Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.34 Billion | USD 14.38 Billion | 6.95% | 2024 |
FrequentlyAsked Questions
Bakuchiol is a plant-based extract derived from Psoralea corylifolia (babchi plant) and serves as a gentle, natural alternative to retinol in skincare. It offers anti-aging benefits like boosting collagen, reducing wrinkles, and firming skin.
The bakuchiol market is expected to be driven by increasing demand for natural skincare ingredients, growing awareness of clean beauty trends, consumer preference for retinol alternatives, expanding premium skincare applications, and rising adoption among sensitive skin consumers.
According to our study, the global bakuchiol market was worth around USD 7.34 billion in 2024 and is predicted to grow to around USD 14.38 billion by 2034.
The CAGR value of the bakuchiol market is expected to be around 6.95% during 2025-2034.
The global bakuchiol market will register the highest revenue contribution from North America during the forecast period.
Key players in the bakuchiol market include Unilever plc, L'Oréal SA, Procter and Gamble Company, Estée Lauder Companies Inc., Shiseido Company Limited, Beiersdorf AG, Johnson and Johnson, Coty Inc., Kao Corporation, Henkel AG and Co. KGaA, LVMH Moët Hennessy Louis Vuitton SE, Chanel SA, Clarins Group, Symrise AG, Givaudan SA, Firmenich SA, International Flavors and Fragrances Inc., Croda International Plc, BASF SE, and Evonik Industries AG.
The report provides a comprehensive analysis of the bakuchiol market, including an in-depth examination of market drivers, restraints, emerging trends, regional dynamics, and future growth prospects. It also examines the competitive dynamics, ingredient innovations, distribution strategies, and consumer preferences that shape the natural cosmetic ingredients ecosystem.
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