Squalene Market Growth Factors, Applications, and Forecast by 2024-2032

Squalene Camera Market Valuation – 2024-2031

The Squalene Market is increased use of natural ingredients in personal care and cosmetics is expected to be the key driver of demand. Squalene is one of the world’s most popular emollients due to its transparency, low odor, and moisturizing properties. It is often used in personal care treatments because of its low toxicity. Squalene oil is also used in the consumer market to counteract free radicals, which harm the skin and speed up the aging process. The market size surpass USD 151.82 Million valued in 2023 to reach a valuation of around USD 249.37 Million by 2031.

The market is expected to be driven by increased R&D efforts in the oncology area, as well as higher spending on cancer medications. Experiment after experiment has shown that squalene-supplemented diets boost immune system activity. The principal applications of plant-based squalene, such as anti-aging, moisturizing, and emollient creams, are predicted to increase in income. Lotions, ointments, creams, and lipsticks are highly sought after due to their anti-inflammatory and antioxidant properties. The rising demand for squalene is enabling the market grow at a CAGR of 7.06% from 2024 to 2031.

Squalene Market: Definition/ Overview

Squalene is a naturally occurring chemical molecule classified as unsaturated hydrocarbons. It is abundant in shark liver oil and, in smaller levels, in olive oil, rice bran, wheat germ, and human skin sebum. Squalene is commonly used in cosmetics and medicines because of its strong emollient qualities, which assist to moisturize and protect the skin. It also serves as a precursor for the manufacture of several steroids and is being studied for its potential immune-boosting properties, particularly as an adjuvant in vaccines. Squalene’s versatility and therapeutic characteristics make it an important element in a variety of health and beauty products.

Increased awareness of cleanliness and personal grooming activities has increased demand for a variety of cosmetic goods, including creams and lotions, which include squalene to improve spreadability and absorption. This is one of the primary drivers of growth in the Squalene Market. Furthermore, squalene supplementation has demonstrated good results in humans, owing to its ability to lower cholesterol levels, normalize plasma sterol levels, and improve general immunity. This has increased the popularity of squalene in nutraceuticals, hence enhancing the squalene industry. However, increased rules for marine animal conservation efforts have restricted the supply of squalene, as shark fin oil is the primary source of squalene production.

Furthermore, according to a report released by the International Trade of Endangered Species, approximately five shark species are on the edge of extinction. This is projected to significantly reduce the availability of squalene, limiting market growth.

Will Growing Demands for Cosmetics Products Propel the Squalene Market?

The increased demand for cosmetic items is expected to drive the Squalene Market significantly. As customers emphasize skincare and anti-aging remedies, the cosmetic sector is expanding rapidly, particularly in Asia-Pacific and North America. Squalene, noted for its great moisturizing capabilities and ability to improve skin suppleness, is a popular ingredient in a variety of beauty and personal care products. Its natural origin and compatibility with human skin make it a popular choice for creating high-end moisturizers, serums, and anti-aging creams, which drives its demand in the cosmetics industry.

The demand for natural and ecological beauty products is increasing the squalene industry. Many people are becoming more sensitive of the substances in their cosmetics, preferring eco-friendly and sustainably derived options. This trend is driving producers to use plant-based squalene replacements, such as those generated from olives and sugarcane, to address the need for eco-friendly and ethical products. As businesses continue to innovate and expand their product lines to include squalene-enriched formulations, the market for squalene is likely to increase, spurred by the cosmetic industry’s dynamic and changing landscape.

Will the Price Volatility of Raw Materials Impact the Demand for the Squalene Market?

The volatility of raw material prices can have a substantial impact on Squalene Market demand. Squalene is mostly derived from shark liver oil, while plant-based alternatives include olive oil and amaranth oil. Fluctuations in the availability and cost of these raw materials can cause price volatility for squalene, influencing its affordability and accessibility to manufacturers. When raw material costs rise, firms may incur greater manufacturing costs, which they might pass on to customers through higher product prices. This could affect demand, particularly in cost-sensitive markets such as cosmetics and personal care, where customers may prefer less expensive alternatives.

The ethical and environmental difficulties involved with obtaining squalene from shark liver oil have resulted in regulatory pressures and a shift toward more sustainable plant-based alternatives. However, the production of plant-based squalene is influenced by agricultural variables such as crop yields and climate conditions, which contribute to price volatility.

As the industry strives to strike a balance between cost, sustainability, and supply stability, volatility in raw material prices may spur innovation in alternative sources and synthetic manufacturing methods. While these efforts aim to reduce the impact of raw material volatility, demand may continue to fluctuate over the transition phase, depending on the market’s capacity to react to shifting costs and sourcing issues.

Category-Wise Acumens

Will the Sustainability Concern Drive the Plant Source Segment of the Squalene Market?

Sustainability concerns are driving significant growth in the plant-based Squalene Market. As people become more conscious of environmental issues and the impact of overfishing on marine ecosystems, there is a rising preference among consumers and business for sustainable and ethical alternatives to shark-derived squalene.

Plant sources such as olives, amaranth seeds, sugarcane, and rice bran offer a more environmentally friendly alternative, lowering the environmental impact and addressing ethical concerns about shark liver oil extraction. Companies and customers are increasingly valuing sustainability in their product selection, driving the market toward plant-based squalene alternatives.

Regulatory demands and certifications that promote sustainable operations intensify the transition toward plant-derived squalene. Governments and organizations are enacting stronger restrictions to safeguard marine life and biodiversity, urging the cosmetic and pharmaceutical businesses to use more sustainable sourcing methods. This regulatory framework, together with customer demand for environmentally friendly products, is driving R&D expenditures in plant-based squalene extraction and manufacture.

Will the Cosmetics Category Drive Significant Demand for the Squalene Market?

The cosmetics industry is expected to create considerable demand for the Squalene Market, owing to squalene’s superior moisturizing and emollient characteristics, which make it a popular ingredient in skincare and beauty products. Squalene, originating from both plant and animal sources, is similar to the natural oils produced by human skin, making it easier to absorb without leaving a greasy behind.

This property makes it suitable for a variety of cosmetic applications, such as moisturizers, anti-aging creams, sunscreens, and hair care products. As customers seek solutions that provide deep hydration and skin barrier protection, the demand for squalene-infused cosmetics is likely to increase dramatically.

The growing trend toward ecological and sustainable cosmetic products drives the demand for plant-derived squalene. With increased awareness of the environmental impact of acquiring shark components, the cosmetics industry is turning to more sustainable alternatives such as olives, amaranth seeds, and sugarcane. This shift not only coincides with customer demands for environmentally friendly products, but also contributes to the worldwide push for sustainability.

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Country/Region-wise Acumens

Will the Strong Cosmetics Industry of Europe Accelerate the Growth of the Squalene Market?

The robust cosmetics industry in Europe is expected to greatly boost the expansion of the Squalene Market. Europe is home to some of the world’s largest and most prominent cosmetic brands, including L’Oréal, Unilever, and Beiersdorf, which continue to drive innovation and customer demand for high-quality skincare products. Squalene, which is known for its great moisturizing and skin-protective characteristics, is a popular ingredient in cream, lotion, and serum formulations.

As consumers value natural and effective skincare solutions, demand for squalene in cosmetic goods is likely to increase. The region’s strong R&D skills and emphasis on product innovation support the incorporation of squalene into new and existing cosmetic formulas, which drives market expansion.

The European cosmetics business is distinguished by strict regulatory standards that prioritize the safety and efficacy of substances used in personal care products. Squalene, with its proven benefits and safety profile, complies with these regulations, making it a popular choice among producers. Furthermore, rising consumer awareness of ecological and ethically sourced ingredients is fueling a trend toward plant-based squalene made from olives and sugarcane. This movement not only promotes environmental sustainability but also meets the growing demand for vegan and cruelty-free products.

Will the Rapidly Growing Cosmetics Industry Accelerate the Squalene Market in the Asia Pacific Region?

The rapidly increasing cosmetics industry in the Asia Pacific is expected to greatly drive the Squalene Market. China, Japan, South Korea, and India are growing as important hubs for beauty and personal care products, driving up demand for high-quality, effective ingredients. Squalene, known for its great moisturizing and skin-protective characteristics, is becoming increasingly popular in a variety of cosmetic formulations, including skincare creams, lotions, and cosmetics. Consumers in the region are increasingly looking for items that provide both cosmetic and health benefits, prompting manufacturers to integrate squalene to match these changing tastes.

The growing middle class and rising disposable incomes in the Asia Pacific are driving up demand for premium and luxury cosmetics. This demographic transition is creating a strong market for advanced skincare products, and squalene’s natural origin and efficacy connect nicely with consumer preferences for clean, sustainable, and effective beauty components.

Furthermore, the region’s robust retail and e-commerce infrastructure expands access to these items, boosting the squalene industry. As cosmetic manufacturers continue to develop and cater to Asia Pacific consumers’ discriminating tastes, demand for squalene is projected to expand, cementing its position as a major ingredient in the thriving cosmetics sector.

Competitive Landscape

The Squalene Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Squalene Market include:

BASF SE, DSM, du Pont de Nemours and Company, Evonik Industries, Marubeni Corporation, Merck KGaA, Nihon Nohyaku Co., Ltd., Solvay S.A., Symrise AG, and Tate & Lyle PLC.

Latest Developments

• In May 2023, Amyris Inc. announced that it has struck an exclusive license arrangement with Croda International Plc to deliver sustainable squalene.
• In 2023, Sophim stated that it had completed a €20 million investment round,which would increase the company’s production capacity at two industrial locations in Peyruis and Almeria, as well as double the production of plant-derived squalene.
• In 2020, Nucelis Inc. reported that the United States Patent and Trademark Office had granted it a new patent for increasing vitamin D production, which is required for food, nutraceutical and pharmaceutical goods.

Report Scope

Squalene Market, By Category

Source:

• Animal Source
• Plant Source

Application:

• Cosmetics
• Pharmaceuticals
• Nutraceuticals

End User Industry:

• Cosmetics and Personal Care
• Pharmaceutical and Biotechnology
• Food and Beverage

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research:

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