Global Anti-aging Market By Product (Serums, Creams, Gels and Others), By Target group (Male and Female), By Ingredient (Retinoids, Hyaluronic Acids, Alpha Hydroxy Acids and Others), By Treatments (Body Care Treatment and Facial Care Treatment), By Distribution channel (Pharmacies, Stores and Online Stores) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global Anti-aging Market Overview

The process of limiting or delaying these changes through various products and services is referred to as anti-aging. Nowadays, a good physical personality is required and determines an individual's success in various areas of life. The growing awareness of one's physical appearance among both young and old consumers has fueled the demand for anti-aging products and devices. The rise in consumer demand for anti-aging solutions, along with an increase in lifestyle standards and income among the world's population, is the primary factor driving market growth. Technological advancements and increased investment in R&D activities by major players for the innovation of highly safe and efficient skin care solutions are expected to propel the anti-aging market globally.

As a result of rising anti-aging awareness and adoption, there is a potential market for anti-aging devices and aesthetic plastic surgery procedures over the forecast period. However, stringent regulatory policies for the devices, as well as social stigma in some populations, are expected to stymie market growth during the forecast period. The segment's growth is likely to be fueled by rising demand for anti-stretch mark products as a result of the rising incidence of obesity, particularly among the elderly, and major businesses' increased focus on the launch of innovative equipment and products for the treatment of stretch marks. Anti-wrinkle products are also expected to grow at a rapid pace, owing to increased consumer awareness of product availability and an aging population. As a result of the foregoing factors, the market is expected to expand significantly over the forecast period.

Market Size

According to Business Intelligence Insights “Global Anti-aging Market is expected to grow from USD 58.1 billion in 2021 to USD 86.2 billion by 2030, at a CAGR of 6.80%  during the forecast period 2022-2030

Covid -19 Impact Analysis

COVID-19 is a contagious disease. The World Health Organisation declared COVID-19 to be the emergence of healthcare. Except for the pharmaceutical industries, all countries imposed a lockdown and shut down all manufacturing activities. The pandemic had an early impact on the COVID-19 Anti-Aging Market due to the nationwide lockdown and ban on travel and flights. The Anti-Aging market has a supply chain that spans multiple countries, but due to country-specific restrictions, the supply chain has come to a halt, negatively impacting market growth. However, no R&D activities have been carried out during the first months of 2020. However, with global unlock guidelines, market shares are expected to have inclined growth opportunities.

Market Dynamics

• Drivers
  • The global anti-aging industry is being driven primarily by the growing geriatric population and rising beauty awareness around the world
  • Increasing Awareness through Seminars and Conferences Driving Product Demand

• Restraints
  • Stringent government rules and regulations in approving new products, as well as fluctuations in raw material availability, are directly increasing the final product prices, which are critical for anti-aging market players.

Segmentation Insights

Cream category dominated the market with more than 50% of the market share

On the basis of Product, the market is segmented into Serums, Creams, Gels and Others. The cream and lotion segment accounted for more than 50% of the market and is expected to maintain its lead throughout the forecast period. These are specially formulated products that aid in the retention of moisture, firmness, and elasticity in the facial skin, thereby preventing wrinkles and lines. People have historically been concerned about their facial appearance and are willing to spend a lot of money on such products, which is a major factor driving the segment.  Furthermore, as consumer concerns about animal welfare and the environment grow, more people are opting for cruelty-free products, which has increased the demand for vegan or plant-based ingredient blends in skincare products. Demand is expected to be driven by new product launches and innovations.

Online category dominated the market with more than 40% of the market share

On the basis of Distribution channel, the global anti-aging market has been segmented into pharmacies, stores, and online stores based on distribution channel. Due to the increased availability of cosmetics online and the high consumer preference for online shopping due to discounts and offers, the online stores segment is expected to grow at the fastest CAGR. Purchasing skincare items from these online stores is gaining popularity among consumers, particularly those looking for a specific brand or product. Customers also regard these online stores as a viable alternative to purchasing cosmetics in crowded retail stores because they eliminate the need to wait in long check-out lines.

By Product

• Serums
• Creams
• Gels
• Others

By Target Group

• Male
• Female

By Ingredient

• Retinoids
• Hyaluronic Acids
• Alpha Hydroxy Acids
• Others

By Treatment

• Body Care Treatment
• Facial Care Treatment

By Distribution Channel

• Pharmacies
• Stores
• Online Stores

By Region

•    North America
o    U.S.
o    Canada

•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe

•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific

•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America

•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

List of Key Players in the Global Anti-aging Market:

• Procter & Gamble Co.
• Johnson & Johnson
• Unilever plc
• Shiseido Company, Limited
• ZO Skin Health, Inc.
• L’Oréal Paris
• The Estée Lauder Companies, Inc.
• Beiersdorf, and PHYTOMER

Regional Insights

Asia Pacific dominated the market with more than 40% of the market share

Asia-Pacific is the most populous region on the planet and a massive market for anti-aging products. Countries such as Korea and Japan use advanced cosmetics technology due to high R&D costs. Serum, which has a greater absorption capacity than emulsions, essential oils, and elixir agent oils, is increasing in demand in the APAC Anti-aging Market. Increased spending on cosmetic products in both developed and developing countries is accelerating market growth in this region. The Asia-Pacific region, on the other hand, is the fastest-growing market for anti-aging equipment and products, owing to an increase in the number of beauty procedures, an increase in the elderly population, and an increase in the number of meeting seminars to raise consumer awareness.

Table

Report Attributes	Details
Market Size Value in 2021	USD 58.1 Billion
Market Size Value in 2030	USD 86.2 Billion
Growth Rate	+6.80%
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Product, By Target Group, By Ingredient, By Treatment, By Distribution, By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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