The global squalene industry generated $114.5 million in 2020, and is estimated to reach $241.6 million by 2030, witnessing a CAGR of 7.8% from 2021 to 2030.
The squalene market is experiencing robust growth due to rising demand in cosmetics and pharmaceuticals for its moisturizing and anti-aging properties. Increased awareness of natural and sustainable ingredients is driving market expansion. Additionally, innovations in extraction techniques and applications are broadening its industry uses.
Allied Market Research published a report, titled, „Squalene Market by Source (Animal, Vegetable, and Synthetic Biotechnology), End Use Industry (Cosmetics, Nutraceuticals, and Healthcare): Global Opportunity Analysis and Industry Forecast, 2021–2030.“ Squalene is a colorless, oily triterpene hydrocarbon that is found in many animals and plants, including sharks, olives, and sugarcane.
Drivers, Restraints, and Opportunities:
Rise of the cosmetics industry, surge in value and potential of dietary supplements, and usage of squalene as a chemo-preventive agent drive the growth of the global squalene market. However, stringent government rules and regulations restrain the market growth. On the other hand, usage as an anti-oxidant and immune system support present new opportunities in the coming years.
Leading Market Players
Amyris, Inc.
Arista Industries Inc.
Empresa Figueirense De Pesca, Lda
Gracefruit Limited
Kshimoto Special Liver Oil Co., Ltd.
New Zealand Green Health Ltd.
Nucelis LLC
Otto Chemie Pvt. Ltd.
Seadragon Marine Oils Limited
Sophim Iberia S.L.
The animal segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.0% from 2021 to 2030.
The cosmetics segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.7% from 2021 to 2030.
The animal segment to maintain its dominant share in terms of revenue during the forecast period
Based on source, the animal segment held the largest market share in 2020, accounting for more than two-thirds of the global squalene market, and is projected to maintain its dominant share in terms of revenue during the forecast period. This is due to rise in the utilization of animal-based squalene in sectors such as cosmetics, pharmaceuticals, nutraceuticals, and others. However, the vegetable segment is estimated to witness the highest CAGR of 9.5% from 2021 to 2030, since most of the squalene producers are shifting to vegetable sources rather than an animal with the restrictions imposed by various governmental agencies.
