|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 66.7 Billion||USD 120.23 Billion||7.8%||2022|
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. 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).
The global anti-aging market is predicted to increase at a CAGR of 7.8% during the forecast period.
The global anti-aging market was worth around USD 66.7 billion in 2022 and is expected to reach USD 120.14 billion by 2030.
The global anti-aging market is being driven by several factors, including the increasing aging population, desire for a youthful appearance, advancements in technology and product innovation, increasing disposable income and healthcare expenditure, and rising awareness and acceptance of anti-aging products and services.
North America held a notable share in the global anti-aging market in 2022 and is likely to grow the fastest during the forecast period. The growth of the anti-aging market in North America is being driven by factors such as high disposable income, growing aging population, and increasing awareness and acceptance of anti-aging products and services. The market is expected to continue its growth trajectory in the region, driven by advancements in technology, product innovation, and rising demand for non-invasive procedures.
Some of the major companies operating in the anti-aging market include L'Oreal SA, Procter & Gamble Co., Unilever PLC, Estée Lauder Companies Inc., Johnson & Johnson, Allergan plc, Beiersdorf AG, Shiseido Co. Ltd., Olay (P&G), Avon Products Inc., Clarins SA, Coty Inc., Kao Corporation, Natura & Co., Lumenis Ltd., Alma Lasers Ltd., Syneron Medical Ltd., Photomedex Inc., Cynosure Inc., and Solta Medical Inc. among others.