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August 30, 2022 (In-depth Insights via Comtex) - Anti-Aging Market Research Report focuses on competitive scenarios and key strategies, as well as industry size, share, revenue growth, and geographic features. It also provides detailed information about industry segments and sub-segments, a SWOT analysis of key players in the market.
According to a recent report published by consultancy Nova one, the global anti-aging products market revenue was estimated to be around $165.9 billion in 2021, and the market is expected to grow to $290.2 billion by the end of 2030. at a modest CAGR of 6.4. % in the forecast period from 2022 to 2030.
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The latest report provides important information along with application-based information and forecasts of the global anti-aging market. This report provides a comprehensive analysis of the key factors that will drive the growth of this market. This study provides a detailed overview of the opportunities as well as the current trends observed in the antiaging market.
Since the incidence of obesity is increasing worldwide, the need for a thorough analysis of this health problem led to the development of this report. Overeating and increased consumption of junk food, support for regular exercise, increased stress levels are the major drivers of the market. The report examines this issue further, focusing on the growing need for anti-aging.
Quantitative industry analysis has been conducted for 10 years to help players develop in the market. The report also provides detailed information on specific revenue generated as well as projected revenue at the end of the forecast period. Health is a sensitive topic, including a special analysis on the prevalence of obesity worldwide, which is leading to increased demand for surgical equipment.
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Growth factors:
Aging is defined as a cycle of biochemical activity in the body caused by factors that affect the organism both internally and externally and cause degeneration of the body, which affects the beauty, health and physical ability of a person. The anti-aging market has been evolving for centuries and modern technology has helped expand its reach in products, services and devices. Antiaging products are widely available in the market, more affordable and available than services and devices.
North America is the largest market for anti-aging products in 2020. The regional market is expected to be driven by availability of established infrastructure, presence of key market players, and increasing average life expectancy and 'middle age'. During the COVID-19 pandemic, the antiaging market has tended to grow at a slower rate compared to non-COVID-19 periods. According to a research article published in the Journal of the American Academy of Dermatology, the search volume index for cosmetic procedures fell from 71.8 to 45.1 during the COVID-19 pandemic.
The region's leading enterprises strive to strengthen their market positions through research and development and the introduction of new products. In February 2019, Lutronic Aesthetic received US FDA approval for the Lutronic Genius platform, which is used in precise coagulation and promotes the regeneration of collagen and elastin, thereby improving scars, skin texture, wrinkles and body laxity. These factors should drive the North American market
Anti-aging market relationships
Detailed Coverage Report Market Size $290.2 Billion in 2030 Growth Rate of 6.4% from 2022 to 2030 Largest Market in North America Fastest Growing Market in Asia Pacific Forecast Period 2021 Period 2022 to 2030, coverage segment groups, coverage products and distribution segments region, refers to Procter & Gamble Co., Johnson & Johnson, Unilever plc, Shiseido Company, Limited, ZO Skin Health, Inc., L'Oreal Paris, The Estee Lauder Companies, Inc., Beiersdorf and PHYTOMER.Raise awareness of the signs of aging as younger generations lead the global market
Increasing awareness among the younger generation about anti-aging products is driving the growth of the global anti-aging products market. People tend to face serious skin complications due to environmental pollution, unhealthy diet, alcohol consumption etc. The increasing efforts of people to look young and healthy is driving the demand for various anti-aging products including creams, lotions, gels, etc. Many people opt for various skin care treatments, cosmetic treatments to improve skin, appearance, reduce pigmentation and UV damage, etc. The population is aging and the presence of market participants is increasing. those operating in the global anti-aging market and offering innovative skin care solutions are contributing greatly to the growth of the market.
In addition, increasing geriatric population in developing countries is also responsible for increasing sales of anti-aging products worldwide. Therefore, there is a constant demand for anti-wrinkle products among the elderly in various regions. Consumer preference to use anti-wrinkle creams and lotions to look young and beautiful is driving the global anti-aging products market. Asia Pacific countries such as Japan are expected to account for the largest share of the market due to their large geriatric population.
Product manufacturers in Asia Pacific are focusing on innovative products to take advantage of the growth opportunities in the anti-aging market during the forecast period. To hide the signs of aging, women are increasingly using anti-aging products. This factor is one of the major drivers of the North American anti-aging market.
Increasing the awareness of the younger generation about the signs of aging
The anti-aging market is not only an aging population, but also a younger population that is ready to delay the aging process (especially their appearance) and start taking care of their skin, hair and skin at an older age. big. 35 years old. and body The majority of the young population is experiencing major environmental changes and a sedentary lifestyle, which has increased health problems and made them more conscious of their looks, appearance and health.
The cream segment will dominate the market
In terms of products, the global anti-aging market is segmented into serums, gels, creams, and others. The creams segment dominated the global anti-aging market in 2020 and this trend is expected to continue during the forecast period. Creams are the most versatile and widely used skin care product. This segment is driven by increasing affordability, ease of use, customer preferences and the number of beauty salons.
Women are a big segment
By target group, the global anti-aging market is segmented into men and women. This segment is likely to be driven by the increasing number of women suffering from premature wrinkles due to lifestyle, stress and poor dietary habits affecting the skin and the availability of various anti-wrinkle products for women.
Key Hyaluronic Acid Market Segment
In terms of ingredients, the global anti-aging market is segmented into retinoids, hyaluronic acid, alpha-hydroxy acids, and others. Wrinkle creams containing hyaluronic acid are often touted as an effective wrinkle treatment and even compared to some medical treatments. Hyaluronic acid (HA) has important moisturizing properties and a high water-holding capacity, especially for human skin.
Dominate the facial care segment market
On the care side, the global anti-aging products market is segmented into body and face care. There is a growing demand for products that help maintain and achieve clearer skin and prevent wrinkles. That's why manufacturers come up with a variety of products that cover a variety of topics, from anti-aging to spot-fighting and skin brightening.
The main segment of the online shopping market
On the basis of distribution channels, the global anti-aging market is segmented into pharmacies, stores, and online stores. The online shopping segment is expected to grow at the fastest CAGR due to the increasing availability of cosmetics online and high consumer preference for online shopping due to discounts and offers.
North America will dominate the global market
In terms of region, the global anti-aging market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the global anti-aging market in 2020, followed by Asia Pacific. Increasing concern for personal care, changing lifestyles, and adverse impact of pollution on the skin are the factors that are accelerating the growth of the North American market.
The Asia Pacific market is expected to grow rapidly due to increasing awareness of anti-wrinkle products among adults and increasing per capita spending. In addition, anti-aging creams are growing in popularity in India, Japan, South Korea and other developing countries in the Asia-Pacific region. Acquisition by market players in the cosmetics industry is expected to drive market growth in the region.
In August 2020, Merck KGaA entered into a strategic partnership with Chinese cosmetics company Pechoin Group to develop herbal technology and plans to launch a new product line: Pechoin Zhenyan Wrinkle Repair Series. In July 2020, Lancer Skincare launched the Pro Polish Microdermabrasion package.
Some of the key players in the anti aging market are:
Segments included in the report
This research report presents the market revenue, sales volume, production estimate and forecast, ranking them in various aspects. In addition, this study examines the market size, production, consumption and development trends at the global, regional and country level from 2017 to 2030 and covers the following regions:
Anti-Aging Market by Product
The Anti-Aging Market by Target Group
The market of anti-aging ingredients
Anti-Aging Market by Distribution Channels
The anti-aging market with treatments
Regional segmentation
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Summary:
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COMTEX_413373978 / 2746 / 2022-08-30T04: 14: 53
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