Squalene Market by Raw Material, Application

List of Tables

[186 Pages Report] The Squalene Market size was estimated at USD 150.19 million in 2023 and expected to reach USD 161.06 million in 2024, at a CAGR 7.50% to reach USD 249.33 million by 2030.

Squalene is a natural organic compound that primarily originates from shark liver oil and plant sources such as olive, rice, and bran oil and is also synthesized through the fermentation of yeast. It is a precursor to various sterols, including cholesterol, which plays a vital role in various biological functions within the human body. Increasing demand for natural and eco-friendly cosmetic products and growing awareness about skincare benefits associated with squalene are driving market growth. Rising advancements in biotechnology help to synthesize methods such as yeast fermentation, elevating the demand for squalene. Furthermore, growing applications in pharmaceuticals as an adjuvant for vaccine formulations contribute significantly to market expansion. Stringent regulations on shark fishing for liver oil extraction and fluctuating raw material prices are hampering market growth. The growing development of cost-effective and eco-friendly technologies to produce high-purity squalene from alternative sources is expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 150.19 million
Estimated Year [2024]	USD 161.06 million
Forecast Year [2030]	USD 249.33 million
CAGR (%)	7.50%

Raw Material: Growing adoption of biosynthetic squalene with rising environmental concerns

The traditional source of commercial squalene is deep-sea shark liver oil due to its high concentration (up to 90 percent). It serves the cosmetics industry primarily as an emollient and moisturizing agent in skincare formulations. The demand for animal-based squalene has been on a decline due to ethical concerns regarding shark hunting and potential contamination with heavy metals. Biosynthetic squalene is derived from genetically engineered microorganisms such as yeast and bacteria through fermentation processes. It addresses many ethical concerns associated with animal-derived products while ensuring consistent quality. Need-based preferences involve biocompatibility and enhanced performance across various industries ranging from pharmaceuticals to personal care products. Vegetable-based squalene is obtained from plant sources, primarily olive oil and other botanicals such as amaranth seed, rice bran, and wheat germ. It caters to the increasing preference for plant-derived ingredients among environmentally conscious consumers while providing comparable functionality as animal-based squalene in cosmetics and nutraceuticals.

Application: Growing application of squalene in cosmetic & personal care products owing to its moisturizing and emollient properties

Squalene's exceptional moisturizing and emollient properties have established its significance in the cosmetics industry. It is widely used as an ingredient in skincare products such as creams, lotions, serums, and cleansers. Squalene helps to prevent moisture loss from the skin while providing a smooth texture, enhancing the overall product experience for consumers. Squalene acts as a natural antioxidant and nutritional supplement in food applications due to its ability to neutralize free radicals and maintain cellular health. It is found mainly in fish oils (especially shark liver oil) and olive oil-based products like cooking oils and salad dressings. Squalene's adjuvant properties make it an essential component in the development of vaccines and immunology research. It acts as an effective carrier by enhancing the immune response of the body, making vaccines more potent and effective.

Regional Insights

In the Americas, growing consumer awareness towards natural and sustainable products is driving demand for squalene in various industries such as cosmetics, pharmaceuticals, and food supplements. Continuous expansion of cosmetics and pharmaceuticals industries with rising usage of squalene within the European Union (EU) countries is expected to create opportunities for market growth. Additionally, the growing availability of stringent regulations on shark-derived squalene is influencing European market vendors to develop alternative sources. Booming cosmetic industries in China, Japan, and India driven by consumer trends favoring natural ingredients are creating a platform for the squalene market in Asia-Pacific. Further, the government recently increased funding for research programs related to bio-based materials, including squalene, thereby benefiting market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Squalene Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Squalene Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Squalene Market, highlighting leading vendors and their innovative profiles. These include Amyris, Inc., Arbee Biomarine Extracts Private Limited, Arista Industries Inc., Blueline Foods India Pvt Ltd, Carbomer, Inc., Croda International Plc, Evonik Industries AG, Gracefruit Ltd., Kishimoto Special Liver Oil Co. Ltd., Maruha Nichiro Corporation, Maypro, New Zealand Green Health Ltd., Nucelis LLC, Oleicfat S.L., Otto Chemie Pvt. Ltd., SeaDragon Marine Oils Ltd., SOPHIM, and Vestan SA.

Market Segmentation & Coverage

This research report categorizes the Squalene Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material
- Animal
- Biosynthetic
- Vegetable

Application
- Cosmetics
- Food
- Pharmaceuticals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Squalene Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Squalene Market?

3. What are the technology trends and regulatory frameworks in the Squalene Market?

4. What is the market share of the leading vendors in the Squalene Market?

5. Which modes and strategic moves are suitable for entering the Squalene Market?

Product Code: MRR-030EC642E054

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing usage of squalene as a cleansing and moisturizing compound in personal care products
  - 5.1.1.2. Emerging potential with rising spending on oncology medicines
  - 5.1.1.3. Proliferating demand for natural and organic ingredients
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in raw material prices required for squalene
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in extraction methods, coupled with the development of vegetable and synthetic sources
  - 5.1.3.2. Growing research and development associated with the therapeutic use of squalene
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulations and health controversies related to the use of squalene
5.2. Market Segmentation Analysis
- 5.2.1. Raw Material: Growing adoption of biosynthetic squalene with rising environmental concerns
- 5.2.2. Application: Growing application of squalene in cosmetic & personal care products owing to its moisturizing and emollient properties
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Squalene Market, by Raw Material

6.1. Introduction
6.2. Animal
6.3. Biosynthetic
6.4. Vegetable

7. Squalene Market, by Application

7.1. Introduction
7.2. Cosmetics
7.3. Food
7.4. Pharmaceuticals

8. Americas Squalene Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Squalene Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Squalene Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Croda International plc Partners on Vaccine Adjuvants
- 11.3.2. Evonik Launches Plant-based Squalene to Boost Vaccine Efficacy
- 11.3.3. Amyris Starts Squalene Production at Plant in Brazil
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio