The global anti-aging products market has experienced
significant growth driven by the increasing aging population and
the widespread influence of social media. As the global population
continues to age, particularly in regions like Asia-Pacific and Europe, there is a increased demand for
products that address age-related skin concerns such as wrinkles,
fine lines, and age spots. Concurrently, the rise of social media
platforms has amplified beauty standards and trends, with
influencers and celebrities promoting anti-aging products, thereby
increasing consumer awareness and demand.
WILMINGTON, Del., Aug. 13, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Anti Aging Products
Market by Product Type (Facial Creams and Lotions,
Serums and Concentrates, Under Eye Creams, Others (Facial Oils and
Sheet Masks)), End User (Male and Female), and Distribution Channel
(Supermarkets/Hypermarkets, Specialty Stores, Pharmacies/Drug
Stores, Online Retail Stores and Other): Global Opportunity
Analysis and Industry Forecast, 2024-2033". According to the
report, the anti aging products market was valued at $55.8 billion in 2023, and is estimated to reach
$108.5 billion by 2033, growing at a
CAGR of 6.9% from 2024 to 2033.
Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A06331
Prime determinants of growth
The prime determinants of growth in the anti-aging products
market include technological advancements, increasing consumer
awareness, and evolving beauty trends. Innovations in skincare
technology, such as the development of more effective active
ingredients and delivery systems, are enhancing product efficacy
and attracting more consumers. In addition, the rising awareness
about skincare and anti-aging benefits is driving demand. New
trends, such as the preference for natural and organic products,
the rise of gender-neutral skincare, and the integration of
wellness concepts into beauty routines, are also shaping the
market. Consumers are increasingly seeking products that offer
holistic benefits, including anti-aging, hydration, and overall
skin health, which is encouraging brands to diversify their
offerings and adopt sustainable practices.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$55.80
Billion
|
Market Size in
2033
|
$108.5
Billion
|
CAGR
|
6.9 %
|
No. of Pages in
Report
|
195
|
Segments
Covered
|
Product Type, End User,
Distribution Channel, and Region.
|
Drivers
|
• The growing
geriatric population.
• Increasing
awareness of anti-aging products and services.
• The growing
influence of social media.
|
Opportunities
|
• The high cost
of anti-aging products and services.
• Growing demand
for clean beauty and natural ingredients.
|
Restraints
|
• The intense
competition among players.
• The high cost
of anti-aging products and services.
|
Procure Complete Report (195 Pages PDF with Insights, Charts,
Tables, and Figures):
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Segment Highlights
By product type, facial creams and lotions segment held the
highest market share in 2023 owing to their widespread use and
multifunctional benefits. These products are mainly used in daily
skincare routines, providing essential hydration, protection, and
treatment for various skin concerns. The ease of application and
the availability of formulations tailored to different skin types
and concerns make them highly popular among consumers. In addition,
facial creams and lotions often incorporate advanced ingredients
such as retinoids, peptides, and antioxidants, which are known for
their anti-aging properties. The continuous innovation in this
segment, including the introduction of lightweight and non-greasy
formulations & products with added benefits such as sun
protection further drives their dominance in the market.
By end user, the female segment was the dominating segment in
the anti-aging products market in 2023 owing to higher awareness
and prioritization of skincare among women. Women are generally
more proactive in seeking out and using products that address aging
concerns, driven by societal beauty standards and a greater
emphasis on maintaining youthful appearance. The vast array of
products specifically formulated for women, coupled with targeted
marketing campaigns by beauty brands, reinforces this trend. Women
also tend to engage more with beauty content on social media and
are influenced by beauty influencers and celebrities, which further
boosts their consumption of anti-aging products. The availability
of a wide range of options, from budget-friendly to premium
products, caters to diverse preferences and enhances market
penetration.
By distribution channel, online retail stores dominate the
anti-aging products market owing to their convenience, extensive
product range, and competitive pricing. The rise of e-commerce has
revolutionized how consumers shop for skincare products, offering
the ability to compare prices, read reviews, and access a wider
variety of products from the comfort of their homes. Online
platforms also frequently offer exclusive deals and discounts,
making them an attractive option for price-sensitive consumers. In
addition, online retail stores provide detailed product information
and recommendations, enhancing the shopping experience and driving
the dominance of this distribution channel in the anti-aging
products market.
Regional outlook
By region, the Asia-Pacific
region dominated the anti-aging products market in 2023 owing to
several compelling reasons. Firstly, the region has a rapidly aging
population. Countries such as Japan, China,
and South Korea have significant
proportions of elderly citizens, driving demand for anti-aging
solutions . In addition, rising disposable incomes across the
region have enabled more consumers to spend on premium skincare
products. The cultural emphasis on beauty and skincare also plays a
crucial role, with consumers in Asia-Pacific highly valuing youthful and
radiant skin. Moreover, the influence of K-beauty (Korean beauty)
and J-beauty (Japanese beauty) trends has significantly boosted the
market. These trends emphasize advanced skincare routines and
innovative products, which have garnered global attention and
demand . Lastly, the presence of major skincare brands and the
rapid growth of e-commerce in the region have facilitated easier
access to a wide range of products, further driving market
dominance in 2023.
Want to Access the Statistical Data and Graphs, Key Players'
Strategies:
Players: -
- Estee Lauder Inc.
- Procter & Gamble
- Unilever
- LOreal SA
- Oriflame Cosmetics AG
- Beiersdorf Global
- Shiseido Company Limited
- Groupe Clarins
- Caudalie
- Natura & Co.
The report provides a detailed analysis of these key players in
the global anti-aging products market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Recent Development:
- In January 2024, Estée Lauder
unveiled its newest product innovation, new Re-Nutriv Ultimate
Diamond Transformative Brilliance Soft Crème, with SIRTIVITY-LP™
which reveals visible age reversal starting in just 14 days.
- In August 2023, OLAY introduced
its latest technological breakthrough, OLAY Super Serum, a
superpowered skin care innovation that includes activated
niacinamide, as well as vitamin C, collagen peptide, vitamin E and
alpha hydroxy acid (AHA) — all working together to deliver an
unparalleled skin transformation.
- L'Oréal Canada launched
SkinBetter Science, a medical aesthetic skincare brand, adding it
to the L'Oréal Dermatological Beauty (LDB) division. The brand
claimed that SkinBetter Science is currently distributed across
Canada and on the
www.skinbetter.ca.
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