Squalene Market Size

Statistics for the 2023 & 2024 Squalene market size, created by Mordor Intelligence™ Industry Reports. Squalene size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.


Market Size of Squalene Industry

Squalene Market Summary
Study Period 2019-2029
Market Size (2024) USD 167.15 Million
Market Size (2029) USD 223.28 Million
CAGR (2024 - 2029) 5.96 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Squalene Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Squalene Market Analysis

The Squalene Market size is estimated at USD 167.15 million in 2024, and is expected to reach USD 223.28 million by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020. Considering the pandemic scenario, manufacturing activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, thereby reducing the demand for squalene-based products. However, the need for squalene to produce adjuvants for various COVID-19 vaccines significantly increased, enhancing the demand for the market studied.

  • In the medium term, the major factors driving the market studied are growing cosmetics industry and growing demand from the nutraceutical industry.
  • On the flip side, shark killing concerns and limitations is likely to restrain the market growth.
  • The research and development on squalene for oncology uses is likely to act as an opportunity for squalene market in the coming years.
  • Europe accounted for the highest market share, and the region is likely to dominate the market during the forecast period.

Squalene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)