Vegetable-sourced Squalene Market Trends and Forecast
The future of the global vegetable-sourced squalene market looks promising with opportunities in the cosmetic, food, and pharmaceutical markets. The global vegetable-sourced squalene market is expected to grow with a CAGR of 10.3% from 2025 to 2031. The major drivers for this market are the growing demand for natural cosmetics, the rising awareness of skin health, and the increase in plant-based ingredients.
• Lucintel forecasts that, within the type category, amaranth oil is expected to witness the highest growth over the forecast period.
• Within the application category, pharmaceutical is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Vegetable-sourced Squalene Market
The vegetable-sourced squalene market is ever-changing, with a number of emerging trends driving its growth and application horizon. These trends mirror changing consumer needs, advances in technology, and increased emphasis on sustainability.
• Focus on Traceable and Sustainable Sourcing: One of the major trends is the growing need for sustainably and ethically sourced squalene from customers. This focuses on supply-chain transparency, assuring minimal harm to the environment in cultivating and extracting vegetable sources such as olive, sugarcane, and amaranth. Companies which are able to offer transparent traceability and credentials about their practices of sourcing are gaining a market advantage, addressing environmentally aware customers.
• Advances in Extraction and Purification Technologies: There is steady R&D progressing, which results in more productive and ecofriendly extraction and purification processes for plant-derived squalene. They involve enzymatic extraction and supercritical fluid extraction, which serve to enhance the yield, diminish the energy expenditure, and curtail the requirement for aggressive chemicals. These advancements render plant-based squalene economical and ecofriendly in relation to conventional sources.
• Increasing Demand for Squalene over Squalene: Hydrogenated squalene or squalene is increasingly favored in cosmetic compositions because it has higher stability and a longer life. Current trends indicate a larger emphasis on using vegetable sources of high-quality squalene with a view towards eliminating concerns surrounding the oxidation and poor stability of squalene itself. The trend is creating greater use for plant derived squalene across a broader class of skincare as well as cosmetics.
• Nutraceutical and Dietary Supplements Growth: In addition to cosmetics, other potential health aspects of vegetable derived squalene, including its antioxidant and potential cholesterol reducing properties, are being developed further. This is creating a trend towards the inclusion of plant derived squalene in nutraceuticals and dietary supplements, creating new markets and uses for this multifaceted ingredient.
• Innovation in Novel Delivery Systems and Formulations: To improve the effectiveness and consumer acceptance of vegetable derived squalene, there is a movement towards creating newer delivery systems and formulations. These involve encapsulation techniques, nano emulsions, and combination products with other active agents to enhance permeation and address specific skin or health issues. These developments are rendering plant derived squalene more useful and consumer friendly.
These new trends are cumulatively remodeling the vegetable sourced squalene market towards more sustainability, better quality and stability, wider applications, and innovative product development.
Recent Development in the Vegetable-sourced Squalene Market
The vegetable-sourced squalene market has experienced some major developments of late, echoing the growing emphasis on sustainable and plant-based alternatives.
• Expanded Production Capability from Multicomponent Vegetable Sources: There has been a notable expansion in squalene‘s production capability through various vegetable sources other than olive oil, such as sugarcane and amaranth. This multi-component sourcing enables a more secure supply and less dependence on one crop.
• Efficiency Improvements in Squalene Production: Great strides have been achieved in the efficiency of hydrogenation of vegetable-derived squalene to yield squalene. Improved catalytic processes as well as optimized reaction conditions are providing greater yields and reduced costs of production for this more stable derivative.
• Increasing Number of Cosmetic Product Launches with Plant Derived Squalene: The cosmetics market has witnessed a rise in the number of new product launches that feature vegetable derived squalene as a prominent ingredient, citing its moisturizing, emollient, and non-comedogenic nature. This is a reflection of the growing consumer demand for sustainable and skin friendly ingredients.
• Investigations into Novel Use Outside Cosmetics: Scientific research is extending itself to investigate novel uses of vegetable derived squalene and squalene, including drug delivery systems and industrial lubricants, demonstrating the extent of versatility that these compounds exhibit outside of the personal care sphere.
• Certifications for Sustainable Squalene: Efforts are being made to create certifications and standards for sustainably produced vegetable squalene, making it easy for consumers and manufacturers to identify and support eco-friendly products. This ensures transparency and ethical behavior in the industry.
These advancements reflect a market that is quickly innovating in production, broadening its application range, and focusing on sustainability to cater to changing consumer and industry needs.
Strategic Growth Opportunities in the Vegetable-sourced Squalene Market
The vegetable-sourced squalene market offers several strategic opportunities for growth through a wide variety of applications, stimulated by its green credentials and desirable attributes.
• Natural Skincare and Clean Beauty: One of the major growth areas is in the natural skincare and clean beauty markets. Promoting vegetable derived squalene as a sustainable, nonirritant, and efficient moisturizer and emollient can appeal to an increasing segment of consumers looking for eco-friendly and skin friendly products.
• Anti-Aging and Antioxidant Products: The antioxidant activity of squalene and squalene presents development opportunities in anti-aging skin care products. Emphasizing that they defend skin against environmental stress and smooth out fine lines and wrinkles will appeal to consumers seeking natural anti-aging.
• Hair Care Formulas: Plant-derived squalene can be added to hair care formulas in order to supply conditioning, radiance, and frizz control. Promoting its light weight and non-greasy aspect can attract shoppers looking for organic hair treatments.
• Dietary Supplements and Nutraceuticals: Investigating the possible health benefits of vegetable squalene as a dietary supplement, including its antioxidant and possible cholesterol-lowering effects, can create a new market segment aimed at natural health and wellness.
• Pharmaceutical and Drug Delivery Systems: Development of the biocompatibility and future application of squalene and squalene as excipients in drug delivery systems is a long-term growth prospect for the pharmaceutical sector, providing a greener option to animal derived ingredients.
These strategic growth prospects highlight the adaptability of vegetable derived squalene and squalene and their potential to meet the growing demand for sustainable and natural ingredients within many industries.
Vegetable-sourced Squalene Market Driver and Challenges
The vegetable-sourced squalene market is driven by a mix of drivers and challenges that dictate its growth and evolution in the overall context of cosmetic and nutraceutical products.
The factors responsible for driving the vegetable-sourced squalene market include:
1. Growing Consumer Demand for Natural and Sustainable Ingredients: One key driver is consumers‘ increasing concern and demand for natural, plant derived, and sustainably harvested ingredients in health and personal care products, replacing animal derived sources.
2. Ethical Issues about Shark Squalene: The environmental and ethical issues involved with the sourcing of squalene from shark liver oil are forcing manufacturers and consumers to turn towards vegetable sourced materials.
3. Biotechnology and Green Chemistry Developments: New extraction and purification technologies are rendering vegetable derived squalene increasingly available, cost effective, and eco-friendly.
4. Increased Squalene and Squalene Awareness: Greater research and promotion activities are calling attention to the moisturizing, antioxidant, and emollient benefits of plant-derived squalene and squalene.
5. Government Support for Sustainable Practices: Government policies and industry practices supporting sustainable and ethical sourcing are benefiting the expansion of the vegetable sourced squalene market.
Challenges in the vegetable-sourced squalene market are:
1. Price Competitiveness with Shark Squalene: Though the cost of production of vegetable sourced squalene is going down, it can remain costlier than shark derived squalene, which acts as a challenge in price sensitive markets.
2. Supply Chain Stability and Scalability: Having a stable and scalable supply of vegetable raw materials for squalene extraction is difficult due to farm-related factors and the requirement for effective processing.
3. Consumer Education and Awareness: In spite of increasing awareness, additional education must be done to enlighten consumers about the advantages and sustainability benefits of vegetable-based squalene compared to the conventional ones.
The vegetable source squalene market is seeing strong growth stimulated by ethical consumption, sustainability, and technology. Growing awareness of its advantages and support from regulators also contribute to this trend. Nevertheless, the issues of cost competitiveness, supply chain stability, and ongoing education of consumers to maintain the demand need to be overcome for the market to become a full potential sustainable substitute to animal-derived squalene.
List of Vegetable-sourced Squalene Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vegetable-sourced squalene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vegetable-sourced squalene companies profiled in this report include-
• Sophim
• Amyris
• Arista Industries
• Kowa Group
• Globalab
Vegetable-sourced Squalene Market by Segment
The study includes a forecast for the global vegetable-sourced squalene market by type, application, and region.
Vegetable-sourced Squalene Market by Type [Value from 2019 to 2031]:
• Olive Oil
• Palm Oil
• Amaranth Oil
Vegetable-sourced Squalene Market by Application [Value from 2019 to 2031]:
• Cosmetics
• Food
• Pharmaceuticals
• Others
Vegetable-sourced Squalene Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Vegetable-sourced Squalene Market
Current trends in the vegetable-sourced squalene market are largely influenced by the growing consumer demand for sustainable and ethical cosmetic and nutraceutical ingredient sourcing. Squalene has traditionally been extracted from shark liver oil, causing environmental and ethics issues. Vegetable sources like olive oil, sugarcane, and amaranth oil provide an eco-friendlier option. Recent advancements focus on improving extraction and purification technologies to enhance yield and reduce production costs, making vegetable sourced squalene more competitive. The market is also witnessing increased research into its diverse applications and health benefits.
• United States: The US market for vegetable sourced squalene is witnessing growth spurred by the natural cosmetics and clean beauty movements. Recent trends have seen growing acceptance of olive derived squalene in skin care products based on its moisturizing and antioxidant attributes. Ethical and environmental benefits of plant-based squalene are increasingly being promoted to consumers through consumer awareness campaigns. Local suppliers are placing emphasis on securing sustainable supply and transparent supply chains to cater to consumer expectations.
• China: The demand for vegetable sourced squalene in China is increasing due to a burgeoning middle class with an increasing interest in high-quality and natural personal care products. New trends involve raised local production of squalene from sources such as sugarcane. Squalene, a more stable hydrogenated derivative of squalene, is also increasing its demand in cosmetics. Electronic retailing sites are major contributors in disseminating vegetable sourced squalene products throughout the country.
• Germany: Germany with its focus on natural and organic cosmetics is an important market for vegetable derived squalene. Recent trends saw the demand being for olive as well as European sourced squalene based on perceived quality as well as sustainability. German cosmeceutical manufacturers have been actively working with plant-based squalene in their formulas, highlighting the skin compatibility along with emollient characteristics. Natural cosmetics encouraging regulatory systems further drive market size.
• India: India‘s vegetable sourced squalene market is in its infancy but is promising, led by the growing awareness of natural ingredients in personal care. Recent news involves first attempts to seek domestic sources for squalene extraction, potentially from rice bran oil or other vegetable oils. The market is presently dominated by imports, but there is a developing interest in sustainable and locally sourced alternatives as the natural cosmetics market grows.
• Japan: Japan has an established market for squalene, which historically is derived from sharks. Latest trends, though, point to increasing movement towards vegetable derived squalene on account of ethical concerns and innovations in plant derived extraction technologies. Squalene derived from olive is especially used in Japanese cosmetic products for the reason that it has a light texture and can provide moisturization. Local companies are investing research in finding and leveraging effective vegetable sources for production of squalene.
Features of the Global Vegetable-sourced Squalene Market
Market Size Estimates: Vegetable-sourced squalene market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Vegetable-sourced squalene market size by type, application, and region in terms of value ($B).
Regional Analysis: Vegetable-sourced squalene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the vegetable-sourced squalene market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vegetable-sourced squalene market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for vegetable-sourced squalene market?
Answer: The global vegetable-sourced squalene market is expected to grow with a CAGR of 10.3% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the vegetable-sourced squalene market?
Answer: The major drivers for this market are the growing demand for natural cosmetics, the rising awareness of skin health, and the increase in plant-based ingredients.
Q3. What are the major segments for vegetable-sourced squalene market?
Answer: The future of the vegetable-sourced squalene market looks promising with opportunities in the cosmetic, food, and pharmaceutical markets.
Q4. Who are the key vegetable-sourced squalene market companies?
Answer: Some of the key vegetable-sourced squalene companies are as follows:
• Sophim
• Amyris
• Arista Industries
• Kowa Group
• Globalab
Q5. Which vegetable-sourced squalene market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, amaranth oil is expected to witness the highest growth over the forecast period.
Q6. In vegetable-sourced squalene market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vegetable-sourced squalene market by type (olive oil, palm oil, and amaranth oil), application (cosmetics, food, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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