCaros, a prebiotic fiber with immune support benefits, highlighting the trend of integrating squalene into diverse formulations. This growing consumer awareness, coupled with rising disposable incomes in emerging markets like Asia-Pacific, drives the squalene market's expansion in the nutraceutical sector.

Key Trends in the Squalene Market

● Shift Toward Plant-Based Squalene

A theme making waves in the squalene market is the switch to plant-based sources instead of animal sources (shark liver oil) because of ethical concerns and sustainability. The horrible and unsustainable nature of shark fishing has resulted in a pet-tion for change. India has already made regulatory barriers for certain shark extractions by utilizing their Wildlife Protection Act of 1972. Companies like Sophim have invested heavily into producing squalene from plants; in 2023 they invested €20 million to increase their plant-derived capacity. All of this is occurring alongside the demand for vegan and cruel free products, as a result of eco-conscious consumers specifically in the cosmetics industry, along with the market's approaches to sourcing particular products.

● Advancements in Extraction Technologies

Technological innovations in squalene extraction and production are transforming the market. Advances in bioengineering and fermentation processes allow for more sustainable and cost-effective production of biosynthetic squalene. For instance, Amyris uses sugarcane fermentation to produce its Neossance® squalene, a high-purity, eco-friendly alternative widely used in cosmetics. These advancements address challenges like raw material scarcity and high production costs, ensuring a steady supply of squalene. The focus on scalable, environmentally friendly methods is particularly significant in Europe, where stringent regulations encourage sustainable practices. Such innovations enhance product quality and support the market's growth by meeting consumer demand for ethical and efficient production.

● Increasing Focus on Personalized Beauty Products

Individualised beauty products are a primary trend for taking squalene into the marketplace. Buyers are now looking for skin care that is personalized to meet a specific need for anti-aging, hydration, moisturizing, etc. Squalene's versatility and biocompatibility make it an excellent choice for encasing into custom products directly like serums, moisturizers, creams and sunscreens. For example, companies are using squalene for its moisturising characteristics in the development of custom anti-ageing creams or moisturizers, an extreme popular trend in Japan and Korea, and with the rise of global consumer awareness and "spending power," providing companies with the ability to create products whilst considering the individualisation factor, which includes formulations containing squalene as a form of niche, high performance products, nothing that market awareness will perpetuate demand and commercialize the squalene position further.

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Leading Companies Operating in the Global Squalene Industry:

● Amyris Inc.
● Arbee Agencies
● Arista Industries Inc.
● Empresa Figueirense De Pesca Lda
● Gracefruit Limited
● Kishimoto Special Liver Oil
● Maruha Nichiro Corporation
● Nucelis Inc. (Cibus Ltd.)
● SeaDragon Marine Oils Limited
● Sophim
● VESTAN Squalene Hydrogenation and Purification

Squalene Market Report Segmentation:

By Source Type:

● Animal
● Vegetable
● Synthetic

Animal-derived squalene is primarily sourced from shark liver and some deep-sea fish, widely used in cosmetics for moisturizing and as a vaccine adjuvant, with 90% of shark liver oil production catering to the cosmetic industry.

By Application:

● Cosmetics
● Food
● Pharmaceuticals
● Others

The cosmetics sector dominates the squalene market with a 73.4% share in 2024, valued for its emollient, antioxidant, and anti-inflammatory properties that protect and soothe the skin, as evidenced by research showing squalene reduces oxidation significantly.

Regional Insights:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

In 2024, Europe leads the squalene market with over 34.8% share, driven by increased awareness of skincare benefits and a preference for natural ingredients, as highlighted by a study indicating a high prevalence of skin diseases in the region.

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Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

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