Use of carrier system in nanotechnology has added advantage of improved skin penetration, depot effect with sustained release drug action. Nanotechnology has led to advances in the cosmetic industry and is expected to grow further soon. Nanotechnology-driven products cater to the expectations of both consumers and manufactures in terms of better quality and effectiveness along with improved stability and easy scale-up. Employing nanotechnology in cosmetic products enhances their stability, efficacy, quality, and overall performance. This review paper investigates some nanotechnologies; nanoparticles; nano carriers used in the cosmetic industry and provides an overview of recent advancements in this area, with an attention being paid to marketed products. Keywords: Nanotechnology, nano formulations, nanocarriers, cosmetics, liposomes, niosomes, buckyballs, dendrimers, safety and health assessment, advancements.