Bakuchi (babchi, Psoralea corylifolia) is a traditional Ayurvedic plant grown in India, mainly used for its seeds, powder and oil.
Its extract bakuchiol has become a popular plant-based alternative to retinol in skincare. European 'clean beauty' brands are adopting it quickly, including Spain's cosmetics cluster around Barcelona.
The global bakuchiol market was about USD 0.14 billion in 2025 and is projected to reach USD 0.41 billion by 2035 (11.4% a year). Skincare accounts for more than two-thirds of demand, and European buyers put strong emphasis on regulatory compliance and quality.
Indicative estimates by Think Euro International. Actual results depend on capital invested, pricing, buyers and execution.
| EU import duty | Seeds and powder generally 0% (HS 1211). Extracts and oils vary; confirm the exact code in TARIC. |
|---|---|
| Spanish VAT (IVA) | 21% (cosmetic ingredient) |
| Spanish corporate tax | Spanish SL: 25% standard rate. Reduced 2026 rates: 19% on the first €50,000 of profit and 21% on the rest for companies with turnover under €1M; 23% for turnover under €10M; 15% for the first two profitable years of a newly created company. |
India–EU FTA: negotiations concluded on 27 January 2026. It is not yet in force (expected no earlier than 2027); once in force it removes or cuts EU duties on most Indian goods.
We coordinate company formation, registrations and licensing end-to-end with our legal and customs partners.
Talk to our team about sourcing, market entry, licensing and setting up your business in Spain.
Figures and rates are for general information (updated September 2026) and can change. Duty rates depend on the exact customs (TARIC) code, and tax depends on your specific situation. Please confirm with us before making investment decisions. This page is not legal or tax advice.
