Bakuchiol Market to Reach Valuation of USD 7.3 Million by 2028 – Surge in Demand from Cosmetics & Pharmaceutical Companies in Developing Regions Drives the Market

In terms of revenue, the Global Bakuchiol Market is expected to reach USD 7.3 Million by 2028, growing at a CAGR (Compound Annual Growth Rate) of 6.20% from 2022 to 2028.

The seeds and leaves of the babchi plant are the sources of the extract known as Bakuchiol. It is a common ingredient in both traditional Chinese medicine and Ayurvedic treatment in India. In addition to driving market consumption and expansion, its anti-inflammatory, antibacterial, and skin-lightening characteristics assist calm, healing, and soothing the skin.

In addition, it's utilized for a wide range of skin-care objectives, including anti-aging, acne treatment, firming up the skin, and minimizing the look of pores. Products that contain the magic word Bakuchiol are blowing up in popularity because of their multi-pronged attack on the causes of visible aging.

Key Highlights from Report:

● Based on the segment of Applications, the Bakuchiol Market has been segmented into the Pharmaceutical Industry, Personal Care, and Other Applications. The Pharmaceutical Industry segment of the application segment contributes to significant market revenue. Bakuchiol can also be added to shampoos due to their hair growth advantages. This segment will likely flourish in the coming years due to all these factors.

● Based on Type, the Bakuchiol Market is bifurcated into 90-95% purity and 95-99% purity. Among Types, the 95-99% purity segment is anticipated to dominate the Bakuchiol Market share. To have any visible result and benefit on the skin, Bakuchiol (99% Purity) should be at least 1 to 1.5% in the product or it would give nearly no results once used.

● Asia Pacific Bakuchiol Market is dominating the market with the highest CAGR (Compound Annual Growth Rate) in the coming years. In cosmetics, Bakuchiol began to be used in Asia Pacific and was brought to market by Sytheon. Therefore, there is an increase in demand for Bakuchiol products in the flourishing natural skincare market, propelling the Bakuchiol regional market expansion.

Market Dynamics:

Significant reasons, such as rising demand from the pharmaceutical sector and other personal care applications, are fueling the expansion of the Global Bakuchiol Market. The increasing demand and surge in Bakuchiol output might also be attributed to customers' increasing preference for all-natural components. The rising demand for anti-aging goods is another factor fueling this industry's expansion. Sales in this industry are expected to rise thanks to rising disposable income and increasing consumer spending on luxury products.

There will be new potential for the market to expand in the coming years as the growing vegan movement leads to significant product development prospects across a wide range of end-use sectors.

The global Bakuchiol Market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among regions, Asia Pacific held the largest Bakuchiol Market share and is anticipated to continue during the forecast period. This surge is because of the growth in demand for plant-based ingredients in personal care products from the end-users, such as consumers and beauty product manufacturers, which results in a high preference for natural products in this region.

The Global Bakuchiol Market is Segmented as follows:

• Type
  • Natural
  • Semi-Synthetic
  • Completely Synthetic
  • Plant-based
• Form
  • Oil-based
  • Cream-based
  • Serum based
• Application
  • Cosmetics
  • Therapies
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Bakuchiol Market is:

Cayman Chemical, Sytheon, Chengdu Mansite Bio, Chengdu Biopurify Phytochemicals

The Global Bakuchiol Market Scope can be Tabulated as below: