Retinol Global Market Report 2024

Description

Retinol, a form of vitamin A, is widely utilized in skincare products for its powerful anti-aging and skin-renewing properties. It helps reduce the appearance of fine lines, wrinkles, and hyperpigmentation while promoting skin renewal and collagen production.

The retinol is categorized into natural and synthetic types. Natural retinol is sourced from plant-based ingredients such as carrots, sweet potatoes, and rosehip oil. Retinol is used in various applications including personal care and cosmetics, dietary supplements, food and beverages, animal feed, and other uses. It is distributed through both offline and online channels.

The retinol market research report is one of a series of new reports from The Business Research Company that provides retinol market statistics, including retinol industry global market size, regional shares, competitors with a retinol market share, detailed retinol market segments, market trends, and opportunities, and any further data you may need to thrive in the retinol industry. This retinol research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The retinol market size has grown steadily in recent years. It will grow from $1.28 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth observed in the historical period can be attributed to several factors. These include the increasing use of retinol in the formulation of skincare creams, rising demand for personal care and cosmetics applications, the growing adoption of products that address specific skin concerns, and heightened awareness about skincare among consumers.

The retinol market size is expected to see steady growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to several key factors. These include the increasing demand for anti-aging products, a rise in demand for fortified food and beverages, the growing popularity of synthetic retinol, and an increase in natural and organic retinol formulations. Major trends expected during this period encompass the development of new and advanced retinol formulations, technology-enabled skin analysis, technology-driven formulations, and the integration of retinol products with digital skincare platforms.

The growth of the beauty and cosmetics industry is expected to drive the retinol market forward. Factors contributing to the industry's expansion include evolving consumer preferences, technological advancements, social media influence, wellness trends, and globalization, which enhance accessibility and innovation in beauty products. Retinol is a versatile and effective ingredient in these products, offering numerous benefits for skin health and appearance. For instance, according to the International Trade Administration, Canada's cosmetics industry, which generated approximately $1.24 billion in revenue in 2021, is projected to grow at a yearly rate of 1.45%, reaching $1.8 billion by 2024. Thus, the burgeoning beauty and cosmetics industry is fueling the demand for retinol.

Companies in the retinol market are focusing on developing innovative products, such as anti-aging skincare treatments, to provide more effective solutions for addressing signs of aging. These treatments aim to improve skin texture, tone, and overall appearance by targeting the biological processes that contribute to aging. For example, in December 2023, Cosrx Inc., a leading Korean skincare brand, launched Retinol 0.3 Cream, an anti-aging solution designed to address various skin concerns and improve skin texture, making it an essential addition to skincare routines for those looking to combat aging and enhance their skin's health and appearance.

In July 2023, Croda International Plc, a UK-based chemicals company, acquired Solus Biotech for an undisclosed amount. This acquisition aims to strengthen Croda's position in the biomaterials market, expand its offerings in pharmaceuticals, cosmeceuticals, and nutraceuticals, and increase its presence in the health and beauty industries. Solus Biotech Co. Ltd. is a South Korean biotechnology company specializing in biotech-derived retinol.

Major companies operating in the retinol market are Archer Daniels Midland Company, BASF SE, Bayer AG, L'Oreal Uruguay S.A, GlaxoSmithKline plc, Merck KGaA, Estee Lauder Inc., Eastman Chemical Company, DSM, Givaudan, Adisseo, Piramal Pharma Solutions, Kingdomway Nutrition Inc., Nutraceutical International Corporation, Zhejiang Medicine Co. Ltd, Kate Somerville US, Beauty Solutions LTD, Biotics Research Corporation, Divi's Nutraceuticals, Drunk Elephant LLC, DERMAdoctor, Eluminex Biosciences, Sunday Riley, Nutrilo GmbH, The Vitamins Company

Europe was the largest region in the retinol market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the retinol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the retinol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The retinol market consists of sales of retinol creams, retinol serums, moisturizers, eye creams, and retinol sunscreens. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Retinol Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on retinol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for retinol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The retinol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Natural; Synthetic
2) By Application: Personal Care And Cosmetics; Dietary Supplements; Food And Beverage; Animal Feed; Other Applications
3) By Distribution Channel: Offline; Online
Companies Mentioned: Archer Daniels Midland Company; BASF SE; Bayer AG; L'Oreal Uruguay S.A; GlaxoSmithKline plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18729

1. Executive Summary

2. Retinol Market Characteristics

3. Retinol Market Trends And Strategies

4. Retinol Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Retinol Market Size and Growth

5.1. Global Retinol Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Retinol Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Retinol Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Retinol Market Segmentation

6.1. Global Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Natural
Synthetic
6.2. Global Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Personal Care And Cosmetics
Dietary Supplements
Food And Beverage
Animal Feed
Other Applications
6.3. Global Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline
Online

7. Retinol Market Regional And Country Analysis

7.1. Global Retinol Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Retinol Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Retinol Market

8.1. Asia-Pacific Retinol Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Retinol Market

9.1. China Retinol Market Overview
9.2. China Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Retinol Market

10.1. India Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Retinol Market

11.1. Japan Retinol Market Overview
11.2. Japan Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Retinol Market

12.1. Australia Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Retinol Market

13.1. Indonesia Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Retinol Market

14.1. South Korea Retinol Market Overview
14.2. South Korea Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Retinol Market

15.1. Western Europe Retinol Market Overview
15.2. Western Europe Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Retinol Market

16.1. UK Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Retinol Market

17.1. Germany Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Retinol Market

18.1. France Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Retinol Market

19.1. Italy Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Retinol Market

20.1. Spain Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Retinol Market

21.1. Eastern Europe Retinol Market Overview
21.2. Eastern Europe Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Retinol Market

22.1. Russia Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Retinol Market

23.1. North America Retinol Market Overview
23.2. North America Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Retinol Market

24.1. USA Retinol Market Overview
24.2. USA Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Retinol Market

25.1. Canada Retinol Market Overview
25.2. Canada Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Retinol Market

26.1. South America Retinol Market Overview
26.2. South America Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Retinol Market

27.1. Brazil Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Retinol Market

28.1. Middle East Retinol Market Overview
28.2. Middle East Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Retinol Market

29.1. Africa Retinol Market Overview
29.2. Africa Retinol Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Retinol Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Retinol Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Retinol Market Competitive Landscape And Company Profiles

30.1. Retinol Market Competitive Landscape
30.2. Retinol Market Company Profiles
- 30.2.1. Archer Daniels Midland Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bayer AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. L'Oreal Uruguay S.A
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. GlaxoSmithKline plc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Retinol Market Other Major And Innovative Companies

31.1. Merck KGaA
31.2. Estee Lauder Inc.
31.3. Eastman Chemical Company
31.4. DSM
31.5. Givaudan
31.6. Adisseo
31.7. Piramal Pharma Solutions
31.8. Kingdomway Nutrition Inc.
31.9. Nutraceutical International Corporation
31.10. Zhejiang Medicine Co. Ltd
31.11. Kate Somerville US
31.12. Beauty Solutions LTD
31.13. Biotics Research Corporation
31.14. Divi's Nutraceuticals
31.15. Drunk Elephant LLC

32. Global Retinol Market Competitive Benchmarking

33. Global Retinol Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Retinol Market

35. Retinol Market Future Outlook and Potential Analysis

35.1 Retinol Market In 2028 - Countries Offering Most New Opportunities
35.2 Retinol Market In 2028 - Segments Offering Most New Opportunities
35.3 Retinol Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer