Squalene Market Set to Reach USD 325.44 Million by 2032 with an 8.9% CAGR

Squalene Market was valued at USD 164.53 Mn in 2024, and total global Squalene Market revenue is expected to grow at a CAGR of 8.9% from 2025 to 2032, reaching nearly USD 325.44 Mn., with plant-based sourcing, clean beauty demands.

Squalene Market Overview:

The Squalene Market is witnessing significant growth driven by its expanding use in pharmaceuticals, cosmetics, and nutraceutical industries. Derived from natural sources such as shark liver oil, olives, sugarcane, and amaranth seed, squalene is valued for its exceptional moisturizing and antioxidant properties. Increasing consumer awareness about skincare and anti-aging products has boosted its demand in the cosmetics sector. Additionally, the shift toward plant-based and sustainable squalene due to ethical and environmental concerns is reshaping market dynamics. Manufacturers are investing heavily in bio-based production methods to meet growing regulatory standards and consumer expectations. With advancements in biotechnology and the growing trend toward clean-label ingredients, the squalene market is expected to continue expanding across developed and emerging economies, positioning itself as a key ingredient in the personal care and healthcare industries.

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Squalene Market Outlook and Future Trends:

The future of the squalene market looks highly promising, fueled by the rising demand for eco-friendly and sustainable alternatives. The shift from shark-derived to plant- and sugarcane-based squalene is a major trend reshaping the industry landscape. The growing consumer inclination toward organic and natural personal care products is likely to accelerate market expansion in the coming years. Moreover, squalene's potential in the pharmaceutical industry, particularly in vaccine adjuvants and immune-boosting formulations, is creating new growth opportunities. Technological advancements in biosynthesis are helping manufacturers enhance yield and purity levels while reducing production costs. Emerging markets in Asia-Pacific and Latin America are expected to witness rapid growth due to increased healthcare spending and evolving lifestyle patterns. Overall, sustainability, innovation, and regulatory compliance are anticipated to define the long-term growth trajectory of the global squalene market.

Squalene Market Dynamics:

The squalene market dynamics are shaped by a combination of demand growth, supply chain innovations, and sustainability challenges. Rising consumer interest in natural ingredients is pushing manufacturers to adopt renewable raw materials and environmentally friendly extraction processes. However, stringent regulations surrounding shark-derived squalene and limited raw material availability pose challenges to industry players. On the other hand, the development of biotechnological synthesis methods, such as microbial fermentation, offers a sustainable and scalable alternative. The cosmetic industry remains the largest consumer of squalene, followed by pharmaceutical applications where it serves as a vaccine adjuvant. Price volatility and production costs continue to influence market competitiveness, but ongoing research into cost-efficient production and diversified sourcing is expected to stabilize market growth. The growing collaboration between biotech firms and cosmetic brands is also fostering innovation and expanding squalene's application base.

Squalene Market Key Recent Developments:

Recent developments in the squalene market highlight a strong shift toward biotechnology-driven production and sustainability initiatives. Leading manufacturers are investing in R&D to enhance bio-sourced squalene yields, reducing dependency on animal-derived sources. Companies like Amyris and Sophim have made notable progress in commercializing sugarcane-based squalene, offering high-quality and ethical alternatives to traditional sources. Regulatory bodies in Europe and North America are supporting the adoption of renewable squalene to ensure environmental compliance and ethical sourcing. The cosmetics industry is increasingly incorporating squalene in premium skincare lines, while the pharmaceutical sector is exploring its role in next-generation vaccine formulations. Strategic partnerships, mergers, and sustainability certifications have become common as companies aim to strengthen their global presence and build consumer trust. These developments reflect a clear market trend toward innovation, transparency, and responsible production practices.

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Squalene Market Segmentation:

by Source Type

Animal
Vegetable Source
Biosynthetic

by End-User

Pharmaceuticals
Personal Care & Cosmetics
Nutraceuticals
Food & Beverages

Some of the current players in the Squalene Market are:

North America
1. Amyris Inc. (U.S.)
2. Seadragon Marine Oils Ltd (New Zealand)
3. Croda Inc. (U.S.)
4. Sophim North America (U.S.)
5. EFP Biotek U.S. (U.S.)
Europe
6. Sophim SAS (France)
7. DSM Nutritional Products (Switzerland)
8. Arista Industries Europe (Germany)
9. Sederma SAS (France)
10. Ekiz Olive Oil and Soap Inc. (Turkey)
11. SOPHARMA AD (Bulgaria)
12. Euskal Seabizkaia S.A. (Spain)
13. A&A Fratelli Parodi Spa (Italy)
Asia Pacific
14. Nikko Chemicals Co., Ltd. (Japan)
15. Kishimoto Special Liver Oil Co., Ltd. (Japan)
16. Carotino Group (Malaysia)
17. SeaDragon Marine Oils Ltd. (New Zealand)
18. Jiaxing Hengjie Bio-Pharmaceutical Co., Ltd. (China)
19. Croda Japan KK (Japan)
20. Shaanxi Pioneer Biotech Co., Ltd. (China)
21. Shanghai Dongzheng Chemical Co., Ltd. (China)
22. Kancor Ingredients Ltd. (India)
Middle East & Africa
23. Istanbul Olive Oil & Derivatives (Turkey)
24. Afrinatural Holdings (South Africa)
25. Desertcart (South Africa)
South America
26. Natura &Co (Brazil)
27. Sabara (Brazil)
28. Bio Extractos (Argentina)
29. Laboratorio LAFEDAR (Argentina)

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