Anti-Aging Market Size, Share, Growth Report 2030

Anti-Aging Market

Anti-Aging Market By Age Geographic (Baby Boomer, Generation X, and Generation Y), Product (Botox, Anti-Wrinkle Products, Anti-Stretch Mark Products, Others), By Services (Anti-Pigmentation Therapy, Anti-Adult Acne Therapy, and Breast Augmentation), By Device (Microdermabrasion, Laser Aesthetics, Anti-Cellulite Treatment And Anti-Aging Radio Frequency Devices): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 29-May-2021 Category: Medical Device Report Format : PDF Pages: 125 Report Code: ZMR-33 Status : Published

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

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.

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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:

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
Base Year 2020
Historical Year 2016 - 2020
Forecast Year 2021-2028
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.

 

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.

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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.

Anti-Aging Market by RegionRequest 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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

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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