Report ID: SQMIG30L2184
Report ID:
SQMIG30L2184 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
90 |
Figures:
72
Global Anti-aging Products Market size was valued at USD 63.01 billion in 2022 and is poised to grow from USD 67.29 billion in 2023 to USD 113.91 billion by 2031, growing at a CAGR of 6.80% in the forecast period (2024-2031).
The growth of the global anti-aging products market is being propelled by an increasing desire for versatile cosmetic items like anti-aging creams among women. Furthermore, elevated consumer purchasing power for personal care goods and evolving lifestyles are driving the demand for preventive anti-aging remedies. Additionally, advancements in beauty industry technology, in combination with innovative product formulations featuring diverse flavours and essences, have led major companies to frequently introduce new products, thereby contributing to the expansion of the global market.
From a geographical perspective, North America holds the largest market share, closely followed by Europe. The Asia Pacific and South American regions are displaying the most rapid growth within the global anti-aging products market.
Nonetheless, certain factors are impeding the global market's progress, such as the adverse effects associated with chemical-based anti-wrinkle creams and the cost of raw materials essential for manufacturing anti-aging products.
US Anti-aging Products Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30L2184