Report ID: UCMIG30L2071
Report ID:
UCMIG30L2071 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for anti-wrinkle products, which was valued at USD 10.96 billion in 2022, is expected to witness substantial growth in the coming years. With an estimated compound annual growth rate (CAGR) of 8.9% from 2023 to 2030, the market is likely to expand even further. Factors contributing to this growth include increasing consumer awareness about skincare, the desire for youthful appearance, and advancements in product formulations and technologies. Additionally, the rising aging population and growing disposable incomes in emerging economies are expected to fuel the demand for anti-wrinkle products globally. This projected growth signifies a promising future for the anti-wrinkle product industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30L2071