What is the global market size of Anti-Aging Market?

Global Anti-Aging Market size was valued at USD 60.42 billion in 2021 and is expected to reach USD 119.6 billion by 2028, growing at a CAGR of 7.9% during the forecast period (2022-2028).

Anti-Aging Market Size, Share, Growth Analysis, By Product(Facial Cream & Lotion, Eye Cream & Lotion), By Distribution channel(Hypermarket & Supermarket, Specialty Store), By Application(Anti-wrinkle treatment, anti-pigmentation, skin resurfacing, and other applications), By Region - Industry Forecast 2024-2031

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

Anti-Aging Market Insights

Anti-Aging Market was valued at USD 81.90 billion in 2022, and is poised to grow from USD 88.37 billion in 2023, to USD 162.36 Billion by 2031 at a CAGR of 7.90% during the forecast period (2024-2031).

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.

Anti-Aging Market Report Snapshots

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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. 'Unilever Group', 'GALDERMA LABORATORIES L.P.', 'Procter & Gamble (P&G) Company', 'Nu Skin Enterprises Inc.', 'Hologic Inc.', 'Pierre Fabre S.A.', 'Shiseido Company Limited', 'Candela Corporation', 'Home Skinovations Ltd.', 'Estee Lauder'

Women are the primary target market for anti-aging products. The reason for this is that women place a high value on their skin's beauty and health. As a result, numerous anti-aging products and methods have been introduced over the past ten years. In today's world, people are more concerned about their health and skin. The physical appearance is also given the utmost importance. Additionally, everyone values a person with a positive personality. As a result, there is a growing market demand for anti-aging products due to all of the aforementioned factors. In addition, the major market players are utilizing cutting-edge manufacturing methods for anti-aging products. As a result, the global anti-aging market is expected to expand during the forecast period as a result of the rising demand for anti-aging methods and products.

It is anticipated that the segment's growth will be boosted by the growing demand for anti-stretch mark products as a result of the rising prevalence of obesity, particularly among the elderly, and the increasing focus of major companies on the introduction of cutting-edge devices and products for the treatment of stretch marks. For instance, in January 2018, the pregnancy brand Hatch, which is based in New York, introduced a belly mask that helps reduce stretch marks and provides hydration. Hope Smith, a model from the United States, launched her own skincare line MUTHA in November 2019 with two products to treat stretch marks in pregnant women.

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.

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Anti-Aging Market Insights

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