Top 25 Companies in Global Animal-Sourced Squalene Market (2025–2035): Expert View by Spherical Insights

RELEASE DATE: Mar 2026 Author: Spherical Insights
According to a research report published by Spherical Insights & Consulting, the Animal-sourced Squalene Market Size is projected to grow from USD 207.93 Million in 2024 to USD 448.93 Million by 2035, at a CAGR of 7.25% during the forecast period 2024–2035

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Introduction

Animal-sourced Squalene (ACSS) is a high-capacity overhead power transmission conductor consisting of annealed aluminum strands surrounding a steel core, designed to operate at higher temperatures with minimal sag. It is widely used in power transmission lines, grid upgrades, renewable energy interconnections, and long-distance electricity distribution due to its high conductivity, strength, and thermal stability. Growing global electricity demand and the need for efficient transmission infrastructure are accelerating its adoption. Governments are supporting grid modernization and renewable integration through initiatives such as smart grid programs, rural electrification projects, and large-scale transmission corridor development. Recent developments include utilities deploying advanced high-temperature low-sag conductors to increase transmission capacity without building new lines. Increasing investments in renewable energy projects and the replacement of aging conductors remain key driving factors supporting the steady growth of the ACSS market.
In May 2025, Amyris expanded its Barra Bonita facility in Brazil with a fourth precision fermentation line, boosting the production capacity of sustainable, bio-engineered squalene used in vaccine adjuvants.

 

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Market Segmentation

Global Animal-Sourced Squalene Market Size, Share, and COVID-19 Impact Analysis, By Source (Shark Liver Oil, Others), By Application (Cosmetics & Personal Care, Pharmaceuticals, Nutraceuticals, Others), By End-User (Cosmetic Industry, Healthcare & Pharmaceutical Industry, Dietary Supplement Manufacturers), By Distribution Channel (Direct Sales, Distributors, Online Sales), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Analysis and Forecast 2024–2032.

 

Animal-sourced Squalene Market Size & Statistics

  • The Market Size for Animal-sourced Squalene Was Estimated to be worth USD 207.93 Million in 2024.
  • The Market is Going to Expand at a CAGR of 7.25% between 2025 and 2035.
  • The Global Animal-sourced Squalene Market Size is anticipated to reach USD 448.93 Million by 2035.
  • North America is expected to generate the highest demand during the forecast period in the Animal-sourced Squalene Market
  • Asia Pacific is expected to grow the fastest during the forecast period in the Animal-sourced Squalene Market.

 

Regional growth and demand                                  

Asia Pacific is expected to grow the fastest during the forecast period in the Animal-sourced Squalene market. Growth is driven by expanding cosmetics and personal care industries, rising pharmaceutical manufacturing, and increasing demand for vaccine adjuvants. Countries such as China, India, and Southeast Asian nations are witnessing strong consumption due to growing middle-class populations and higher spending on skincare and health products. Government initiatives supporting pharmaceutical production, biotechnology advancements, and immunization programs are further boosting demand. Additionally, increasing awareness regarding natural ingredients and the rapid growth of nutraceutical markets contribute significantly to regional expansion.

 

North America is expected to generate the highest demand during the forecast period in the Animal-sourced Squalene market. Demand is driven by the strong presence of the advanced pharmaceutical and cosmetics industries, high adoption of premium skincare products, and continuous investment in vaccine development. The United States and Canada lead the region with robust research activities and established healthcare infrastructure. Regulatory approvals for squalene-based vaccine adjuvants, along with increasing focus on high-quality bioactive ingredients, further support sustained market demand.

 

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Top 10 Trends in the Animal-sourced Squalene Market
• Increasing demand for natural ingredients in cosmetics and personal care products
• Rising use of squalene as a vaccine adjuvant in pharmaceutical applications
• Growing expansion of the global nutraceuticals industry
• Increasing focus on anti-aging and skin-rejuvenation products
• Rising investments in biotechnology and drug development
• Growing regulatory focus on sustainable and ethical sourcing
• Expansion of premium skincare and dermaceutical brands
• Increasing demand for immune-boosting supplements
• Strategic collaborations between cosmetic and pharmaceutical companies
• Gradual shift toward alternative plant-based squalene sources

 

Top 5 Trends

1.Increasing Demand for Natural Ingredients in Cosmetics

Consumers are increasingly preferring natural and bio-based ingredients in skincare and beauty products. Animal-sourced squalene is widely used for its superior moisturizing and antioxidant properties, supporting its demand in premium cosmetic formulations.

 

2.Rising Use in Vaccine Adjuvants

Squalene plays a critical role in enhancing immune response in vaccines. Its inclusion in adjuvant systems for influenza and other vaccines has significantly increased demand from the pharmaceutical sector.

 

3.Expansion of Nutraceutical Applications

The growing popularity of dietary supplements for heart health and immunity is boosting the use of squalene in nutraceutical products, particularly among health-conscious consumers.

 

4.Growing Focus on Anti-aging Solutions

With increasing aging populations globally, demand for anti-aging skincare products is rising. Squalene’s ability to hydrate and protect skin cells makes it a key ingredient in advanced formulations.

 

5.Shift Toward Sustainable and Alternative Sources

Environmental concerns regarding shark-derived squalene are encouraging companies to explore plant-based alternatives while improving sustainable sourcing practices for animal-derived products.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Animal-sourced Squalene market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 25 Companies Leading the Animal-sourced Squalene Market

  1. Amyris, Inc.
  2. Kishimoto Special Liver Oil Co., Ltd.
  3. Nisshin Oillio Group, Ltd.
  4. Maruha Nichiro Corporation
  5. Croda International Plc
  6. Sophim (Seppic Group)
  7. Arbee Biomarine Extracts Pvt. Ltd.
  8. Ekiz Olive Oil & Soap Inc.
  9. Arista Industries, Inc.
  10. Henry Lamotte Oils GmbH
  11. AAK AB
  12. VESTAN Squalene (Kunshan) Co., Ltd.
  13. SeaDragon Marine Oils Limited
  14. OLVEA Group
  15. Daiwa Pharmaceutical Co., Ltd.
  16. Fuji Chemical Industries Co., Ltd.
  17. The Lubrizol Corporation
  18. NOF Corporation
  19. Nippon Suisan Kaisha, Ltd.
  20. Qingdao Kangjing Marine Biotechnology Co., Ltd.
  21. Hainan Shuangcheng Pharmaceuticals Co., Ltd.
  22. Zhejiang Garden Biochemical High-tech Co., Ltd.
  23. BASF SE
  24. Evonik Industries AG
  25. Merck KGaA

 

1. Amyris, Inc.

Headquarters: Emeryville, California, United States

Amyris is a biotechnology company specializing in sustainable ingredients, including squalene alternatives. While primarily focused on bio-based production, the company has strong influence in the squalene value chain through innovation and commercialization of high-purity ingredients used in cosmetics, pharmaceuticals, and nutraceuticals. Its advanced fermentation technology supports large-scale production and reduces dependence on animal-derived sources. The company collaborates with global beauty and healthcare brands, strengthening its market presence and technological leadership.

 

2. Kishimoto Special Liver Oil Co., Ltd.

Headquarters: Tokyo, Japan

Kishimoto is a key producer of animal-sourced squalene derived from shark liver oil. The company has decades of expertise in refining high-purity marine oils for pharmaceutical and cosmetic applications. Its products are widely used in vaccine adjuvants, skincare formulations, and dietary supplements. The company emphasizes quality control, traceability, and compliance with international standards, making it a trusted supplier in global markets.

 

3. Nisshin Oillio Group, Ltd.

Headquarters: Tokyo, Japan

Nisshin Oillio Group is a diversified company involved in oils, fats, and functional materials, including squalene. It supplies high-quality squalene for cosmetics, nutraceuticals, and pharmaceutical uses. The company leverages strong R&D capabilities to enhance purification technologies and expand application areas. Its integrated production and global distribution network support consistent supply and market growth.

 

4. Maruha Nichiro Corporation

Headquarters: Tokyo, Japan

Maruha Nichiro is one of the largest seafood companies globally and a significant supplier of marine-derived ingredients, including squalene. The company utilizes by-products from marine processing to produce high-value compounds, supporting sustainability initiatives. Its squalene products are used in health supplements and cosmetics, benefiting from its extensive marine sourcing capabilities.

 

5. Croda International Plc

Headquarters: Snaith, United Kingdom

Croda International is a leading specialty chemicals company providing high-performance ingredients, including squalene derivatives, for personal care and pharmaceutical applications. The company focuses on innovation, sustainability, and regulatory compliance. Its strong global presence and partnerships with cosmetic and healthcare brands enable it to deliver advanced formulations and high-purity ingredients.

 

Are you ready to discover more about the Animal-sourced Squalene market?

The report provides an in-depth analysis of the leading companies operating in the global Animal-sourced Squalene market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

  1. Amyris, Inc.
  • Business Overview
  • Company Snapshot
  • Products Overview
  • Company Market Share Analysis
  • Company Coverage Portfolio
  • Financial Analysis
  • Recent Developments
  • Merger and Acquisitions
  • SWOT Analysis
  1. Kishimoto Special Liver Oil Co., Ltd.
  2. Nisshin Oillio Group, Ltd.
  3. Maruha Nichiro Corporation
  4. Croda International Plc
  5. Sophim (Seppic Group)
  6. Arbee Biomarine Extracts Pvt. Ltd.
  7. Ekiz Olive Oil & Soap Inc.
  8. Arista Industries, Inc.
  9. Others.

 

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Conclusion

The global animal-sourced squalene market is experiencing steady growth, driven by increasing demand from the cosmetics, pharmaceutical, and nutraceutical industries. Animal-sourced squalene, primarily derived from shark liver oil, is widely valued for its excellent moisturizing, antioxidant, and immune-enhancing properties. It is extensively used in skincare and personal care products, as well as in vaccine formulations where it functions as an effective adjuvant to boost immune response. Rising consumer preference for natural and high-performance ingredients, along with expanding applications in anti-aging and health supplements, is supporting market growth. Governments and regulatory bodies are promoting pharmaceutical innovation and vaccine development, further contributing to demand. Additionally, ongoing research and advancements in formulation technologies are enhancing product efficiency. Despite sustainability concerns, consistent demand from healthcare and cosmetic sectors is expected to drive long-term market expansion.

 

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