Global Bakuchiol Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Bakuchiol is a potent, plant-derived compound, found principally in the psoralea corylifolia plant, the Babchi plant. Purported for several medicinal attributes, its standout role lies in skincare. With clinically proven benefits such as reducing fine lines, wrinkles, and overall signs of photo-aging, it has become a highly sought-after ingredient in skincare formulations.
Market Key Insights
- The Bakuchiol market is projected to grow from $532.3 million in 2024 to $1.10 billion in 2034. This represents a CAGR of 7.5%, reflecting rising demand across Skincare Products, Hair Care Products and Cosmeceuticals.
Biossance, One Love Organics, and Strivectin are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Bakuchiol market and are expected to observe the growth CAGR of 4.9% to 7.2% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.6% to 10.3%.
Transition like Escalation in Green Beauty is expected to add $77 million to the Bakuchiol market growth by 2030
- The Bakuchiol market is set to add $565 million between 2024 and 2034, with manufacturer targeting Pharma & Natural Health Products Application projected to gain a larger market share.
- With
rising preference for natural ingredients, and
expanding anti-aging segment, Bakuchiol market to expand 106% between 2024 and 2034.
Opportunities in the Bakuchiol
Bakuchiol is also sourced from the Psoralea corylifolia plant, and advancements in extraction technology are also critical to meet the growing demand. Producers investing in advanced extraction processes such as supercritical fluid extraction could also significantly boost yield efficiency, purity, and scalability of Bakuchiol.
Growth Opportunities in North America and Asia Pacific
North America Outlook
The North American market for Bakuchiol is progressively expanding, primarily driven by a robust consumer interest in healthier, more natural skin solutions. Consumers here view Bakuchiol as a safe and efficient alternative to retinol. Canadian and US skincare labels are rapidly integrating Bakuchiol into their anti-aging and skin-rejuvenating products, thus spurring demand. The presence of large cosmetic brands, innovative marketing strategies, and high disposable income are acting as drivers in this region. However, There is significant competition from synthetic products and well-established retinol-based treatments, which necessitates strategic differentiation for market success. For instance, highlighting Bakuchiol plant-based nature and superior skin tolerance could offer a robust competitive edge.
Asia Pacific Outlook
In the Asia Pacific region, the trend towards natural and holistic beauty products is propelling the demand for Bakuchiol. The region has traditionally leveraged the benefits of Bakuchiol, thanks to its origin from the seeds of the Psoralea corylifolia plant, widely used in Ayurveda and traditional Chinese medicine. The growing middle-class population, rising beauty-consciousness, and increased digital influence further drive the market in countries like India, China, and South Korea. But challenges come in the form of intense competition from a wide range of other natural ingredients, alongside regulatory hurdles
Market Dynamics and Supply Chain
Driver: Rising Preference for Natural Ingredients, and Technological Innovations in Cosmetic Industry
The increasing geriatric population together with the rising trend of beauty and wellness among the millennials is also set to drive the global anti-aging market. The unique selling proposition of Bakuchiol being its retinol-like benefits without associated side effects puts it at the vanguard of the industry. Bakuchiol is also scientifically proven to combat fine lines and wrinkles, critical parameters defining the anti-aging products, and therefore its demand in this segment is also expected to escalate dramatically
Restraint: Regulatory Compliance
Opportunity: Tapping into Emerging Markets and Strategic Collaborations for Bakuchiol-infused product lines
The skincare industry is rapidly evolving, with consumers constantly seeking new, effective, and safer products. Therefore, companies are showing a keen interest in strategic collaborations with cosmetic brands to develop innovative Bakuchiol-infused products. These partnerships can drive market growth by pooling resources, improving market reach, and elevating the appeal of Bakuchiol through joint marketing efforts.
Challenge: Production Scaling Issues
Supply Chain Landscape
Psoralea Corylifolia Farming Associations
Organic Bakuchiol Cultivators
Givaudan Active Beauty
BASF SE
L'Oreal Group
Estee Lauder Companies
Sephora
Ulta Beauty
Psoralea Corylifolia Farming Associations
Organic Bakuchiol Cultivators
Givaudan Active Beauty
BASF SE
L'Oreal Group
Estee Lauder Companies
Sephora
Ulta Beauty
Applications of Bakuchiol in Skincare Products, Hair Care Products & Cosmeceuticals
Bakuchiol has become a popular ingredient in skincare products due to its various beneficial properties for the skin. Its predominantly used as a natural alternative to retinol, exhibiting similar anti-aging and photoprotective effects without the associated side effects. Top players in the skincare industry have integrated Bakuchiol into their range, capitalizing on its strengths to boost their market position.
Detrimental environmental factors and lifestyle changes have increased the demand for advanced anti-aging and skin rejuvenating cosmeceutials. Bakuchiol is extensively employed in these products, particularly those targeting sensitive skin that cannot tolerate conventional retinol. Its unique advantage stems from its antioxidant, anti-inflammatory, and antimicrobial attributes, making it a prized component in cosmeceutical formulations. Key market players utilize Bakuchiol to present a promising combination of cosmetics and pharmaceutical benefits.
Beyond its widespread usage in skincare, Bakuchiol has also made inroads into hair care applications. It assists in hair density improvement, promotion of hair growth, and in battling hair disorders like dandruff and scalp inflammations. The primary Bakuchiol used is typically derived from natural extracts, thereby striking a chord with consumers keen on plant-based, organic hair care solutions.
Recent Developments
Olea Naturals announced their new anti-aging line, with Bakuchiol as a central ingredient, resulting in an increased demand for Bakuchiol in the organic skincare market
Atrium Innovations introduced a patented Bakuchiol extraction process, offering a more efficient means to harvest Bakuchiol and ensuring an exhaustive use of Psoralea Corylifolia plant resources
BioElements launched their new Bakuchiol-based night serum, underlining the continued trend of incorporating Bakuchiol in skincare products, especially in anti-aging treatments.
Bakuchiol, a prominent ingredient in the skincare industry, has witnessed significant recent growth. Derived from the babchi plant, this natural compound is gaining global recognition for its retinol-like effects, offering anti-aging, brightening, and skin-smoothing benefits without the irritation commonly associated with retinol. Its rising popularity reflects a broader consumer shift toward gentle, plant-based, and effective skincare solutions.