Anti-aging cosmetics Market Research Report Analysis By Size, Share, Trends, Key Vendors, Demand And Forecast 2028
September 15, 2021
Reports And Data
Anti-aging cosmetics Market Size – USD 18.19 Billion in 2020, Industry Growth - CAGR of 5.9% Market trendsNEW YORK CITY, NEW YORK, UNITED STATES, September 15, 2021 /EINPresswire.com/ -- According to the current analysis of Reports and Data, the anti-aging market was valued at USD 18.19 Billion in 2020 and is expected to reach USD 28.65 Billion by 2028, at a CAGR of 5.9%. The study covers the different aspects of anti-aging cosmetics market. Anti-aging beauty products are available in wide range for all skin types. In comparison to men, women use anti-aging products on a much larger scale worldwide. However, nowadays there has been a steady rise in the sales of men’s anti-aging products. Anti-aging companies are engaged primarily in the launch of new products in the market with minimal side effects. “Beauty from within” cosmetics are gaining popularity these days who manufacture products using natural ingredients. Also, in the recent years, Olay Regenerist micro sculpting is seen to be the leading anti-aging brand used in the US. Other than Olay, Neutrogena and Loreal are seen to be next preferred options in the US. People are also seen preferring organic products in countries such as India, Canada, Mexico because of the maximum benefits one gets from natural ingredients present in it. Particularly in India, people prefer using ayurvedic anti-aging products because of its qualities it possesses such as deep healing, youthful radiance, anti-aging properties, protection against chemicals and inflammatory substances.
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Increasing technological advancements, excessive need to always look youthful, unhealthy diet, stress, excessive alcohol consumption, nicotine are the key factors propelling the market growth in the industry. However associated side effects such as skin irritation, excessive sun burns due to presence of hydroxy acids, presence of limonene in some products which leads to skin irritation and carcinogen (agent that causes cancer) are the major hindrance for the market growth during the years 2019-2026. In addition to these problems, anti-aging cosmetics companies face few issues in some countries. For instance, FDA labels the anti-aging cosmetics as “drugs” who claim to affect the aging process through rejuvenation and restoring the skin tissues on their product labels.
Key participants include Olay, Loreal, Garnier, Unilever, Amara Organics, La Prairie, Kate Somerville, Vintner’s daughter, Clinique, Perri cone MD, Emma Hardie.
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For the purpose of this report, Reports and Data has segmented the Anti-aging market on the basis of application, treatment, product type and region:
Application type (Revenue, USD Million; 2020–2028)
• Skin Care
• Hair care
Product Type (Revenue, USD Million; 2020–2028)
• Anti-Wrinkle Products
• Anti-Stretch Mark Products
• Nourishment Products
• Anti-Pigmentation and Acne Products
• Hair Care Products
• Sun Care Products
• Herbal Products
Treatment Product Type (Revenue, USD Million; 2020–2028)
Regional Outlook (Revenue in USD Million; 2020–2028)
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
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Key finding from the report suggests
• Currently anti-aging cosmetics market is growing largely at a CAGR of 6% in North America followed by Europe and Asia Pacific regions. US holds 46.6 % of the total market share. Increasing awareness about the benefits from using anti-aging products across the globe is the key factor to accelerate the market growth during forecast period across all regions.
• Spending on anti-aging products is expected to reach around USD 300 billion by 2020.
• As of 2020, Loreal, Unilever, Procter & Gamble are the dominating players in the global Anti-aging cosmetics market. American regional market is the chief revenue generating source for this product segment, followed by European and Asia-Pacific regions.
• Forty% of US women have used anti-aging facial creams and oils, compared to 32% of UK women, 30.5% of the female population in France, 29% of women in Germany and 28% of women in Spain.
• Anti-wrinkle products are widely used across the globe accounting for 50.8% of the total market share.
• US, UK, France are the largest manufacturers of anti-aging cosmetics. In comparison to the western countries, there is a lower demand for anti-aging products. However, in the recent years there has been a substantial rise in production of anti- aging products especially in China and Japan.
• Associated side effects from using anti-aging beauty products and lack of awareness is likely to hinder the market growth during the forecast period.
Key Features of the Anti-aging cosmetics Analysis Market Report:
• The report offers a comprehensive analysis of the changing competitive dynamics.
• Provides a futuristic outlook on the key market drivers and restraining factors.
• A comprehensive 8-year forecast of the market and its expected growth rate and pattern.
• In-depth analysis of the key product segments and application spectrum
• Provides strategic recommendations to the established companies and new entrants to provide a competitive advantage over the other companies.
• Comprehensive analysis of the key regions of the industry and provides a SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market.
• Helps in formulating strategic business decisions and investments plans.
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