North America Squalene Oil Market to Reach USD 410.6 Million by 2035 — Clean Beauty and Pharmaceutical Innovation Lead Growth

The global squalene oil market stands at the threshold of a decade-long expansion trajectory that promises to reshape natural ingredients technology and bioactive compound solutions. According to a recent analysis by Fact.MR, the market is projected to rise from USD 780.0 million in 2025 to USD 1,319.8 million by 2035, reflecting a CAGR of 5.4% during the forecast period (2025–2035).

This growth is driven by increasing demand for sustainable, plant-based ingredients in pharmaceuticals, cosmetics, nutraceuticals, and food applications. With mounting consumer awareness toward natural and cruelty-free formulations, squalene oil—derived from plant and synthetic sources—is gaining traction as a versatile bioactive compound.

Quick Stats for the Squalene Oil Market

• Market Value (2025): USD 780.0 million
• Forecast Value (2035): USD 1,319.8 million
• CAGR (2025–2035): 5.4%
• Leading Applications: Cosmetics, Pharmaceuticals, Nutraceuticals, Food Supplements
• Top Growth Regions: North America, Europe, Asia-Pacific
• Notable Companies: Croda, Amyris, SEPPIC, BASF, Bosk Biotech, Echemi, Evonik, Gattefossé, Plant-derived Squalene Co., OliveLux

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Why the Market is Growing

The global squalene oil industry is witnessing robust growth due to increasing adoption of sustainable alternatives to shark-derived squalene and rising utilization in health and beauty formulations.

Key Growth Drivers:

• Shift to Plant-Based Squalene: Growing preference for olive, amaranth, and sugarcane-derived squalene driven by ethical sourcing and clean-label trends.
• Rising Demand in Cosmetics: Expanding use in anti-aging creams, serums, and moisturizers due to excellent emollient and antioxidant properties.
• Pharmaceutical Innovation: Increasing use in vaccine adjuvants and drug formulations to enhance bioavailability and stability.
• Nutraceutical Expansion: Surging demand for squalene-rich supplements promoting immunity and cardiovascular health.

Segmental Analysis

Cosmetics Segment Dominates Market Demand

The cosmetics industry remains the primary consumer of squalene oil, leveraging its superior hydrating and skin-repairing benefits. Major beauty brands are increasingly reformulating products with plant-based squalene to meet eco-conscious consumer expectations.

Pharmaceutical and Nutraceutical Applications Rising

Squalene’s bioactive properties make it valuable in drug delivery systems and immune-boosting supplements. With growing R&D investments in bio-based compounds, the pharmaceutical sector is expected to witness sustained demand growth.

Regional Outlook

• North America: Rising demand for clean-label and vegan cosmetics, coupled with regulatory shifts toward sustainable sourcing, fuels regional growth.
• Europe: Leading innovation in bio-based ingredients, supported by stringent sustainability policies and strong cosmetic manufacturing base.
• Asia-Pacific: Expanding personal care and healthcare industries in China, Japan, and India drive production and consumption of squalene oil.
• Latin America & MEA: Emerging opportunities from growing cosmetic exports and expanding nutraceutical industries.

Market Dynamics

Key Growth Drivers

• Increasing investments in bio-sourced and synthetic squalene production.
• Surge in clean beauty and ethical product consumption.
• Technological advancements in extraction and purification processes.
• Expanding applications across pharmaceuticals and food supplements.

Restraints

• High production costs of plant-based squalene compared to shark-derived alternatives.
• Supply chain challenges for sustainable raw material sourcing.

Competitive Landscape

The squalene oil market is characterized by strategic collaborations, capacity expansions, and innovations in biofermentation technology aimed at replacing animal-derived sources.

Key Players in the Squalene Oil Market

• Croda International Plc
• Amyris, Inc.
• SEPPIC (Air Liquide Group)
• BASF SE
• Bosk Biotech
• Echemi Group
• Evonik Industries AG
• Gattefossé
• Plant-derived Squalene Co.
• OliveLux

Recent Developments

• April 2025: Amyris announced a new partnership to expand sugarcane-based squalene production for pharmaceutical-grade applications.
• July 2025: BASF introduced a new line of high-purity squalene oils designed for use in premium skincare formulations.
• October 2025: Croda launched a carbon-neutral plant-derived squalene variant to meet growing sustainability goals.

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Future Outlook

The squalene oil market is poised to play a pivotal role in advancing sustainable ingredient innovation across personal care, pharmaceutical, and nutraceutical sectors. With regulatory support for green chemistry and technological progress in biofermentation, manufacturers investing in scalable, ethical, and traceable squalene production are expected to gain a significant competitive advantage through 2035.

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Check out More Related Studies Published by Fact.MR Research:

Squalane Market - https://www.factmr.com/report/5039/squalane-market

Plant-based Squalene Market - https://www.factmr.com/report/plant-based-squalene-market

Biotech Squalane Market - https://www.factmr.com/report/biotech-squalane-market

Fish Oil Market - https://www.factmr.com/report/fish-oil-market

About Fact.MR

Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.