According to the latest report by IMARC Group “Squalene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global squalene market size reached US$ 135.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 206.5 Million by 2028, exhibiting a growth rate (CAGR) of 7.16% during 2023-2028.
Squalene refers to a naturally occurring, unsaturated liquid hydrocarbon commonly procured from plant-based sources, such as olives, wheat germ, palm oil, etc., and shark liver oil. It is primarily used as an intermediate for the biosynthesis of cholesterol and can also be artificially produced using yeast. Squalene is extensively utilized in the manufacturing of vaccines, health foods, cosmetics and personal care products, high-grade machine lubricants and nutraceuticals. It acts as a chemo-preventive agent and antioxidant, which helps to restore the immune system and increase collagen production in skin cells.
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Significant growth in the personal care and cosmetic industry across the globe is primarily creating a positive outlook for the market. Squalene gets easily absorbed by human skin and is widely used as a moisturizing and cleansing agent in various skincare products, such as lotions, creams, lipsticks, hair conditioners, foundations, etc. Moreover, the growing consumer awareness towards numerous health benefits associated with squalene supplements in preventing arthritis, asthma, and psoriasis, is also propelling the market growth. Various other factors, including the rising production of squalene from natural resources, along with extensive R&D activities in the biotechnology sector, are anticipated to further drive the global market for squalene in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amyris Inc.
- Arbee Agencies
- Arista Industries Inc.
- Empresa Figueirense De Pesca Lda
- Gracefruit Limited
- Kishimoto Special Liver Oil
- Maruha Nichiro Corporation
- Nucelis Inc. (Cibus Ltd.)
- SeaDragon Marine Oils Limited
- VESTAN Squalene Hydrogenation and Purification.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Source Type:
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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