The global squalene market size is expected to reach $198 million by 2027, expanding at a CAGR of 6.8% over the forecast period, according to a new report by MarketsandMarkets. Rising incidences of skin diseases and growing demand for natural ingredients in cosmetic & personal care products is anticipated to fuel the market growth over the forecast period.
Squalene, a naturally occurring hydrocarbon, is a type of triterpene alcohol which is derived from shark liver and other sources. The antioxidant nature of the product makes it an important ingredient in various pharmaceutical, food, and personal care products. The product is used as a dietary supplement and moisturizer due to its emollient and skin softening properties.
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Increasing demand for natural and organic personal care products is expected to remain a major driving force for the squalene market. The product is extensively used in cosmetic formulations intending to moisturize and nourish the skin. Moreover, manufacturers are launching various new formulations with squalene as a main ingredient, thereby creating new opportunities in the market. Squalene is a natural hydrocarbon found in several plants and animals, particularly shark liver oil. It’s a major component of sebum, an oily substance secreted from the skin. Squalene has a variety of uses in cosmetics and pharmaceuticals, such as moisturizers, anti-aging products, and anti-cancer drugs. It is also used as a dietary supplement due to its antioxidant properties. This growth is likely to be driven by increasing demand in the cosmetics industry, growing awareness of its health benefits, and technological advancements. The market is fragmented in nature with presence of several regional and international players. The competition in the market is expected to intensify with the presence of both organized.
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Pharmaceutical is projected to be the fastest-growing application of squalene during the forecast period.
The pharmaceutical industry is expected to witness a growth due to the increasing demand for the drug delivery system and the increasing use of nanotechnology in the drug formulation industry. Squalene is used in drug delivery systems as an excipient to produce lipid-based nanocarriers, such as liposomes and Nano emulsions. It also helps maintain drug stability and improve its bioavailability. Squalene is also used in several ointments and creams, due to its moisturizing properties. The rise in the geriatric population and the increasing prevalence of skin diseases are expected to drive the growth of this application in the forecast period.
The animal-source segment of the squalene market is estimated to account for the second-largest share in 2021.
This can be attributed to its extensive use as a food additive, as a lubricant in cosmetics and as a dietary supplement. Animal sources are the most common sources of squalene, and it is derived from the livers of sharks, whales, and other marine animals, as well as from lard, butter, and vegetable oils. The increasing use of squalene in cosmetics, food, and dietary supplements is boosting the demand for animal-source squalene. Furthermore, the growing awareness of the health benefits of squalene is driving the animal-source segment.
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Supercritical fluid extraction technology
Supercritical fluid extraction (SFE) is a technology used to extract compounds from a wide variety of biological and non-biological materials. This technology is based on the use of supercritical fluids, which are liquids and gases that have been pressurized and heated above their critical points. At these supercritical states, the fluids possess unique physical and chemical properties that allow them to be used to extract compounds from different materials. SFE is a green technology, which is highly selective and can be applied to a wide range of applications. It can be used to extract compounds such as lipids, proteins, carbohydrates, vitamins, and other compounds from materials such as plants, seeds, algae, animal tissues, and food products. It is also used to extract compounds from pharmaceuticals, cosmetics, and other industrial products.
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