Global Squalene Market

Global Squalene Market Size was valued at USD 154.6 million in 2023 and is poised to grow from USD 163.2 million in 2024 to USD 245.8 million by 2032, growing at a CAGR of 5.3% during the forecast period (2025–2032).

The increasing use of squalene in cosmetics, pharmaceuticals, dietary supplements, and vaccine adjuvants is significantly driving market demand. Its excellent emollient, antioxidant, and moisturizing properties have made it a preferred ingredient in skincare formulations, while its role in enhancing immune response has expanded its relevance in pharmaceutical applications. The market continues to benefit from rising consumer inclination toward premium personal care products and the expanding use of squalene-based adjuvants in global immunization programs. However, fluctuations in raw material availability—particularly shark-derived squalene—and regulatory restrictions related to sustainability and ethical sourcing pose notable challenges. Despite these issues, advancements in plant-based and synthetic squalene production are helping manufacturers reduce supply risks and support long-term market growth.

Top-down and bottom-up approaches were employed to estimate and validate the size of the Global Squalene Market and assess the size of dependent submarkets. The research process involved identifying key industry players through secondary research and validating their market share through primary insights. Data collection included the review of company reports, trade publications, ingredient usage data, and interviews with cosmetics formulators, pharmaceutical experts, and procurement managers. All percentage splits, segment breakdowns, and data points were thoroughly validated through multiple sources and cross-verification. Every factor affecting the market was examined, confirmed through primary data, and analyzed to deliver final qualitative and quantitative findings.

Global Squalene Market Segments Analysis

The Global Squalene Market is segmented by Source, Type, End-use Industry, and Region. Based on Source, the market is categorized into Shark Liver Oil, Vegetable Sources (Olive, Amaranth, Rice Bran, etc.), and Synthetic/Biosynthetic Sources. Based on Type, the market is segmented into Animal-Sourced Squalene, Plant-Sourced Squalene, and Synthetic Squalene. Based on End-use Industry, the market is divided into Cosmetics & Personal Care, Pharmaceuticals, Dietary Supplements, and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Driver of the Global Squalene Market

A key driver of the market is the growing consumption of high-quality cosmetics and personal care products worldwide. Squalene’s exceptional moisturizing ability, oxidative stability, and compatibility with skin lipids make it a critical ingredient in anti-aging creams, serums, and moisturizers. As consumers increasingly prefer premium and clean-label formulations, manufacturers are expanding the use of plant-derived and biotech-based squalene, supporting widespread adoption across the beauty and wellness sectors.

Restraints in the Global Squalene Market

A major restraint in the market is the limited availability and environmental concerns associated with shark-derived squalene. Regulatory bodies and sustainability-focused organizations have imposed strict guidelines on harvesting shark liver oil, creating supply challenges for producers. Additionally, high production costs for plant-based and synthetic alternatives pose barriers for small and mid-sized manufacturers. These supply and cost constraints hinder faster adoption across price-sensitive markets.

Market Trends of the Global Squalene Market

The Global Squalene Market is witnessing strong shifts toward plant-based and biosynthetic production due to increasing ethical and sustainability concerns. Technological advancements in fermentation-based squalene extraction and the expansion of olive- and sugarcane-derived sources are reducing dependency on marine sources. The growing demand for natural, vegan-friendly, and eco-conscious cosmetic ingredients is accelerating the use of sustainable squalene across major brands. Additionally, ongoing research on squalene’s role in vaccine adjuvants continues to open new pharmaceutical opportunities, strengthening long-term market prospects. Show more