Global Squalene Market Size, Share, Growth Analysis, By End use(B2B, B2C), By Application(Cosmetics and personal care, dietary supplements and functional foods), By Source(Vegetable based, animal based and others) - 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 million by 2031, growing at a CAGR of 6.80% during the forecast period (2024-2031).

Squalene's rise to prominence stems from its multifaceted utility across diverse sectors. Embraced for its myriad benefits, the squalene market flourishes in health and wellness, cosmetics, pharmaceuticals, and industrial domains. In health and wellness, it emerges as a prized component, finding its way into dietary supplements, skincare formulations, and functional foods, owing to its natural antioxidant properties and purported immune-boosting and anti-inflammatory effects. Meanwhile, in the cosmetics realm, squalene shines as a potent emollient and moisturizer, renowned for its skin-nourishing attributes that combat dryness, environmental aggressors, and inflammation, ultimately enhancing skin texture and resilience. Moreover, its pivotal role in the pharmaceutical sector as a vaccine adjuvant underscores its significance in bolstering immune responses, exemplified by its FDA approval for vaccine use. Overall, the multifaceted virtues of squalene delineate its indispensability across industries, propelling the squalene market's growth trajectory.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Squalene Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global 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.

Drivers of the Global Squalene Market

Squalene has garnered significant attention in the food industry as a functional ingredient, thanks to its potential health advantages, including immune-boosting and anti-inflammatory properties. This has led to its incorporation into functional foods and nutraceuticals, which are products enhanced with specific nutrients or functional ingredients to offer health benefits beyond basic nutrition. The rising demand for such products has fueled the growth of the squalene market in the food industry. Its widespread use in dietary supplements and fortified foods underscores its popularity in addressing various health concerns, including immune support, cardiovascular health, and inflammation control.

Restraints in the Global Squalene Market

The complexities of squalene production stem from various factors including scarce raw materials and the need for specialized equipment and technologies, rendering it a time-consuming and expensive endeavor, thus presenting hurdles for small businesses aiming to penetrate the market and vie with established entities. Moreover, the scarcity of raw materials, notably shark liver oil, has led to inflated prices of squalene products, posing accessibility challenges for consumers, especially in regions with high demand but constrained supply.

Market Trends of the Global Squalene Market

A surge in consumer interest towards functional foods and nutraceuticals has led to a rising utilization of squalene in these items, driven by its perceived health advantages such as immune enhancement and anti-inflammatory effects. Consequently, squalene is gaining traction as a favored component in the creation of products targeting immune support, cardiovascular wellness, and inflammation control. This burgeoning trend has notably propelled the squalene market's expansion and is anticipated to persist in the foreseeable future.