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

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.