The global anti aging products market size was valued at USD 111.6 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 4.3% from 2021 to 2028
The global Anti-Aging market size accounted for USD 111.6 Billion in 2020 and is expected to reach USD 162.9 Billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028.
Skin aging is a complex biological process influenced by a combination of endogenous/intrinsic and exogenous/extrinsic factors. It is caused by factors such as age, exposure to ultraviolet rays (UV), pollution, lifestyle-related factors (smoking, restricted sleep, diet & nutrition, harsh soaps, stress & depression), and repeated facial expressions, among others. The primary noticeable signs of skin aging are fine lines and wrinkles. Anti-aging cosmetics can be divided into three groups depending on their functions, namely moisturizing, antioxidant and biological activity. Treatments for anti-aging comprise numerous approaches, including cosmetological care (daily skin care, sun protection, aesthetic noninvasive procedures), topical agents (antioxidants, cell regulators) and invasive procedures (chemical peelings, visible light devices, intense pulsed light, radiofrequency, injectable skin biostimulation and rejuvenation).
Key players in the industry are focusing on product launches and innovation in packaging design amidst regulatory changes on the use of products. These industry giants have been adopting myriad strategies for the growth of their businesses, such as high R&D investments, M&A, product innovations, and geographical expansions. More likely than not, they will be continuing to implement these strategies in the future, notes the research report.
The global Anti-Aging market has witnessed a decrease in the sales of products due to the lockdown enforcement placed by governments in order to contain COVID spreading. People had no option but to remain indoors, so the consumption of products decreased drastically. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for Anti-Aging size. The market would remain bullish in the upcoming year.
“Rising old population and elevated consumer demand for anti-aging products are projected to boost the growth of the Anti-Aging Market Size over the forecast timeframe,” says a research analyst at ZMR. Stringent legislation has resulted in the launching of safe & effective anti-aging goods & services and is likely to boost market trends. However, low confidence among customers regarding the effectiveness of anti-aging products & services is projected to hinder anti-aging market size development over the coming years, states the research report.
In the coming years, the global anti-aging market presents numerous growth and expansion opportunities. Here are some of the most important opportunities:
The global anti-aging market is anticipated to experience significant growth in the coming years due to a number of factors, including an ageing population, rising awareness of anti-aging products and procedures, and technological advancements. However, there are also a number of factors that may impede the expansion of the anti-aging market. Here are some of the primary limitations:
|Report Attributes||Report Details|
|Report Name||Global Anti-Aging Market Research Survey Report|
|Market Size in 2020||USD 111.6 Billion|
|Market Forecast by 2028||USD 162.9 Billion|
|Compound Annual Growth Rate||CAGR of 4.3 %|
|Number of Pages||125|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Beiersdorf AG, Personal Microderm, L’Oreal, Solta Medical Inc, Allergan Inc, and Solta Medical Inc|
|Segments Covered||By Age Geographic, By Product, By Services, By Devices, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 - 2020|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
On the basis of age group, the market has been segmented into the Baby Boomer, Generation X, and Generation Y. Currently, Generation X leads the global anti-aging market, holding more than half of the total global market.
Based on devices, the market has been divided into Microdermabrasion, Laser Aesthetics, Anti-Cellulite Treatment, and Anti-Aging Radio Frequency Devices. Amongst these, microdermabrasion devices are the leading segment, accounting for the majority of the market share.
Based on products, the Anti-wrinkle segment generated the highest revenue in the market. This is attributed to the increasing awareness about the Botox treatment for enhanced skin appearance, among consumers.
Some of the key players in the Anti-Aging market are Beiersdorf AG, Personal Microderm, L’Oreal, Solta Medical Inc, Allergan Inc., and Solta Medical Inc.
By Age Geographic
The global Anti-Aging market was valued at USD 167.1 Billion in 2020.
The global Anti-Aging market is expected to reach USD 295.9 Billion by 2028, growing at a CAGR of 7.4% between 2021 to 2028.
Some of the key factors driving the global Anti-Aging market growth are rising old population and elevated consumer demand for anti-aging products.
North America, which dominated the anti-aging market in 2020, is projected to augment the market growth over the coming years, subject to mounting awareness about aging signs & rise in obesity across the region. Furthermore, new product development is anticipated to spur anti-aging market growth over the years to come.
Some of the major companies operating in Anti-Aging market are Personal Microderm, Alma Lasers Ltd, L’Oreal, Allergan Inc, Cynosure Inc., Solta Medical Inc, Beiersdorf AG and among others.
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