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

Drivers

Squalene Demand in Cosmetic Industry to Provide Lucrative Revenue Generating Opportunities

• Due to its moisturizing and anti-aging qualities, squalene is a popular component in skincare products. The market for cosmetics using squalene is anticipated to rise as consumers learn more about its benefits.

• Squalene has been found to support heart health and boost immunity, among other health benefits. As a result, there is now more demand for functional foods and squalene supplements.

• The well-established and controlled European squalene market maintains high standards for quality and safety. This increases consumer and industry trust and promotes market expansion.

Restraints

Low Squalene Stockpile to Hinder Market Growth

• Squalene is mainly produced from shark liver oil, which raises moral and ecological problems. This restricts the supply of squalene and raises questions about the effect on shark populations.

• Squalene is a premium ingredient in many products because the extraction and purification process can be costly. Its market potential may well be limited as a consequence in some industries.

• In some applications, such as food supplements and vaccines, squalene is subject to tight rules. This could reduce the market potential for items containing squalene and raise the cost of compliance.