Global Cosmetic Retinol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cosmetic Retinol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Cosmetic Retinol market finds that the global Cosmetic Retinol market reached a value of USD 397.57 million in 2022. It’s expected that the market will achieve USD 581.21 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.Retinol is believed to promote skin renewal and enhance collagen production, reduce the appearance of fine lines and wrinkles, and also reverse some of the side effects of sun damage. Therefore, retinol is favored in the cosmetics and beauty industries. Due to the COVID-19 epidemic, residents' health awareness and hygiene habits have increased, consumers' consumption preferences for cosmetics have changed, and the demand for cosmetic retinol has temporarily frustrated. At the same time, due to the economic recession caused by COVID-19, the unemployment rate has started to rise and consumer income has fallen. As a result, consumers will be more price sensitive, and competition with cheap alternatives will intensify.Protecting the health of consumers and employees is a top priority for companies and governments. For manufacturers in the hardest-hit areas, closing factories, complete or partial closures may last a long time. At the same time, due to blockade measures taken by countries or regions, the logistics speed has slowed down, which will affect the upstream and downstream supply time of the cosmetic retinol industry, thereby extending the production cycle and delivery time. In addition, the lockdown has led to the closure of beauty salons, and the demand for beauty products has also declined.At the same time, e-commerce and digital supply chains have developed rapidly in recent years. Due to the impact of COVID-19, more companies are inclined to the e-commerce model. On the one hand, by establishing a digital supply chain, they can find alternative buyers and suppliers in a timely manner. On the other hand, in response, aftermarket participants can provide an Omni channel model similar to retailers, for example, with online purchases and quick repurchase functions. The increased affinity for Internet purchases may create new opportunities for new business models or service choices. In addition, the Cosmetic Retinol industry may explore the proactive deployment of automation technologies, such as collaborative robots, autonomous material handling and industrial Internet of Things, to reduce the density of personnel throughout the operation.

Political Factors

Political factors play an important role and directly affect the profitability of the cosmetic retinol industry. Complex regulations have also had a significant impact on the global cosmetic retinol industry.The political stability of the region will provide a good foundation for the development of the cosmetic retinol industry. For example, in the United States, with the final result of the US presidential election, Biden may bring some policy stability, which is beneficial to the cosmetic retinol industry. There will be fewer twists and turns, and perhaps more stringency, but the policy results will be more predictable. On the contrary, in certain politically turbulent and even severely corrupt areas, participants in the cosmetic retinol industry will reduce economic investment, thereby restricting the development of the industry in the region.

Economic Factors

The opportunity faced by the economic development stage is a variable factor that profoundly affects the competitive advantage of a country's industry. Cosmetic retinol is believed to smooth and refine the skin surface, improve skin gloss and treat aging, so it is increasingly used in cosmetics.Regional economic development and other socio-economic factors will increase the purchasing power of consumers in the region. The increase in the level of residents' disposable income will also change the consumer's propensity to consume, and the demand for personal care and cosmetics will also increase. Consumers are gradually increasing their awareness of personal care and cosmetic ingredients. The attention to ingredients and effects has made cosmetic retinol more opportunities for development.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Cosmetic Retinol market and is expected to become the largest region by 2027.

Company Overview

BASF is one of the major players operating in the Cosmetic Retinol market, holding a share of 36.06% in 2021.

BASF

BASF engages in the provision of chemical products. It operates through the following segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, Agricultural Solutions, and Other.

DSM

DSM manufactures pharmaceutical products. The Company offers vitamins, carotenoids, nutritional lipids, and nutraceuticals products.

Segmentation Overview:

The Cosmetic Retinol market based on the product type is segmented into Natural and Synthetic. The Synthetic segment led the overall market in the year 2021, with a market share of 68.01%.

Application Overview:

By application, the Liquid Cosmetic segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cosmetic Retinol market covered in Chapter 3:

Health & Beauty Solutions (HBS)DuraeEvonikBASFSalvona TechnologiesNanovetoresDSMEastman

In Chapter 4 and Chapter 14.2, on the basis of types, the Cosmetic Retinol market from 2018 to 2029 is primarily split into:

NaturalSynthetic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cosmetic Retinol market from 2018 to 2029 covers:

Cosmetic CreamsLiquid Cosmetic

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)