SH‐SY5Y is a human neuroblastoma cell line that can be differentiated into several neuronal phenotypes, depending on culture conditions. For this reason, this cell line has been widely used as an in vitro model of neurodegenerative conditions, such as Parkinson's disease (PD). However, most studies published to date used fetal bovine serum (FBS) as culture medium supplement for SH‐SY5Y cell differentiation. We report on the testing of human platelet lysate (hPL) as a culture medium supplement to support SH‐SY5Y cell culture. Both standard hPL and a fibrinogen‐depleted hPL (FD‐hPL) formulation, which does not require the addition of anticoagulants to culture media, promoted an increase in SH‐SY5Y cell proliferation in comparison to FBS, without compromising metabolic activity. SH‐SY5Y cells cultured in hPL or FD‐hPL also displayed a higher number of neurite extensions and stained positive for MAP2 and synaptophysin, in the absence of differentiation stimuli; reducing hPL or FD‐hPL concentration to 1% v/v did not affect cell proliferation or metabolic activity. Furthermore, following treatment with retinoic acid (RA) and further stimulation with brain‐derived neurotrophic factor (BDNF) and nerve growth factor beta (NGF‐β), the percentage of SH‐SY5Y cells stained positive for dopaminergic neuronal differentiation markers (tyrosine hydroxylase [TH] and Dopamine Transporter [DAT]) was higher in hPL or FD‐hPL than in FBS, and gene expression of dopaminergic markers TH, DAT, and DR2 was also detected.Overall, the data herein presented supports the use of hPL to differentiate SH‐SY5Y cells into a neuronal phenotype with dopaminergic features, and the adoption of FD‐hPL as a fully xenogeneic free alternative to FBS to support the use of SH‐SY5Y cells as a neurodegeneration model.