Squalane Market Witnesses Strong Growth Driven by Clean Beauty, Sustainability, and Pharmaceutical Demand | Valuates Reports

Squalane Market Size
The global market for Squalane was valued at US$ 143 million in the year 2024 and is projected to reach a revised size of US$ 211 million by 2031, growing at a CAGR of 5.8% during the forecast period.

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The Squalane Market is experiencing robust growth as demand surges for highly stable, skin-identical, and non-comedogenic emollients across cosmetics, personal care, and pharmaceutical applications. Traditionally derived from shark liver oil, the market is undergoing a decisive shift toward phyto-based and synthetic squalane, driven by sustainability concerns, regulatory pressure, and rising consumer preference for cruelty-free and plant-derived ingredients.

By type, phyto squalane-sourced from sugarcane, olives, and other renewable feedstocks-dominates market growth due to its eco-friendly profile, superior purity, and compatibility with clean-label beauty formulations, while synthetic squalane is gaining traction for its consistent quality and scalability in pharmaceutical and dermatological applications. Shark-derived squalane, though historically significant, continues to decline as brands and regulators phase out animal-based sourcing.

In terms of application, cosmetics and personal care account for the largest share, fueled by expanding use in skincare, haircare, anti-aging, and dermocosmetic products, where squalane is valued for its moisturizing, barrier-repair, and sensory-enhancing properties. The pharmaceutical industry represents a fast-growing segment, leveraging squalane in drug delivery systems, vaccine adjuvants, topical therapeutics, and medical-grade formulations due to its biocompatibility and chemical stability.

Regionally, North America and Europe lead consumption, supported by strong demand for premium skincare, clean beauty products, and pharmaceutical innovation, along with stringent sustainability standards. The Asia-Pacific region, led by China, Japan, South Korea, Taiwan, and India, is the fastest-growing market, driven by booming cosmetics manufacturing, K-beauty and J-beauty trends, and rising disposable incomes. Latin America, particularly Brazil and Mexico, is emerging as a key growth region with increasing adoption of natural and multifunctional cosmetic ingredients.

Key players operating in the global Squalane Market include Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Clariant, The Innovation Company, Henry Lamotte Oils GmbH, Kuraray, NOF Group, INEOS, and YiChun Dahaigui Life Science, with competitive strategies centered on bio-based production technologies, supply chain transparency, cosmetic-grade purity, and long-term partnerships with global beauty and pharmaceutical brands.

by Type

• Phyto Squalane
• Shark Squalane
• Synthetic Squalane

by Application

• Cosmetics & Personal Care
• Pharmaceutical Industry
• Others

By Company

Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Caroiline, Clariant, The Innovation Company, Henry Lamotte OILS GmbH, Kuraray, NOF Group, Ineos, YiChun Dahaigui Life Science

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This release was published on openPR.