The global squalene market size was valued at USD 154.98 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 263.04 Million by 2033, exhibiting a CAGR of 6.84%
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IMARC Group’s report titled “Squalene Market Report by Source Type (Animal, Vegetable, Synthetic), Application (Cosmetics, Food, Pharmaceuticals, and Others), and Region 2025-2033”. The global squalene market size reached USD 155.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 263.0 Million by 2033, exhibiting a growth rate (CAGR) of 6.84% during 2025-2033.
Factors Affecting the Growth of the Squalene Industry:
● Rising Demand for Natural and Organic Cosmetics:
The personal care product market is expanding. This growth is driven by the rising demand for natural and organic products. Consumers are becoming increasingly aware of the health risks of synthetic ingredients. As a result, they are turning to natural alternatives. Squalene, found in olives and sugar cane, is now popular for its moisturizing properties. Cosmetic companies are incorporating squalene into their skincare and haircare products. Additionally, the clean beauty trend, which emphasizes transparency and natural ingredients, is also fueling market growth.
● Growth in the Pharmaceutical Industry:
Squalene enhances immune responses, making it crucial for vaccines. Its market is growing due to increased vaccine development and vaccination efforts. Moreover, its antioxidant and anti-inflammatory properties are fueling its use in healthcare products. The rise in chronic diseases and the shift toward preventive care are also fueling market growth. Meanwhile, companies are investing in research to discover new applications of squalene.
● Technological Advancements in Extraction Methods:
Innovations in squalene extraction and production are fueling market growth. New methods now use plants such as olives and sugar cane, making production cheaper and more sustainable. This shift reduces reliance on shark liver oil, thereby addressing environmental and ethical concerns. In addition, these techniques increase the purity and quality of squalene, thereby increasing its effectiveness. As production becomes more efficient, squalene will become cheaper and more widely available, benefiting a variety of industries.
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Leading Companies Operating in the Global Squalene Industry:
Amyris Inc.
Arbee Agencies
Arista Industries Inc.
Empresa Figueirense De Pesca Lda
Gracefruit Limited
Kishimoto Special Liver Oil
Maruha Nichiro Corporation
Nucelis Inc. (Cibus Ltd.)
SeaDragon Marine Oils Limited
Sophim
VESTAN Squalene Hydrogenation and Purification
Squalene Market Report Segmentation:
By Source Type:
Animal
Vegetable
Synthetic
Animal represents the largest segment as it offers moisturizing and skin-softening properties.
By Application:
Cosmetics
Food
Pharmaceuticals
Others
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Europe enjoys a leading position in the squalene market on account of increasing preferences for natural and sustainable ingredients.
Global Squalene Market Trends:
More people are learning about the benefits of squalene, thereby driving the market growth. Squalene, with its antioxidant properties, fights free radicals, preventing cell damage and aging. Its hydrating and repairing properties make it a favorite in skincare products. As consumers are becoming more conscious, the demand for squalene in health and beauty products is increasing.
In addition, the trend towards certified organic squalene among eco-friendly consumers is also fueling growth. Additionally, supportive regulation and approvals for the use of squalene in various products are further driving the market.
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