Global Antiaging Products and Services Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The global anti-aging products and services market refers to the market for products and services that are designed to reduce the signs of aging and improve overall skin health. This market includes a wide range of products and services such as anti-aging creams, lotions, serums, and masks, as well as non-invasive procedures such as botox, dermal fillers, and microdermabrasion. The major driving factors for the Global Antiaging Products and Services Market are the increasing aging population and rising awareness about the benefits of anti-aging products and services. Moreover, advancements in technology and product innovation and changing lifestyles and increasing disposable income are creating a lucrative growth opportunity for the market over the forecast period 2023-2030.
global population is aging at a rapid pace, is driving demand for anti-aging products and services. Skin-related issues, such as wrinkles, fine lines, and age spots, which can be addressed by anti-aging products and services. According to a report published by the United Nations in 2020, the global population of older persons (aged 65 and over) is projected to double by 2050, reaching 1.5 billion people. This represents an increase of 16% in the proportion of older persons in the total population. Along with this, in 2021, the U.S. Census Bureau reported that the population aged 65 and older in the United States had grown to 56 million, representing 17.5% of the total population. This is an increase from 52 million in 2018. Moreover, a report published by the Australian Bureau of Statistics in 2021 found that the proportion of the population aged 65 and over in Australia had increased from 15% in 2011 to 17.7% in 2021. The report also projected that this proportion would continue to grow over the coming decades. However, the high cost of Antiaging Products and Services stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Antiaging Products and Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is the dominating market for anti-aging products and services, owing to the high disposable income of the population, rising awareness about anti-aging products and services, and a large population of aging baby boomers. The United States is the largest market in the region, followed by Canada. The Asia-Pacific region is expected to be the fastest-growing market for anti-aging products and services due to factors such as a large population of aging baby boomers, rising disposable income, and increasing awareness about anti-aging products and services. Japan, China, and South Korea are the largest markets in the region, with a strong demand for anti-aging products and services.
Major market player included in this report are:
L’Oreal S.A.
Procter & Gamble Co.
Estee Lauder Companies Inc.
Unilever Group
Beiersdorf AG
Shiseido Company, Limited
Johnson & Johnson Consumer Inc.
Amway Corporation
Kao Corporation
Avon Products, Inc.
Recent Developments in the Market:
Ø In January 2023, Orbis a company based in Japan launched a dedicated product line for mature consumers. Is expanding the market share.
Ø In October 2020, Launched a virtual try-on tool for its Garnier line of anti-aging skincare products. It is a virtual try-on tool for its Garnier line of anti-aging skincare products, allowing customers to see how products would look on their skin before purchasing.
Global Antiaging Products and Services Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, End-User, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Skincare products
Haircare products
Nutritional supplements
Devices
Others
By Application:
Wrinkle reduction
Pigmentation management
Body contouring
Hair restoration
Others
By End-User:
Men
Women
Unisex
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa