Squalene, a natural compound sourced from olive oil, shark liver, and amaranth seed, is making waves in various industries, particularly cosmetics and skincare. The global squalene market is witnessing a surge in demand, driven by its versatile applications and growing consumer preference for natural ingredients.

The market for squalene is estimated to grow from USD 158.05 million in 2023 to USD 226.87 million by 2028 at a CAGR of 7.49% during the forecast period.

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In the cosmetics and personal care sector, squalene has become a sought-after ingredient for its exceptional moisturizing properties and compatibility with the skin's natural lipids. Its lightweight and non-greasy nature make it a staple in skincare formulations, contributing to a smoother and more radiant complexion. As the beauty industry shifts towards clean and sustainable practices, the demand for plant-derived squalene has risen, prompting companies to explore eco-friendly sourcing methods.

Beyond cosmetics, squalene is gaining traction in pharmaceuticals and nutraceuticals. Research suggests potential health benefits, including anti-inflammatory and antioxidant properties, making it a valuable component in various health supplements. The market is witnessing a surge in bio-based squalene production, aligning with the global push towards sustainable and ethical sourcing practices.

One of the notable trends in the squalene market is the emphasis on sustainable production. With concerns over environmental impact, companies are actively exploring alternative sources such as amaranth seed oil, thereby reducing dependence on shark liver oil and promoting biodiversity conservation.

The Asia-Pacific region has emerged as a key player in the squalene market, with a growing consumer base in countries like Japan, South Korea, and China. The increasing disposable income, coupled with a rising awareness of skincare routines, is driving the demand for cosmetic products containing squalene.

In conclusion, the squalene market is witnessing robust growth, fueled by its expanding applications in cosmetics, pharmaceuticals, and nutraceuticals. As consumers become more conscious of ingredient sourcing and environmental impact, the market is likely to see further innovations and a shift towards sustainable practices, solidifying squalene's position as a coveted ingredient in diverse industries.