The global squalene market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include an increase in demand for cosmetics and personal care. Nowadays, people are more into skincare and cosmetic products such as creams, lotions, bath oils, and foundations, especially women.
The Important Elements of the Squalene Market
Squalene gets directly absorbed by human skin and is used as hydrating, cleansing, and moisturizing compound in skin care products. It has various properties such as anti-aging, antioxidant, and UV protection. The other factors supporting the market’s growth are the rise in consumption of dietary supplements, increasing awareness of nutritional and health benefits, and an upsurge in demand for natural and organic ingredients. Additionally, eye-appealing marketing and packaging strategies offer lucrative opportunities to the market players in the upcoming years.
Growth In Pharmaceutical and Cosmetic Industries
Squalene has a wide range of applications in cosmetics, and pharmaceuticals due to its beneficial properties such as anti-aging, UV protection, and antioxidants. Due to the rapid growth in the pharmaceutical and cosmetic industry, the growth of the squalene market is expected. Squalene is used in pharmaceutical industries such as to boost the active ingredient present in vaccines, in ointments as a spreading agent, in the treatment of cancer and cardiovascular diseases, and in care products. In addition, demand for squalene is growing as people are more into personal care and hygiene. Squalene is used as a cleansing, hydrating, and moisturizing compound in various skincare products such as lotions, hair conditioners, foundations, creams, and lipsticks. Thus, in turn, significant growth in the squalene market is projected in the forecast period.
Increasing Awareness of Nutritional and Health Benefits
Growing awareness of nutritional and health benefits among the masses is increasing the demand for the squalene market, globally. The rising consumption of squalene due to its health benefits and greater nutritional content is also one of the key factors for the growing squalene market. Over the past few years, people have started to emphasize their well-being. They have started making healthy choices such as including various dietary supplements which use squalene as a key ingredient, which aids in the prevention of asthma, psoriasis, arthritis, and reduces cholesterol levels, and plasma sterol levels. Due to the rising demand for squalene, considerable growth in the squalene market is expected in the upcoming years.
Increase in R&D activities
Extensive research and development (R&D) activities in the biotechnology sector are propelling the growth of the squalene market. Due to the increase in R&D activities, the potential application of squalene in various fields is studied. For instance, laboratory studies have verified that squalene is suitable to be used as a major immune booster ingredient. The research and development associated with the therapeutic use of squalene as adjunctive therapy in a variety of cancers are expected to offer opportunities for the squalene market over the coming years. Growth in R&D activities in the pharmaceuticals industry and increasing popularity in nutraceuticals are likely to support the growth of the squalene market.
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Market Segmentation
The global squalene market is segmented into source, end user, and company. Based on the source, the market is divided into animal-based squalene, plant-based squalene, and biosynthetic squalene. Based on end-user, the market is divided into cosmetics, pharmaceuticals, food, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising demand for cosmetic products and increasing consumption of dietary supplements in the country.
Market Players
Amyris, Inc, Merck KGaA, Kishimoto Special Liver Oil Co., Ltd., Sophim, Empresa Figueirense De Pesca, Lda, Cibus Ltd., Arbee Biomarine Extracts Pvt Ltd, Nucelis LLC, Maruha Nichiro Corporation, and Gracefruit Limited are some of the leading companies operating in the market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume Units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
| Segments covered | · Source· End User· Company |
| Regional scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa |
| Key companies profiled | Amyris, Inc, Merck KGaA, Kishimoto Special Liver Oil Co., Ltd., Sophim, Empresa Figueirense De Pesca, Lda, Cibus Ltd., Arbee Biomarine Extracts Pvt Ltd, Nucelis LLC, Maruha Nichiro Corporation, and Gracefruit Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global squalene market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Squalene Market, By Source:
- Animal-Based Squalene
- Plant-Based Squalene
- Biosynthetic Squalene
- Squalene Market, By End User:
- Cosmetics
- Pharmaceuticals
- Food
- Others
- Squalene Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Squalene Market.
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Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on the Global Squalene Market
- Voice of Customer
- Global Squalene Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Source (Animal Based Squalene, Plant-Based Squalene, Biosynthetic Squalene)
6.2.2. By End User Industry (Cosmetics, Pharmaceuticals, Food, Others)
6.2.3. By Region
6.2.4. By Company (2021)
6.3. Product Market Map
- North America Squalene Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By End User Industry
7.2.3. By Country
7.3. North America: Country Analysis
7.3.1. United States Squalene Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Source
7.3.1.2.2. By End User Industry
7.3.2. Mexico Squalene Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Source
7.3.2.2.2. By End User Industry
7.3.3. Canada Squalene Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Source
7.3.3.2.2. By End User Industry