Europe Squalene Market Size, Share, Growth Analysis, By Source(Animal, Plant and Synthetic), By End User(Pharmaceuticals, Personal Care & Cosmetics, Nutraceuticals, Food & Beverages), By Region - Industry Forecast 2024-2031

Germany had the greatest volume share in 2021 with more than 18.0%. This is a result of the increased demand for squalene in goods including paint, varnish, leather, textiles, and cosmetics. Germany is one of Europe's largest markets for beauty products and is growing swiftly due to high domestic demand, which is likely to enhance the country's demand for squalene.

A prospective European market for the export of natural substances is Germany. The largest consumer market and major cosmetics production facilities are both situated in this country. Germany, the region's top producer of natural cosmetics, is expected to meet the region's increasing demand for cosmetics. Also, major cosmetic producers in this region, like L'Oréal, shifted from using animal-derived products to squalene produced from plants.

Portugal is expected to grow in volume at the highest CAGR of 8.6% throughout the forecast period due to its growing food and beverage sector. Rice bran, date palm, fungi, and amaranth seeds are just a few of the foods that naturally contain squalene. Squalene may improve immunity and lower the risk of developing some cancers, according to many studies that have been carried out. As well, the need to maintain a healthy lifestyle and the growing awareness of squalene's benefits are projected to increase squalene demand in the country over the forecast period.