The American physicist Richard Phillips Fenyman, first proposed the concept of nanotechnology in the year 1959. However, the researcher and professor (Tokyo University of Sciences) who actually coined the term 'nanotechnology' was Norio Taniguchi, in 1974. Now, to improve the efficacy of cosmetic and therapeutic applications in this field, the cosmetic industry is significantly embracing nanotechnology. The application of nanotechnology in the field of cosmeceuticals makes cosmetics very effective, providing better protection against UV rays, deeper penetration into the skin, long-lasting effects, higher colour, quality of finish and more. This review critically collects the latest updates regarding the use of nanomaterials for the preparation of cosmetics for pharmaceutical applications. In addition, this review provides a brief overview of almost all nano forms as cosmetic formulations different types, of cosmetics based on nanotechnology and patents.