The Global Squalene Market, valued at approximately USD 149.4 million in 2023, is anticipated to grow at a significant compound annual growth rate (CAGR) of 10.9% from 2024 to 2032. The rising demand for natural and organic ingredients, particularly in the personal care and cosmetics sector, is a primary driver of this market growth. Squalene, a translucent and odorless compound, is highly favored for its moisturizing properties, making it a popular emollient in a wide range of cosmetic and personal care products. The non-toxic nature of squalene further contributes to its widespread use in personal care applications.

The increasing use of squalene in vaccine formulations, including the COVID-19 vaccines, is also fueling market expansion. Squalene's ability to boost immune responses has made it an essential ingredient in various vaccines, highlighting its significance in the pharmaceutical industry. However, concerns over the sustainability of shark-derived squalene, due to the endangered status of several shark species, are leading to a shift toward plant-based and synthetic sources. This shift is further supported by stringent regulations, such as those imposed by the European Union, which have banned shark oil-based products in cosmetics, encouraging manufacturers to explore alternative sources.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The North America is expected to see substantial growth during the forecast period, driven by the expanding cosmetics industry and increasing awareness of animal welfare. The Marine Mammal Protection Act (MMPA) in the U.S. has led to a decline in the use of shark liver oil, pushing manufacturers toward plant-based squalene sources such as olive oil. The European market, particularly in countries like France, Germany, and Spain, also plays a significant role in the Global Squalene Market due to its large-scale production of olive oil, a major plant-based source of squalene.

Major market players included in this report are:
Amyris, Inc.
Sophim SAS
Henry Lamotte Oils GmbH
efpbiotek
Vestan Limited
Kuraray Co., LTD.
Croda International Plc
Aasha Biochem
Arbee
Oleicfat, s.l.
Kishimoto Special Liver Oil Co., Ltd.
Maruha Nichiro Corporation
Arbechem
VESTAN
Aasha Biochem
The detailed segments and sub-segment of the market are explained below:
By Source:
Animal
Shark Liver Oil
Other Animals
Plant
Amaranth Oil
Olive Oil
Rice Bran Oil
Other Plant Oils
Synthetic
By End-Use:
Pharmaceuticals
Personal Care & Cosmetics
Nutraceuticals
Food & Beverages
Others
By Region:
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Benelux
Asia-Pacific
China
India
Japan
South Korea
Vietnam
Thailand
Indonesia
South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Years considered for the study are as follows:
Historical year - 2018-2022
Base year - 2023
Forecast period - 2024 to 2030
Key Takeaways:
Market Estimates & Forecast for 6 years from 2024 to 2030.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.