USD 22.54 million
Report ID:
SQMIG30L2130 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
34
|Figures:
74
Cosmetic Retinol Market size was valued at USD 23.73 Million in 2023 and is poised to grow from USD 24.99 Million in 2024 to USD 37.78 Million by 2032, growing at a CAGR of 5.30% during the forecast period (2025-2032).
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.
Global Market Size
USD 22.54 million
Largest Segment
Synthetic
Fastest Growth
Natural
Growth Rate
5.30% CAGR
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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.
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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.
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Cosmetic Retinol Market Driver
Anti-aging property of cosmetic retinol
Increasing awareness among individuals related to skin care
Cosmetic Retinol Market Restraint
High costs and harmful effects
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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
Cosmetic Retinol Market Recent Developments
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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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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Report ID: SQMIG30L2130
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