The Global Squalene Market was valued at USD 112 Million in 2023 and is projected to reach USD 158.5 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. This robust growth is primarily driven by increasing demand from the cosmetics and personal care industry, rising consumer awareness of natural and organic ingredients, and expanding applications in pharmaceuticals and nutraceuticals.

As the market shifts toward sustainable and high-purity bio-based ingredients, the companies producing squalene are innovating to meet stringent quality standards and regulatory requirements. In this analysis, we profile the Top 10 Companies in the Squalene Industry—a diverse mix of biotechnology firms, marine oil specialists, and olive oil processors that are shaping the future supply of this valuable compound.

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🔟 1. Seadragon Marine Oils Limited

Headquarters: Nelson, New Zealand
Key Offering: Shark Liver Oil-derived Squalene, High-Purity Omega-3 Oils

Seadragon Marine Oils is a leading producer of marine oils, specializing in squalene sourced from deep-sea shark liver oil. The company leverages New Zealand’s pristine marine resources to produce high-quality, sustainably harvested squalene for global markets, primarily serving the cosmetics and pharmaceutical industries.

Sustainability Initiatives:

• Commitment to sustainable fishing practices and marine conservation

• Investment in research for alternative squalene sources

• Certified sustainable marine ingredient sourcing

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9️⃣ 2. Amyris, Inc.

Headquarters: Emeryville, California, USA
Key Offering: Bio-fermented Squalene (Neossance® Squalane)

Amyris is a pioneer in bio-fermentation technology, producing 100% plant-derived squalane through a sustainable, scalable process. Their proprietary Neossance® Squalane is a leading alternative to traditional shark-derived squalene, offering high purity and consistency for cosmetic formulations.

Sustainability Initiatives:

• Patented sugarcane-based fermentation process

• 100% renewable, vegan, and cruelty-free production

• Strategic partnerships with major cosmetic brands

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8️⃣ 3. Maruha Nichiro Corporation

Headquarters: Tokyo, Japan
Key Offering: Shark-derived Squalene, Marine-based Ingredients

Maruha Nichiro, one of Japan’s largest seafood companies, has a significant presence in the squalene market through its marine biotechnology division. The company produces high-purity squalene from deep-sea shark liver oil, leveraging its extensive fishing and processing capabilities.

Sustainability Initiatives:

• Implementation of responsible sourcing policies

• Research into sustainable marine resource management

• Quality assurance and traceability systems

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7️⃣ 4. Sophim

Headquarters: Peyruis, France
Key Offering: Phytosqualan® (Olive-derived Squalane)

Sophim is a French specialty ingredient company renowned for its olive-derived squalane, marketed as Phytosqualan®. The company uses a proprietary purification process to create a high-purity, sustainable alternative to animal-derived squalene, primarily for the cosmetics industry.

Sustainability Initiatives:

• 100% plant-based, renewable sourcing from olive oil

• European sustainable agriculture partnerships

• Carbon-neutral manufacturing processes

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

Headquarters: Tokyo, Japan
Key Offering: High-Purity Shark Liver Squalene, Marine Lipids

Kishimoto Special Liver Oil is a specialized manufacturer focused on high-purity squalene and other marine lipids. With decades of experience in marine oil processing, the company supplies pharmaceutical-grade squalene to global markets, maintaining stringent quality control standards.

Sustainability Initiatives:

• Sustainable shark fishing compliance programs

• Investment in marine conservation research

• Traceability and certification systems

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5️⃣ 6. Empresa Figueirense De Pesca, Lda

Headquarters: Figueira da Foz, Portugal
Key Offering: Atlantic Shark Liver Squalene, Marine Oils

This Portuguese marine products company specializes in squalene extracted from shark liver oil sourced from the Atlantic Ocean. Empresa Figueirense De Pesca has established itself as a reliable supplier of high-quality squalene to European and international markets.

Sustainability Initiatives:

• Compliance with EU sustainable fishing regulations

• Marine resource management programs

• Quality certification and standardization

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4️⃣ 7. Nucelis LLC

Headquarters: San Diego, California, USA
Key Offering: Bio-fermented Squalene, Sustainable Alternatives

Nucelis specializes in developing sustainable ingredients through advanced biotechnology and fermentation processes. The company focuses on creating plant-based squalene alternatives that meet the growing demand for cruelty-free and environmentally friendly cosmetic ingredients.

Sustainability Initiatives:

• Proprietary yeast fermentation technology

• Sustainable, non-GMO production methods

• Partnerships with green chemistry innovators

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3️⃣ 8. Arista Industries, Inc.

Headquarters: Wilton, Connecticut, USA
Key Offering: Squalene & Squalane, Natural Oils and Butters

Arista Industries is a global supplier of natural oils and specialty ingredients, including both shark-derived squalene and plant-based alternatives. The company serves diverse industries including cosmetics, pharmaceuticals, and nutritional supplements with high-quality lipid products.

Sustainability Initiatives:

• Diversified sourcing from both marine and plant origins

• Sustainable sourcing certifications and compliance

• Investment in renewable ingredient development

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2️⃣ 9. EKIZ Olive Oil & Soap

Headquarters: Ayvalık, Turkey
Key Offering: Olive-derived Squalene, Natural Cosmetic Ingredients

EKIZ is a vertically integrated olive oil company that has expanded into specialty ingredients, including olive-derived squalene. Leveraging Turkey’s rich olive oil heritage, the company produces high-purity squalene for the cosmetics and personal care markets.

Sustainability Initiatives:

• Sustainable olive farming practices

• Zero-waste production processes

• Organic and natural certification programs

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1️⃣ 10. New Zealand Green Health Ltd

Headquarters: Christchurch, New Zealand
Key Offering: Plant-based Squalene, Natural Health Products

New Zealand Green Health specializes in plant-derived squalene and other natural health ingredients. The company focuses on sustainable sourcing from New Zealand’s unique flora, providing high-quality alternatives to traditional animal-derived squalene for health and cosmetic applications.

Sustainability Initiatives:

• 100% plant-based, renewable ingredient sourcing

• Sustainable harvesting of native New Zealand plants

• Organic certification and quality assurance

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🌍 Outlook: The Future of Squalene Is Sustainable and Diversified

The squalene market is undergoing a significant transformation as consumer preferences shift toward sustainable, plant-based alternatives. While shark-derived squalene still maintains a substantial market share, the rapid growth of bio-fermented and plant-based squalene is reshaping the industry landscape.

📈 Key Trends Shaping the Market:

• Rapid adoption of bio-fermented squalene in premium cosmetics

• Increasing regulatory pressure for sustainable sourcing and traceability

• Expansion of squalene applications in pharmaceuticals and vaccines

• Growing consumer demand for vegan and cruelty-free cosmetic ingredients

The companies profiled above represent the diverse approaches to squalene production—from traditional marine sourcing to innovative biotechnology solutions. As the market continues to evolve, these leaders are positioned to drive the industry toward more sustainable and innovative practices.

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Squalene Market – View in Detailed Research Report