What is the global market size of the Cosmetic Retinol Market?

Global Cosmetic Retinol Market size was valued at USD 2.89 billion in 2021 and is poised to grow from USD 3.11 billion in 2022 to USD 5.54 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

Cosmetic Retinol Market Size, Share, Growth Analysis, By Type(Natural and Synthetic), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Cosmetic Retinol Market?

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. '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'

Report ID: SQMIG30L2130 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 34 | Figures: 74

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.

Cosmetic Retinol Market Report Snapshots

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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 market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of cosmetic retinol market. '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'

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 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.

On the basis of region, cosmetic retinol market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America accounted for the largest revenue share of 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 cosmetic retinol market.

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Cosmetic Retinol Market Size, Share, Growth Analysis, By Type(Natural and Synthetic), By Region - Industry Forecast 2024-2031

Cosmetic Retinol Market Regional Insights

Cosmetic Retinol Market Report Snapshots

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What is the market size of Cosmetic Retinol Market?

Who are the key vendors in the Cosmetic Retinol Market?

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Which region accounted for the largest share in Cosmetic Retinol Market?

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