Report ID: SQMIG35I2089
Report ID:
SQMIG35I2089 |
Region:
Global |
Published Date: December, 2024
Pages:
242
|
Tables:
89 |
Figures:
66
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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Report ID: SQMIG35I2089