Global Bakuchiol Market Size, Share, Forecasts 2023 - 2033 | Top key players: Hallstar, Chengdu Mansite Bio, Chengdu Bio purify Phytochemicals, The Nature's Co., Wildcraft, OMY LADY, Juve Beauty, Sederma, Anecdotal, and Others.

According to a research report published by Spherical Insights & Consulting, the Global Bakuchiol Market Size Expected to Grow from USD 8.45 Billion in 2023 to USD 16.40 Billion by 2033, at a CAGR of 6.86% during the forecast period 2023-2033.



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A natural substance derived from the seeds and leaves of the Psoralea corylifolia plant, bakuchiol is produced, distributed, and used by the bakuchiol market. Many factors are driving the growth of the global bakuchiol market, such as the growing demand for plant-based ingredients in the food and beverage industry, the growing use of bakuchiol in the cosmetics industry, the growing preference of individuals for naturally produced products, and the growing need for bakuchiol in drug regeneration. Furthermore, bakuchiol is a naturally occurring chemical in plants. Customers who are searching for natural and eco-friendly skincare products find it very alluring. According to 32% of Gen Z Americans, they are eager to try vegan personal care products. Additionally, the plant-based substance bakuchiol serves as a substitute for retinol. This plant-based substance, which is made from the seeds of the Psoralea Corylifolia shrub, offers a gentler alternative with similar anti-aging benefits without the usual drawbacks of retinol. Furthermore, a lotion containing 1% Bakuchiol was administered to 16 volunteers in a clinical study who ranged in age from 41 to 60. In addition to a noticeable improvement in pigmentation, elasticity, firmness, lines and wrinkles (with a 20% decrease in wrinkle depth), and general photodamage, there was no skin sensitivity after 12 weeks. This type of clinical research, which ensures the benefits of using Bakuchiol, drives the market's growth. However, numerous obstacles are limiting the industry's growth, such as the high cost of bakuchiol, a limited market share that is still in its adolescence in many developing countries, the high operating and maintenance costs, and the complex and burdensome regulatory processes.

The natural segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.

Based on the type, the global bakuchiol market is categorized natural, semi-synthetic and completely synthetic. Among these, the automotive applications segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Natural bakuchiol has been employed more and more in traditional Chinese and Indian medicine because of its anti-inflammatory and anti-tumor qualities. Potential use as an antioxidant is suggested by natural bakuchiol's exceptional ability to remove reactive oxygen species.

The cosmetics segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.

Based on the application, the global bakuchiol market is categorized as specialty adhesives and sealant products. Among these, the cosmetics segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The rising desire for skincare products devoid of artificial substances and the growing knowledge of Bakuchiol's advantages as a milder substitute for retinol are the main causes of this.

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North America is projected to hold the largest share of the global bakuchiol market over the forecast period.

North America is projected to hold the largest share of the global bakuchiol market over the forecast period. The main drivers of this region's market growth are the rise of the leading competitors in the industry and increased spending in the research and development of natural cosmetic components. Rising disposable income, greater investment by large corporations in online distribution channels, and product innovations in the cosmetics industry are some of the primary factors propelling the market expansion in this region.

Asia Pacific is expected to grow at the fastest CAGR growth of the global bakuchiol market during the forecast period. Due to several causes, such as the plant's easy accessibility, the increasing use of bakuchiol in regenerative therapies, and increased awareness of skincare and color cosmetics, the market in this sector is expected to rise dramatically. The expansion of the market in this region is mostly the result of major countries like China, India, Japan, South Korea, and Australia.

Major vendors in the global bakuchiol market Caymon Chemical, Sytheon, Hallstar, Chengdu Mansite Bio, Chengdu Bio purify Phytochemicals, The Nature's Co., Wildcraft, OMY LADY, Juve Beauty, Sederma, Anecdotal, and Others.

Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)

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Recent Developments
In November 2024, Sytheon, Ltd., whose active ingredients include hero items like Sytenol A, the purest Bakuchiol available on the market, will form a new product line inside Hallstar's Beauty division, has been acquired by Global Specialty Chemical Company Hallstar.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global Bakuchiol market based on the below-mentioned segments:

Global Bakuchiol Market, By Type
Natural
Semi-Synthetic
Completely Synthetic

Global Bakuchiol Market, By Application
Cosmetics
Therapies
Food and Beverages
Personal Care
Regenerative Medicines Applications

Global Bakuchiol Market, By Regional
North America
US
Canada
Mexico

Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Australia

Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America

Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

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This release was published on openPR.