Synthetic Squalane Market Expands on Clean Beauty, Bio-Based Innovation, and Nutraceutical Demand | Valuates Reports

Synthetic Squalane Market Size
The global market for Synthetic Squalane was valued at US$ 55 million in the year 2024 and is projected to reach a revised size of US$ 68.8 million by 2031, growing at a CAGR of 3.3% during the forecast period.

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The Synthetic Squalane Market is witnessing steady global growth, fueled by the rapid expansion of clean-label cosmetics, vegan beauty formulations, and high-purity emollients used in both personal care and nutritional products. As brands move away from animal-derived ingredients, synthetic and bio-based squalane has become the preferred alternative due to its consistent quality, superior stability, and ethical sourcing profile.

By type, fully synthetic squalane dominates the market, driven by its high purity, longer shelf life, and controlled molecular structure, making it ideal for premium skincare, dermatological formulations, and ingestible-grade applications. Semi-synthetic squalane, while smaller in share, continues to see demand in cost-sensitive formulations and mass-market personal care products, particularly in emerging economies.

From an application perspective, cosmetics and personal care remain the largest demand segment, with strong usage in moisturizers, serums, sunscreens, hair care products, and makeup, where squalane is valued for its non-greasy texture, skin compatibility, and excellent moisturizing properties. Meanwhile, nutritional products represent a fast-growing opportunity, supported by rising interest in functional lipids, gut health, and premium dietary supplements, especially in Japan, Europe, and North America.

Regionally, North America and Europe lead the Synthetic Squalane Market, driven by strict cosmetic regulations, high consumer awareness of ingredient safety, and strong demand for sustainable beauty products in the United States, Canada, Germany, France, and the UK. The Asia-Pacific region-led by China, Japan, South Korea, and Taiwan-is the fastest-growing market, supported by K-beauty and J-beauty trends, expanding domestic cosmetic brands, and increasing disposable incomes. Southeast Asia and Latin America are emerging consumption hubs as international beauty brands expand local manufacturing and distribution.

Key companies operating in the global Synthetic Squalane Market include Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Caroiline, Clariant, The Innovation Company, Henry Lamotte OILS GmbH, Kuraray, NOF Group, and Ineos, with competition increasingly focused on bio-fermentation technologies, carbon footprint reduction, pharmaceutical-grade purity, and long-term supply partnerships with global cosmetic and nutraceutical brands.

by Type

• Fully Synthetic Squalane
• Semi-Synthetic Squalane

by Application

• Cosmetics and Personal Care
• Nutritional Products
• Other

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

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