The Global Squalane Market was valued at USD 220 Million in 2025 and is projected to reach USD 450 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2025–2032). This growth is being driven by surging demand for natural skincare ingredients, the shift toward vegan and plant-based alternatives, and expanding applications in cosmetics, pharmaceuticals, and nutraceuticals across personal care sectors.

As the beauty and personal care industry transforms toward clean, sustainable, and high-performance ingredients, the spotlight is on the key squalane producers who are driving innovation, scalability, and eco-friendly sourcing. In this blog, we profile the Top 10 Companies in the Squalane Industry—a mix of biotech innovators, plant-derived specialists, and global suppliers shaping the future of hydrating, non-comedogenic emollients in beauty formulations.

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

Headquarters: Osaka, Japan
Key Offering: High-purity shark liver-derived squalane, transition to sustainable alternatives

Kishimoto Special Liver Oil is a veteran in the squalane space, renowned for its premium shark-derived squalane used in luxury cosmetics for its exceptional stability and skin affinity. While traditionally focused on marine sources, the company has begun exploring hybrid production methods to meet evolving ethical standards. Their products are staples in high-end serums and anti-aging creams, serving major Japanese and international beauty brands. With decades of refining expertise, Kishimoto ensures consistent quality amid shifting market preferences toward sustainability.

Sustainability Initiatives:

• Research into olive and plant-based squalane hybrids
• Certifications for responsible sourcing practices
• Commitment to reduce animal-derived dependency by 50% by 2030

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

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9️⃣ 2. Empresa Figueirense de Pesca (EFP)

Headquarters: Figueira da Foz, Portugal
Key Offering: Marine-derived squalane, refined shark liver oils

EFP stands as a key European supplier of squalane extracted from deep-sea shark livers, prized for its purity and bioavailability in pharmaceutical and cosmetic applications. Operating sustainably within regulated fisheries, the company supplies to brands seeking natural emollients with proven efficacy. Their production processes emphasize minimal waste and high yield, making them competitive despite the industry’s pivot to plant sources. EFP’s focus on traceability appeals to formulators demanding verified origins.

Sustainability Initiatives:

• Adherence to EU marine stewardship council standards
• Investments in by-product utilization for zero-waste
• Exploration of algae-based squalene precursors

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8️⃣ 3. Matrix Life Science Pvt. Ltd.

Headquarters: Pune, India
Key Offering: Plant-based squalane from olives and sugarcane

Matrix Life Science has emerged as a rising star in Asia, specializing in affordable, vegan squalane derived from olive waste and sugarcane. Their innovative extraction technologies deliver squalane with superior oxidative stability for mass-market skincare. Serving both domestic giants and export markets, Matrix emphasizes scalability to meet booming demand in emerging economies. Their vertical integration from sourcing to refining ensures cost-effectiveness without compromising quality.

Sustainability Initiatives:

• 100% renewable plant sources with circular economy focus
• Carbon-neutral manufacturing facilities
• Partnerships with local farmers for ethical sourcing

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7️⃣ 4. Olvea Vegetable Oils

Headquarters: Saint-Vaast-la-Hougue, France
Key Offering: Olive-derived squalane, organic certified emollients

Olvea excels in producing squalane from olive oil by-products, transforming agricultural waste into a premium cosmetic ingredient. As a leader in Mediterranean sourcing, they supply clean beauty brands with ECOCERT-approved squalane ideal for sensitive skin formulations. Their expertise in cold-pressing and hydrogenation maintains the molecule’s lightweight, non-greasy profile. Olvea’s global distribution network supports innovation in natural moisturizers worldwide.

Sustainability Initiatives:

• Upcycling olive pomace for zero agricultural waste
• Organic certifications and biodiversity projects
• Goal of 20% production increase in plant-derived by 2028

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

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6️⃣ 5. Golden Oleifera Especialidades Vegetais Ltda

Headquarters: São Paulo, Brazil
Key Offering: Sugarcane-derived bio-squalane

Golden Oleifera leverages Brazil’s abundant sugarcane to produce biotech squalane via fermentation, offering a scalable, ethical alternative to traditional sources. Their product matches animal-derived performance in spreadability and absorption, gaining traction in Latin American and global clean beauty markets. By partnering with sugar mills, they ensure low-cost, high-volume supply for everything from lip balms to serums.

Sustainability Initiatives:

• Fully renewable sugarcane fermentation process
• Deforestation-free supply chain certifications
• Net-zero emissions target by 2030

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5️⃣ 6. Croda International Plc

Headquarters: Goole, East Riding of Yorkshire, UK
Key Offering: High-performance plant squalane for cosmetics and pharma

Croda is a global powerhouse in specialty chemicals, delivering squalane optimized for advanced formulations in anti-aging and drug delivery systems. Acquired capabilities in biotech squalane position them at the forefront of multifunctional emollients. Their rigorous testing ensures compatibility with actives, serving premium brands worldwide. Croda’s R&D drives next-gen applications beyond skincare.

Sustainability Initiatives:

• 100% bio-based sourcing portfolio expansion
• RSPO-certified sustainable palm alternatives
• Climate-positive ambitions across operations

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4️⃣ 7. SOPHIM

Headquarters: Marseille, France
Key Offering: 100% plant-derived squalane (Sophim Squalane)

SOPHIM pioneered vegetable squalane from olives, setting the standard for cruelty-free beauty ingredients since 1996. Their hypoallergenic, COSMOS-approved product excels in luxury face oils and haircare, with unmatched purity levels. Supplying over 500 cosmetic houses, SOPHIM combines tradition with cutting-edge refining for consistent batch quality.

Sustainability Initiatives:

• Exclusive olive waste valorization
• Carbon footprint reduction of 40% since 2015
• Collaborations for biotech enhancements

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3️⃣ 8. Amyris Inc.

Headquarters: Emeryville, California, USA
Key Offering: Fermentation-based bio-squalane (J-Refine)

Amyris revolutionized squalane with sugarcane-fermented biotech processes, delivering identical-to-nature molecules at industrial scale. Despite challenges, their technology empowers drop-in replacements for legacy sources, fueling viral clean beauty trends. Partnerships with Unilever and Shiseido highlight their market impact in high-demand serums.

Sustainability Initiatives:

• Precision fermentation for infinite scalability
• No animal or land-use impacts
• Life-cycle assessments for transparency

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2️⃣ 9. Croda (with Biosynca acquisition)

Headquarters: Scone, Australia (Biosynca ops)
Key Offering: Sugarcane squalane, biotech variants

Through its Biosynca acquisition, Croda bolsters biotech squalane from sugarcane farnesene, targeting pharma-grade purity. This integration enhances their portfolio for injectable and topical uses, emphasizing stability in complex emulsions. Global reach supports personalized skincare revolutions.

Sustainability Initiatives:

• Biotech avoidance of virgin feedstocks
• GHG emissions tracking and offsets
• Supply chain regenerative agriculture

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1️⃣ 10. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: CosmeSqualane™, synthetic plant-derived squalane

Kuraray leads the market with its proprietary sugarcane-derived squalane, offering unmatched consistency and sensory elegance for premium cosmetics. Their chemical synthesis yields pharma-compliant grades, powering innovations from L’Oréal to indie brands. Investments in capacity expansion solidify dominance in Asia-Pacific and beyond.

Sustainability Initiatives:

• 100% renewable feedstock processes
• ISCC PLUS certified sustainable supply
• R&D for next-gen bio-identical molecules

Get Full Report Here: Squalane Market – View in Detailed Research Report

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🌍 Outlook: The Future of Squalane Is Plant-Powered and Biotech-Driven

The squalane market is undergoing a profound evolution. While animal-derived variants linger in niche pharma uses, plant and synthetic sources now command premium growth, backed by billions in beauty R&D for clean-label hydration solutions.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion for olive and sugarcane-derived squalane in Europe, US, and Asia-Pacific
• Regulatory mandates for cruelty-free labeling and sustainable sourcing by 2030
• Digital traceability in supply chains and biotech fermentation scalability
• Beauty-pharma alliances for multi-functional emollient formulations

Get Full Report Here: Squalane Market – View in Detailed Research Report

The companies listed above are not only hydrating global beauty routines—they’re spearheading the vegan transition of skincare innovation.

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