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 2025-2032

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

Cosmetic Retinol Market News

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 Market Report Snapshots

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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).

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'

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, 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.

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Cosmetic Retinol Market Size, Share, Growth Analysis, By Type(Natural and Synthetic), By Region - Industry Forecast 2025-2032

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