Anti-Aging Market Size, Share, Growth Report 2030

Global Anti-Aging Market: Overview   

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.

Request Free Sample

COVID-19 Impact Analysis:

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.  

Global Anti-Aging Market: Growth Factors

“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.

Global Anti-Aging Market Opportunities

In the coming years, the global anti-aging market presents numerous growth and expansion opportunities. Here are some of the most important opportunities:

• Growing aging population: As the global population continues to age, it is anticipated that the demand for anti-aging products and procedures will increase substantially. This presents a substantial opportunity for businesses that specialize in this field.
• Increasing awareness about anti-aging: With the advent of social media and other online platforms, consumers' awareness of anti-aging products and procedures has increased. This affords businesses the chance to market their products and services more effectively and to a larger audience.
• Technological advancements: Significant technological advancements are occurring in the anti-aging market, including the development of new products and procedures that are more effective and less invasive than traditional methods. This presents an opportunity for innovative and forward-thinking businesses.
• Rising disposable income: As the global economy continues to expand, it is anticipated that disposable income will rise in many regions. This presents an opportunity for businesses that provide premium anti-aging products and services.
• Personalized products and services: Numerous consumers seek anti-aging products and services that are tailored to their individual needs and concerns. This presents an opportunity for businesses that can provide products and services that are tailored to individual requirements.

Global Anti-Aging Market: Restraints

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:

• High cost: Anti-aging products and procedures can be prohibitively expensive, limiting their availability to certain demographics. This is particularly true for costly advanced procedures such as surgical facelifts and laser treatments.
• Safety concerns: There are risks associated with anti-aging products and procedures, despite the fact that many are generally safe when administered by trained professionals. This can result in consumer safety concerns, which can hinder the adoption of certain products or procedures.
• Ethical concerns: Some consumers and experts have raised ethical concerns regarding the use of specific anti-aging products and procedures, particularly those involving animal testing or stem cell extraction.
• Regulatory hurdles: The market for anti-aging products is governed by a variety of regulations and standards, which can vary considerably between nations. This can make it challenging for businesses to launch new products or expand into new regions.
• Limited scientific evidence: Despite the widespread use of numerous anti-aging products and procedures, there is limited scientific evidence to support their efficacy. This can make it difficult for consumers to differentiate between products that are effective and those that are simply well-marketed.

Report Scope:

Global Anti-Aging Market: Segment Analysis Preview

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.

Request Free Sample

Global Anti-Aging Market: Key Players & Competitive Landscape

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.

Request Free Sample

The global Anti-Aging market is segmented as follows:   

By Age Geographic

• Baby Boomer
• Generation X
• Generation Y

By Product

• Botox
• Anti-Wrinkle Products
•  Anti-Stretch Mark Products
• Others

By Services

• Anti-Pigmentation Therapy
• Anti-Adult Acne Therapy
•  Breast Augmentation
• Liposuction
• Chemical Peel
• Hair Restoration Treatment
• Others

By Devices

• Microdermabrasion
• Laser Aesthetics,
•  Anti-Cellulite Treatment
• Anti-Aging Radio Frequency Devices

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa