Squalene is a colorless unsaturated aliphatic hydrocarbon with formula C30H50 originally obtained for commercial purposes primarily from shark liver oil (hence its name, as Squalus is a genus of sharks), although plant sources (primarily vegetable oils) are now used as well, including amaranth seed, rice bran, wheat germ, and olives. It is used as an intermediate in the biosynthesis of cholesterol and is used in biochemical research. Increasing applications of squalene into cosmetics and pharmaceutical industry is expected to remain the key growth driver for squalene during the period of study.
Geographically Europe dominated squalene market owing to the large scale demand of squalene into major end-use industries such as pharmaceutical and food & beverages in the region. Europe was followed by Asia-Pacific and North America as second and third largest market for squalene market. Asia Pacific is projected to have fastest growth, owing to vast potential that can be realized in the near future. The use of animal-sourced squalene dominates the Asia-Pacific market owing to high investments in the cosmetics end-use industry in China, Japan, and South Korea