Bioactive ingredients is fastest growing segment fueling the growth of Anti-Aging Products Market.

 

The global Anti-Aging Products Market is estimated to be valued at US$ 21.36 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Anti-aging products help reduce the appearance of fine lines, wrinkles, age spots and other aging signs. They contain ingredients such as hyaluronic acid, retinol, peptides, antioxidants etc. that nourish and rejuvenate the skin. Due to rising aging population and increasing beauty consciousness, the demand for anti-aging creams, serums and oils is growing significantly.

Market key trends:

Increasing demand for natural and organic anti-aging products is a major trend in the market. Consumers are preferring products containing ingredients like plant stem cells, green tea, vegetable glycerin and vitamins rather than chemical-laden formulas. They are looking for sustainable and eco-friendly solutions to delay the visible signs of aging. Going natural has boosted the popularity of plant-based anti-wrinkle treatments, especially among millennials.

Segment Analysis

The global anti-aging products market is segmented into anti-wrinkle, anti-stretch marks, UV absorption, scar treatment, and natural products. Among these, the anti-wrinkle segment held the largest market share in 2022 owing to the rapidly increasing aging population globally. Anti-wrinkle products aim to reduce or remove existing fine lines and wrinkles from the skin, thus helping maintain a youthful appearance. With rising skin concerns among individuals regarding premature aging, the demand for anti-wrinkle creams, serums, and gels is high.

Key Takeaways

The global anti-aging products market is expected to witness high growth, exhibiting a CAGR of 8.7% over the forecast period, due to increasing awareness regarding the preventive measures for skin aging.

Regional analysis - North America held the dominant share in the global anti-aging products market in 2022. However, Asia Pacific is projected to witness the fastest growth during the forecast period driven by rising geriatric population, growing middle-class income group, and increased adoption of premium beauty products in countries like China, Japan, and India.

Key players analysis - Key players operating in the anti-aging products market are Unilever, Revlon, Beiersdorf, Photomedex Inc., Estee Lauder, Johnson and Johnson, Orlane, and L’Oreal. Unilever holds the leading market position owing to its strong brand portfolio of anti-aging skincare products including Dove, Vaseline, and Pond’s. Estee Lauder is another major player due to its renowned anti-aging brands such as Clinique, Origins, and Estee Lauder.

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