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Squalene Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030
The global squalene market was valued at USD 149.4 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. The increasing use of natural ingredients in personal care and cosmetic products is a primary driver behind this growth. Squalene, a natural organic compound, is highly valued in these industries due to its translucency, minimal odor, and strong moisturizing properties. These characteristics make it one of the most widely used emollients in skincare. Moreover, squalene’s non-toxic nature has further expanded its applications, making it ideal for use in various personal care products. In cosmetics, squalene oil is especially valued for its role in combating free radicals that damage skin cells and accelerate aging.
The European Union has banned shark oil-based products in cosmetics, which has pushed manufacturers to seek plant-based and synthetic alternatives for squalene production. Concern over shark population decline and the environmental impact of harvesting shark oil has led to increased demand for plant-derived squalene, primarily extracted from sources like olive oil, rice bran, and amaranth oil. Currently, about 65% of the world’s olive oil is produced, consumed, and exported within the European Union, making it a key region for squalene derived from plant-based oils.
Squalene-based adjuvants have been used in influenza vaccines for over 20 years due to their capacity to improve immune response, boost antibody production, and allow for lower doses of the main antigen. This ingredient has been widely recognized for its role in health emergencies, such as influenza outbreaks, due to its effectiveness as an immune enhancer. The COVID-19 pandemic further underscored its utility, as animal-derived squalene was included in COVID-19 vaccines for its immunity-boosting properties. Companies like GlaxoSmithKline (GSK) have established partnerships with other firms, including Sanofi S.A. and CureVac N.V., to facilitate the use of squalene in vaccine production.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Regional Insights:
Asia Pacific Squalene Market Trends:
Asia Pacific is anticipated to witness significant market growth due to the region’s access to raw materials, lower labor costs, reduced manufacturing costs, and the expansion of industries such as personal care, cosmetics, pharmaceuticals, nutraceuticals, and food and beverages. Countries like India, China, and Japan, which are abundant in raw materials like shark liver oil and olive oil, are emerging as leading producers of squalene for the market.
Europe Squalene Market Trends:
Europe led the squalene market in 2023 with a revenue share exceeding 32.8%, followed closely by the Asia Pacific region. The high share of the European market is largely due to the extensive production of olive oil, which is a primary plant-based source of squalene. Demand for squalene in Europe is particularly high in key economies like Germany, France, the UK, Italy, and Spain. Among European nations, Spain holds a significant portion of the region’s olive groves, which positions it as a major supplier for plant-based squalene. Consequently, European squalene manufacturers are shifting away from shark-based squalene toward plant-based sources.
France
In France, the pharmaceutical industry is notably influential in this market shift. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the pharmaceutical sector in France had one of the largest R&D budgets in 2021, with R&D spending representing 9.8% of total pharmaceutical revenue. Pharmaceutical companies in France are increasingly investing in research and development focused on creating eco-friendly medicines that utilize bio-based ingredients, a trend that is expected to increase the demand for plant-based squalene in the country’s pharmaceutical industry over the forecast period.
Germany
Germany also demonstrates strong demand for plant-based squalene. In 2020, the country imported approximately 85 tons of olive oil, driven by rising health-consciousness among consumers and the preference for plant-derived ingredients across various sectors. Major companies like L’Oréal in Germany have transitioned from animal-based to plant-based squalene in their formulations, aligning with consumer demand for sustainable and eco-friendly products.
Browse through Grand View Research's Category Food Additives & Nutricosmetics Industry Research Reports.
The global glutamic acid market size was valued at USD 12.55 billion in 2024 and is projected to grow at a CAGR of 8.6% from 2025 to 2030.
The global stearic acid market size was valued at USD 11.24 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
Key Companies & Market Share Insights:
The squalene market is highly fragmented and competitive, with major players concentrated in Europe and North America. However, numerous smaller players operate in the Asia Pacific region, where they benefit from proximity to raw materials, particularly shark liver oil and olive oil, which are essential for squalene production.
To extend their reach, major players are adopting partnership strategies. By collaborating with companies in different regions, they can leverage established networks to distribute their products more broadly. For example, in May 2023, Amyris announced a partnership with Croda International Plc. This collaboration aims to supply pharmaceutical-grade squalene for use in vaccine adjuvants, enhancing immune response. Such partnerships demonstrate the strategic moves by leading companies to expand their market presence while meeting the growing demand for high-quality squalene in various applications, from personal care to pharmaceuticals.
Key Squalene Companies:
Amyris, Inc.
Sophim SAS
Henry Lamotte Oils GmbH
efpbiotek
Vestan Limited
Kuraray Co., Ltd.
Croda International Plc
AASHA BIOCHEM
Arbee
Oleicfat, s.l.
Kishimoto Special Liver Oil Co., Ltd.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
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Squalene Market 2030 Top Key Players, Trends, Share, Industry Size, Segmentation
The global squalene market was valued at USD 149.4 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. The increasing use of natural ingredients in personal care and cosmetic products is a primary driver behind this growth. Squalene, a natural organic compound, is highly valued in these industries due to its translucency, minimal odor, and strong moisturizing properties. These characteristics make it one of the most widely used emollients in skincare. Moreover, squalene’s non-toxic nature has further expanded its applications, making it ideal for use in various personal care products. In cosmetics, squalene oil is especially valued for its role in combating free radicals that damage skin cells and accelerate aging.
The European Union has banned shark oil-based products in cosmetics, which has pushed manufacturers to seek plant-based and synthetic alternatives for squalene production. Concern over shark population decline and the environmental impact of harvesting shark oil has led to increased demand for plant-derived squalene, primarily extracted from sources like olive oil, rice bran, and amaranth oil. Currently, about 65% of the world’s olive oil is produced, consumed, and exported within the European Union, making it a key region for squalene derived from plant-based oils.
Squalene-based adjuvants have been used in influenza vaccines for over 20 years due to their capacity to improve immune response, boost antibody production, and allow for lower doses of the main antigen. This ingredient has been widely recognized for its role in health emergencies, such as influenza outbreaks, due to its effectiveness as an immune enhancer. The COVID-19 pandemic further underscored its utility, as animal-derived squalene was included in COVID-19 vaccines for its immunity-boosting properties. Companies like GlaxoSmithKline (GSK) have established partnerships with other firms, including Sanofi S.A. and CureVac N.V., to facilitate the use of squalene in vaccine production.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Regional Insights:
Asia Pacific Squalene Market Trends:
Asia Pacific is anticipated to witness significant market growth due to the region’s access to raw materials, lower labor costs, reduced manufacturing costs, and the expansion of industries such as personal care, cosmetics, pharmaceuticals, nutraceuticals, and food and beverages. Countries like India, China, and Japan, which are abundant in raw materials like shark liver oil and olive oil, are emerging as leading producers of squalene for the market.
Europe Squalene Market Trends:
Europe led the squalene market in 2023 with a revenue share exceeding 32.8%, followed closely by the Asia Pacific region. The high share of the European market is largely due to the extensive production of olive oil, which is a primary plant-based source of squalene. Demand for squalene in Europe is particularly high in key economies like Germany, France, the UK, Italy, and Spain. Among European nations, Spain holds a significant portion of the region’s olive groves, which positions it as a major supplier for plant-based squalene. Consequently, European squalene manufacturers are shifting away from shark-based squalene toward plant-based sources.
France
In France, the pharmaceutical industry is notably influential in this market shift. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the pharmaceutical sector in France had one of the largest R&D budgets in 2021, with R&D spending representing 9.8% of total pharmaceutical revenue. Pharmaceutical companies in France are increasingly investing in research and development focused on creating eco-friendly medicines that utilize bio-based ingredients, a trend that is expected to increase the demand for plant-based squalene in the country’s pharmaceutical industry over the forecast period.
Germany
Germany also demonstrates strong demand for plant-based squalene. In 2020, the country imported approximately 85 tons of olive oil, driven by rising health-consciousness among consumers and the preference for plant-derived ingredients across various sectors. Major companies like L’Oréal in Germany have transitioned from animal-based to plant-based squalene in their formulations, aligning with consumer demand for sustainable and eco-friendly products.
Browse through Grand View Research's Category Food Additives & Nutricosmetics Industry Research Reports.
The global glutamic acid market size was valued at USD 12.55 billion in 2024 and is projected to grow at a CAGR of 8.6% from 2025 to 2030.
The global stearic acid market size was valued at USD 11.24 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
Key Companies & Market Share Insights:
The squalene market is highly fragmented and competitive, with major players concentrated in Europe and North America. However, numerous smaller players operate in the Asia Pacific region, where they benefit from proximity to raw materials, particularly shark liver oil and olive oil, which are essential for squalene production.
To extend their reach, major players are adopting partnership strategies. By collaborating with companies in different regions, they can leverage established networks to distribute their products more broadly. For example, in May 2023, Amyris announced a partnership with Croda International Plc. This collaboration aims to supply pharmaceutical-grade squalene for use in vaccine adjuvants, enhancing immune response. Such partnerships demonstrate the strategic moves by leading companies to expand their market presence while meeting the growing demand for high-quality squalene in various applications, from personal care to pharmaceuticals.
Key Squalene Companies:
Amyris, Inc.
Sophim SAS
Henry Lamotte Oils GmbH
efpbiotek
Vestan Limited
Kuraray Co., Ltd.
Croda International Plc
AASHA BIOCHEM
Arbee
Oleicfat, s.l.
Kishimoto Special Liver Oil Co., Ltd.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
#Squalene Market Share#Squalene Market Analysis#Squalene Market Trends#Squalene Market Growth#Squalene Industry Forecast
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The Squalene Industry: Insights and Trends
Introduction to Squalene
Squalene is a naturally occurring compound found in various sources, including shark liver oil, olive oil, and certain types of plants. It has gained immense popularity in the cosmetics, pharmaceuticals, and nutraceuticals sectors due to its moisturizing, antioxidant, and anti-inflammatory properties. As a result, the squalene market has seen substantial growth over recent years, driven by rising consumer awareness and demand for natural ingredients.
Market Overview The squalene market is projected to be valued at USD 163.46 million in 2024 and is expected to grow to USD 218.33 million by 2029. This represents a compound annual growth rate (CAGR) of 5.96% during the forecast period from 2024 to 2029. The global squalene market has been expanding at a rapid pace, projected to grow significantly over the next few years. Factors contributing to this growth include:
Increasing Demand in Cosmetics: Squalene is a key ingredient in moisturizers, serums, and skincare products. Its lightweight texture and ability to mimic skin’s natural oils make it a preferred choice for formulations targeting hydration and anti-aging.
Rising Interest in Clean Beauty: Consumers are increasingly gravitating towards clean and sustainable beauty products. The shift away from synthetic ingredients has bolstered the demand for natural alternatives like squalene.
Pharmaceutical Applications: Squalene is used as an adjuvant in vaccines and has potential therapeutic benefits, which is driving its demand in the pharmaceutical sector. The COVID-19 pandemic highlighted its importance, leading to increased research and development in this area.
Nutraceuticals Growth: As awareness of health and wellness continues to rise, squalene is gaining traction in dietary supplements. Its potential health benefits, including immune support and skin health, are attracting consumer interest.
Key Trends in the Squalene Market
Sustainability Initiatives: The shift towards sustainable sourcing of squalene is a critical trend. While traditional sources include shark liver oil, there is a growing emphasis on plant-based alternatives, such as olive and sugarcane-derived squalene, to minimize environmental impact.
Technological Innovations: Advances in extraction and formulation technologies are enhancing the quality and efficacy of squalene. These innovations not only improve product performance but also cater to the increasing demand for high-purity ingredients.
Consumer Education: Brands are focusing on educating consumers about the benefits of squalene. This is fostering greater awareness and driving demand across various consumer segments.
Regional Market Dynamics: The Asia-Pacific region is emerging as a significant player in the squalene market, fueled by booming beauty and personal care industries in countries like Japan and South Korea. Additionally, North America and Europe remain strong markets, particularly in high-end cosmetics.
Challenges Facing the Squalene Market
Despite its growth potential, the squalene industry faces several challenges:
Regulatory Hurdles: Compliance with varying regulations across regions can pose challenges for manufacturers, particularly in the cosmetic and pharmaceutical sectors.
Sourcing Issues: The reliance on specific sources for squalene, particularly from sharks, raises ethical concerns and sustainability issues, prompting a push for more responsible sourcing practices.
Market Competition: As the demand for natural ingredients rises, the squalene market is becoming increasingly competitive. Companies must differentiate their products through quality, sustainability, and innovation.
Conclusion
The squalene industry is poised for continued growth, driven by increasing consumer demand for natural and sustainable products. As the market evolves, companies that prioritize ethical sourcing, innovation, and consumer education will likely lead the way. With its myriad applications and benefits, squalene is set to remain a key ingredient in the beauty, pharmaceutical, and nutraceutical industries for years to come. For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/squalene-market
#squalene market#squalene industry#squalene market Size#squalene market share#squalene market analysis#squalene market growth#squalene market trends
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How Increased Consumer Awareness is Boosting the Squalene Market
Introduction to Squalene
Squalene, a naturally occurring compound found in the liver oil of sharks and various plant sources, plays a crucial role in multiple industries. With its unique properties and wide range of applications, the squalene market has seen significant growth over the past decade. This article delves into the intricacies of the squalene market, including its applications, key market players, trends, and future outlook.
Applications of Squalene
Squalene's versatility makes it indispensable across various sectors:
Cosmetics and Personal Care
One of the primary applications of squalene is in the cosmetics and personal care industry. Its emollient properties make it an excellent moisturizer, providing hydration without a greasy feel. Squalene is a common ingredient in:
Facial creams and lotions
Sunscreens
Lip balms
Anti-aging products
The natural origin of squalene appeals to consumers seeking organic and sustainable skincare solutions, further driving its demand.
Pharmaceuticals
In the pharmaceutical industry, squalene is valued for its immune-boosting properties. It is used as an adjuvant in vaccines, enhancing the body's immune response. Additionally, squalene is involved in the synthesis of cholesterol, hormones, and vitamin D, underscoring its importance in medical applications.
Dietary Supplements
Squalene is also popular in the dietary supplements market due to its antioxidant properties. It helps in neutralizing free radicals, thereby protecting cells from damage. Consumers use squalene supplements for:
Improving skin health
Boosting immune function
Enhancing cardiovascular health
Key Market Players
The squalene market is highly competitive, with numerous players striving to establish their dominance. Some of the leading companies in the market include:
Amyris Inc.
Amyris Inc. is a significant player known for its sustainable production methods. They utilize a proprietary technology to produce squalene from sugarcane, providing a plant-based alternative to shark liver oil.
Kishimoto Special Liver Oil Co. Ltd.
This Japanese company specializes in producing high-quality squalene derived from shark liver oil. Their long-standing presence in the market and commitment to quality have made them a trusted supplier.
Sophim
Based in France, Sophim is renowned for its plant-derived squalene. Their focus on sustainable and eco-friendly production practices has garnered a strong customer base, particularly in the cosmetics industry.
Croda International Plc
Croda International is a global leader in specialty chemicals. Their squalene offerings are extensively used in the cosmetics and personal care sectors, thanks to their emphasis on innovation and quality.
Market Trends and Drivers
Several trends and drivers are shaping the squalene market:
Shift Towards Plant-Based Sources
With increasing awareness about sustainability and animal welfare, there is a growing shift towards plant-based squalene sources. Olive oil, amaranth oil, and rice bran oil are becoming popular alternatives to shark liver oil.
Rising Demand for Natural and Organic Products
Consumers are increasingly seeking natural and organic products, propelling the demand for squalene in the cosmetics and personal care industry. Squalene's natural origin and beneficial properties align well with this consumer preference.
Technological Advancements
Advancements in extraction and production technologies are enhancing the efficiency and yield of squalene. Innovations such as biofermentation are enabling large-scale production of high-purity squalene from renewable sources.
Growing Pharmaceutical Applications
The pharmaceutical sector's demand for squalene is rising, driven by its role as a vaccine adjuvant and its potential therapeutic benefits. Research and development activities are further expanding squalene's applications in medicine.
Challenges in the Squalene Market
Despite its growth, the squalene market faces several challenges:
Sustainability Concerns
The extraction of squalene from shark liver oil raises significant sustainability and ethical concerns. Overfishing and the impact on marine ecosystems are critical issues that need addressing. This has led to a push for alternative sources and sustainable production methods.
Regulatory Hurdles
The squalene market is subject to stringent regulations, particularly in the pharmaceutical and cosmetics industries. Compliance with these regulations can be challenging and may impact the market dynamics.
High Production Costs
Producing high-purity squalene, especially from plant sources, can be expensive. The cost of raw materials and the complexity of extraction processes contribute to the overall production costs, potentially limiting market growth.
Future Outlook
The future of the squalene market looks promising, with several factors contributing to its growth:
Innovative Production Techniques
Continued research into innovative production techniques, such as bioengineering and synthetic biology, is expected to reduce production costs and improve sustainability. These advancements will likely make squalene more accessible and affordable.
Expansion into New Applications
The potential for squalene to be used in new applications, particularly in the pharmaceutical and nutraceutical sectors, presents significant growth opportunities. Ongoing research may uncover additional health benefits, further boosting demand.
Increased Consumer Awareness
As consumers become more informed about the benefits of squalene, particularly its natural and sustainable aspects, demand is likely to increase. Marketing efforts focusing on these attributes will play a crucial role in driving market growth.
Conclusion
The squalene market is poised for substantial growth, driven by its diverse applications and the increasing demand for natural and sustainable products. Key market players are focusing on innovative production methods and expanding their product offerings to meet evolving consumer needs. While challenges such as sustainability concerns and regulatory hurdles persist, advancements in technology and increased consumer awareness offer promising prospects for the future of the squalene market.
#squalene market#squalene applications#sustainable squalene#squalene in cosmetics#pharmaceutical squalene#dietary supplements squalene#plant-based squalene#squalene production#squalene industry trends#squalene market growth
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Europe Emerges as a Key Player in the Squalene Market Growth| MarketsandMarkets™
The report “Squalene Market by Source (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region – Global Forecast to 2028″, size was USD 141 million in 2022 and is projected to reach USD 202 million by 2028, at a CAGR of 6.3%, between 2023 and 2028. Squalene is used in…
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#Demand for Squalene#Global Squalene Market#Squalene#Squalene Industry#Squalene Market#Squalene Market Forecast#Squalene Market Growth#Squalene Market Manufactures#Squalene Market Share#Squalene Market Size#Squalene Market Trends
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Squalene Industry Product Overview, Research, Share by Types and Region till 2030
The global squalene market was valued at approximately 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. A significant driver of this growth is the increasing use of natural ingredients within the personal care and cosmetics industry. Squalene’s transparency, low odor, and moisturizing properties make it highly valued as an emollient. Due to its non-toxic nature, squalene is one of the most widely used ingredients in personal care products. Additionally, squalene oil is utilized in cosmetics to neutralize free radicals that can damage skin and contribute to aging.
In cosmetics and personal care, squalene serves as a moisturizing and cleansing agent in a variety of products, including lotions, hair conditioners, bath oils, lipsticks, creams, and foundations. The demand for natural and organic ingredients is increasing, which positively impacts the squalene market. Beyond cosmetics, the rising demand for squalene in vaccines also contributes to market growth. Squalene plays a crucial role in vaccines, such as those developed for COVID-19, due to its efficacy in enhancing immune response.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Squalene used in vaccines and pharmaceuticals is traditionally derived from fish oil, specifically sourced from sharks. However, a report by the International Trade of Endangered Species highlights that five shark species face extinction, which has led to a reduction in the use of animal-based sources. Consequently, this shift is encouraging the development and adoption of plant-based and synthetic squalene alternatives. Alongside this, the growing interest in nutritional supplements, the expanding cosmetics industry, and the increasing prevalence of conditions like cancer and cardiovascular disorders are also contributing to the demand for squalene. Innovations in renewable sourcing, as well as attractive marketing and packaging strategies, provide market players with additional opportunities.
In North America, the United States is the leading producer and consumer of squalene. The U.S. market is anticipated to grow significantly, driven by the booming cosmetics industry. This growth can be attributed to high levels of engagement with global cosmetic brands and rising demand for beauty products and services, especially with the increase in the working women population in the country.
End-use Segmentation Insights:
The personal care and cosmetics segment dominated the squalene market in 2023, holding over 70.1% of the revenue share. This growth is mainly due to squalene’s widespread use in various cosmetic products designed for skin and hair care. Squalene is commonly found in products for sun protection, skincare, and hair care, with approximately 70-80% of global squalene production going to the cosmetics industry.
Many multinational cosmetics companies, including L’Oréal, Unilever, and St. Botanica, have already started transitioning from shark liver oil-based squalene to plant-based alternatives due to their effectiveness and reduced environmental impact. For instance, in 2021, L’Oréal acquired the U.S.-based skincare brand Youth to the People, which has operations in the U.S., Canada, Australia, and parts of Europe. Youth to the People produces skincare products using plant extracts, allowing L’Oréal to incorporate more plant-based ingredients into its cosmetics, decreasing reliance on shark-derived sources.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
#Squalene Market Overview#Squalene Market Research#Squalene Market Forecast#Squalene Market Size#Squalene Industry
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Squalene Industry Growth Trends, Research and Revenue Analysis, 2030
The global squalene market was valued at approximately 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. A significant driver of this growth is the increasing use of natural ingredients within the personal care and cosmetics industry. Squalene’s transparency, low odor, and moisturizing properties make it highly valued as an emollient. Due to its non-toxic nature, squalene is one of the most widely used ingredients in personal care products. Additionally, squalene oil is utilized in cosmetics to neutralize free radicals that can damage skin and contribute to aging.
In cosmetics and personal care, squalene serves as a moisturizing and cleansing agent in a variety of products, including lotions, hair conditioners, bath oils, lipsticks, creams, and foundations. The demand for natural and organic ingredients is increasing, which positively impacts the squalene market. Beyond cosmetics, the rising demand for squalene in vaccines also contributes to market growth. Squalene plays a crucial role in vaccines, such as those developed for COVID-19, due to its efficacy in enhancing immune response.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Squalene used in vaccines and pharmaceuticals is traditionally derived from fish oil, specifically sourced from sharks. However, a report by the International Trade of Endangered Species highlights that five shark species face extinction, which has led to a reduction in the use of animal-based sources. Consequently, this shift is encouraging the development and adoption of plant-based and synthetic squalene alternatives. Alongside this, the growing interest in nutritional supplements, the expanding cosmetics industry, and the increasing prevalence of conditions like cancer and cardiovascular disorders are also contributing to the demand for squalene. Innovations in renewable sourcing, as well as attractive marketing and packaging strategies, provide market players with additional opportunities.
In North America, the United States is the leading producer and consumer of squalene. The U.S. market is anticipated to grow significantly, driven by the booming cosmetics industry. This growth can be attributed to high levels of engagement with global cosmetic brands and rising demand for beauty products and services, especially with the increase in the working women population in the country.
End-use Segmentation Insights:
The personal care and cosmetics segment dominated the squalene market in 2023, holding over 70.1% of the revenue share. This growth is mainly due to squalene’s widespread use in various cosmetic products designed for skin and hair care. Squalene is commonly found in products for sun protection, skincare, and hair care, with approximately 70-80% of global squalene production going to the cosmetics industry.
Many multinational cosmetics companies, including L’Oréal, Unilever, and St. Botanica, have already started transitioning from shark liver oil-based squalene to plant-based alternatives due to their effectiveness and reduced environmental impact. For instance, in 2021, L’Oréal acquired the U.S.-based skincare brand Youth to the People, which has operations in the U.S., Canada, Australia, and parts of Europe. Youth to the People produces skincare products using plant extracts, allowing L’Oréal to incorporate more plant-based ingredients into its cosmetics, decreasing reliance on shark-derived sources.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
#Squalene Market Overview#Squalene Market Research#Squalene Market Forecast#Squalene Market Size#Squalene Industry
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Squalene Market Outlook, Share, Opportunities and Forecast to 2030
The global squalene market was valued at approximately 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. A significant driver of this growth is the increasing use of natural ingredients within the personal care and cosmetics industry. Squalene’s transparency, low odor, and moisturizing properties make it highly valued as an…
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Squalene Market Size, Key Companies, Trends, Growth and Forecast Report 2024 - 2030
The global squalene market size is expected to reach USD 307.9 million by 2030, expanding at a CAGR of 10.9% from 2024 to 2030, as per the new report by Grand View Research, Inc. The industry is majorly driven by rising health awareness among the masses and continuously rising demand for squalene in personal care and cosmetics. Squalene acts as an emollient and provides nourishment to the skin. Moreover, it finds application in pharmaceuticals due to its ability to act as an anti-cancer and anti-oxidant agent.
Squalene is now largely produced from plants. It can be obtained from vegan sources such as sugarcane, rice bran, wheat germ, palm trees, and olives, with olives being the most popular. Although many businesses prefer squalene derived from plants, there is still a possibility that it comes from animals. The demand for the product from shark liver oil is still in the market because of its low cost. In the cosmetics industry, products such as perfumes, lotions, eyeliners, and eye shadows, contain squalene in the range of 0.1% to 10%, whereas other products such as foundations and lipsticks contain 50% of the product.
The usage of synthetic and plant-based squalene has been motivated by the growing concerns over the extinction of sharks. To create squalene from plants or synthetic processing, manufacturers are engaged in research & development. A supplier of natural component products for the cosmetics market, Sophim, invested USD 11.94 million to increase its production capacity. Two-thirds of the company's investment is to be made in Spain, where a production facility is planned to be built to treble the amount of squalene that can be extracted from olive oil.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Detailed Segmentation:
Market Dynamics
The European Union has banned the use of shark oil-based products in the cosmetic industry, which has further forced manufacturers to focus on finding suitable alternatives for the product. Increasing concerns regarding the extinction of sharks have prompted use of plant-based and synthetically derived products. Its extraction has shifted towards plant-based oil that includes rice bran, amaranth olive, and others. About 65% of olive oil exports are produced, consumed, and exported by the European Union.
Source Insights
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.
Plants are alternatives to sharks for extraction of the product as they can be grown and harvested sustainably. For example, the monkey Jack, or Artocarpus lakucha is an Asian plant that produces 10%-20% of its product, equivalent to its dry weight capacity. The product can also be extracted from its leaves having high purity.
End-use Insights
The personal care and cosmetics segment dominated the market with a revenue share of over 70.1% in 2023. The growth in this segment can be attributed to the usage of squalene in a variety of cosmetic products meant for skin care and hair care.
Squalene is used in a variety of cosmetic products meant for sun care, skincare, and hair care. Approximately 70-80% of the total product produced globally is consumed by the cosmetics industry. Multinational cosmetic companies such as L’Oréal, Unilever, and St. Botanica have already started to shift from shark liver oil-based to plant-based products for use in their personal care products and cosmetics owing to its exceptional properties, along with less extinction risk posed by them to sharks.
Regional Insights
Europe dominated the market with a revenue share of over 32.8% in 2023, followed by Asia Pacific region. This is attributed to large-scale production of olive oil, which is a major plant-based source of product, and increased demand for the product from major economies such as Germany, France, UK, Italy, and Spain, in the region.
As of 2023, Europe accounted for a significant share of olive oil production. Italy, France, and Spain are a few among nine producing member countries in the region. Spain accounts for more than half of the total area under olive groves in Europe. Squalene manufacturers in this region are switching to production of plant-based squalene from shark-based ones.
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.
Key Companies & Market Share Insights
The market is fragmented and competitive with presence of several players. Major players are clustered in European and North American regions, whereas several small players are clustered in Asia Pacific, mainly in India, China, and Japan, as the region offers easy access to shark liver oil and olive oil, which are essential raw materials for production of the product.
Partnership strategies have been adopted by the leading players in the market to enhance the reach of their products by leveraging the networks of acquired players and geographic availability. For instance, in May 2023 Amyris announced its partnership with Croda International Plc. in order to supply pharmaceutical-grade squalene in adjuvants to boost the immune response.
Key Squalene Companies:
• Amyris, Inc.
• Sophim SAS
• Henry Lamotte Oils GmbH
• efpbiotek
• Vestan Limited
• Kuraray Co., Ltd.
• Croda International Plc
• AASHA BIOCHEM
• Arbee
• Oleicfat, s.l.
• Kishimoto Special Liver Oil Co., Ltd.
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
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
#Squalene Market#Squalene Market size#Squalene Market share#Squalene Market analysis#Squalene Industry
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Understanding the Squalene Market: Trends, Applications, and Future Prospects
The Squalene Market was valued at USD 141.3 billion in 2023-e and will surpass USD 210.1 billion by 2030; growing at a CAGR of 5.8% during 2024 - 2030. The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market.
The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market. The report also covers a detailed analysis of the competitive landscape which includes major players, their recent developments, growth strategies, product benchmarking, and manufacturing operations among others.
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Key Drivers
Cosmetic Industry Demand: Squalene is highly valued in the cosmetic industry for its moisturizing and anti-aging properties. Its ability to penetrate the skin and provide deep hydration makes it a preferred ingredient in skincare products, including creams, lotions, and serums.
Pharmaceutical Applications: Squalene's role as an adjuvant in vaccines has garnered attention, especially in the wake of the COVID-19 pandemic. Its immune-boosting properties enhance the effectiveness of vaccines, driving demand in the pharmaceutical sector.
Health Supplements: Recognized for its antioxidant properties, squalene is increasingly used in dietary supplements. It helps in reducing cholesterol levels, boosting the immune system, and improving overall health.
Shift Towards Plant-Based Sources: With growing concerns over shark conservation and ethical sourcing, there is a significant shift towards plant-based squalene. This transition not only supports sustainability but also caters to the vegan and cruelty-free market segments.
Market Challenges
Sustainability Concerns: The traditional extraction of squalene from shark liver has raised significant environmental and ethical issues. Overfishing and the decline of shark populations have prompted a need for sustainable alternatives.
Regulatory Hurdles: The cosmetic and pharmaceutical industries are heavily regulated. Ensuring compliance with various international standards can be challenging for manufacturers, especially when sourcing and processing natural ingredients.
High Production Costs: Producing squalene, particularly from plant-based sources, can be costly. This affects the overall pricing of squalene-based products, potentially limiting market growth.
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Future Prospects
Technological Advancements
Advancements in biotechnology and synthetic biology hold promise for the squalene market. Techniques such as microbial fermentation are being explored to produce squalene more sustainably and cost-effectively. These innovations could revolutionize the market by providing a consistent and ethical source of squalene.
Expanding Applications
The potential applications of squalene are expanding beyond cosmetics and pharmaceuticals. Emerging research suggests that squalene could play a role in new therapeutic areas, such as cancer treatment and metabolic disorders. This could open new avenues for market growth and diversification.
Increased Consumer Awareness
As consumers become more informed about the ingredients in their products and the environmental impact of their choices, the demand for sustainably sourced squalene is expected to rise. Companies that prioritize transparency and ethical practices are likely to gain a competitive edge.
Regional Insights
· North America
· Europe
· Asia-Pacific
Conclusion
The squalene market is at a pivotal point, characterized by significant opportunities and challenges. The transition towards sustainable and ethical sourcing, coupled with technological innovations, is set to shape the future of the industry. As consumer preferences evolve and regulatory landscapes shift, the squalene market is poised for continued growth and transformation.
Understanding these trends and adapting to the changing dynamics will be crucial for stakeholders looking to thrive in this promising market. With its myriad applications and growing consumer base, squalene is undoubtedly a compound of significant interest and potential in the years to come.
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Squalene Market Size, Status and Forecast 2030
Squalene Industry Overview
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.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
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.
Squalene product, used in vaccines and pharmaceutical products is a purified version of fish oil, which is extracted from sharks. A report published by the International Trade of Endangered Species states that five shark species are in danger of extinction. This is anticipated to significantly reduce animal-based products and further drive plant- and synthetic-based sources.
The squalene industry also benefited from rising interest in nutritional supplements, expansion of the cosmetics sector, and prevalence of cancer and cardiovascular disorders. New renewable sources for product manufacturing along with appealing marketing and packaging techniques give market participants additional lucrative opportunities.
The U.S. is the largest producer and consumer of the product in North America. The market is expected to grow significantly over the forecast period owing to growth of the cosmetics industry in the country. The growth can be attributed to a high penetration rate of global cosmetic brands and an increase in demand for beauty care products and beauty clinics owing to the expanding working women population in the country.
The product is mainly extracted from shark liver oil and olive oil. Olive oil is a major source of extraction in the U.S. owing to restrictions imposed on poaching of marine animals under Marine Mammal Protection Act Policies (MMPA) that prohibit the take of marine mammals, including hunting, collecting, capturing, harassing, or killing them in waters and by citizens of U.S. on the high seas.
The act also makes it unlawful to import marine mammals and items derived from marine mammals into the country without necessary permits. This could lead to an increase in the use of plant-based or synthetically manufactured products over animal-based in the U.S. in coming years.
Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.
• The global lycopene market size was valued at USD 161.0 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
• The global anti-foaming agents market size was estimated at USD 5.64 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
Global Squalene Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global squalene market report based on source, end-use, and region.
Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Animal
Shark Liver Oil
Other Animals
Plants
Amaranth Oil
Olive Oil
Rice Bran Oil Plants
Other Amaranth Oil
Synthetic
End-use Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
Pharmaceuticals
Personal Care & Cosmetics
Nutraceuticals
Food & Beverages
Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Benelux
Asia Pacific
China
India
Japan
South Korea
Vietnam
Thailand
Indonesia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Key Companies & Market Share Insights
The market is fragmented and competitive with presence of several players. Major players are clustered in European and North American regions, whereas several small players are clustered in Asia Pacific, mainly in India, China, and Japan, as the region offers easy access to shark liver oil and olive oil, which are essential raw materials for production of the product.
Partnership strategies have been adopted by the leading players in the market to enhance the reach of their products by leveraging the networks of acquired players and geographic availability. For instance, in May 2023 Amyris announced its partnership with Croda International Plc. in order to supply pharmaceutical-grade squalene in adjuvants to boost the immune response:
Amyris, Inc.
Sophim SAS
Henry Lamotte Oils GmbH
efpbiotek
Vestan Limited
Kuraray Co., Ltd.
Croda International Plc
AASHA BIOCHEM
Arbee
Oleicfat, s.l.
Kishimoto Special Liver Oil Co., Ltd.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
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Squalene Industry Research 2030 Growth factors & Expected CAGR Of Top Leaders
The global squalene market was valued at USD 149.4 million in 2023, with an expected compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. The rising demand for natural ingredients, particularly in the personal care and cosmetics industries, is a key driver of this growth. Squalene, a translucent substance with low odor and moisturizing properties, has become one of the most sought-after emollients globally. Its lack of toxicity has further enhanced its use in personal care products. Squalene is especially valued in the cosmetics industry for its ability to neutralize free radicals that cause skin damage and accelerate aging.
The product is widely used as a moisturizing and cleansing agent in various cosmetics and personal care products, including lotions, hair conditioners, bath oils, lipsticks, creams, and foundations. In addition to its growing use in the cosmetics sector, the increasing demand for natural and organic ingredients is expected to boost squalene consumption. Another important factor contributing to market growth is squalene’s role in vaccines. It is an essential ingredient in vaccines, including COVID-19 vaccines, due to its effectiveness in enhancing immune responses. The type of squalene used in vaccines and pharmaceuticals is a purified form of fish oil, primarily extracted from sharks. However, concerns about the endangered status of certain shark species, as highlighted by the International Trade of Endangered Species, have led to a shift away from animal-based sources. This shift has spurred interest in plant- and synthetic-based squalene alternatives.
Gather more insights about the market drivers, restrains and growth of the Squalene Market
Source Segmentation Insights:
In 2023, the plant-based segment dominated the squalene market, accounting for over 82.3% of total revenue. This dominance is attributed to the declining population of sharks, increased awareness about animal welfare, and the regulatory frameworks implemented by governments to protect marine species. Plants have emerged as a sustainable alternative for squalene extraction, as they can be grown and harvested without threatening wildlife. For instance, the monkey jack tree (Artocarpus lakucha), native to Asia, can produce 10%-20% of its dry weight in squalene. High-purity squalene can also be extracted from the leaves of such plants.
According to the International Olive Council (IOC), global olive oil production is expected to reach 3.2 million tons, a 2.9% increase from the previous year, thanks to the widespread cultivation of olive trees. Squalene occurs naturally in olives, amaranth, and rice bran, with olives containing the highest concentrations, depending on the cultivar, extraction technology, and oil refining process. Extra virgin, unrefined olive oil contains higher amounts of squalene compared to refined oils, making it a preferred source for extraction.
Historically, shark squalene has been obtained from the liver oil of deep-sea sharks, which contain high concentrations of the substance. However, approximately 3,000 sharks are required to produce just one ton of squalene, leading to a significant decline in shark populations. It is estimated that 2.7 million deep-sea sharks are killed each year for their liver oil, driven by the demand in the cosmetics industry. Shark liver oil has been a primary natural source of squalene, valued for its wound-healing and infection-fighting properties, as it stimulates key innate immune cells involved in tissue repair and wound recovery.
To protect shark populations and encourage the use of plant-based squalene, various laws have been enacted. In India, for example, the extraction, possession, or trade of 10 species of elasmobranchs (sharks and rays) is strictly prohibited under the Wildlife (Protection) Act of 1972. These regulations, along with the growing availability of plant-based alternatives, are driving the transition away from shark-derived squalene and supporting the growth of the plant-based segment in the global market.
In conclusion, the global squalene market is poised for significant growth, driven by the increasing demand for natural ingredients in personal care and cosmetics, the rising use of squalene in vaccines and pharmaceuticals, and a shift toward sustainable, plant-based sources. The industry's future growth will likely be influenced by further technological advancements, regulatory changes, and consumer preferences for eco-friendly and ethical products.
Order a free sample PDF of the Squalene Market Intelligence Study, published by Grand View Research.
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5th & Glow LunaSkin Official Website!
5th & Glow LunaSkin Reviews – When skin is healthy, everyone can see that it looks better. “The first impression is the last impression,” as the saying goes, so no one wants to seem uninterested in their first meeting. Because of this, you should always look your best. Long-term contact with the sun's ultraviolet (UV) rays and, if not protected, possibly rough air particles can hurt the skin and make it look dry and dull. As you get older, your skin will show signs like age spots, fine lines and wrinkles, and changes in the color of your skin. It is also possible to see small lines and wrinkles.
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Benefits Of Organic Cold-Pressed Oil for Hair
The best form of self-love is taking care of yourself, whether in fitness, skincare, hair care, developing skills or building habits. You don't have to spend a lot of money on expensive hair treatments or products. Strategic and effective topical application of natural organic cold pressed oil for hair and scalp. Here are some beneficial plant-based cold-pressed oils for healthy and smooth hair.
What is Cold Pressing?
Oil is extracted from plants, fruits, grains or nuts by pressing them using heat machines, this process burns off the essential nutrients present in the seeds, which affect the quality of soil. Organic cold pressed oil is extracted by applying pressure in a controlled temperature setting. Cold-pressed oils retain their original nutrient elements found in seeds, plants, and nuts. They are an essential source of antioxidants and promote healthy hair.
Why Are Cold Pressed Oils Considered Better?
Organic cold pressed oil are produced in the most natural/organic way and use normal temperatures to extract oil from the plants, seeds or nuts unlike other types of oils that go through heating or chemical processes. The heating process of extracting oils loses the original nutrient value of plants, seeds or nuts. Cold pressed oils aren't extracted from severe heating or chemical processes, which allows them to retain their original nutrient value.
Essential Organic Cold Pressed Oils Beneficial For Hair Cold Pressed Virgin Coconut Oil
Coconut oil is one of the oldest oils, that have been used for generations. Coconut oils come in variant forms such as refined, cold-pressed, mechanical pressing and more. Low-quality coconut oils are easily available in the market, which drastically affects your hair health.
Cold-pressed virgin coconut oil contains several kinds of fatty acids such as oleic acid, lauric acid, palmitic acid, and small portions of linoleic acid, etc. These elements provide richness to the oil. The benefits oforganic cold pressed coconut oil are as follows:
Treating dull and frizzy hair
Topical hair treatment
Protect hair damage
Promotes hair growth
Reduces baldness and hair fall
Reduces dandruff
Cold Pressed Extra Virgin Olive Oil
Let us admit that discussing hair care, self-care, and healthy essential hair oils without mentioning olive oil is an injustice. The top-notch quality and purity of cold-pressed extra virgin olive oil is unmatched. They are greenish-dark in colour and are sold in tinted dark bottles to protect the oil formula from getting damaged. Cold-pressed extra virgin olive oil has a shorter lifespan compared to other cold-pressed oils.
Benefits of using cold-pressed extra virgin olive oil.
Rich in antioxidant properties, which nourish the scalp
A good source of vitamin E, linoleic acid, oleic acid, palmitic acid, squalene and other types of minerals which are essentially beneficial for the hair and skin
Ideal and best suitable for frizzy and dull hair
Perfect oil for hair massage
Cold Pressed Almond Oil
Cold-pressed almond oil is a perfect moisturizer for hair and scalp. Almond oil is rich in nutrient values just as eating almond offer multiple benefits, almond oil does wonders for hair. Cold pressed almond oil retains its original elements and heavily moisturizes the scalp. It also prevents the breakage of weak roots. Cold-pressed Rice Bran Oil is very beneficial for cooking and other multipurpose activities.
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Squalene Market – Global Industry Trends, Business Analysis, Growth Opportunities, Segmentation, Graph and Forecast Share to 2028
The report “Squalene Market by Source (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast]), End-use Industry (Cosmetics, Food, and Pharmaceuticals), and Region – Global Forecast to 2028″, size was USD 141 million in 2022 and is projected to reach USD 202 million by 2028, at a CAGR of 6.3%, between 2023 and 2028. Squalene is used in…
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