The study compared a microalgae-derived bioretinoid (MBR) with both retinol and bakuchiol. In cell models, MBR performed well on cell renewal, melanin reduction and regulation of the skin's extracellular matrix.
In the clinical part it improved skin texture, firmness, elasticity and pigmentation with results the researchers described as comparable to retinol. A combination of MBR with a low dose of retinol also improved hydration and reduced retinol-related irritation.
This is a meaningful difference from ordinary “retinol-like” marketing ingredients. Many current alternatives, such as bakuchiol and various plant extracts, mimic part of retinol's effects indirectly, for example through antioxidant and calming mechanisms. The microalgae bioretinoid was reported to act on the retinoid pathway as well, which is why it is called a biomimetic retinoid alternative.
That does not mean it is chemically retinol, or that it already carries the same weight of evidence as retinol.