Global Squalene Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Source;
Shark Liver, Vegetable, and Synthetic Biotechnology.By End-User;
Cosmetics, Skin Care, Hair Care, Fragrance, Food Supplements, Health Care, Cancer Treatment, Heart Disease, and Skin Health.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Squalene Market (USD Million), 2021 - 2031
In the year 2024, the Global Squalene Market was valued at USD 183.61 million. The size of this market is expected to increase to USD 327.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.
Squalene, a naturally occurring compound found in olives, shark liver oil, and certain plants, is valued for its moisturizing, antioxidant, and anti-inflammatory properties. In the cosmetics sector, squalene is widely used in skincare products due to its ability to hydrate and protect the skin, making it a popular ingredient in lotions, serums, and creams. Its benefits extend to the pharmaceutical industry, where squalene is used in vaccine adjuvants and as a potential treatment for various health conditions. The rising demand for natural and organic ingredients in personal care and wellness products is further fueling market growth, as consumers increasingly seek out products that offer both efficacy and safety.
The market is characterized by a diverse range of sources and applications, contributing to its dynamic landscape. Squalene derived from plant sources, such as olives and sugarcane, is gaining traction due to its sustainable and eco-friendly profile, contrasting with traditional shark-derived squalene, which has raised environmental and ethical concerns. Innovations in extraction and production technologies are enhancing the availability and cost-effectiveness of squalene, while regulatory frameworks and consumer preferences continue to shape market trends. As the global focus shifts towards sustainable and health-conscious consumer choices, the squalene market is poised for continued expansion, driven by its versatile applications and the growing emphasis on natural, high-quality ingredients in various products.
Global Squalene Market Recent Developments
- In May 2023, Amyris, Inc. signed an exclusive license agreement with Croda International Plc for the supply of sustainable squalene.
- In July 2023, SOPHIM launched a moisturizing and soothing massage oil designed to restore the skin’s lipidic film.
- In June 2023, SOPHIM introduced a moisturizing foot mask that restores the lipid barrier for long-lasting protection against dryness and external aggressors.
Segment Analysis
The Global Squalene Market is categorized by various factors, including source, end-user, and geography. By Source, squalene is derived from three primary sources: Shark Liver, Vegetable, and Synthetic Biotechnology. Shark liver remains the traditional source, though concerns about sustainability and environmental impact have prompted increased interest in alternatives. Vegetable sources, such as olive oil and amaranth, provide a more eco-friendly option, while synthetic biotechnology offers a lab-grown alternative that meets both ethical and environmental standards. Each source contributes differently to the market, influencing product quality, cost, and consumer preferences.
By End-User, the applications of squalene span multiple industries, reflecting its versatility. In Cosmetics and Skin Care, squalene is valued for its moisturizing and anti-aging properties. It is also widely used in Hair Care products for its nourishing benefits. The Fragrance sector utilizes squalene as a carrier oil, while in Food Supplements, it is recognized for its health benefits, including support for Cancer Treatment and Heart Disease. Squalene plays a role in Health Care and Skin Health, demonstrating its broad utility across different consumer needs. By Geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, each region exhibiting unique trends and demands influenced by local consumer preferences, regulatory standards, and market maturity.
Global Squalene Segment Analysis
In this report, the Global Squalene Market has been segmented by Source, End-User and Geography.
Global Squalene Market, Segmentation by Source
The Global Squalene Market has been segmented by Source into Shark Liver, Vegetable and Synthetic Biotechnology.
Shark liver, specifically shark liver oil, has been traditionally used for its high content of squalene, a compound valued for its moisturizing and protective properties. This natural source is sought after in specific industries where its unique properties are required. Due to concerns about sustainability and the environmental impact of shark fishing, the use of shark liver-derived materials is increasingly scrutinized and often replaced by more sustainable alternatives. Vegetable sources, on the other hand, offer a more eco-friendly option for obtaining materials. Vegetable-based materials are derived from plant sources such as soy, corn, and various other crops.
These materials are often used in applications ranging from biodegradable packaging to natural-based lubricants and protective coatings. The shift towards vegetable sources aligns with the growing demand for sustainable and renewable materials that reduce reliance on non-renewable resources. Synthetic biotechnology represents a cutting-edge approach where materials are engineered through biotechnological processes. This includes creating materials that mimic natural substances or developing entirely new compounds with tailored properties. Synthetic biotechnology provides a high degree of control over material characteristics and is increasingly used to create advanced materials for a range of applications, from high-performance sports equipment to medical devices.
Global Squalene Market, Segmentation by End-User
The Global Squalene Market has been segmented by End-User into Cosmetics, Skin Care, Hair Care, Fragrance, Food Supplements, Health Care, Cancer Treatment, Heart Disease and Skin Health.
In the cosmetics sector, squalene is highly valued for its moisturizing and emollient properties, making it a popular ingredient in skincare products aimed at enhancing hydration and elasticity. In skin care, squalene's benefits extend to anti-aging and replenishing dry skin, leading to its widespread use in serums, creams, and lotions. The hair care industry also utilizes squalene for its ability to nourish and strengthen hair, improving shine and reducing frizz. Beyond personal care, squalene is increasingly recognized in the fragrance industry for its role as a carrier oil that enhances the longevity and diffusion of scents.
In addition to these cosmetic and personal care applications, squalene finds significant use in health-related sectors. In food supplements, squalene is valued for its antioxidant properties and potential health benefits, such as supporting immune function and overall wellness. Its applications extend into healthcare, where squalene is explored for its potential in cancer treatment, heart disease, and skin health, thanks to its anti-inflammatory and cellular repair properties. This broad range of uses highlights the versatility of squalene and underscores its importance in both enhancing consumer products and contributing to various health and medical applications.
Global Squalene Market, Segmentation by Geography
In this report, the Global Squalene Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Squalene Market Share (%), by Geographical Region, 2024
In North America, the market is driven by strong demand from the cosmetics and pharmaceutical industries, where squalene is valued for its moisturizing and health benefits. The presence of major industry players and advanced research facilities further enhances market growth in this region. Increasing consumer awareness about natural and organic skincare products contributes to the rising demand for squalene in North America. In Europe, squalene is widely used in high-end cosmetic products and dietary supplements, driven by a trend towards premium and natural ingredients.
The region's stringent regulations on product safety and quality standards bolster the market by ensuring the use of high-quality squalene. Asia Pacific is experiencing rapid growth due to expanding industrial applications, rising disposable incomes, and increasing consumer interest in skincare and wellness products. The Middle East and Africa show promising potential as emerging markets with a growing focus on health and beauty. In Latin America, the market is evolving with increasing adoption of squalene-based products in the beauty and wellness sectors, supported by rising consumer spending and interest in natural ingredients.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Squalene Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- High antioxidant properties
- Growth in the dietary supplement sector
- Advancements in extraction technologies
-
Rising awareness of squalene benefits - The rising awareness of squalene benefits is significantly driving growth in the global squalene market. As consumers become more informed about the advantages of squalene, such as its powerful moisturizing properties, antioxidant benefits, and potential to improve skin health, demand for products containing this ingredient increases.
Squalene, which is often derived from natural sources like olive oil or shark liver oil, is gaining popularity for its ability to hydrate and protect the skin, reduce signs of aging, and support overall skin wellness. This heightened awareness is fueled by educational campaigns, dermatological endorsements, and a growing trend towards natural and organic skincare solutions, leading to a broader adoption of squalene in cosmetic and personal care products.
Restraints:
- Difficulty in standardizing quality
- Potential for contamination in extraction
-
Variability in product efficacy - Variability in product efficacy presents a challenge in the squalene market, affecting consumer trust and market growth. The effectiveness of squalene-based products can vary widely depending on factors such as the concentration of squalene used, the quality of extraction methods, and the formulation of the end product.
This inconsistency can lead to varying consumer experiences and satisfaction levels, potentially impacting brand reputation and market acceptance. Companies must invest in rigorous quality control measures and standardized testing to ensure product efficacy and consistency. Addressing this issue is crucial for maintaining consumer confidence and driving sustained demand for squalene-based products across different market segments.
Opportunities:
- Investment in sustainable practices
- Rising demand for anti-aging solutions
- New applications in medical and healthcare
-
Increased interest in personalized beauty products - The increased interest in personalized beauty products is creating new opportunities for the squalene market. As consumers seek more tailored skincare solutions that address their unique skin types and concerns, there is a growing demand for products that offer customized benefits. Squalene, with its versatile properties, fits well into this trend by being adaptable to various formulations and targeted treatments.
Brands are leveraging this opportunity by developing personalized skincare lines that incorporate squalene to enhance hydration, improve skin texture, and address specific issues such as aging or sensitivity. This trend is further supported by advancements in technology that allow for more precise customization and formulation, leading to increased consumer engagement and market growth.
Competitive Landscape Analysis
Key players in Global Squalene Market include:
- Croda international plc
- Seadragon marine oils limited
- Maruha nichiro corporation
- New Zealand Green Health Ltd.
- Gracefruit limited
- Kshimoto special liver oil co., ltd.
- Sophim
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Squalene Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- High antioxidant properties
- Growth in the dietary supplement sector
- Advancements in extraction technologies
- Rising awareness of squalene benefits
- Restraints
- Difficulty in standardizing quality
- Potential for contamination in extraction
- Variability in product efficacy
- Opportunities
- Investment in sustainable practices
- Rising demand for anti-aging solutions
- New applications in medical and healthcare
- Increased interest in personalized beauty products
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Squalene Market, By Source, 2021 - 2031 (USD Million)
- Shark Liver
- Vegetable
- Synthetic Biotechnology
- Global Squalene Market, By End-User, 2021 - 2031 (USD Million)
- Cosmetics
- Skin Care
- Hair Care
- Fragrance
- Food Supplements
- Health Care
- Cancer Treatment
- Heart Disease
- Skin Health
- Global Squalene Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Squalene Market, By Source, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Croda international plc
- Seadragon marine oils limited
- Maruha nichiro corporation
- New Zealand Green Health Ltd.
- Gracefruit limited
- Kshimoto special liver oil co., ltd.
- Sophim
- Company Profiles
- Analyst Views
- Future Outlook of the Market