USD 22.54 million
Cosmetic Retinol Market Size, Share, Growth Analysis, By Type(Natural and Synthetic), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2130 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
34
|Figures:
74
Cosmetic Retinol Market Insights
Global Cosmetic Retinol Market size was valued at USD 22.54 million in 2022 and is poised to grow from USD 23.73 million in 2023 to USD 35.88 million by 2031, at a CAGR of 5.30% during the forecast period (2024-2031).
Cosmetic retinol is known as vitamin A and it is an organic substance that is frequently used in beauty products. To slow, hide or prevent skin aging, anti-aging ingredients are cosmetic skincare ingredients that hydrate the skin and protect it from exposure. Traditional moisturising substances such as peptides, hydroxyl acids, hyaluronic acid, retinoic acid, and antioxidants are among the anti-aging agents that fight exposure and genetic factors to slow the ageing process. Carotenoids, antioxidants, flavanols, vitamin C, vitamin E, and other anti-aging nutrients are typically found in high concentrations in cosmetic retinol products. It is often used in anti-aging and acne treatments due to its ability to increase cell turnover, increase collagen synthesis, and clear clogged pores.
Global cosmetic retinol market is mainly driven by the increasing demand for anti-aging products and the growing awareness about the advantages of using retinol in cosmetics. The increase in disposable income and the presence of a large number of manufacturers are major factors for the market expansion. Also, the adoption of new technologies in manufacturing and production, effective research and development (R&D) activities, rise in the number of seminars, events, and campaigns also led to a rise in demand for cosmetic retinol products. However, the side effects associated with retinol use are expected to hamper the growth of this market.
US Cosmetic Retinol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Natural
Growth Rate
5.30% CAGR
Global cosmetic retinol market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Cosmetic Retinol Market Segmental Analysis
Cosmetic Retinol Market is segmented on the basis of type, application and region. On the basis of type, global Cosmetic Retinol Market is segmented into natural and synthetic. On the basis of application, global Cosmetic Retinol Market is segmented into cream, lotion and serum. On the basis of region, global Cosmetic Retinol Market is divided into North America, Europe, Asia Pacific, Latin America and MEA.
Cosmetic Retinol Market Analysis by Type
On the basis of type, global cosmetic retinol market is segmented into natural and synthetic. The synthetic cosmetic retinol segment dominated the global cosmetic retinol market in 2022. Synthetic cosmetic retinol is man-made in a laboratory. It is found in over-the-counter (OTC) products and in less concentration and is available through dermatologists. While it has side effects over other forms of vitamin A, it can still cause skin irritation, redness, and peeling. Synthetic cosmetic retinol can effectively treat acne and wrinkles when it is prescribed by a doctor.
Natural retinol is derived from animal sources such as fish or sheep liver. It is also present in some plant-based foods such as carrots and spinach. Due to the side effects of synthetic cosmetic retinol products, consumers are moving forward with natural cosmetic retinol products. Due to this entire factor, natural cosmetic retinol segment is expected to grow at fastest CAGR during forecast period.
Cosmetic Retinol Market Analysis by Application
On the basis of application, global cosmetic retinol market is segmented into cream, lotion and serum. The cream segment is expected to dominate global market. Anti-aging products in the form of creams are available worldwide such as eye creams, face creams, and anti-wrinkle creams. They give protection from harmful UV rays. Major players in global cosmetics retinol market are constantly working on R&D to improve creams as they are widely used by consumers.
Demand for face and hair serums that create a soft and silky appearance to skin and hair is increasing. The increasing demand for skin care and hair care is expected to drive the serum segment.
Global cosmetic retinol market size by type, 2022 (%)
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Cosmetic Retinol Market Regional Insights
On the basis of region, global cosmetic retinol market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America accounted for the largest revenue share of global cosmetic retinol market in 2021. The United States and Canada are major states contributing to the growth of the North American cosmetic retinol market. The increase in awareness about the benefits of using retinol in cosmetics, and the growing demand for anti-aging products are some of the major factors driving the growth of global cosmetic retinol market.
China, Japan, India, South Korea, Australia & New Zealand, are expected to be major contributors to the growth of the cosmetic retinol market in Asia Pacific. Increasing disposable income and awareness about skincare among women are increasing the demand for cosmetic retinol products in this region.
Europe is projected to be a significant contributor to the growth of the cosmetic retinol market. The growing demand for anti-aging products, increasing awareness about the benefits of using retinol in cosmetics, and the presence of a large number of manufacturers are some of the key factors driving the growth market in this region.
Global cosmetic retinol market size by geography 2022-2030
- Largest
- Fastest
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Cosmetic Retinol Market Dynamics
Cosmetic Retinol Market Driver
Anti-aging property of cosmetic retinol
- Rising living standards, rising income and purchasing power among middle-aged customers, and the availability of cost-competitive products and anti-aging treatments are some of the primary factors anticipated to drive market growth. The anti-aging substance helps to prevent aging effects on the surface of the skin. The desire to see younger and growing awareness among customers are the major factors that drive the market growth.
Increasing awareness among individuals related to skin care
- Growing awareness among individuals regarding skin care is a major factor in the market expansion. As public awareness of the benefits of using retinol in cosmetics is increasing, the demand for cosmetics and beauty products is high.
Cosmetic Retinol Market Restraint
High costs and harmful effects
- Consumers buy anti-aging cosmetics to look younger. Due to the availability of cheap and low-quality alternatives in the market, the demand and sales of anti-aging cosmetics are highly affected. Most anti-aging products contain harmful ingredients and state them as regular on the packaging. The possibility of such serious health problems due to ingredients used in anti-aging cosmetics is a major factor that hampers the revenue growth of the market.
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Cosmetic Retinol Market Competitive Landscape
Global cosmetic retinol market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global cosmetic retinol market.
Cosmetic Retinol Market Top Player's Company Profiles
- Shiseido Co., Ltd.
- L'Oreal S.A.
- Procter & Gamble Co.
- Johnson & Johnson Services, Inc.
- Unilever PLC
- Estee Lauder Companies Inc.
- Revlon Inc.
- Avon Products, Inc.
- The Body Shop International Limited
- Mary Kay Inc.
- Amorepacific Corporation
- Kao Corporation
- Chanel SA
- Clarins SA
- Coty Inc.
- Natura & Co Holding SA
- Colgate-Palmolive Company
- Beiersdorf AG
- Oriflame Holding AG
- Yves Rocher SA
Cosmetic Retinol Market Recent Developments
- In November 2022, the Royal College of Physicians will host the eighth version of the Anti-Ageing Skin Care Conference event. 150 people are expected to attend the event. Professionals from the skincare products, anti-aging, and sun protection industries will be among the representatives. The Anti-Aging Skin Care Conference 2022 will focus on healthy skin aging across the lifespan, emphasizing that our skin begins to age at birth, with ever-changing needs. Such events help educate consumers about skin aging and suggest solutions.
- On January 12, 2022, Suneva Medical, Inc. an innovative medical technology company that uses medical technology to change the standard of care in aesthetic treatments, and Viveon Health Acquisition Corp., a special purpose acquisition company, announced that it has entered into a definitive merger agreement. Upon completion of the transaction, the combined company's equities are expected to trade on the NYSE under the symbol 'RNEW'. The merger will revolutionize the non-surgical anti-aging cosmetics market.
Cosmetic Retinol Key Market Trends
- Increasing demand for anti-aging products and growing awareness about the advantages of using retinol in cosmetics, due to both of these factors increases demand for cosmetic retinol products. The adoption of new technologies in manufacturing and production, effective research and development (R&D) activities, rise in the number of seminars, events, and campaigns also led to a rise in demand for cosmetics retinol products.
Cosmetic Retinol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global cosmetic retinol market analysis, the synthetic cosmetic retinol segment dominated the global market in 2022, but synthetic cosmetic retinol product has side effects over other forms of vitamin A, it can still cause skin irritation, redness, and peeling. So peoples are moving towards natural products, so natural cosmetic retinol segment is expected to grow at fastest CAGR during forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 22.54 million |
| Market size value in 2031 | USD 35.88 million |
| Growth Rate | 5.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cosmetic Retinol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cosmetic Retinol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cosmetic Retinol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Retinol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Retinol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Retinol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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