What is Global Squalane Market?
The global squalane market is a rapidly expanding sector within the broader chemical and cosmetic industries. Squalane is a hydrogenated form of squalene, a naturally occurring compound found in both plants and animals. It is highly valued for its emollient properties, making it a popular ingredient in skincare and cosmetic products. The market encompasses various sources of squalane, including plant-based (phyto squalane), animal-based (shark squalane), and synthetic squalane. The demand for squalane is driven by its ability to mimic the skin's natural oils, providing hydration and a smooth texture without clogging pores. This makes it an ideal component in moisturizers, serums, and other personal care products. Additionally, squalane is used in the nutraceutical industry for its potential health benefits and in various industrial applications due to its stability and non-reactive nature. The market is characterized by a diverse range of products and applications, catering to different consumer needs and preferences. As awareness of the benefits of squalane continues to grow, the market is expected to see sustained growth, driven by innovations in sourcing and production methods.
Phyto Squalane, Shark Squalane, Synthetic Squalane in the Global Squalane Market:
Phyto squalane, shark squalane, and synthetic squalane are the three primary types of squalane available in the global market, each with distinct characteristics and sources. Phyto squalane is derived from plants, most commonly from olives, sugarcane, and rice bran. It is highly favored in the cosmetic industry due to its sustainability and eco-friendly nature. Plant-based squalane is known for its excellent moisturizing properties, lightweight texture, and ability to penetrate the skin easily, making it a popular choice for natural and organic skincare products. Shark squalane, on the other hand, is extracted from the liver oil of deep-sea sharks. Historically, it was the most common source of squalane due to its high yield and effectiveness. However, ethical concerns and the impact on shark populations have led to a significant decline in its use. Many companies have shifted towards more sustainable alternatives, reducing the reliance on animal-derived squalane. Synthetic squalane is produced through chemical processes, often using sugarcane or other plant-based feedstocks as a starting material. This type of squalane offers the same benefits as its natural counterparts but with greater consistency and purity. It is also considered more sustainable and ethical, as it does not involve animal exploitation. The development of synthetic squalane has been driven by advancements in biotechnology and green chemistry, allowing for large-scale production that meets the growing demand for high-quality squalane in various industries. Each type of squalane has its unique advantages and applications, contributing to the overall diversity and growth of the global squalane market.
Cosmetics and Personal Care, Nutraceutical Industrial, Others in the Global Squalane Market:
The global squalane market finds extensive usage in various sectors, with cosmetics and personal care being the most prominent. In this industry, squalane is prized for its exceptional moisturizing and emollient properties. It is a key ingredient in a wide range of products, including moisturizers, serums, sunscreens, and makeup. Squalane's ability to mimic the skin's natural oils makes it highly effective in hydrating and smoothing the skin without leaving a greasy residue. It also helps to improve the skin's elasticity and reduce the appearance of fine lines and wrinkles, making it a popular choice for anti-aging products. In the nutraceutical industry, squalane is used for its potential health benefits. It is believed to have antioxidant properties, which can help protect the body from oxidative stress and support overall health. Squalane supplements are marketed for their ability to boost the immune system, improve skin health, and provide energy. Additionally, squalane is used in various industrial applications due to its stability and non-reactive nature. It is used as a lubricant, in the production of pharmaceuticals, and as an ingredient in certain types of food packaging. The versatility of squalane and its wide range of applications make it a valuable commodity in the global market. As consumer awareness of the benefits of squalane continues to grow, its usage in these sectors is expected to increase, driving further growth in the market.
Global Squalane Market Outlook:
The global squalane market is anticipated to expand from $135.3 million in 2024 to $210 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.6% over the forecast period. The top four manufacturers globally hold nearly 70% of the market share. North America leads the market with a share exceeding 50%, followed by Europe and the Asia Pacific, each holding about 45%. Among the various products, phyto squalane stands out as the largest segment, accounting for over 55% of the market share.
| Report Metric | Details |
| Report Name | Squalane Market |
| Accounted market size in 2024 | US$ 135.3 million |
| Forecasted market size in 2030 | US$ 210 million |
| CAGR | 7.6 |
| Base Year | 2024 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Caroiline, Clariant, The Innovation Company, Henry Lamotte OILS GmbH, Kuraray, NOF Group, Ineos |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
