There is a drive within the cosmetic industry towards the development of more sustainable products, supported by consumer awareness of the environmental footprint. The cosmetic industry is rising to meet consumer demand by following practices, such as the use of by-products from agro-industrial waste. Quercus suber is a tree prevalent in the Mediterranean basin. The extraction of cork is considered sustainable, as this process does not harm the tree, and the amount of cork produced increases with the number of extractions. Beyond this, the cork industry produces by-products that are used to sustain the industry itself, such as cork powder, which is reused for generating energy. Additionally, cork and cork by-products contain bioactive compounds mainly with antioxidant activity that can be of use to the cosmetic industry, such as for antiaging, anti-acne, anti-inflammatory, and depigmenting cosmetic products. We provide the reader with an overview of the putative cosmetic applications of cork and its by-products as well as of their bioactive compounds. It is noteworthy that only a few cork-based cosmetic products have reached the market, namely antiaging and exfoliant products. Clearly, the use of cork upcycled cosmetic ingredients will evolve in the future considering the wide array of biological activities already reported.