Bakuchiol Market – Increase in Demand for Bakuchiol Including Products in Pharmaceutical Industry to Lead the Market Growth – Growing at a CAGR 6.3% from 2022 to 2028

Bakuchiol
  • Bakuchiol Market

As stated in our extensive report; the Global Bakuchiol Market accounted forUSD 5.1 Millionin 2021.

Bakuchiol's rising popularity as a natural retinoid substitute is the main reason propelling the industry. In addition, this product's consumption has increased due to rising demand from emerging nations' pharmaceutical and cosmetic industries.

Factors Influencing Global Bakuchiol Market Growth

The growth of the Global Bakuchiol Market can be attributable to the following:

  1. The Bakuchiol Market is driven by factors such as rising demand from the pharmaceutical industry, personal care applications, and awareness of anti-aging goods.
  2. Additionally, consumers' growing preference for natural ingredients is fueling the Market's expansion.
  3. The other cause is increased consumer expenditure on luxury products and the emerging vegan trend, which has created considerable prospects for product development in various end-use industries, including personal care and cosmetics, the pharmaceutical industry, and others.
  4. Bakuchiol can be used for several purposes, including treating wrinkles and acne. Products containing Bakuchiol are rapidly gaining popularity due to their ability to fight the various factors that cause aging symptoms, including fine lines, dark spots, to name a few.
  5. Bakuchiol is used as an ingredient in the pharmaceutical industry. It has several uses, including anti-inflammatory, antioxidant, and antibacterial qualities, making it a viable ingredient in mouthwash and toothpaste. For its benefits on hair development, Bakuchiol can also be added to shampoos.
  6. Moreover, Bakuchiol oil preparations are becoming increasingly popular among people experiencing issues related to skin aging. This rising popularity is due to its rejuvenating effect on the skin tissues, which makes them firmer and more elastic without causing any irritation caused by other chemicals typically found in similar formulations based on retinol.

Asia Pacific Region Dominates the Global Market

Asia Pacific holds the largest market share in the Bakuchiol Market and is anticipated to continue this trend in the coming years. Due to the abundance of production facilities, the presence of a high base population in the region, as well as the high demand from developed regions, the dominance is anticipated to remain. Therefore, throughout the forecast period, moderate growth is expected to be seen in Asia Pacific.

Conclusion

As per our latest report on the Global Bakuchiol Market, the most advantageous Active Pharmaceutical Ingredient (API) forthe pharmaceutical industry, personal care applications, and products of anti-aging goods. Thus, the increasing demandfor such products across the globe certainly impacts the overall Bakuchiol Market.

The well-known players of the Global Bakuchiol Market include Cayman Chemical, Sytheon, Chengdu Mansite Bio, Chengdu Biopurify Phytochemicals and others.