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.

Global Anti-aging Products Market Report Snapshots

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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. '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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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

Global Anti-aging Products Market Insights

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