Awhile back, I was sent samples of a Makari Skin Whitening & Lightening Cream to try. The cream is hydroquinone free and instead contains arbutin, mulberry extract and licorice extract as recognizable melasma treatment ingredients. A more recent version also contains caviar extract, which it claims is effective.
I am skeptical of the caviar extract claim, but arbutin and licorice are couple favorite ingredients of mine. The cream is lightly moisturizing, but not oily, and it did not seem to clog my pores. Whether it was effective or not was hard to say. I was using the cream in conjunction with a PCA Skin Care gel that I have found to be very effective, so the best I can say is that when I alternated between the two, my melasma continued to improve.
Makari makes a number of products, all with quite attractive packaging. They also have samples available for a low cost.