Squalene Market Report 2025 (Global Edition)

Global Squalene Market Report 2025 Market Size Split by Source Type (Plant-based, Animal-based, Synthetic Biotechnology), by Application (Food, Pharmaceutical, Cosmetics, Other)

Squalene Market Report Description

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The companies have utilized various inorganic and organic strategies to strengthen their position in the market. The key growth strategies adopted by the companies were signing agreements or doing partnerships to acquire squalene from the companies to use it in their product, a new product launch to meet the growing demand for plant-based squalene, and enhancing their regional presence in emerging economies.
For instance, on Feb 2023, Givaudan announced an agreement to acquire certain cosmetic ingredients from Amyris, Inc., including Neossance Squalane, the highest performant emollient, Neossance Hemisqualane, the plant-based silicone alternative, and CleanScreen, the sustainable sun protector.

May 2023

• Amyris, Inc. signed a license agreement with Croda International Plc, for the supply of sustainable squalene:

Amyris' squalene is a bio-fermentation-based adjuvant developed using Amyris' unique Lab-to-Market technology platform. Under the terms of the agreement, Amyris manufactures and supply squalene to Croda, and Croda licenses squalene technology from Amyris to market, distribute, and sell squalene as an excipient, or as an ingredient in formulated products for use in human and veterinary vaccines, drug delivery systems, or nucleic acid delivery systems.

December 2022

• Evonik introduced plant-based squalene to boost vaccine efficacy:

Evonik launched PhytoSquene, the first known amaranth oil-derived squalene on the market for use in adjuvants in parenteral dosage forms. It meets the demand for a secure commercial supply of non-animal-derived squalene. With the launch of PhytoSquene, Evonik offered an alternative to animal-derived squalene.

March 2022

• SynShark and Phylloceuticals announced a partnership to change the way squalene, is manufactured in the future:

The partnership changed the way squalene, a critical immunologic adjuvant, is manufactured in the future. The companies are collaborating on process development and manufacturing scale-up of squalene both transgenically expressed in Lemna sp. and transiently expressed in Nicotiana Benthamiana. The partnership is expected to increase supply and boost access to this in-demand product used in both the pharmaceutical and cosmetic markets.

Top Companies Market Share in Squalene Industry: (In no particular order of Rank)

• Seadragon Marine Oils
• Amyris
• Maruha Nichiro Corporation
• Sophim
• Kishimoto Special Liver Oil
• Nucelis
• Arista Industries
• EKIZ Olive Oil & Soap
• New Zealand Green Health
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Europe occupies the largest market share:
Europe dominated the squalene market in 2022. The factors propelling the growth of the market in this region are the availability of major manufacturers of cosmetic products and the increasing demand for superior-quality beauty products in the region. Also, the high demand for squalene from the pharmaceutical industry and the high purchasing power of the population are dominating this region in the squalene market. 
Asia Pacific is expected to grow at a significant pace due to rapid urbanization, rising utilization of squalene in body powders, bath oils, and sun tan, and high demand from the cosmetic industry for squalene in this region. Also, cheap squalene and easy labor availability in this region is surging the market growth of squalene.

The current report Scope analyzes Squalene Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Squalene Market Analysis

The plant-based squalene is projected to grow at the highest rate during the forecast period:
The plant-based squalene is anticipated to grow faster during the forecast period from 2023-2030 due to increasing demand for plant-based squalene for personal care and other products. The population has now started focusing on health and hygiene, and plant-based squalene being natural is prioritized by the population over animal-based squalene. Manufacturers have also started shifting towards the manufacturing of plant-based squalene and with the growing demand for natural products from the people, industries such as cosmetics, pharmaceuticals, food, and other industries are also preferring plant-based squalene. Additionally, the regulations led by The General Fisheries Commission of the Mediterranean (GFCM) and the Commission on the Conservation of Antarctic Marine Living Resources (CCAMLR) towards limitations in fishing and shark catching or killing have resulted in lowering the production of the animal-based squalene. Around 3000 sharks are required to make 1 tonne of the squalene.( https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8951290/#B22-pharmaceuticals-15-00265) Though animal-based squalene production requires low financial cost and implies an easy process it costs the lives of many sharks, making them endangered species of sharks. As plant-based squalene is sourced from amaranth oil, wheat, rice bran, and olives, it doesn’t harm the environment or the animal and hence, the plant-based squalene segment is growing rapidly.

• Plant-based
• Animal-based
• Synthetic Biotechnology

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In 2022, cosmetics was the leading segment based on end-user:
The cosmetics segment dominated the squalene market in 2022. The demand for superior-quality natural products is driving the demand for squalene in the cosmetics industry. Squalene is utilized in the production of various segments of cosmetics products including sun care, facial care, body care, and hair care products. With the rising population focus on personal care and beauty, the demand for cosmetics and personal care products rises, which accelerates the market growth of squalene in the cosmetics segment. Squalene has anti-aging properties and is utilized as a moisturizer. Squalene is utilized to cure various skin disorders like psoriasis, acne, and eczema. Squalene is also used as a cleansing agent in conditioners. Thus, wide applications of squalene in the cosmetic industry make it the leading segment in 2022.
The pharmaceutical segment is anticipated to grow at a significant pace during the forecast period. Squalene delivers anti-fungal, anti-viral, and anti-bacterial properties making it highly preferable in the pharmaceutical industry. Squalene is used as an ingredient for preparing medical creams and ointments. The function of macrophages is improved due to squalene. Squalene is also utilized in various medicines due to its biocompatibility. The addition of squalene has predicted a motivating response in humans, normalizing plasma sterol levels due to its ability to reduce cholesterol levels and improve overall immunity. Squalene also has applications in the manufacturing of nutraceutical goods. Squalene has anti-cancerous and antioxidant properties making it suitable for the pharmaceutical industry.

• Food
• Pharmaceutical
• Cosmetics
• Other

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion