USD 63.01 billion
Global Anti-aging Products Market Size, Share, Growth Analysis, By Product type(Facial Creams and Lotions, Under Eye Creams and Serums), By Distribution Channel(Supermarkets/ Hypermarkets, Specialty Stores), By End-user(Men and women) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2184 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
90 |
Figures:
72
Global Anti-aging Products Market Insights
Global Anti-aging Products Market size was valued at USD 63.01 billion in 2022 and is poised to grow from USD 67.29 billion in 2023 to USD 113.91 billion by 2031, growing at a CAGR of 6.80% in the forecast period (2024-2031).
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 - 2024-2031
Global Market Size
Largest Segment
Facial Creams and Lotions
Fastest Growth
Under Eye Creams and Serums
Growth Rate
6.80% CAGR
Global Anti-aging Products Market ($ Bn)
Country Share for North America Region (%)
Global Anti-aging product Market By Product type ($ Bn)
Global Anti-aging product Market By Product type (%)
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Global Anti-aging Products Market Segmental Analysis
The global anti-aging products market offers a wide range of personal care products broadly categorized into Facial Creams and Lotions, Under Eye Creams and serums, and Others (Facial Oils, Sheet Masks) through Supermarkets/ Hypermarkets, Specialty Stores, Convenience Stores, Online Retail and Other Distribution Channels. By end-user, the market is segmented into women, and men. Further, the study covers the regional level analysis of North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Anti-aging Products Market Analysis by Product Type
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.
Anti-aging Products Market Analysis by Distribution Channel
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.
Global Anti-aging Products Market By Product type, 2023 (%)
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Global Anti-aging Products Market Regional Insights
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.
Global Anti-aging products Market By Region, 2024-2031
- Largest
- Fastest
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Global Anti-aging Products Market Dynamics
Anti-aging Products Market Drivers
Rising Demand for Eye Cream and Lotion
- 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.
Anti-aging Products Market Restraints
Adverse Effects of Anti-Aging Products
- Anticipated challenges for the anti-aging products relate to concerns about potential adverse effects on the skin, including skin burns. This report on the anti-aging products market covers a range of topics, including recent developments, trade regulations, import-export trends, production analysis, optimization of the value chain, market share, the influence of local and domestic players, opportunities emerging in terms of revenue generation, shifts in market regulations, strategic analysis for market growth, market size, growth trends in specific categories, specialized application areas, product approvals, introductions of new products, expansion into new geographic markets, and technological advancements within the industry. For more comprehensive insights into the anti-aging products market, feel free to reach out to Data Bridge Market Research for an Analyst Brief. Our dedicated team is ready to assist you in making well-informed decisions to foster market expansion
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Global Anti-aging Products Market Competitive Landscape
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.
Anti-aging Products Market Top Player’s Company Profiles
- 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)
Anti-aging Products Market Recent Developments
-
In March 2024, Revision Skincare, a leading medical-grade professional skincare brand, announced the launch of its newest innovation in their Intellishade® collection, TruPhysical Clear. Designed to benefit all skin tones and types, including sensitive skin, this anti-aging moisturizer with Broad-Spectrum SPF 50 corrects, protects, brightens and hydrates skin without leaving a white cast or shine.
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In October 2023, Cetaphil, the dermatologist-approved brand, launched the new “Healthy Renew” collection, which is designed as an alternative to retinol. The line included a face serum, a night cream, an eye serum, and an SPF moisturizer, with all products available at Target for under $30.
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In May 2023, the SkinCeuticals launchd the “A.G.E. interrupter Advanced” which is a clinical-grade anti-aging face cream with glycation-fighting ingredients at the forefront. The cream firms sagging skin, improves skin tone, and softens the appearance of deep wrinkles, particularly those on the forehead, around the eyes, and around the mouth.
Global Anti-aging Products Key Market Trends
- 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.
Global Anti-aging Products Market SkyQuest Analysis
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 63.01 billion |
| Market size value in 2031 | USD 113.91 billion |
| Growth Rate | 6.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Anti-aging Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Anti-aging Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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 Global 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 Global 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.
Global Anti-aging Products Market Report Snapshots
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