The squalene market is estimated to grow to USD 198 million by 2027 from USD 143 million in 2022, at a CAGR of 6.8% between 2022 and 2027. Growth in R&D activities in pharmaceuticals industry and rising popularity in nutraceuticals is expected to support the growth of the squalene market. However, consumer skepticism about animal-sourced products and limitations on shark fishing is restraining the growth of the market. On the other hand, new renewable sources for production have created opportunities for manufacturers.
Amyris, Inc (US), SOPHIM (France), Merck KGaA (Germany), Kishimoto Special Liver Oil Co., Ltd. (Japan), Empresa Figueirense De Pesca (Portugal), Arbee (India), Oleicfat S.L. (Spain), NZ Green Health Ltd. (New Zealand), Otto Chemie Pvt. Ltd. (India) and Cibus (US), among others are the major players in this market.
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Amyris, Inc. is a biotechnology company that manufactures and commercializes consumer products and ingredients such as clean beauty, personal care, and health & wellness consumer products. The company also sells sustainable ingredients to sector leaders that serve flavor & fragrance (F&F), nutrition, food & beverage, and clean beauty & personal care end markets. The common stock of the company is traded on the NASDAQ Global Select Market under the symbol AMRS. The company operates its business into three segments: renewable products, licenses and royalties, and collaborations, grants and other. The company offers squalene through the renewable products segment.
SOPHIM is a company specializing in the manufacturing of natural ingredients for the cosmetics industry. The core business of the company is based on the expertise of innovative distillation, esterification, and hydrogenation processes. The company has divided its product portfolio into four categories: natural emollients such as squalene & silicone alternatives, texture agents, fixing agents, and vegetable oils in cosmetics.
Squalene Market by Source Type (Animal Source (Shark Liver Oil), Vegetable Source (Olive Oil, Palm Oil, Amaranth Oil), Biosynthetic (GM Yeast), End-use Industry (Cosmetics, Food and Pharmaceuticals) and Region - Global Forecast to 2027
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