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).

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

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

Global 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.

Global Cosmetic Retinol Market Report Snapshots

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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).

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

Global Cosmetic Retinol Market Dynamics

Global Cosmetic Retinol Market Report Snapshots

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What is the global market size of Cosmetic Retinol Market?

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