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Algae are oxygenic photosynthetic organisms that are mainly found in aquatic environments and wetlands. There is an increasing trend in the usageof photosynthetic microorganisms including macro-and micro-algae in the field of Cosmeceuticals by incorporating the bulk products extracted from its biomass into cosmetic formulations. There are many scientific corroboration that proves the competence of algae but of course, it depends on specific type of extract, how it is processed and its application. Due to the growing economic aspect of the cosmetic industry, the need for harmless and efficient natural raw ingredients has become an utmost necessity. According to certain research reports, algal products used in cosmeceuticals have been known to be suitable alternatives with constructive effect even after prolonged usage. Diverse algal species are now being used widely for the treatment of various skin related problems by acting as a moisturizer or texture enhancing, sunscreens, anti-wrinkling, etc. This review basically focuses on the commercial value of various algal products extracted from both macro-and microalgal species for its use as a substitute in the biotechnology and cosmetic industry.