Cosmetic Retinol Market Size, Share, Growth, and Industry Analysis by Type (Synthetic and Natural) By Application (Wrinkle Treatment, Night Cream & Oil, Eye Cream, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Cosmetic Retinol Market REPORT OVERVIEW

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The global cosmetic retinol market size was USD 22 million in 2021 and market is expected to reach USD 36.4 million in 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period.

Cosmetic Retinol is an organic substance that is frequently used in beauty products and is also known as Vitamin A. In order to lessen, conceal, or prevent the appearance of skin ageing, anti-aging components are cosmeceutical skincare ingredients that hydrate the skin and shield it from sun exposure. Among the various anti-aging components that slow down the ageing process by combating UV exposure & hereditary factors and providing moisture are traditional moisturizing ingredients including peptides, hydroxy acids, hyaluronic acid, retinoic acid, and antioxidants.

Carotenoids, antioxidants, flavanols, isoflavones, leucine, nitrates, vitamin C, vitamin E, and other nutrients that inhibit the ageing process are typically found in high concentrations in anti-aging products of cosmetic retinol. Due to its capacity to stimulate cell turnover, boost collagen formation, and clear clogged pores, it is frequently utilized in anti-aging and acne treatments. Retinol-containing cosmetics are frequently promoted as anti-aging products. The look of wrinkles and fine lines has been proven to be improved by retinoids, particularly retinol. They can also aid in reducing the effects of photoaging and damage brought on by UV exposure.

COVID-19 Impact: Halt on Manufacturing Operations Led to Slower Market Growth

The cosmetic retinol market has been severely impacted by the COVID-19 outbreak. Due to numerous governments implementing numerous activities planned to slow down the spread of COVID-19, the Corona Virus pandemic affected consumers' spending patterns and purchasing decisions, resulting in a little decline in the market development for skincare products in the year 2020. Orders for social isolation, constraints on business hours, and travel restrictions are a few straightforward approaches. However, during the lockdown, sales of skincare items through online retailers rose. Over the past five to six years, there has been a surge in demand for personal care products due to growing awareness of the numerous benefits of utilizing them.                                                                                                                                                     

LATEST TRENDS

"Demand for Skincare Products to Boost Market Growth"

The main drivers of market expansion in the area include rising demand for sunscreen, and skincare products, and people's growing concern with looks. The desire to seem younger and a growing awareness of one's appearance among consumers are the main factors propelling the cosmetic retinol market for anti-aging components throughout the forecast period. A significant element driving the cosmetic retinol market expansion of anti-aging chemicals is the rising demand for cosmetics and beauty care products, particularly in emerging nations. These are important ingredients in cosmetics. The main elements driving the cosmetic retinol market expansion for anti-aging components are rising urbanization, rising income levels, and rising healthcare awareness.

Cosmetic Retinol Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Synthetic and Natural. Synthetic retinoids have the potential to effectively treat acne, wrinkles, and other ageing symptoms, hence dominating cosmetic retinol market share.

• By Application Analysis

Based on application, the market is segmented as follows: Wrinkle Treatment, Night Cream & Oil, Eye Cream, and Others. The majority of the retinol on the market is found in cream form.

DRIVING FACTORS

"Anti-Aging Property of Cosmetic Retinol to Facilitate Market Development"

The presence of numerous manufacturers and the rise in disposable income are two additional factors promoting the expansion of this market. Anti-aging substances help to prevent or delay the aging effects that time has on the skin's surface. The desire to seem younger and a growing awareness of one's appearance among consumers are the main factors propelling the market for anti-aging components throughout the forecast period.

"Increase in Healthcare Awareness to Promote Industry Progress"

A significant element driving the market expansion of anti-aging chemicals is the rising demand for cosmetics and beauty care products, particularly in emerging nations. The rising demand for anti-aging products and the rising public awareness of the advantages of retinol use in cosmetics is what is driving the global market for cosmetic retinol. These are important ingredients in cosmetics. The main elements driving the market expansion for anti-aging components are rising urbanization, rising income levels, and rising healthcare awareness.

RESTRAINING FACTORS

"High Cost and Harmful Effects to Hinder Market Growth"

Despite having many positive effects, cosmetic retinoids frequently produce acute local irritation that results in moderate erythema and skin stratum corneum peeling. Many retinol users also experience temporary skin irritation, flakiness, peeling, and redness. The skin's initial reaction to some harmful substances is inflammation. Peeling and redness symptoms that last longer than four to five weeks are typically a sign of retinol sensitivity. Retinol can cause allergic reactions such as hives, face swelling, intense burning, blistering, and changes in the color of the skin that has been treated. However, it is anticipated that the adverse reactions to retinol use may somewhat hinder the growth of this market

Cosmetic Retinol Market REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in North America"

The main nation driving the expansion of the cosmetic retinol market in North America. One of the main factors propelling the growth of the global cosmetic retinol market is the rising awareness of the advantages of utilizing retinol in cosmetics, the rising demand for anti-aging products, and the rising number of product releases. These factors boost the cosmetic retinol market growth.

KEY MARKET PLAYER

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• BASF (Germany)
• DSM (Netherlands)
• Evonik (Germany)
• Salvona Technologies (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.