The market demand for squalane is huge and plant-based squalane will become mainstream

Squalane (C30H62) is a hydrocarbon oil obtained by hydrogenation of squalene extracted from deep-sea shark liver, so it is also called deep-sea shark liver oil. It is a colorless and odorless transparent viscous liquid, slightly soluble in Methanol, acetone and glacial acetic acid are easily soluble in benzene, ether and oil.

Squalane has high chemical stability and is one of the few animal fats that is not greasy and has good moisturizing effect. It is mainly found in the liver of deep-sea sharks, and also exists in small amounts in olive oil, wheat germ oil, and rice bran oil. Squalane has good affinity to the skin and certain spreadability. External use can strengthen epidermal repair, inhibit skin lipid peroxidation, promote blood circulation and skin basal cell proliferation, and improve and eliminate chloasma. , can be used as an emollient, hair conditioner, skin conditioner, etc. When used internally, it can stabilize blood vessel plaques, enhance immunity and metabolism, reduce blood lipids, and repair damaged cells. Therefore, it is widely used in the fields of cosmetics, medicine, and health care products.

According to the “2023-2027 Squalane Industry In-Depth Market Research and Investment Strategy Suggestions Report” released by the Industrial Research Center, With the continuous development of the cosmetics industry and the increasing demand, as well as the continuous improvement of national health and wellness awareness, the market demand for squalane as a cosmetic and health care product ingredient with better efficacy continues to grow and its scale continues to expand. The global squalane market size will exceed 700 million yuan in 2021, and the compound annual growth rate from 2021 to 2027 is expected to exceed 10%. The market size in 2027 will exceed 1.3 billion yuan.

There are three main types of squalane: animal squalane, plant squalane, and synthetic squalane. Due to the high squalane content in shark liver oil, squalane was initially extracted from shark liver oil. However, as awareness of environmental pollution and wildlife protection increases, various countries have begun to impose restrictions on the production and use of animal squalane, and plant squalane will become mainstream in the future.

At present, the concentration of the domestic squalane industry is not high, the distribution of enterprises is relatively scattered, and the market competition is fierce. The main domestic manufacturers include Shanghai Daopu Chemical Co., Ltd., Xi’an Rongbai Biotechnology Co., Ltd., and Wuhan Kmic Biomedical Technology Co., Ltd. , Henan Tianfu Chemical Co., Ltd., Xi’an Kangnuo Chemical Co., Ltd., Wuhan Mingmingde Biochemical Co., Ltd., etc.

Industry analysts said that with the development of the domestic economy, the national disposable income has increased, health awareness has improved, and the beauty and skin care industry has continued to With the development, the market demand for squalane will continue to increase, and the industry development prospects are good. At present, due to the limited production of animal squalane, the small content of squalane in plants, the difficulty of extraction, the high price of squalane, and the imbalance between supply and demand in the market. Domestic squalane manufacturers need to increase capital investment, increase research and development efforts, carry out technological innovation, reduce extraction costs, and improve product utilization.