USD 47.0 billion
Report ID:
SQMIG35I2089 |
Region:
Global |
Published Date: December, 2024
Pages:
242
|Tables:
89
|Figures:
66
Anti-Aging 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 7.90% during the forecast period (2025-2032).
Today, a person's success in a variety of areas of life is largely determined by their physical personality. Because more and more people are paying attention to how men and women of all ages look, there is a growing demand for anti-aging products and devices. Demand in the market is expected to rise throughout the forecast period as consumers become more aware of age-related skin issues like dull skin, fine lines, and wrinkles, and are more likely to spend money on products that help them look their best.
Extrinsic factors like air pollution, alcohol consumption, and UV rays are known to harm skin cells and contribute to premature aging, despite the fact that aging is a physiological process. By preserving a youthful glow and providing moisturization, anti-aging creams and lotions are essential to a person's life. In 2020, a Real Self survey found that 62% of Americans included anti-aging skincare products in their daily routine.
US Anti-Aging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 47.0 billion
Largest Segment
Facial Cream & Lotion
Fastest Growth
Facial Cream & Lotion
Growth Rate
6.0% CAGR
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Global Anti-Aging Market is segmented by product type, treatment type, demography, end-user and region. Based on product type, the market is segmented into products and devices. Based on treatment type, the market is segmented into anti-wrinkle treatment, anti-pigmentation treatment, skin resurfacing and other. Based on demography, the market is segmented into male and female. Based on end-user, the market is segmented into hospitals, clinics and home care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Anti-Aging Market Analysis by Product Type
Based on the product type, The facial cream and lotion segment held the largest share of over 50.0% in 2021 and is expected to maintain its lead over the forecast period. These are products made specifically to help the skin on the face keep its moisture, firmness, and elasticity, thereby preventing lines and wrinkles. Historically, people have been very concerned about how they look, so they are willing to spend a lot of money on such products. This is one of the main factors driving the market.
The eye cream and lotion segment is expected to register the fastest CAGR of 6.6% from 2022 to 2028. The sensitive area under the eyes can be treated with these creams. The skin around the eyes is prone to losing its elasticity and is extremely sensitive. As a result, the market is likely to be driven by products like eye creams and lotions that significantly aid in the fight against wrinkles and lines under the eyes, which are early signs of aging. Eye creams from a number of well-known brands contain a high concentration of active pharmaceutical ingredients like ceramides, niacinamide, and alpha-hydroxy acids to treat puffiness under the eyes, reduce dark circles, and smooth out age lines and wrinkles. Estee Lauder, a leading cosmetics and skincare brand, offers a wide range of eye care products, including night repair, concentrated recovery eye masks, and eye balms containing important pharmaceutical ingredients.
Anti-Aging Market Analysis by Distribution Channel
Based on the distribution channel, The hypermarket and supermarket segment accounted for the largest share of over 45.0% in 2021. Due to the fact that supermarkets and hypermarkets enjoy high customer preferences, the segment is expected to maintain its lead throughout the forecast period. This is because consumers are more likely to buy skincare products from these stores. The acquisition of a significant number of grocery stores by supermarkets in North America and Latin America has increased their influence over suppliers. Supermarkets are an appropriate platform for all kinds of customers because they provide significant advantages to customers, such as freedom of choice, lower prices, and high visibility of international brands.
From 2022 to 2028, the segment of specialty stores is anticipated to experience the highest CAGR, at 6.3%. Customers, particularly those looking for a specific brand or product, are increasingly turning to these stores for their skincare needs. Because there is no need to wait in long check-out lines, customers also consider these stores to be a respectable alternative to purchasing cosmetics from crowded retail establishments.
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Asia Pacific captured the largest share of the global anti-aging market in 2021. Due to rising concerns about acne, sunburns, melanoma, and the harmful effects of UV rays and pollutants, consumers in China and India's emerging markets are likely to increase their use of cosmetics and skincare products. Demand is expected to rise because consumers in the region are increasingly concerned about early signs of aging. In 2017, a report by Cosmetics Design Asia found that 30% of urban Chinese consumers between the ages of 20 and 49 thought their skin condition showed early signs of wrinkles or lines.As a result, nearly 39% of Chinese women in this age group stated that anti-aging skincare products are an essential part of their routine.
From 2022 to 2028, Central and South America are anticipated to experience a significant CAGR of 5.4%. Women's employment rates have skyrocketed in Central and South America, Nearly 53% of the region's workforce is women. Women are now able to spend more on high-end skincare and cosmetics, including anti-aging products, thanks to their expanding financial options, thus bolstering the demand in this region.
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Anti-Aging Market Drivers
Increased Social Media Influence to Bolster Demand for Anti-Aging Products
Anti-Aging Market Restraints
Stringent Regulations to Hinder Market Growth
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The major players in the market are concentrating on research and development by including organic and natural anti-aging products in their product lines to meet the shifting demands of customers.In addition, the major players in the market are working together and forming strategic alliances to expand their distribution networks both online and offline.In addition, the market participants are employing novel strategies to educate customers and increase consumer awareness of anti-aging products.
Anti-Aging Market Top Players Company Profiles
Anti-Aging Market Recent Developments
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global anti-aging market analysis, Customer needs, which are continuously changing, have formed the market. Since the majority of market consumers are now adept at using social media, there has been an increase in public awareness of anti-aging products. Therefore, offering cutting-edge and efficient goods and services has become crucial for market participants.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 47.0 billion |
Market size value in 2031 | USD 79.41 billion |
Growth Rate | 6.0% |
Base year | 2023 |
Forecast period | 2024-2031 |
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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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
For the Anti-Aging 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 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.
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 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-Aging 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.
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Report ID: SQMIG35I2089
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