The Global Squalane Market was valued at USD 1.4 billion in 2023 and is projected to reach USD 2.1 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period (2023-2030). This growth is fueled by increasing consumer demand for sustainable, plant-derived ingredients in cosmetics, pharmaceuticals, and functional foods, as well as the compound’s superior moisturizing and biocompatible properties.

As the personal care industry shifts toward cleaner formulations and sustainable sourcing, squalane has emerged as a key ingredient bridging performance with environmental responsibility. Here we profile the Top 10 Companies in the Squalane Industry – a mix of biotech innovators, specialty chemical producers, and beauty ingredient suppliers shaping the future of this vital market.

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🔟 1. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Bio-based squalane (Phytosqualane®)

Kuraray leads the global squalane market with its proprietary sugarcane-derived Phytosqualane, offering 100% plant-based alternatives to traditional shark liver oil products. Their high-purity formulations are favored by premium cosmetic brands globally.

Sustainability Leadership:

• Pioneered industrial-scale production of plant-derived squalane
• Carbon-negative manufacturing process
• RSPO-certified sustainable sugarcane sourcing

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Squalane Market – View in Detailed Research Report

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9️⃣ 2. Amyris, Inc.

Headquarters: Emeryville, California, USA
Key Offering: Neossance® Squalane

Amyris utilizes advanced fermentation technology to produce sustainable squalane, achieving purity levels exceeding 99.9%. Their biotechnology approach decouples production from agricultural constraints.

Sustainability Leadership:

• Proprietary yeast fermentation platform
• FDA-approved for cosmetics and food applications
• Scalable production with minimal environmental impact

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8️⃣ 3. SOPHIM

Headquarters: Peyruis, France
Key Offering: Olive-derived squalane

Specializing in plant-based actives, SOPHIM produces high-purity squalane from Mediterranean olive oil through a patented process that preserves the molecule’s beneficial properties.

Sustainability Leadership:

• Full traceability from olive grove to final product
• ISO 16128 certified natural origin index
• Zero-waste production process

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7️⃣ 4. Caribbean Natural Products

Headquarters: Bridgetown, Barbados
Key Offering: Sugarcane-derived squalane

This innovative producer utilizes Caribbean sugarcane to create sustainable squalane with exceptional purity, targeting the growing natural cosmetics market.

Sustainability Leadership:

• Carbon-neutral certification
• Fair Trade ingredient sourcing
• Water recycling in production

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6️⃣ 5. Kishimoto Special Liver Oil Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Shark liver-derived squalane

A traditional producer of marine-derived squalane, Kishimoto serves pharmaceutical applications requiring ultra-high purity formulations.

Pharmaceutical Expertise:

• cGMP compliant production
• 99.9% purity grades
• Specialized in injectable formulations

Download FREE Sample Report:
Squalane Market – View in Detailed Research Report

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5️⃣ 6. Empresa Figueirense de Pesca

Headquarters: Figueira da Foz, Portugal
Key Offering: Marine-derived squalane

EFP combines traditional fishing with modern biotechnology to produce marine-sourced squalane for premium cosmetic applications in Europe.

Sustainability Leadership:

• Marine Stewardship Council certification
• Byproduct utilization from sustainable fisheries
• Non-GMO certified

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4️⃣ 7. Croda International

Headquarters: Snaith, UK
Key Offering: Crodasense™ Squalane

Croda’s squalane offerings leverage their extensive cosmetic chemistry expertise, providing formulators with multi-functional skin care ingredients.

Technical Differentiation:

• Enhanced skin penetration formulas
• Customizable viscosity grades
• Optimized for silicone replacement

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3️⃣ 8. Nucelis

Headquarters: San Diego, California, USA
Key Offering: Fermentation-derived squalane

Nucelis employs cutting-edge synthetic biology to produce sustainable squalane through microbial fermentation, offering price stability versus crop-dependent sources.

Innovation Highlights:

• Patented microbial strains
• Independently verified life cycle analysis
• Food-grade and cosmetic-grade options

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2️⃣ 9. Maruha Nichiro Corporation

Headquarters: Tokyo, Japan
Key Offering: Marine biotechnology-derived squalane

Maruha Nichiro combines Japan’s marine biotechnology expertise with rigorous quality standards to produce high-grade squalane.

Quality Leadership:

• Pharmaceutical manufacturing standards
• Batch-to-batch consistency
• Low heavy metal specifications

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1️⃣ 10. NOF Corporation

Headquarters: Tokyo, Japan
Key Offering: High-purity squalane

NOF specializes in ultra-pure squalane grades for medical and high-performance cosmetic applications, with strict quality control protocols.

Technical Excellence:

• 99.99% purity options
• Stabilized formulations
• Custom molecular weight distributions

Read Full Report:
Squalane Market – View in Detailed Research Report

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🌍 Market Outlook: The Future of Squalane is Plant-Based and Multifunctional

The squalane market is undergoing significant transformation, driven by sustainability concerns, pharmaceutical applications, and the clean beauty movement. Plant-derived squalane now accounts for over 65% of global supply, up from just 40% a decade ago.

📈 Key Trends Shaping the Market:

• Rapid adoption in premium skincare and haircare formulations
• Increasing use as a pharmaceutical excipient and drug delivery agent
• Emerging applications in functional foods and supplements
• Technological advances in bio-fermentation production

As consumers increasingly prioritize sustainable, high-performance ingredients, squalane is well-positioned to grow across multiple industries. The companies profiled above are not just supplying a commodity – they’re driving innovation in sustainable ingredient sourcing and advanced biomaterials.

Read Full Report:
Squalane Market – View in Detailed Research Report