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The squalene market size is projected to reach USD 184 million by 2025 from USD 129 million in 2020, at a CAGR of 7.3%. The growth in cosmetics and pharmaceuticals industry coupled with the awareness regarding beneficial properties of squalene on human health are the major factors driving the growth of the squalene market. Increasing R&D in the oncology segment along with increasing spending on oncology medicines is expected to drive the market for squalene in the coming years. The global pharmaceuticals sales was around USD 1000 billion in 2019, and it is expected to further grow with 6-7% during the forecast period. An additional sale of pharmaceuticals from orphan drugs is expected by 2025.

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