USD 152.72 million
Squalene Market Size, Share, Growth Analysis, By End use(B2B, B2C, and others), By Application(Cosmetics and personal care, dietary supplements and functional foods, pharmaceutical, industrial), By Source(Vegetable based, animal based and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2130 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|Tables:
91
|Figures:
77
Squalene Market Insights
Global Squalene Market size was valued at USD 152.72 million in 2022 and is poised to grow from USD 163.10 million in 2023 to USD 276.08 billion by 2031, growing at a CAGR of 6.80% during the forecast period (2024-2031).
Squalene is becoming popular since Its use in various industries. The various advantages of the squalene market include its uses in health and Wellness, cosmetics and personal care, pharmaceutical, and industrial applications.
Squalene has become a valuable ingredient in the health and wellness industry due to its potential health benefits. It is commonly used in the production of dietary supplements, skincare products, and functional foods. Squalene is a natural antioxidant and is thought to have anti-inflammatory and immune-boosting effects, which makes it a popular ingredient in natural health products. In dietary supplements, squalene is often included as a source of antioxidants to protect cells from damage caused by free radicals. It is also believed to support healthy cholesterol levels and aid in the absorption of fat-soluble vitamins.
It is a natural organic compound that has gained popularity in the personal care industry due to its potential benefits for the skin. It is a powerful emollient and moisturizer, making it a common ingredient in skincare and personal care products. It is easily absorbed by the skin, and its moisturizing properties help to hydrate and protect the skin from dryness and environmental stressors. It is commonly used in moisturizers, serums, and other skincare products to improve the skin's texture and appearance. It is also believed to have anti-inflammatory properties, which may help to soothe the skin and reduce the appearance of redness and irritation. Additionally, its antioxidant properties may help to protect the skin from damage caused by free radicals, which can contribute to premature aging and other skin concerns. In the pharmaceutical industry, squalene is utilized as an adjuvant in the production of vaccines to enhance their effectiveness. Squalene helps to boost the body's immune response to the vaccine, leading to an increased production of antibodies and a stronger immune defense against diseases. The use of squalene as an adjuvant in vaccine production has shown promising results in various studies, particularly in the development of influenza vaccines. It is considered safe for use in humans and is approved by regulatory agencies such as the United States Food and Drug Administration (FDA) for use in vaccines. Overall, the versatile properties of squalene have made it a valuable commodity in the health and wellness industry. Its use in various products and potential health benefits have contributed to the growth of the squalene market.
US Squalene Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
B2C
Fastest Growth
B2C
Growth Rate
6.80% CAGR
Global Squalene Market ($ Bn)
Country Share for Asia pacific Region (%)
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Squalene Market Segmental Analysis
Global Squalene market is segmented based on Application, source, end-use, and region. By end use, the market is segmented into B2B, B2C, and others. By Application, the Squalene Market is segmented into Cosmetics and personal care, Dietary supplements and functional foods, Pharmaceutical, Industrial, and others. By Source, the Squalene Market is segmented into immune Vegetable based, animal-based, and others. By region, the Squalene Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Squalene Market Analysis by Application
In 2021, the personal care and cosmetics segment accounted for more than 70.0% of the global squalene market. The growth of this segment is mainly attributed to the usage of squalene in a wide range of cosmetic products, including skincare and hair care. Several global cosmetic companies, such as L’Oréal, Unilever, and St. Botanica, have started transitioning from shark liver oil-based squalene to plant-based squalene due to its exceptional properties and the reduced risk of extinction posed to sharks. This shift is expected to drive the growth of the personal care and cosmetics segment in the squalene market in the coming years.
Global Squalene Market By end use
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Squalene Market Regional Insights
As of 2021, the squalene market was dominated by the Asia Pacific region, which accounted for the largest share of the market. This region's growth can be attributed to the rising demand for squalene in various industries, including cosmetics, pharmaceuticals, and food. With the increasing consumer awareness regarding the health benefits of squalene and the growing demand for natural ingredients in cosmetics and personal care products, the demand for squalene in the Asia Pacific region will enhance in the forecasted period.
On the other hand, North America is expected to be the fastest-growing region in the squalene market during the forecast period. This growth can be attributed to the increasing demand for functional foods and nutraceuticals in the region, which has led to the increased use of squalene in these products. The market growth in this region is also driven by the increasing awareness among consumers about the health benefits of squalene, along with the growing trend towards natural and organic products in the cosmetics and personal care industry.
Global Squalene Market By Region
- Largest
- Fastest
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Squalene Market Dynamics
Squalene Market Drivers
Growing Demand in Food Industry is Boosting Market Growth
- Squalene has gained attention as a functional ingredient in the food industry due to its potential health benefits. It is believed to have immune-boosting and anti-inflammatory properties, making it a valuable ingredient in the development of functional foods and nutraceuticals. The demand for functional foods and nutraceuticals has contributed to the growth of the squalene market in the food industry. Functional foods are those that have been enriched with specific nutrients or functional ingredients and are designed to provide health benefits beyond basic nutrition. Nutraceuticals are products that contain bioactive compounds with potential health benefits. Its potential health benefits have made it a popular ingredient in functional foods and nutraceuticals, such as dietary supplements and fortified foods. It is commonly used in the development of products targeted toward immune health, cardiovascular health, and inflammation management.
Squalene Market Restraints
Higher Production Costs can Hinder Market Growth
- The production of squalene can be challenging due to several factors, such as the limited availability of raw materials and the requirement for specialized equipment and technologies. As a result, squalene production can be time-consuming and costly, making it difficult for small businesses to enter the market and compete with larger players. Additionally, the limited availability of raw materials, particularly shark liver oil, has resulted in high prices for squalene products. This has made it challenging for consumers to access squalene-based products, particularly in regions where the demand is high, but the supply is limited.
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Squalene Market Competitive Landscape
The squalene market is highly competitive, with several players operating in the industry. These companies compete based on factors such as product quality, innovation, pricing, and distribution channels. The market is characterized by a few large players dominating the market share, while smaller players struggle to gain a foothold due to the high production costs and limited availability of raw materials. The dominant players in the squalene market have a significant advantage in terms of economies of scale, distribution networks, and brand recognition. They invest heavily in research and development to innovate and improve their product offerings, further consolidating their market position. Smaller players in the market focus on niche markets or specific product applications, such as skincare, personal care, or nutraceuticals, to differentiate themselves from the larger players. They rely on their flexibility and ability to respond to changing market trends and consumer preferences to remain competitive. The squalene market is also influenced by regulatory factors, particularly in the food and pharmaceutical industries, which can pose challenges for smaller players with limited resources. Compliance with regulations can be costly, time-consuming, and require specialized expertise.
Squalene Market Top Player’s Company Profiles
- Sophim
- Kishimoto Special Liver Oil
- New Zealand Green Health
- Arista Industries
- SeaDragon Marine Oils Limited
- Nucelis LLC
- Amyris, Inc.
- Maruha Nichiro Corporation
- EFP
- Carbomer
- Ekiz Olive Oil and Soap Inc.
- Atrium Innovations Inc.
- Empresa Figueirense de Pesca
- Koyo Mercantile Co., Ltd.
- FMC Corporation
- Merck KGaA
- Croda International Plc
- R&S Pharmchem Co., Ltd.
- Gracefruit Limited
- The Lubrizol Corporation
Squalene Market Recent Developments
- In February 2023, In a move to expand its product portfolio, Givaudan, the leading provider of flavors and fragrances worldwide, announced the acquisition of specific cosmetic ingredients from Amyris, a biotechnology company based in California. This deal includes Amyris' squalane, derived from sugarcane and a sustainable substitute for the squalane found in the livers of deep-sea sharks.
Squalene Key Market Trends
- There is a growing interest in functional foods and nutraceuticals among consumers, which has resulted in an increased use of squalene in these products. This demand can be attributed to the potential health benefits associated with squalene, including its immune-boosting and anti-inflammatory properties. As a result, squalene is becoming an increasingly popular ingredient in the development of products aimed at promoting immune health, cardiovascular health, and inflammation management. This trend has contributed to the growth of the squalene market and is expected to continue in the future.
Squalene Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After conducting an analysis of the global squalene market, we anticipate significant growth in this sector during the forecast period, owing to several advantages it provides. Squalene is a versatile ingredient that finds applications in various industries, including health and wellness, cosmetics and personal care, pharmaceutical, and industrial sectors. Furthermore, there is a growing demand for squalene in these industries, which is expected to contribute to the growth of the squalene market. One of the key drivers for the squalene market is its potential health benefits. It is believed to have immune-boosting and anti-inflammatory properties, which have led to its increased use in the development of functional foods and nutraceuticals. This trend is expected to continue, with the demand for functional foods and nutraceuticals projected to rise.
Despite the potential advantages, squalene production is not without its challenges. Factors such as the limited availability of raw materials and the requirement for specialized equipment and technologies make the production process costly and time-consuming. These challenges have made it difficult for smaller companies to enter the market and have resulted in higher prices for consumers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 152.72 million |
| Market size value in 2031 | USD 276.08 billion |
| Growth Rate | 6.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Squalene Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Squalene Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Squalene Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Squalene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Squalene Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Squalene Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Squalene Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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