Squalene Market Size to grow by USD 62.9 million between 2024-2028
According to a research report “ Squalene Market” by End-user (Cosmetic and personal care products, Food supplements, Pharmaceutical) Type (Vegetable, Animal, Biosynthetic) Geography (Europe, APAC, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 62.9 million, at a CAGR of 6.79% during the forecast period. The depletion of the ozone layer has resulted in an increase in ultraviolet radiation, posing significant health risks such as skin cancer and cataracts. Skin cancer is a prevalent disease in the US, with approximately 9,500 new cases diagnosed daily. Research indicates that women under 45 who use tanning beds are at a higher risk of developing skin cancer, including melanoma. To mitigate these risks, dermatologists strongly advise the use of water-resistant sunscreens with an SPF of 30 or higher. Daily sunscreen application reduces the risk of skin cancer by 24%. Incorporating this preventative measure into daily routines is crucial for maintaining healthy skin and overall wellbeing..
Browse market data tables, figures, and in-depth TOC on “Squalene Market” by End-user (Cosmetic and personal care products, Food supplements, Pharmaceutical) Type (Vegetable, Animal, Biosynthetic) Geography (Europe, APAC, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Cosmetic and personal care products segment is projected to dominate the market size in 2024
The global squalene market holds significant growth potential in the cosmetics and personal care industry, with squalene and squalane being key components due to their superior skin benefits. Sourced from olives, wheat germ oil, and rice bran, squalene is a natural organic substance that functions as a precursor to cholesterol and plays a vital role in skin hydration and protection. Squalane, derived from squalene through hydrogenation, is a stable form ideal for skincare applications. Both squalene and squalane provide moisturizing, anti-aging, anti-inflammatory, and healing properties, making them indispensable ingredients in skincare formulations.
By Type, Vegetable segment is expected to hold the largest market size for the year 2024
Squalene, a naturally occurring compound sourced from olives, rice bran, amaranth seeds, and wheat germ, has gained considerable traction in both the cosmetic and pharmaceutical sectors due to its multifaceted applications and potential advantages. In the realm of cosmetics, vegetable squalane, a stable derivative of squalene, is a preferred component in various skincare formulations, including moisturizing creams, lotions, serums, lip balms, hair care products, sun protection solutions, and makeup. The lightweight texture, effortless absorption, and hydrating properties of vegetable squalane make it an optimal selection for skincare concoctions. Highly refined vegetable squalane, which shares a similar molecular structure to skin lipids, provides robust moisturizing capabilities and exceptional permeability, contributing to the prevention of skin dryness and the preservation of skin health.
Europe is forecasted to hold the largest market size by region in 2024
The Squalene market is experiencing significant growth due to its increasing demand in various industries. This organic hydrocarbon is a key ingredient in cosmetics and personal care products for its moisturizing properties. In addition, its applications in the pharmaceutical sector, particularly in the production of vaccines and therapeutics, are driving market expansion. Companies are investing in research and development to explore new uses and production methods for this versatile compound.
The Squalene Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Squalene is a naturally occurring hydrocarbon that has gained significant attention in the nutraceutical and cosmetics industries due to its potential benefits in anti-aging and skin care. Traditionally sourced from shark liver oil, there is growing interest in plant-based alternatives, such as rice bran oil and Amaranth oil, which contain high levels of this valuable compound. Terpene oils, derived from tobacco crops, are also being explored as potential sources of squalene. Nutraceutical firms are investing in the production of vegetable-sourced squalene to meet the increasing demand for sustainable and ethical alternatives. The MMPA (Marine Mammal Protection Act) has led to a decline in shark populations, making animal-sourced squalene increasingly scarce and expensive. Squalene is a potent antioxidant that helps protect the skin from free radicals and the aging process. It is commonly used in emollients, cosmetics, and personal care products, such as masks, oils, serums, and creams. The cosmetics sector is expected to be the largest consumer of squalene due to its excellent emollient properties and ability to improve skin hydration and elasticity. However, concerns over toxicity and sustainability have led to the exploration of plant-based sources, ensuring a more ethical and eco-friendly future for this valuable ingredient.
Market Research Overview
The Squalene market is witnessing significant growth due to the increasing demand for plant-based squalene derived from renewable sources such as rice bran oil and Amaranth oil. The plant segment is set to dominate the market as it offers sustainability and reduces the dependency on animal-sourced squalene from shark liver oil. Synthetic squalene is also gaining popularity due to its cost-effectiveness and consistency in production. Nutraceutical firms are using squalene in various applications, including nutritional supplements, for its anti-aging properties. In the pharmaceutical sector, squalene is used as an adjuvant in vaccines, particularly in flu vaccinations, for antigen dosage sparing and enhancing heterologous antibody responses. This is leading to increased demand for squalene in the oncology segment for the production of CureVac N, Sanofi S, and GlaxoSmithKline's adjuvant systems. Terpene oils, olive oil, and nutritional supplements are other applications of squalene in the personal care sector. Squalene is used as a cleansing ingredient, emollient, and moisturizing agent in various cosmetics such as lipsticks, bath oils, hair conditioners, lotions, masks, and serums. The market for squalene is expected to grow further due to its benefits in skin care, protection against free radicals, and low toxicity. The shift towards vegetable-sourced squalene from renewable sources such as olives, sugarcane, and rice bran is reducing the reliance on animal-sourced squalene and shark populations. Squalane, a hydrogenated form of squalene, is also gaining popularity due to its stability and long shelf life. The market for squalene is expected to grow significantly in the coming years, driven by its diverse applications and the increasing demand for sustainable and renewable raw materials.
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