Global Anti aging Products Market to Reach Valuation of US$ 30.43 Bn by 2027: Industry Probe

January 09, 2020, Domain: Consumer Goods & Retail

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Anti-aging Products Market (Product Type: Day Care [Cream, Lotion, Scrub, Serum, and Others], and Night Care (Cream, lotion, Scrub, serum, and others); Category: Premium and Mass; Skin Type [Normal, Dry, and Oily]; Age Group [20–25 Years, 26–40 Years, 41–50 Years, and 51 Years and Above]; Application: Face, Hair, and Others, End User: Men and Women; Distribution Channel: Online [Company-owned Website and e-Commerce Website] and Offline [Hypermarket/Supermarkets, Pharmacies, Beauty Salon, and Others]) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’, the global anti-aging products market is expected to reach US$ 30.43 Bn by 2027 and expand at a CAGR of ~6% from 2019 to 2027.

Overview

  • The global anti-aging products market was valued at US$ 96 Bn in 2018 and is expected to expand at a CAGR of ~6% from 2019 to 2027

  • Europe region is expected to hold a major market share and grow at a steady rate during the forecast period. Asia Pacific is expected to grow at the fastest rate during the forecast period. Increasing consumer spending capacities, rising disposable incomes, increasing knowledge about beauty and skincare trends, and also raising awareness about the use of skin care products has led to the rapid growth of the anti-aging products market during the forecast period.

Driving Factors

  • The rising popularity of anti-aging products is one of the major factors that have a positive impact on the growth of the global anti-aging products market

  • Moreover, rapid innovation in anti-aging products is anticipated to accelerate global anti-aging products. Market players are focusing on the adoption of business strategies such as product development and expanding the distribution channel. This is expected to increase the demand for anti-aging products across the world during the forecast period.

  • Other factors such as an increase in disposable income, an increase in purchasing power, increasing the aging population are expected to accelerate the growth of the anti-aging products during the forecast period. Socio-cultural changes are also expected to drive the overall anti-aging products globally during the forecast period.

Key Challenges

  • However, the high price of anti-aging products is expected to act as a restraint for the global anti-aging products market during the forecast period

Market Preference

  • In terms of product type, the daycare segment is expected to hold a major market share and grow at the fastest rate during the forecast period. Anti-aging creams are regular creams with added active ingredients designed to keep skin plump, smooth fine lines and wrinkles, or boost radiance. All these benefits are expected to increase the demand for anti-aging products among the end-user during the forecast period.

  • Under the category segment, the mass anti-aging products segment is expected to hold a major market share and expand at a high rate during the forecast period

  • In term skin type, the normal skin type segment is expected to hold a major market share and grow at the fastest rate during the forecast period

  • Among age groups, the 51 years & above segment is expected to hold major market share and the 26 – 40 years segment is expected to grow at the fastest rate during the forecast period

  • In terms of application, the face segment is expected to hold a major market share and grow at the fastest rate during the forecast period

  • Based on end-user, the women segment is expected to hold a major share and grow at the fastest rate during the forecast period. An increase in the number of working women has driven more women to use anti-aging products. Along with increasing female users, there is also a rise of male consumers.

  • In terms of region, Europe is expected to hold a major market share of the global anti-aging products market, followed by the Asia Pacific and North America. In the Asia Pacific region, China holds the largest market for anti-aging products in the Asia Pacific followed by Japan in 2018.

Competition Landscape

  • The anti-aging products market is dominated by several players who are focused on the development of new products to cater to the rising and shifting consumer preferences

  • The report includes the below-mentioned pointers of major players operating in the anti-aging products market:

    • Competition Matrix

    • Company Overview

    • Market Share Analysis (2018)

    • Product Innovation

    • Business Strategies / Recent Developments

      • Technological advancements

      • Key mergers and acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope Include

  • Estée Lauder Inc.

  • LOreal SA

  • Beiersdorf Limited

  • KAO Corporation

  • Procter & Gamble

  • Revlon

  • Johnson & Johnson

  • Unilever

  • Oriflame Cosmetics Global SA

  • Shiseido Company

Research Scope/ Market Taxonomy

Anti aging Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027

OR

Need Assistant

Call +1-917-985-8551

or

Industryprobe

Industry Probe is a leading market research and business intelligence firm focused on consumer goods & industrial machinery sector offering best-in-class intelligence services through a workforce of talented & experienced analysts.

Offering a varied range of services from syndicated research & consulting solutions to competitive intelligence & full time engagement, Industry Probe is renowned for delivering excellent visibility and bringing better understanding to companies seeking greater market awareness.

Follow Us:

CONTACT US

  • To know more about us, please visit our website:

    www.industryprobe.com

  • For sales queries or new topics email us on:

    sales@industryprobe.com

  • For other queries contact:

    Registered Office and Delivery center
    Office No. 504, 5th Floor,VANTAGE 9 S.No. 36/1/1,
    Baner, Pune, Maharashtra 411045

    Communication center - United States
    1441 Broadway, 6th Floor - # 6131
    New York, NY 10018