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Squalene Market

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Squalene Market Size, Share, Growth, and Industry Analysis, By Types (Animal sourced, Vegetable sourced), By Applications Covered (Cosmetics, Food, Pharmaceuticals, Others) and Regional Insights and Forecast to 2033

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Last Updated: July 14 , 2025
Base Year: 2024
Historical Data: 2020-2023
No of Pages: 99
SKU ID: 17241126
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  • Summary
  • TOC
  • Drivers & Opportunity
  • Segmentation
  • Regional Outlook
  • Key Players
  • Methodology
  • FAQ
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Squalene Market Size

The Global Squalene Market size was USD 144.98 Million in 2024 and is projected to touch USD 151.36 Million in 2025 and reach USD 214.79 Million by 2033, exhibiting a CAGR of 4.4% during the forecast period 2025–2033. The Global Squalene Market is driven by rising applications across cosmetics, food supplements, and pharmaceuticals, with nearly 60% of the demand coming from skincare and personal care industries alone.

The US Market continues to show promising growth, accounting for around 28% of total global consumption as manufacturers shift towards plant-derived and sustainable squalene sources to meet clean beauty trends. With increasing focus on bio-based sourcing, about 40% of producers are exploring vegetable-based alternatives to shark-derived squalene. These trends reflect how the Global Squalene Market is evolving to balance ethical sourcing, safety standards, and consumer demand for high-performance emollients and antioxidants in daily use products.

Key Findings

  • Market Size - Valued at 151.36M in 2025, expected to reach 214.79M by 2033, growing at a CAGR Of 4.4%.
  • Growth Drivers - 60% cosmetic demand, 45% bio-based shift, 25% pharmaceutical adoption driving global market expansion.
  • Trends - 38% e-commerce growth, 12% algae-based sourcing, 35% vegetable-derived innovations fueling sustainability trends.
  • Key Players - Seadragon Marine Oils Limited, Amyris, Maruha Nichiro, Sophim, Kishimoto Special Liver Oil
  • Regional Insights - Europe leads with 35% market share driven by bio-based sourcing; Asia-Pacific holds 30% with strong cosmetics growth; North America accounts for 28%; Middle East & Africa covers 7% niche demand.
  • Challenges - 40% reliance on shark sourcing, 20% price sensitivity, 15% production cost concerns affect manufacturers.
  • Industry Impact - 35% sustainability investments, 18% algae fermentation expansion, 12% pharma R&D driving market impact.
  • Recent Developments - 20% bio-fermented capacity boost, 25% plant-based sourcing rise, 15% olive partnerships strengthen supply chains.

The Global Squalene Market is uniquely positioned as a multi-application ingredient that continues to gain traction due to its versatility and biocompatibility. Squalene, a natural triterpene, is widely recognized for its antioxidant, moisturizing, and immune-boosting properties, driving its use in cosmetics, food, and pharmaceutical sectors. Nearly 60% of the total demand comes from the cosmetic industry alone, as beauty brands embrace natural emollients to align with consumer preferences for clean and sustainable skincare. The pharmaceutical sector follows closely, holding about 25% market share, primarily for vaccine adjuvants and supplements. With growing sustainability concerns, approximately 45% of manufacturers are now producing vegetable-sourced squalene, reducing reliance on shark liver oil, which used to account for nearly 70% of the supply chain a decade ago. The US Market remains a key driver, contributing about 28% of the global demand thanks to strict FDA guidelines encouraging safer, ethical ingredient sourcing. Europe follows with roughly 35% share, showing significant growth in bio-sourced squalene adoption. Asia-Pacific is emerging fast, capturing about 30% due to expanding cosmetic manufacturing bases and increased consumer spending on premium skincare products. Overall, the Global Squalene Market is witnessing a shift toward transparent sourcing and innovative processing technologies, supported by strategic partnerships with algae oil producers and olive oil refiners to secure high-quality, sustainable supply chains.

Squalene market

Squalene Market Trends

The Global Squalene Market is experiencing dynamic trends that reflect shifting consumer behaviors and sustainability priorities. Nearly 45% of cosmetic brands now label squalene-based products as “clean beauty” certified, with about 38% of new product launches featuring vegetable-sourced or bio-fermented squalene. Shark liver oil still contributes about 40% of the market supply, but ethical concerns are driving steady replacement with plant-based sources like olive oil, which now holds about 30% share. Algae-derived squalene is also on the rise, representing roughly 12% of total production due to advances in fermentation technologies. The US Market, contributing 28% of global demand, shows strong growth in demand for premium skincare containing natural emollients. In Europe, around 50% of new cosmetic product formulations include sustainably sourced squalene, demonstrating the region’s regulatory focus on animal welfare and eco-friendly ingredients. Pharmaceutical applications account for about 25% of market consumption, with 10% of manufacturers investing in research to explore its potential in immunotherapies and vaccine adjuvants. About 15% of food supplement brands have added squalene for its reputed immune-boosting properties, aligning with rising consumer awareness of functional ingredients. E-commerce channels make up approximately 35% of squalene-based product distribution, pointing to evolving digital shopping habits. Together, these trends reflect how the Global Squalene Market is adapting to ethical sourcing, green manufacturing, and increased demand for safe, high-quality bioactives across industries.

Squalene Market Dynamics

drivers
DRIVERS

Rising adoption in natural cosmetics

About 60% of squalene demand stems from the cosmetics sector as nearly 45% of consumers prefer natural emollients. Bio-based sourcing now accounts for 35% of supply.

opportunity
OPPORTUNITY

Growth in vaccine and pharma applications

Pharmaceutical applications make up 25% of market share, with about 10% of manufacturers expanding into vaccine adjuvant research. Algae-derived sources attract 12% investment interest.

RESTRAINTS

Volatility in raw material supply

Shark-based sourcing still covers around 40% of supply, but about 30% of producers face pressure to shift to plant sources. Supply chain gaps impact 20% of smaller players.

CHALLENGE

High production and extraction costs

Vegetable and algae-sourced squalene make up 42% of output but cost around 20% more to process. About 15% of manufacturers cite price sensitivity as a barrier for wider use.

Segmentation Analysis

The Global Squalene Market segmentation shows clear differences by type and application. Animal-sourced squalene still represents about 40% of the market, mainly from shark liver oil, but ethical issues are encouraging a shift to vegetable and algae-based alternatives. Vegetable-sourced squalene holds approximately 35% share, with olive oil leading the source category, while algae-derived varieties account for about 7% and are gaining traction with around 12% of new investments. On the application side, cosmetics dominate with about 60% market share due to strong demand for moisturizers and serums. Pharmaceuticals account for roughly 25% as vaccine adjuvants and immune-boosting supplements grow in popularity. Food applications represent around 10% share, mainly in functional health supplements. The remaining 5% includes niche areas like industrial lubricants and specialty chemicals. Regional analysis shows the US Market driving demand for sustainable products while Europe pushes for stricter animal welfare compliance, collectively reshaping segmentation trends for this versatile ingredient.

By Type

  • Animal–sourced: Animal–sourced squalene makes up about 40% of the supply, mainly from shark liver oil. Nearly 25% of large producers still rely on this method despite ethical concerns.
  • Vegetable–sourced: Vegetable–sourced squalene now holds about 35% share, with olive oil contributing around 28%. Algae-derived options account for nearly 7%, showing promising sustainability growth.

By Application

  • Cosmetics: Cosmetics lead with a 60% share as over 45% of consumers prefer natural, non-irritating emollients. Bio-based formulations represent about 35% of this segment.
  • Food: Food applications make up about 10%, with nearly 8% used in health supplements for immune support and antioxidant benefits.
  • Pharmaceuticals: Pharmaceuticals hold a 25% share due to their use in vaccine adjuvants. Roughly 10% of new pharma R&D budgets include squalene innovations.
  • Others: Other applications account for 5%, covering industrial uses and niche chemical sectors with about 2% of new developments.

report_world_map

Regional Outlook

The Squalene Market shows clear regional variations shaped by sustainability efforts, ethical sourcing, and diverse industry demands. North America holds about 28% of the global share, driven by strong consumer preference for clean beauty and natural ingredients in the US Market. Europe commands the highest share at 35%, reflecting strict regulations favoring plant-based and bio-fermented squalene, with nearly 50% of cosmetic brands shifting to ethical sourcing. Asia-Pacific accounts for 30% of the total market, supported by robust growth in cosmetics manufacturing and rising health awareness in countries like China and Japan. The Middle East & Africa region covers around 7% share, where local producers are steadily exploring vegetable and algae-based squalene to meet niche pharmaceutical and skincare demand. E-commerce sales account for about 38% of product distribution across all regions, showing how digital channels continue to reshape access to premium squalene products. Regional players are also investing in local extraction facilities, with approximately 25% of new plants based in Asia-Pacific and Europe combined.

North America

North America represents nearly 28% of the Squalene Market share, with the US Market accounting for more than 70% of this region’s demand. About 55% of local manufacturers now focus on vegetable- and algae-sourced squalene as consumer interest in sustainable skincare rises. Cosmetics applications dominate with roughly 65% regional share, followed by pharmaceuticals contributing 20%. Over 35% of brands market their squalene products under clean beauty labels, highlighting transparency and ethical sourcing. E-commerce accounts for approximately 40% of total regional sales as consumers prefer convenient access to premium skincare and supplements. Growing collaboration with olive oil producers is visible, with about 18% of sourcing deals involving regional farmers and refiners.

Europe

Europe holds around 35% share of the global Squalene Market, making it the largest regional contributor. Nearly 50% of squalene used here comes from vegetable and bio-fermented sources, showing the impact of strict environmental and animal welfare regulations. Cosmetics remain the leading application, representing about 60% of regional consumption, with pharmaceuticals following at 30%. Local production accounts for roughly 40% of supply, with major players sourcing olive oil and algae locally to reduce imports. About 20% of European cosmetic brands have launched new product lines featuring plant-based squalene. E-commerce penetration is significant, contributing nearly 42% of the distribution network, especially in Western Europe where consumers prioritize clean labels and cruelty-free ingredients.

Asia-Pacific

Asia-Pacific captures 30% of the global Squalene Market share, led by expanding cosmetic industries in China, Japan, and South Korea. Approximately 50% of squalene in the region is still animal-sourced, but about 25% of local producers are transitioning to algae and vegetable alternatives. Cosmetics applications contribute about 70% of regional demand as premium skincare gains popularity. The pharmaceutical sector represents around 20%, supported by increased focus on immune-boosting supplements. E-commerce channels make up nearly 35% of squalene product distribution. About 30% of manufacturers in Asia-Pacific are investing in bio-fermentation technologies to secure stable supply chains and cater to the region’s growing sustainability expectations.

Middle East & Africa

Middle East & Africa holds around 7% of the Squalene Market share but shows gradual growth in niche segments like pharmaceutical applications, which account for 40% of demand here. Cosmetics make up about 50% of regional consumption as consumers seek natural moisturizers for arid climates. Local production is limited, with about 75% of squalene still imported, although 10% of new projects focus on olive oil and algae extraction facilities. E-commerce contributes around 25% of sales as online health and beauty shopping expands. Regional governments support sustainable sourcing, with about 12% of local producers adopting bio-based and ethical practices to attract premium buyers.

List of Key Squalene Market Companies Profiled

  • Seadragon Marine Oils Limited
  • Amyris
  • Maruha Nichiro
  • Sophim
  • Kishimoto Special Liver Oil
  • Empresa Figueirense De Pesca
  • Nucelis LLC
  • Arista Industries
  • EKIZ Olive Oil & Soap
  • New Zealand Green Health

Top Companies with Highest Market Share

  • Seadragon Marine Oils Limited: Commands approximately 20% share through shark-sourced and transition projects.
  • Amyris: Holds about 18% share with strong focus on bio-fermented squalene and large-scale partnerships.

Investment Analysis and Opportunities

Investments in the Squalene Market are rising as sustainability and traceability become critical. About 35% of leading producers are channeling funds into algae fermentation and vegetable extraction processes. Europe and North America together account for nearly 40% of new investment projects focused on local sourcing to reduce dependence on shark liver oil, which still covers 40% of supply. In Asia-Pacific, about 25% of new facilities are being set up for bio-based sourcing, driven by regional demand for ethical beauty ingredients. Around 20% of global funding goes into R&D to enhance extraction yields and purity levels for pharmaceutical-grade squalene. Collaborations with olive oil refiners are expanding, with 15% of new contracts focused on shared supply chains. E-commerce infrastructure is attracting about 12% of total investments to support the 38% share that online sales contribute to the market. Brands are also allocating around 10% of budgets to marketing clean-label, certified sustainable squalene products. Together, these investments point to strong opportunities in replacing shark-derived sources, scaling bio-fermented production, and strengthening consumer trust through traceable, high-quality squalene offerings.

New Products Development

New product development in the Squalene Market is accelerating, with nearly 40% of launches focusing on bio-fermented and vegetable-based variants. Around 35% of major cosmetic brands have added plant-sourced squalene to new skincare lines, highlighting consumer demand for non-animal ingredients. Algae-derived squalene now accounts for about 12% of innovative products as fermentation processes mature. Approximately 25% of pharma companies are developing advanced vaccine adjuvants and immune supplements using ultra-pure squalene. E-commerce brands represent 18% of new launches, emphasizing transparency and sustainability. In Europe, nearly 20% of new products feature olive oil-based squalene with traceable sourcing. The US Market sees around 28% of new items marketed under clean beauty certifications. Co-branding between olive refiners and cosmetic giants now contributes to 10% of product pipelines. Overall, R&D spending is rising, with nearly 15% directed toward developing scalable algae and yeast fermentation to improve output and cost efficiency. This focus on ethical innovation positions the market well to meet evolving consumer preferences and regulatory standards.

Recent Developments

  • Amyris Bio-Fermentation Expansion: In 2023, Amyris increased bio-fermented squalene capacity by 20% to serve growing skincare and vaccine adjuvant markets.
  • Seadragon Sustainable Initiative: Seadragon announced in 2024 that 25% of its squalene output will come from plant sources, reducing reliance on shark oil.
  • Sophim Olive Sourcing Partnership: Sophim secured a 15% increase in olive oil supply in 2023, enhancing its position as a leading vegetable-sourced supplier.
  • Maruha Nichiro Algae Facility: In 2024, Maruha Nichiro launched a new algae fermentation unit, adding 10% to its squalene production capabilities.
  • Nucelis LLC Research Collaboration: Nucelis formed a strategic R&D partnership in 2023, focusing on yeast-derived squalene, representing 12% of its future output.

Report Coverage

This Squalene Market report covers a complete view of the industry’s drivers, trends, and opportunities, with about 45% dedicated to product segmentation and regional insights. The report highlights how North America holds 28% of market share, Europe leads at 35%, Asia-Pacific covers 30%, and Middle East & Africa represents 7%. Nearly 40% of analysis focuses on sourcing shifts, showing how 35% of production now comes from vegetable and algae-based sources while shark liver oil still covers 40%. Key company profiles represent around 50% of the competitive landscape, showcasing leaders like Amyris, Seadragon, Maruha Nichiro, and Sophim. Recent developments make up 10% of coverage, keeping stakeholders updated on expansion, partnerships, and sustainable shifts. The report also examines how e-commerce channels now drive about 38% of sales, reshaping supply chains. Investment flows into bio-fermented squalene and ethical sourcing now make up about 30% of strategy highlights. Together, this coverage provides brands, investors, and manufacturers clear data-backed insights into ethical sourcing, traceability, and consumer trust trends shaping the industry.

Report SVG
Squalene Market Report Detail Scope and Segmentation
Report Coverage Report Details

By Applications Covered

Cosmetics, Food, Pharmaceuticals, Others

By Type Covered

Animal-sourced, Vegetable-sourced

No. of Pages Covered

99

Forecast Period Covered

2025 to 2033

Growth Rate Covered

CAGR Of 4.4% during the forecast period

Value Projection Covered

USD 214.79 million by 2033

Historical Data Available for

2020 to 2023

Region Covered

North America, Europe, Asia-Pacific, South America, Middle East, Africa

Countries Covered

U.S. ,Canada, Germany,U.K.,France, Japan , China , India, South Africa , Brazil

Frequently Asked Questions

  • What value is the Squalene market expected to touch by 2033?

    The global Squalene market is expected to reach USD 214.79 Million by 2033.

  • What CAGR is the Squalene market expected to exhibit by 2033?

    The Squalene market is expected to exhibit a CAGR Of 4.4% by 2033.

  • Who are the top players in the Squalene Market?

    Seadragon Marine Oils Limited, Amyris, Maruha Nichiro, Sophim, Kishimoto Special Liver Oil, Empresa Figueirense De Pesca, Nucelis LLC, Arista Industries, EKIZ Olive Oil & Soap, New Zealand Green Health

  • What was the value of the Squalene market in 2024?

    In 2024, the Squalene market value stood at USD 144.98 Million.

What is included in this Sample?

  • * Market Segmentation
  • * Key Findings
  • * Research Scope
  • * Table of Content
  • * Report Structure
  • * Report Methodology

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