Squalene Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Squalene Market is segmented By Product Type (Animal Source, Vegetable Source, Biosynthetic), By End-Users (Cosmetic, Food, Pharmaceutical, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Squalene Market Size

The Global Squalene Market is expected to grow at a CAGR of 7.8% during the forecast period (2024-2031)

Squalene is a compound derived from shark liver oil and other vegetable sources such as olive oil, rice bran oil, and wheat germ oil. The squalene is the high value of biological raw materials that are required in the large quantities of cosmetics, pharmaceuticals, and food supplement industries.

Squalene Market Summary

For More Insights about the Market  Request Free Sample

Squalene Market Dynamics

There is a rising demand for squalene in various industries including pharmaceuticals, and food supplements due to its nutritional and health benefits such as white blood cell rejuvenation, immune system stimulation, anti-carcinogen, and antioxidant properties. It acts as a chemo-preventive agent, antioxidant, immune system restorer. There is growing usage of squalene in personal care and cosmetic products including sunscreen, creams, bath oils, hair conditioners, foundations eye makeup, lipstick, and lotion as it can quickly be absorbed into the skin without leaving an oily residue and has the ability to mix well with other oils present in the personal care and cosmetic products.

The rise in the launch of the squalene products shall stimulate market growth. For instance, in August 2019, Praan Naturals had launched the olive squalene and olive squalane into its ethically sourced product range of over 500 certified organic and conventional natural ingredients for personal care product development. Praan Naturals continues to reaffirm its position as a key supplier of sustainable, exotic ingredients for the beauty, cosmetic, and personal care industries.

In February 2018, Aprinnova (a joint venture of Amyris, Inc. with NIKKOL GROUP) had launched the pharmaceutical grade Neossance Squalane USP. This new material meets the industry standards required by the United States Pharmacopeia (USP) and the National Formulary (NF) for drug actives and pharmaceutical excipients, which are used by regulatory agencies and manufacturers to ensure products have the appropriate identity, quality, purity, and consistency. The Aprinnova would supply these industries with FDA-regulated sugarcane-derived squalene. This product launch would enable a significant expansion of this business across numerous product applications.

The rise in the advancement of the extraction method of squalene shall boost the demand over the forecasted period. Researchers are exploring the synthetic sources apart from the shark liver and vegetable sources for synthesizing the biotechnologically produced squalene by using yeast for increasing its production.

However, the rising concerns regarding the environment and ecosystems are hindering the market growth of the squalene. The stringent regulations imposed by the government is restricting the production of the squalene from the shark liver. There are stringent regulations imposed on deep-sea shark fishing in Europe and North America whereas there are somewhat relaxed stringent regulations imposed on deep-sea shark fishing in Asia.

Squalene Market Segment Analysis

The global squalene market is segmented based on product type as the animal source, vegetable source, and biosynthetic. The animal source accounts for the highest market share as shark liver is the richest natural source of squalene. The price of the squalene extracted through the animal source is cheap in comparison to the squalene extracted through the vegetable and other sources. The squalene extracted through the animal source is higher purity in comparison to the squalene extracted through the vegetable source.

The vegetable source segment is expected to have a positive market share over the forecasted period. Squalene is widely present as a component of the unsaponifiable fraction of vegetable oils including olive oil, amaranth oil, and others. Olive oil is the richest vegetable source for the production of squalene. There is a high availability of olive oil in various countries such as Spain, Italy, the United States, Australia, France, Australia, and other countries.

The biosynthetic segment is expected to grow at a higher CAGR during the forecasted period. Several companies are also extracting the Squalene from biosynthetic sources including sugarcane and other sugar-containing bio-materials. This biosynthetic squalene is available at relatively lower prices.

Further, the market is also classified based on end-users as cosmetics, food pharmaceuticals, and others. The cosmetics segment accounts for the highest market share due to the high usage of Squalene in the cosmetics industry. There is rising awareness regarding the use of high-quality products including natural cosmetics that provide beneficial properties. The rising demand for anti-aging and rejuvenating creams among middle-aged women is increasing the usage of the squalene for manufacturing these creams. There is growing usage of detoxifying, hydrating, and emollient products that involve the usage of the Squalene.

Squalene Market Geographical Share

By region, the global squalene market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe dominated the global squalene market owing to the high usage of the squalene in pharmaceuticals, cosmetic, and personal care products. There is the presence of a large number of companies developing the squalene. There is rising usage of natural cosmetics of good quality. The market is witnessing the shift from animal-sourced squalene to vegetable-sourced squalene. Urbanization and higher spending power shall stimulate market growth. Drastic market growth is expected to observe in countries such as France, Germany, and Italy due to the rising demand for dietary supplements. It is further expected that Europe would maintain its dominant market position over the forecasted period.

The Asia-Pacific is expected to have a positive market share due to the increasing usage of the squalene in cosmetic products with the growing concerns regarding appearance and grooming. The high market growth is expected to be observed in developing countries such as India, and China due to the rising consumption of dietary supplements with the growing older population, health awareness, and changing lifestyle. There is growing awareness regarding the benefits of natural cosmetics products. The increasing domestic income and purchasing power of the people shall boost the demand for the squalene over the forecasted period.

Squalene Companies and Competitive Analysis

The global squalene market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Seadragon Marine Oils Limited, Amyris, Arbee Biomarine Extracts Pvt. Ltd., Sophim, Kishimoto Special Liver Oil Co. Ltd., and Arista Industries are the leading market players with significant market share.

The major players are using product development, novel product launch, market expansion, capacity utilization, and product diversification strategies for holding their position in the market. For instance, in March 2020, Amyris, Inc. had presented the clinical trials demonstrating the superiority of its natural sugarcane squalane (marketed and sold as Neossance Squalane) as a carrier of CBD versus other oils. The clinical studies demonstrated that the sugarcane squalane improves the efficacy of CBD by 10-40X as the carrier oil chassis for the skincare market.

In November 2014, Sophim had acquired a Spain-based plant to further cater to botanically derived squalane demand. This new oleochemicals production site would supply the Sophim with an additional source of the raw materials. This plant would pre-concentrate and extract the squalene from the olives. This facility would help the company to increase its production capacity of plant-derived squalene.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for squalene and their expansion across the globe. For instance, in March 2017, Amyris, Inc. had formed a joined venture with the NIKKOL GROUP, a leading Japanese cosmetic specialty chemical provider. This the 50-50 joint venture that would operate under the brand name Aprinnova with the goal of continuing to develop and make available sustainable cosmetic ingredient solutions for responsible brands worldwide.

In April 2015, Amyris, Inc had entered into an agreement with the Squalane Natural Health B.V. for the production and marketing of Neossance Squalane-based personal care products. This partnership would accelerate the development and market penetration of skincare and personal care products including Amyris's Neossance Squalane, which is produced from plant sugars. Under this new relationship, Squalane would market and sell Neossance-based products to retailers and consumers, primarily in the European Union.

In February 2014, Amyris, Inc. had entered into the collaboration with Dowell, a personal care ingredients supplier, for distributing the sugar-based squalane, a renewable alternative to the controversial material, in the Republic of Korea.

Why Purchase the Report?

• Visualize the composition of the global squalene market products in terms of product type and end-users highlighting the critical commercial assets and players.
• Identify commercial opportunities in the global squalene market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of global squalene market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global squalene market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience2024

• Industry Investors/Investment Bankers
• Suppliers/Buyers
• Education & Research Institutes
• Manufacturers
• Research Professionals
• Emerging Companies
• Distributors