The Global Squalane Market was valued at USD 121.8 Million in 2025 and is projected to reach USD 186.4 Million by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2026–2030). This robust growth is fueled by the booming clean beauty movement, rising consumer preference for sustainable and plant-derived ingredients, and its expanding applications in high-performance cosmetics and pharmaceuticals.

As the personal care industry rapidly pivots towards natural, effective, and ethically sourced ingredients, squalane has emerged as a cornerstone ingredient prized for its superior moisturizing properties and skin-identical structure. In this blog, we profile the Top 10 Companies in the Squalane Industry—a mix of biotechnology innovators, specialty chemical leaders, and traditional suppliers who are shaping the global supply chain for this versatile emollient.

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🔟 10. Kishimoto Special Liver Oil Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Shark Liver Oil-Derived Squalane, Kosher & Halal Certified Grades

Kishimoto Special Liver Oil is a long-established traditional supplier specializing in high-purity squalane and squalene derived from deep-sea shark liver oil. The company is recognized for its meticulous refining processes that ensure product purity and stability, catering to a niche segment of the pharmaceutical and traditional cosmetics markets where specific sourcing is required.

Sustainability & Innovation Focus:

• Advanced molecular distillation for high purity
• Commitment to stringent quality control (cGMP)
• Navigating the market shift by exploring certified sustainable sourcing channels

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9️⃣ 9. Empresa Figueirense de Pesca, Lda (EFP)

Headquarters: Figueira da Foz, Portugal
Key Offering: Marine-Origin Squalane (Shark Liver Oil)

EFP is a prominent European producer of marine-derived squalane, leveraging Portugal’s maritime history and fishing industry. The company provides a reliable, traditional source of squalane, primarily serving the European cosmetic and supplement industries, while actively engaging in discussions about sustainable marine resource management.

Sustainability & Innovation Focus:

• Direct control over raw material sourcing and processing
• Focus on traceability and batch consistency
• Investment in R&D for alternative purification technologies

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8️⃣ 8. VESTAN (Nippon Fine Chemical Co., Ltd.)

Headquarters: Tokyo, Japan
Key Offering: VESTAN Squalane (Sugar Cane-Derived), High-Purity Squalene

A part of Nippon Fine Chemical, VESTAN focuses on producing premium cosmetic ingredients, including its plant-based squalane derived from sugarcane. The brand emphasizes high purity, ethical sourcing, and superior sensory profiles, making it a preferred choice for high-end Japanese and global skincare formulations.

Sustainability & Innovation Focus:

• Pioneering sugarcane-derived squalane production
• Zero animal-origin, vegan-friendly certification
• Strong focus on cosmetic efficacy and formulation compatibility studies

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7️⃣ 7. Maruha Nichiro Corporation

Headquarters: Tokyo, Japan
Key Offering: Squalane Oil (Marine & Plant-Based), Squalene

Maruha Nichiro, a global seafood giant, leverages its extensive marine bioprocessing capabilities to produce high-quality squalane from fish by-products. The company is strategically diversifying its portfolio to include plant-based alternatives, positioning itself to serve both traditional and new-generation markets.

Sustainability & Innovation Focus:

• Utilization of seafood processing by-products (circular economy)
• R&D into olive and other botanical sources for squalane
• Strong distribution network in Asia-Pacific and North America

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6️⃣ 6. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: Supersqualane, Crodasol QS (Pharma Grade), Bio-based Squalane

Croda is a global leader in specialty chemicals with a significant foothold in the performance ingredients market. Its squalane offerings are part of a broader portfolio of high-purity, sustainable emollients. Croda’s focus on pharmaceutical-grade squalane for advanced drug delivery systems and high-efficacy cosmetics sets it apart in the high-value segment.

Sustainability & Innovation Focus:

• Innovation in “Supersqualane” with enhanced performance characteristics
• Commitment to 100% renewable carbon by 2030 under its “Pure, Smart, and Sustainable” strategy
• Strong application development support for formulators

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5️⃣ 5. Caribbean Natural Products Inc.

Headquarters: Bridgetown, Barbados
Key Offering: Olive-Derived Squalane, 100% Pure Plant Squalane

Specializing in plant-derived squalane, Caribbean Natural Products sources its raw materials from olives, offering a completely sustainable and vegan alternative. The company has gained traction with brands emphasizing Mediterranean and natural ingredient stories, providing a reliable supply chain from farm to finished product.

Sustainability & Innovation Focus:

• Direct sourcing from sustainable olive oil co-operatives
• Cold-press and green extraction methodologies
• Carbon-neutral production goals and recyclable packaging initiatives

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4️⃣ 4. Matrix Life Science Pvt. Ltd.

Headquarters: Bangalore, India
Key Offering: Botanical Squalane (Olive, Sugar Cane), Custom Purity Grades

Matrix Life Science is a key Asian player specializing in the manufacture of plant-based squalane. Its cost-competitive production and strategic location in India allow it to serve the rapidly growing Asia-Pacific personal care market effectively. The company offers various grades tailored for cosmetics, pharmaceuticals, and dietary supplements.

Sustainability & Innovation Focus:

• Focus on scalable production of sugarcane and olive-derived squalane
• Investment in advanced hydrogenation and purification technology
• Strategic partnerships with global distributors to expand market reach

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3️⃣ 3. SOPHIM

Headquarters: Peyruis, France
Key Offering: Phytosqualan® (Olive-derived), High-Purity Squalane for Cosmetics

SOPHIM is a European leader exclusively focused on producing 100% plant-derived squalane, primarily from olives. Its flagship product, Phytosqualan®, is a benchmark for natural, sustainable emollients in the cosmetics industry. The company’s entire process, from olive sourcing in the Mediterranean to final purification, is vertically integrated and eco-certified.

Sustainability & Innovation Focus:

• Certifications: COSMOS, Ecocert, ISO 16128 (Natural Origin Index)
• Pioneer in the circular economy, utilizing by-products of olive oil production
• Transparent and traceable supply chain from specific olive groves

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2️⃣ 2. Kuraray Co., Ltd. (P&G Chemicals)

Headquarters: Tokyo, Japan
Key Offering: NEOSSANCE® Squalane (Sugar Cane-Derived), Performance Squalanes

Kuraray, through its acquisition of P&G’s chemicals business, is a powerhouse in high-purity, bio-based squalane. Its NEOSSANCE® Squalane, derived from renewable sugarcane via a proprietary process, is a market leader known for its consistency, sustainability credentials, and excellent skin-feel. It supplies major multinational cosmetic brands globally.

Sustainability & Innovation Focus:

• Leader in sugarcane-bioethanol-to-squalane technology
• Carbon negative footprint for NEOSSANCE® Squalane production
• Strong IP portfolio and continuous process optimization for cost and quality

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1️⃣ 1. Amyris, Inc.

Headquarters: Emeryville, California, USA
Key Offering: Neossance® Squalane (formerly), Plant-Based Squalane via Fermentation

Amyris is a trailblazing industrial biotechnology company that has fundamentally reshaped the squalane landscape. Using its proprietary Lab-to-Market™ platform with engineered yeast, Amyris produces squalane through precision fermentation of sugarcane syrup. This method offers a scalable, sustainable, and consistent supply, completely decoupled from traditional agricultural or marine sources, making Amyris the top innovator in the field.

Sustainability & Innovation Focus:

• Pioneer in commercial-scale fermented squalane production
• 100% plant-based, vegan, and renewable production process
• Strategic focus on supplying sustainable ingredients to its own consumer brands (Biossance, JVN) and B2B partners

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🌍 Outlook: The Future of Squalane Is Sustainable and Synthetic Biology-Driven

The squalane market is undergoing a profound transformation. While plant-derived options from olives and sugarcane now dominate, the future points towards advanced biotechnological production. The industry is moving beyond sustainability to circularity and molecular precision.

📈 Key Trends Shaping the Squalane Market:

• Accelerated shift from animal-derived to plant-based and fermentation-derived squalane
• Growing demand for certified natural (COSMOS, Ecocert) and vegan ingredients in cosmetics
• Expansion into high-growth applications in pharmaceuticals (drug delivery, vaccine adjuvants) and premium haircare
• Increased M&A and partnerships between ingredient suppliers and clean beauty brands to secure sustainable supply chains

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Squalane Market – View in Detailed Research Report

The companies listed above are not only supplying a key ingredient—they’re enabling the clean, green, and effective future of personal care and wellness.