03-Aug-2021 | Zion Market Research
Major companies in anti-aging ingredients market are L’Oreal, Coty Inc., Personal Microderm, Alma Lasers Ltd., Solta Medical Inc., Beiersdorf AG, Cynosure Inc., Allergan Inc., Photomedex Inc., DSM, Adeka, Unilever PLC, DOW Chemical Company, BASF SE, Kao Corporation, and BioThrive Sciences, amongst others. These players are set to bolster the development of global Anti-Aging Ingredients market.
According to analysts at Zion Market Research, the global Anti-Aging Ingredients market accounted for more than USD 755.45 Million in 2020 and is expected to reach USD 1279.92 Million by 2028, growing at a CAGR of 6.8% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Anti-Aging Ingredients Market By Form (Liquid, Powder, and Gel), By Application (Cosmetics, Nutraceuticals), By Attribute (Ayurvedic, Organic, and Synthetic), By Product (Anti-Oxidants, Niacinamide, Peptides, and Retinol): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028”
Increasing consumer awareness to Spur Growth
The global anti-aging ingredients market is growing at a rapid pace. Growing preference of the people towards self-care, rise in disposable income in developing countries, and high penetration of anti-aging products in the market due to effective advertising & strong distribution channel are the key factors that are boosting the growth of the global anti-aging ingredients market. Additionally, there is a rise in the older population which is attracted towards these products. Retinoids, coenzyme Q10, antioxidants, vitamin C, sunscreen, and peptides are some of the anti-aging ingredients that are been used in conventional moisturizing creams. To enhance the texture, improve loss of firmness, revive radiance, and minimize other signs of aging, skin requires an elaborate, balanced mixture of powerful ingredients.
Moreover, an increase in purchasing power and a rise in consumer spending are some of the factors that are spurring the growth of the market. Furthermore, heavy investments of key players in the marketing and launch of new products will drive the growth of the global anti-aging ingredients market over the forecast period. However, some of the side-effects such as rashes, redness, burning, or skin irritation related to the anti-aging ingredient products may limit the growth of the global anti-aging ingredients market.
Global- Anti-Aging ingredients - Market
With the presence of a large pool of participants, the global anti-aging market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). L’Oréal, Coty Inc., and Personal Microderm are some of the key vendors of anti-aging ingredients across the world. These players across anti-aging ingredients market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the anti-aging ingredients market study.
Presence of Big Players In The Region Support North American Dominance
Regionally, North America has been leading the worldwide anti-aging ingredients market and is anticipated to continue on the dominant position in the years to come, states the anti-aging ingredients market study. The presence of big players in the countries such as the US is one of the key factors behind the dominance of the North America anti-aging ingredients market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional anti-aging ingredients market.
Browse the full “Anti-Aging Ingredients Market By Form (Liquid, Powder, and Gel), By Application (Cosmetics, Nutraceuticals), By Attribute (Ayurvedic, Organic, and Synthetic), By Product (Anti-Oxidants, Niacinamide, Peptides, and Retinol): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/anti-aging-ingredients-market
The global anti-aging ingredients market is segmented as follows:
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