The global squalene market size was estimated at USD 149.4 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. 

Increasing consumption of natural ingredients in the personal care and cosmetics sector is expected to emerge as a major factor driving the market demand. Squalene is translucid, emits a low odor, and offers moisturizing properties. These qualities make it one of the most preferred emollients in the world. Absence of toxicity, makes it one of the most widely used elements in personal care applications. Squalene oil is also utilized in the cosmetics industry to fight free radicals that damage the skin and accelerate the aging process.

The product is used as a moisturizing and cleansing ingredient in cosmetic and personal care products such as lotions, hair conditioners, bath oils, lipsticks, creams, and foundations. Furthermore, surge in demand for natural and organic ingredients is expected to have a positive impact on the market.

Another factor that fuels market expansion is the rising demand for products in several vaccines. It is a vital component of vaccinations including the COVID-19 vaccines as it is extremely effective in boosting immune response.

Gather more insights about the market drivers, restrains and growth of the Squalene Market

Squalene Market Report Highlights

• Rising usage of natural chemical-free ingredients in personal care and cosmetics and increased awareness regarding the benefits of squalene for health and body are driving the market

• Europe dominated the market with a revenue share of over 32.8% in 2023, followed by Asia Pacific region.

• The plant segment dominated the market with a revenue share of over 82.3% in 2023. This is attributed to the declining population of sharks, increasing awareness among people regarding animal welfare and protection, and regulatory frameworks imposed by various governments for the protection of marine animals.

• The personal care and cosmetics segment dominated the market with a revenue share of over 70.1% in 2023.

• In the pharmaceutical industry, squalene is widely used for various vaccine and drug delivery emulsions owing to its biocompatibility and stability-enhancing effects. In vaccines, it is used as an oil-in-water emulsion form, coupled with some adjuvants and stimulants of the immune system

• Companies are involved in strategic initiatives such as mergers and new product launches to maintain their market position

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.

• The global specialty ingredients market size was valued at USD 142.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. 

• The global carotenoids market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. 

Squalene Market Segmentation

Grand View Research has segmented the global squalene market report based on source, end-use, and region:

Squalene Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Animal

o Shark Liver Oil

o Other Animals

• Plants

o Amaranth Oil

o Olive Oil

o Rice Bran Oil Plants

o Other Amaranth Oil

o Synthetic

Squalene End-use Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Pharmaceuticals

• Personal Care & Cosmetics

• Nutraceuticals

• Food & Beverages

• Others

Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o UK

o Italy

o Spain

o Russia

o Benelux

• Asia Pacific

o China

o India

o Japan

o South Korea

o Vietnam

o Thailand

o Indonesia

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o South Africa

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