Global Bakuchiol Market Insights Forecasts to 2033 

• The Global Bakuchiol Market Size was Valued at USD 8.45 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.86% from 2023 to 2033
• The Worldwide Bakuchiol Market Size is Expected to Reach USD 16.40 Billion by 2033 
• Asia Pacific is Expected to Grow the fastest during the forecast period.   

The Global Bakuchiol Market Size is anticipated to exceed USD 16.40 Billion by 2033, Growing at a CAGR of 6.86% from 2023 to 2033.  

Market Overview

The industry that produces, distributes, and utilizes bakuchiol a natural substance made from the seeds and leaves of the Psoralea corylifolia plant is known as the bakuchiol market. The global bakuchiol market is expanding due to a number of factors, including the increasing need for bakuchiol in regenerating drugs, the growing use of bakuchiol in the cosmetics industry, individual growing preference for naturally produced offerings, and the developing customer demand for plant-based components in the food and beverage industry. Additionally, bakuchiol is a naturally occurring substance that comes from plants. Customers looking for eco-friendly and natural skincare products find it quite tempting. 32% of Gen Z Americans are actually excited to test vegan personal care products. The market for Bakuchiol is expanding because to the growing number of people who are willing to eat vegan products. 

Report Coverage

This research report categorizes the global bakuchiol market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global bakuchiol market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global bakuchiol market.  

Driving Factors

The rising number of people focus on skincare by increasing the utilization of organic or natural components that provide anti-aging and healthy skin output. Bakuchiol is a crucial ingredient, it is fueling the market for serums containing bakuchiol. Increased consumer knowledge and changing skincare market preferences are two major causes driving this interest spike. Additionally, the alternative product for retinol is bakuchiol, which is a plant-based product. This plant-based compound, prepared by utilizing the seeds of the Psoralea Corylifolia shrub, provides a milder substitute that has comparable anti-aging effects without the typical negative effects of retinol.  Additionally, in a clinical research, 16 participants between the ages of 41 and 60 were given a lotion containing 1% Bakuchiol. After 12 weeks, there was no skin irritation and a notable improvement in pigmentation, elasticity, firmness, lines and wrinkles (with a 20% reduction in wrinkle depth), and overall photodamage. This kind of clinical study, which guarantees the effects of utilizing Bakuchiol, propels the market's expansion.

Restraints & Challenges

The market growth is being restrained by a number of challenges, including the expensive cost of bakuchiol, low market penetration that is still in its infancy in many developing nations, high operating and maintenance costs, and intricate and onerous regulatory procedures.

Market Segmentation

The global bakuchiol market share is classified into type and application.

• The natural segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.                                

Based on the type, the global bakuchiol market is categorized as natural, semi-synthetic and completely synthetic. Among these, the natural segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. This is due to its anti-inflammatory and anti-tumor properties, natural bakuchiol has been used more and more in traditional Chinese and Indian medicine for millennia. With its remarkable capacity to eliminate reactive oxygen species, natural bakuchiol has a promising role as an antioxidant.

• The cosmetics segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.       

Based on the application, the global bakuchiol market is categorized as cosmetics, therapies, food and beverages, personal care, and regenerative medicines applications. Among these, the cosmetics segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. Bakuchiol's advantages as a milder substitute for retinol and the rising desire for skincare products devoid of artificial substances are the main causes of this.

Regional Segment Analysis of the Global Bakuchiol Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

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

North America is projected to hold a significant share of the global bakuchiol market over the forecast period. The expansion of the top competitors in the market and rising investments in the study and creation of natural cosmetic ingredients are the primary factors propelling this region's market growth.  The main drivers of this region's market growth include a number of variables, including rising disposable income, increased investment by major companies in online distribution channels, and product breakthroughs in the cosmetics business. Important nations including the United States, Canada, and Mexico are mostly responsible for this region's market expansion. Because of favorable government initiatives and rising demand for bakuchiol in regenerative therapies and personal care products, the United States is leading the North American market for bakuchiols.

Asia Pacific is expected to grow at the fastest CAGR growth of the global bakuchiol market during the forecast period. The market in this area is anticipated to increase significantly due to a number of factors, including the plant's simple accessibility, the growing use of bakuchiol in regenerative therapies, and rising awareness of skincare and color cosmetics. Major nations including China, India, Japan, South Korea, and Australia are mostly responsible for this region's market expansion. Because there are so many Bakuchiols manufacturing businesses in this region, China is currently the market leader.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global bakuchiol market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Caymon Chemical
• Sytheon
• Hallstar
• Chengdu Mansite Bio
• Chengdu Bio purify Phytochemicals
• The Nature’s Co.
• Wildcraft
• OMY LADY
• Juve Beauty
• Sederma
• Anecdotal
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2024, Sytheon, whose active ingredients include hero items like Sytenol A, was bought by Hallstar Beauty, a Chicago-based leading supplier of components and technology for beauty and personal care, with a focus on skin and sun care. Hallstar hopes to grow its company's operations and product line with this acquisition.

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