USD 88.37 billion
Report ID:
SQMIG30L2184 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
90
|Figures:
72
Global Anti-aging Products Market size was valued at USD 88.37 billion in 2023 and is poised to grow from USD 95.35 billion in 2024 to USD 175.19 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
The growth of the global anti-aging products market is being propelled by an increasing desire for versatile cosmetic items like anti-aging creams among women. Furthermore, elevated consumer purchasing power for personal care goods and evolving lifestyles are driving the demand for preventive anti-aging remedies. Additionally, advancements in beauty industry technology, in combination with innovative product formulations featuring diverse flavours and essences, have led major companies to frequently introduce new products, thereby contributing to the expansion of the global market.
From a geographical perspective, North America holds the largest market share, closely followed by Europe. The Asia Pacific and South American regions are displaying the most rapid growth within the global anti-aging products market.
Nonetheless, certain factors are impeding the global market's progress, such as the adverse effects associated with chemical-based anti-wrinkle creams and the cost of raw materials essential for manufacturing anti-aging products.
US Anti-aging Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 88.37 billion
Largest Segment
Facial Creams and Lotions
Fastest Growth
Under Eye Creams and Serums
Growth Rate
7.9% CAGR
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Global Anti-aging Products Market is segmented by Product, Target Group, Ingredient, Treatment, Distribution Channel and region. Based on Product, the market is segmented into Facial Creams and Lotions, Serums and Concentrates, Under Eye Creams and Others. Based on Target Group, the market is segmented into Male and Female. Based on Ingredient, the market is segmented into Retinoid, Hyaluronic Acids, Alpha Hydroxy Acids, and Others. Based on Treatment, the market is segmented into Body Care and Facial Care. Based on Distribution Channel, the market is segmented into Pharmacies, Stores and Online Stores. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
In terms of product categories, the facial cream and lotion segment has emerged as the most significant sector in the global anti-aging product market due to its widespread consumer appeal and targeted efficacy. These products offer a direct and accessible solution to address visible signs of aging, such as wrinkles, fine lines, and uneven skin tone. Their user-friendly application, along with advancements in formulation and ingredient science, has resonated with a diverse consumer base seeking non-invasive and daily-use solutions. Moreover, the segment benefits from extensive marketing and branding efforts by major cosmetic companies, further boosting its market presence.
The under eye creams and serums are proven to be the fastest growing sector of all. These specialized products cater to the rising demand for targeted solutions to address specific aging concerns around the delicate eye area, such as wrinkles, puffiness, and dark circles. Consumers are increasingly seeking potent formulations with ingredients like peptides, antioxidants, and hyaluronic acid, which offer effective and visible results. Moreover, the growing awareness of comprehensive skincare routines and the emphasis on youthful appearances have driven the popularity of these products.
Supermarkets and hypermarkets proved to be the dominating area of all. Consumers are drawn to purchasing from supermarkets due to the wider array of choices available and the opportunity to physically assess products before making a purchase decision. Additionally, these establishments provide incentives such as bulk purchase discounts, special deals, and annual memberships, which are contributing to the growth of this segment. The impact of effective advertising campaigns by prominent brands and the revamped layout of hypermarkets in boosting overall sales should not be underestimated. The expansion of the organized retail sector has further heightened the demand for cosmetic products through these channels.
Moreover, the online distribution channel is projected to be the fastest-growing segment in the global anti-aging products market. The convenience of online shopping, coupled with a wider product assortment and ease of price comparison, appeals to a tech-savvy consumer base seeking personalized skincare solutions. Moreover, the digital realm facilitates direct engagement between brands and consumers, enabling targeted marketing efforts and real-time feedback incorporation. The online channel also bridges geographical barriers, providing access to products from anywhere in the world.
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North America led the global anti-aging products market in 2022. The region boasts a significant aging population, prompting a robust demand for products that address age-related concerns. High consumer awareness and a culture of wellness contribute to a receptive market for anti-aging solutions. Additionally, North America leads in research and development, driving innovation and the introduction of cutting-edge products. The presence of established skincare and cosmetic industries, along with strong distribution networks and high disposable incomes, further solidifies the region's dominance.
Simultaneously, Asia Pacific has emerged as a significantly fastest growing market for anti-aging products. Elevated per capita income, improved living conditions, and the convenient accessibility of innovative products through both online and offline distribution channels have propelled product sales within the region. Further impetus for regional expansion is provided by technological advancements, the escalating impact of social media, and a heightened awareness of personal appearance. The increasing popularity of non-invasive cosmetic procedures has additionally contributed to the upswing in product demand within the region.
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Rising Demand for Eye Cream and Lotion
Adverse Effects of Anti-Aging Products
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The competitive environment of the anti-aging products market offers insights about various competitors. These insights encompass a range of aspects, such as an overview of the companies, their financial performance, revenue streams, market prospects, research and development investments, exploration of new markets, international footprint, manufacturing locations and capabilities, corporate strengths and areas for improvement, product introductions, diversity of product offerings, and their dominance in different applications. It's important to note that the mentioned information solely pertains to the companies' involvement in the anti-aging products market.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Based on our global anti-aging market analysis, it is evident that the dynamics of customer preferences, in a state of constant flux, have played a pivotal role in shaping the contours of this market landscape. In light of the contemporary scenario, marked by the proficient utilization of various social media platforms by a substantial portion of the consumer base, there has been an observable surge in the dissemination of knowledge regarding anti-aging products. Consequently, the imperative of furnishing avant-garde, highly efficacious goods, and services has escalated to a paramount position within the strategic considerations of entities operating within this market sphere.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 88.37 billion |
Market size value in 2032 | USD 175.19 billion |
Growth Rate | 7.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Anti-aging Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anti-aging Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anti-aging Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-aging Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Anti-aging Products Market size was valued at USD 67.29 Billion in 2023 and is poised to grow from USD 71.87 Billion in 2024 to USD 121.66 Billion by 2032, growing at a CAGR of 6.80% during the forecast period (2025-2032).
The competitive environment of the anti-aging products market offers insights about various competitors. These insights encompass a range of aspects, such as an overview of the companies, their financial performance, revenue streams, market prospects, research and development investments, exploration of new markets, international footprint, manufacturing locations and capabilities, corporate strengths and areas for improvement, product introductions, diversity of product offerings, and their dominance in different applications. It's important to note that the mentioned information solely pertains to the companies' involvement in the anti-aging products market. 'Shiseido Company (Japan)', 'Johnson & Johnson Private Limited (India)', 'Unilever (UK)', 'Amway (US)', 'Procter & Gamble (US)', 'L’Oréal S.A. (France)', 'Revlon Group (US)', 'Beiersdorf AG (Germany)', 'Natura & CO (South America)', 'Conair Corporation (US)', 'Yves Rocher (France)', 'Kao Corporation (Japan)', 'Estée Lauder Companies Inc. (U.S)', 'AVON PRODUCTS (UK)', 'OLAPLEX (US)', 'NEOSTRATA COMPANY, INC. (US)'
The category of eye cream and lotion is projected to exhibit the most substantial growth rate in the anticipated time frame. These formulations are designed to cater to sensitive areas, particularly the skin beneath the eyes. The skin surrounding the eye region is notably fragile and can experience diminished elasticity over time. As a result, items like eye creams and lotions play a crucial role in combating premature indications of aging, including fine lines and wrinkles beneath the eyes. This trend is anticipated to contribute to the expansion of the market for anti-aging products.
Increasing Trends and Introduction of Organic Anti-aging Products: The increasing consumer preference for natural items, including plant-based substitutes, has contributed to the expansion of the market for anti-aging products. Presently, consumers favor organic and natural options, prompting anti-aging product manufacturers to concentrate extensively on promoting, creating, and designating such items. Various brands are now offering anti-aging products that are crafted using ingredients free from chemicals. As an illustration, Alpyn Beauty, a skincare product manufacturer, presents a Plant Genuismelt moisturizer containing bakuchiol, which is devoid of chemicals. This product helps protect the skin from radical damage, wrinkles, and enhances skin radiance.
North America led the global anti-aging products market in 2022. The region boasts a significant aging population, prompting a robust demand for products that address age-related concerns. High consumer awareness and a culture of wellness contribute to a receptive market for anti-aging solutions. Additionally, North America leads in research and development, driving innovation and the introduction of cutting-edge products. The presence of established skincare and cosmetic industries, along with strong distribution networks and high disposable incomes, further solidifies the region's dominance.
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