Squalene Market Size (2024 - 2029)

The squalene market is projected to experience growth over the forecast period, driven by the expanding cosmetics and nutraceutical industries. Despite the initial negative impact of the COVID-19 pandemic, which temporarily halted manufacturing and reduced demand, the need for squalene in vaccine adjuvants boosted its market presence. Concerns over shark killing and limitations may hinder market expansion, while research into squalene's oncology applications presents potential opportunities. Europe holds the largest market share and is expected to maintain its dominance.

INSTANT ACCESS

Home Market Analysis Chemicals & Materials Research Specialty Chemicals Research Personal Care Chemicals Research Squalene Research Squalene Market Market Size

Market Size of Squalene Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Squalene Market Summary
Study Period 2019-2029
Market Size (2024) USD 167.15 Million
Market Size (2029) USD 223.28 Million
CAGR (2024 - 2029) 5.96 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Squalene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Squalene Market Analysis

The Squalene Market size is estimated at USD 167.15 million in 2024, and is expected to reach USD 223.28 million by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020. Considering the pandemic scenario, manufacturing activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, thereby reducing the demand for squalene-based products. However, the need for squalene to produce adjuvants for various COVID-19 vaccines significantly increased, enhancing the demand for the market studied.

  • In the medium term, the major factors driving the market studied are growing cosmetics industry and growing demand from the nutraceutical industry.
  • On the flip side, shark killing concerns and limitations is likely to restrain the market growth.
  • The research and development on squalene for oncology uses is likely to act as an opportunity for squalene market in the coming years.
  • Europe accounted for the highest market share, and the region is likely to dominate the market during the forecast period.

Squalene Industry Segmentation

Squalene is a colorless, odorless, non-toxic organic compound commercially extracted from shark liver oil. Owing to the absence of toxicity, it is thus widely used in personal care applications. Squalene oil is utilized in the cosmetics industry to fight free radicals that damage the skin and speed up aging. It is also used as an ingredient in the adjuvants of various vaccines, including influenza and COVID-19 vaccines, to enhance their efficacy.

The squalene market is segmented by source, end-user industry, and geography. By source, the market is segmented into animal source, vegetable source, and biosynthetic. By end-user industry, the market is segmented into cosmetics, food, and pharmaceuticals. The report also covers the market size and forecasts for the squalene market in 15 countries across major regions. For each segment, market sizing and forecasts are done in revenue (USD).

Source
Animal Source
Vegetable Source
Biosynthetic
End-User Industry
Cosmetics
Food
Pharmaceuticals
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Squalene Market Size Summary

The squalene market is poised for significant growth over the forecast period, driven by its increasing application in the cosmetics and nutraceutical industries. Squalene is a key ingredient in high-end skincare products, known for its moisturizing and rejuvenating properties, making it a popular choice in anti-aging products and various cosmetics. The global cosmetics market, particularly in regions like Europe, continues to thrive, with consumers increasingly favoring natural and ingredient-based products. This trend is further bolstered by the aging population's demand for anti-aging solutions. Despite challenges such as concerns over shark killing and limitations in sourcing, the market is expected to benefit from ongoing research and development, particularly in oncology applications, presenting new opportunities for growth.

Europe stands out as the dominant region in the squalene market, supported by its well-established cosmetic and pharmaceutical industries. Countries like Germany and the United Kingdom are key players, with robust demand from the cosmetic and personal care sectors. The region's market is further strengthened by the presence of major industry players and a growing interest in dietary supplements. The market's consolidated nature, with leading companies like Amyris, Inc. and Sophim, continues to shape its landscape. Recent developments, such as the introduction of non-animal-derived squalene and partnerships for biotechnology-derived squalene, highlight the industry's commitment to sustainable and innovative solutions, ensuring a steady supply to meet the rising demand.

Explore More

Squalene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Cosmetics Industry

      2. 1.1.2 Growing Demand from the Nutraceutical Industry

      3. 1.1.3 Growing Consumption in Pharmaceutical Industry

    2. 1.2 Restraints

      1. 1.2.1 Shark Killing Concerns and Limitations

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Source

      1. 2.1.1 Animal Source

      2. 2.1.2 Vegetable Source

      3. 2.1.3 Biosynthetic

    2. 2.2 End-User Industry

      1. 2.2.1 Cosmetics

      2. 2.2.2 Food

      3. 2.2.3 Pharmaceuticals

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Squalene Market Size FAQs

The Squalene Market size is expected to reach USD 167.15 million in 2024 and grow at a CAGR of 5.96% to reach USD 223.28 million by 2029.

In 2024, the Squalene Market size is expected to reach USD 167.15 million.

Squalene Market Report Snapshots

Squalene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)