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Squalane Market

ID: MRFR/CnM/8690-HCR
100 Pages
Sejal Akre
October 2025

Squalane Market Research Report By Application (Cosmetics, Personal Care Products, Pharmaceuticals, Food and Beverages), By Source (Plant-derived, Synthetic), By Formulation Type (Squalane Oil, Squalane Emulsion, Squalane Cream), By End Use Industry (Skincare, Haircare, Makeup, Dietary Supplements) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Squalane Market Summary

The global squalane market is projected to grow significantly from 2.74 USD billion in 2024 to 5.97 USD billion by 2035.

Key Market Trends & Highlights

Squalane Market Key Trends and Highlights

  • The global squalane market is valued at 2.74 USD billion in 2024 and is expected to reach 5.97 USD billion by 2035.
  • The compound annual growth rate (CAGR) for the squalane market is estimated at 7.33 percent from 2025 to 2035.
  • The increasing demand for natural and sustainable ingredients in cosmetics is likely to drive market expansion.
  • Growing adoption of squalane in skincare products due to its moisturizing properties is a major market driver.

Market Size & Forecast

2024 Market Size 2.74 (USD Billion)
2035 Market Size 5.97 (USD Billion)
CAGR (2025-2035) 7.32%

Major Players

Nexchem, Miyoshi Oil and Fat, Kojima Chemical, Cargill, Ginkgo BioWorks, Sophim, Motive Squalane, Amyris, Maruzen Petrochemical, Kraton Corporation, Darwin Chemical, Clariant, EFP Squalane, BASF, SEKanegrade Limited

Squalane Market Trends

Opportunities in the squalane market are expanding, particularly in regions where there is a rising middle class and higher disposable incomes. Squalane Market can be included in many products, including serums, oils, and creams, by manufacturers investigating creative formulas. Another major area for development is the possibility of squalane in the nutraceutical and pharmaceutical industries. Companies can pique this interest by expanding their product offers and focusing on new customer segments, as studies on the advantages of squalane for skin and health keep revealing. Ethical sourcing and sustainability have lately taken front stage in the market.

Companies that appeal to environmentally concerned consumers are emphasizing more and more open supply chains and sustainable practices. Furthermore, the use of digital marketing and e-commerce platforms has transformed how products are marketed and sold, broadening access to consumers worldwide. Overall, these trends reflect a dynamic landscape where innovation, sustainability, and changing consumer preferences are shaping the future of the Squalane Market.

Squalane Market Drivers

Growth in Skincare Sector

The skincare sector is a primary driver for the Global Squalane Market Industry, as squalane is widely recognized for its moisturizing and anti-aging properties. The increasing focus on skincare routines, particularly among millennials and Gen Z consumers, has led to a surge in product offerings that feature squalane. This growth is supported by the projected compound annual growth rate (CAGR) of 7.33% from 2025 to 2035. As the skincare market expands, squalane's role as a key ingredient is expected to solidify, further driving its demand and market value.

Market Growth Projections

The Global Squalane Market Industry is poised for substantial growth, with projections indicating a market value of 2.74 USD Billion in 2024 and an anticipated increase to 5.97 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 7.33% from 2025 to 2035. Such figures reflect the increasing integration of squalane in various applications, particularly in skincare and cosmetics. The market's expansion is likely driven by consumer preferences for natural ingredients, technological advancements, and regulatory support, positioning squalane as a key player in the beauty and personal care sectors.

Increasing Awareness of Skin Health

There is a growing awareness of skin health and the importance of using effective skincare products, which is propelling the Global Squalane Market Industry forward. Squalane Market is recognized for its ability to enhance skin hydration and barrier function, making it a sought-after ingredient in various formulations. As consumers become more educated about skincare benefits, the demand for products containing squalane is expected to rise. This trend is reflected in the market's projected growth, with estimates suggesting it could reach 5.97 USD Billion by 2035, indicating a robust future for squalane in the skincare industry.

Rising Demand for Natural Ingredients

The Global Squalane Market Industry is experiencing a notable shift towards natural and organic ingredients in personal care and cosmetics. Consumers increasingly prefer products that are derived from sustainable sources, which aligns with the growing awareness of environmental issues. Squalane Market, being a naturally occurring compound, fits this demand perfectly. As a result, the market is projected to reach 2.74 USD Billion in 2024, reflecting a significant increase in consumer preference for clean beauty products. This trend is likely to continue, as brands increasingly incorporate squalane into their formulations to cater to eco-conscious consumers.

Regulatory Support for Natural Products

Regulatory frameworks are increasingly favoring the use of natural and organic ingredients in cosmetics and personal care products, which is advantageous for the Global Squalane Market Industry. Governments and regulatory bodies are promoting the use of safe, non-toxic ingredients, encouraging manufacturers to adopt squalane in their formulations. This regulatory support not only enhances consumer trust but also drives market growth as brands seek to comply with these standards. As a result, the market is likely to see a steady increase in demand for squalane-based products, aligning with global trends towards safer and more sustainable beauty solutions.

Technological Advancements in Extraction Methods

Innovations in extraction and production technologies are enhancing the efficiency and sustainability of squalane sourcing. The Global Squalane Market Industry benefits from advancements that allow for the extraction of squalane from renewable resources, such as sugarcane and olives, rather than traditional sources like shark liver oil. These methods not only reduce environmental impact but also lower production costs, making squalane more accessible to manufacturers. As these technologies continue to evolve, they are likely to contribute to the market's growth, aligning with consumer preferences for ethically sourced ingredients.

Market Segment Insights

Squalane Market Application Insights  

The Application segment of the Squalane Market is a significant area, showcasing how this versatile compound is utilized across various industries. As of 2023, the complete market is valued at 2.39 USD Billion, with projections suggesting it could reach 4.5 USD Billion by 2032. A major portion of this segment's revenue is driven by the Cosmetics industry, valued at 0.95 USD Billion in 2023 and expected to rise to 1.8 USD Billion by 2032.

This dominance can be attributed to the increasing demand for natural and effective moisturizing agents, where squalane's lightweight and non-greasy properties align well with consumer preferences for high-quality skincare products. The Personal Care Products segment, also contributing significantly to the Squalane Market revenue, is valued at 0.7 USD Billion in 2023, with a projected increase to 1.4 USD Billion by 2032. The rising awareness of personal hygiene and grooming has led to the widespread incorporation of squalane in formulations, emphasizing its role as an emollient and skin-conditioning agent.

Furthermore, the Pharmaceuticals segment holds an important place in the Squalane Market segmentation, valued at 0.49 USD Billion in 2023. Squalane Market's biocompatibility and safety propel its use in topical formulations and drug delivery systems, highlighting its potential in therapeutic applications. The Food and Beverages segment, while smaller, holds notable importance with a valuation of 0.25 USD Billion in 2023, projected to grow to 0.4 USD Billion by 2032. Its use as a food additive and ingredient aligns with growing consumer trends towards health and wellness, thereby promoting the incorporation of squalane in functional foods.

Each of these applications contributes uniquely to the overall market, with trends indicating a steady growth trajectory fueled by increasing consumer demand for natural ingredients and multifunctional products. The interplay of health benefits, natural sourcing, and innovative formulations presents numerous opportunities for market growth, while also challenging manufacturers to maintain sustainability and quality in their offerings, thus ensuring the Squalane Market remains a pivotal player in diverse industries.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Squalane Market Source Insights  

The Squalane Market, valued at approximately 2.39 USD Billion in 2023, exhibits a robust growth trajectory through its Source segmentation. The market is notably categorized into Plant-derived and Synthetic origins, each playing a vital role in the industry's expansion. Plant-derived squalane is gaining traction owing to the increasing consumer preference for natural and sustainable ingredients in cosmetic and personal care products. This trend aligns with the rising awareness of environmental and health issues, driving demand for eco-friendly alternatives.

Get more detailed insights about Squalane Market

Regional Insights

The Regional segment of the Squalane Market shows a diverse landscape characterized by varying growth trajectories and market values. In 2023, North America holds a significant share, valued at 0.87 USD Billion, and is projected to reach 1.65 USD Billion by 2032, indicating its dominant position in the market. Europe follows closely with a valuation of 0.74 USD Billion in 2023, growing to 1.4 USD Billion, signaling its importance driven by rising demand for diverse cosmetic and personal care products.

The Asia-Pacific (APAC) region, gaining traction, is valued at 0.55 USD Billion in 2023, with expectations to grow to 1.05 USD Billion, reflecting the increasing consumer adoption of natural ingredients. South America and the Middle East  Africa (MEA) show smaller market valuations of 0.14 USD Billion and 0.09 USD Billion in 2023, respectively, but are evolving markets with potential for growth in sustainable and eco-friendly products. Overall, the market growth across these regions highlights the increasing demand for squalane in various applications, driven by consumer preferences for natural and effective ingredients in beauty and healthcare products.

Key Players and Competitive Insights

The Squalane Market is characterized by a growing demand for sustainable and natural ingredients in the cosmetics and personal care industries. Driven by increasing consumer awareness surrounding skincare, the market for squalane derived from both plant and synthetic sources has expanded significantly. The competition within this market is intensifying as various manufacturers focus on differentiating their products through innovative formulations, environmental sustainability, and cruelty-free practices. Players in the market are investing in research and development to create new applications for squalane beyond traditional beauty products, generating interest within pharmaceuticals and nutraceuticals.

This dynamic landscape highlights the importance of strategic partnerships, acquisitions, and a keen understanding of regulatory environments to successfully navigate the Squalane Market. Nexchem has established itself as a strong competitor in the Squalane Market by emphasizing its commitment to high-quality, plant-derived squalane. The company leverages cutting-edge technology and sustainable sourcing methods to produce squalane that meets the growing demand for eco-friendly cosmetic ingredients. With a diverse range of products aimed at catering to different segments within the beauty and personal care industries, Nexchem has positioned itself as a reliable supplier with a robust distribution network.

Additionally, the company focuses on building partnerships with cosmetic brands and formulators, enhancing its market presence. Known for its reliable customer service and ability to customize products according to client specifications, Nexchem continues to strengthen its reputation and maintain a competitive edge in this evolving market. Miyoshi Oil and Fat excels in the Squalane Market by utilizing its extensive experience in oil and fat processing to create high-quality squalane derived from sustainable sources. The company prides itself on its ability to innovate and adapt to the changing preferences of consumers who are increasingly prioritizing sustainability in their purchasing decisions.

With a strong emphasis on research and development, Miyoshi Oil and Fat is continually exploring new methods to enhance the purity and efficacy of its squalane products. This commitment to quality, coupled with a focus on regulatory compliance, positions the company favorably as it seeks to expand its reach to international markets. Additionally, the strong relationships Miyoshi Oil and Fat has built with various stakeholders in the beauty and personal care sector further bolster its competitive position in the Squalane Market.

Key Companies in the Squalane Market market include

Industry Developments

In recent developments within the Squalane Market, companies such as Ginkgo BioWorks and Amyris continue to innovate in the area of sustainable production methods, indicating a strong shift toward biotechnology in the creation of squalane, which is impacting overall market growth positively. Concurrently, companies like Cargill and Sophim are focusing on expanding their product offerings to meet rising consumer demand for natural and sustainable personal care ingredients. There have also been notable mergers and acquisitions, with reports suggesting that Kraton Corporation is enhancing its portfolio through strategic partnerships with firms like Kojima Chemical.

These activities reflect a growing trend of consolidation aimed at increasing market share and enhancing sourcing capabilities. Additionally, BASF SE and Maruzen Petrochemical are actively investing in the development of advanced squalane formulations, which could further propel market valuation and expansion. The market dynamics are influenced by the increasing application of squalane in cosmetics and personal care, which is projected to continue driving interest and investment among key players such as Motive Squalane Market and EFP Squalane Market, shaping the future landscape of the Squalane Market.

Future Outlook

Squalane Market Future Outlook

The Global Squalane Market is projected to grow at a 7.30% CAGR from 2025 to 2035, driven by rising demand in cosmetics, pharmaceuticals, and sustainable sourcing.

New opportunities lie in:

  • Develop innovative squalane formulations for clean beauty products targeting eco-conscious consumers.
  • Expand distribution channels in emerging markets to capitalize on growing skincare trends.
  • Invest in R&D for bio-sourced squalane to enhance sustainability and attract environmentally aware brands.

By 2035, the Global Squalane Market is expected to achieve substantial growth, solidifying its position in diverse industries.

Market Segmentation

Squalane Market Source Outlook

  • Plant-derived
  • Synthetic

Squalane Market Application Outlook

  • Cosmetics
  • Personal Care Products
  • Pharmaceuticals
  • Food and Beverages

Squalane Market End Use Industry Outlook

  • Skincare
  • Haircare
  • Makeup
  • Dietary Supplements

Squalane Market Formulation Type Outlook

  • Squalane Market Oil
  • Squalane Market Emulsion
  • Squalane Market Cream

Report Scope

Report Attribute/Metric Details 
Market Size 2024 2.74 (USD Billion)
Market Size 2025 2.94 (USD Billion)
Market Size 2035 5.97 (USD Billion)
Compound Annual Growth Rate (CAGR) 7.32% (2025 - 2035)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2024
Market Forecast Period 2025 - 2035
Historical Data 2020 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Nexchem, Miyoshi Oil  and  Fat, Kojima Chemical, Cargill, Ginkgo BioWorks, Sophim, Motive Squalane, Amyris, Maruzen Petrochemical, Kraton Corporation, Darwin Chemical, Clariant, EFP Squalane, BASF SE, Kanegrade Limited
Segments Covered Application, Source, Formulation Type, End Use Industry, Regional
Key Market Opportunities Rising demand in personal care, Growth in organic cosmetics, Expansion in pharmaceutical applications, Increasing awareness of sustainability, Advancements in extraction technologies
Key Market Dynamics Growing demand for natural cosmetics, Rising awareness of skincare ingredients, Expanding applications in pharmaceuticals, Increasing preference for sustainable products, Competitive pricing pressure in market
Countries Covered North America, Europe, APAC, South America, MEA

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FAQs

What is the expected market value of the Squalane Market in 2034?

The Squalane Market is expected to be valued at5.56 USD Billion in 2034.

What is the projected CAGR for the Squalane Market from 2025 to 2034?

Squalane Market is projected to register a CAGR of 7.32% from 2025-2035

Which application segment accounts for the largest market share in 2035?

The Cosmetics application segment is expected to dominate the market with a value of 1.8 USD Billion in 2035.

What is the estimated market value of the North American region in 2035?

The North American region is projected to be valued at 1.65 USD Billion in 2035.

Who are the major players in the Squalane Market?

Key players in the Squalane Market include Nexchem, Kojima Chemical, and BASF SE.

How much is the Personal Care Products segment expected to be valued in 2035?

The Personal Care Products segment is forecasted to reach a value of 1.4 USD Billion in 2035.

What is the market size for the Pharmaceuticals application in 2035?

The Pharmaceuticals application segment is projected to be valued at 0.9 USD Billion in 2035.

What is the expected market value of the Asia-Pacific region in 2035?

The Asia-Pacific region is anticipated to be valued at 1.05 USD Billion in 2035.

What challenges could impact the Squalane Market?

The market may face challenges such as increasing competition and fluctuations in raw material prices.

What is the expected growth rate for the Food and Beverages application segment by 2035?

The Food and Beverages application segment is projected to grow to a value of 0.4 USD Billion by 2035.

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