A speckle reducing device includes: a polarization splitter element with a polarization splitter portion that splits incident light into first and second light containing a first and a second component respectively, which outputs the first and the second light along different directions; a first reflecting member that reflects the first light to reenter the polarization splitter element; a first conversion member disposed between the first reflecting member and the polarization splitter element, which converts the first light to third light containing the second component; a second reflecting member that reflects the third light to reenter the polarization splitter element; and a second conversion member disposed between the second reflecting member and the polarization splitter element, which converts the third light to fourth light containing the first component, wherein: the polarization splitter element outputs the second and the fourth light along one direction.