Increasing Awareness Among Consumers Related to Age-Related Skin Problems is expected to augment Anti-Aging Cosmetics Products Market at a healthy CAGR of 5.5% during the forecast period of 2022 to 2030

Anti-Aging Cosmetics Products Market Insights

According to MRFR analysis, the global Anti-Aging Cosmetics Products Market is expected to register a CAGR of 5.5% from 2022 to 2030 and hold a value of over USD 61.75 billion by 2030.

Anti-aging cosmetics encompass a broad variety of products that are marketed to make customers look younger by lessening the signs of aging. It contains skincare and haircare products that can enhance individual looks and make them look younger than their real age. In recent times, the global market has been measured as one of the most attractive markets. As more people have started to focus on their looks, the market demand has poured, leading to market growth.

During the forecasted period, the anti-aging cosmetics products market size is projected to witness a growth rate of 5.5%. One of the key factors that could aid as the catalyst is the rise in old and aging people. According to the world health Organization (WHO), in 2022, the total amount of individuals over 60 years was around 1 billion. The increasing number could play a major role in influencing the global market in the future.

The COVID-19 pandemic has significantly impacted the anti-aging cosmetics products market. Due to the infectious outbreak, the governments of several nations have introduced strict measures and guidelines to mitigate the risks and health-related complications linked to anti-aging cosmetics and procedures. It has augmented the restrictions for the operational businesses and hampered their ability to upsurge their portion of the global market share. However, the market is probable to recover during the forecasted period, and its profitability could surge.

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Regional Analysis

North America is projected to lead in the anti-aging product market. The market is increasing as more people become conscious of aging factors and lifestyle changes. In countries like the United States and Canada, factors such as the government’s rebate programs and increasing disposable income are fast-tracking the market’s growth pace. The rising demand for both men’s and women’s grooming products, as well as augmented awareness about appearances and a quest for attractiveness, will move the market forward.

 Asia Pacific is expected to lead in terms of CAGR. Furthermore, in countries such as Japan, China, and South Korea, the earlier and middle-aged generations are gradually using cosmetics that can delay and remove symptoms of initial aging, such as hair grey and the arrival of wrinkles and fine lines. As a significance of these factors, skin and hair wellness product demand is increasing. Furthermore, the growing availability of advanced cosmetics products, as well as enlarged access to numerous domestic and foreign cosmetic brands via the internet, has aided in advancing more market share in the Asia Pacific region.

Market Segmentation

The global Anti-Aging Cosmetics Products Market has been segmented into product type, nature, and Distribution channel.

By Product Type

Based on product type, The anti-aging cosmetics products market can be further segmented into skincare, hair care, and others based on the product type. The skincare market segment can be classified into anti-pigmentation, anti-skin sagging, anti-wrinkle, and other skincare products. The haircare segment of the global anti-aging cosemetics products market can be further categorized into anti-damage, anti-thinning, and other hair care aids. During the forecasted period, the skin care segment of the market is likely to demonstrate solid performance and contribute to the increase in global market revenue.

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By Nature

Based on nature, the anti-aging cosmetics products market can be further categorized into natural and conventional. The conventional segment is projected to play a key role during the forecasted period and contribute to the extended market size. However, the natural segment is also likely to showcase decent performance in the global market and sets its own customers’ demand that prefers organic solutions.

By Distribution Channel

Based on the Distribution channel, The anti-aging cosmetics products market can be divided into store-based and non-store-based channels based on the distribution channel. The store-based distribution channel can be further divided into specialty markets, supermarkets and hypermarkets, and others. During the forecasted period, the store-based segment is projected to witness significant growth and thus contribute to the augmented global market revenue.

Key Players

Some of the key market players are Unilever PLC, Allergan PLC, L’Oreal S. A., The Estee Lauder Companies Inc., The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited, The Face Shop Co. Ltd, PhotoMedex, Inc.

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Cosmetics Market Research Report Information By Product Type (Skin Cosmetics, Hair Cosmetics, Nail Cosmetics, Eye Cosmetics And Others), By Category (Organic & Natural And Conventional), By Distribution Channel (Store-Based And Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

Cruelty-Free Cosmetics Market Research Report: Information by Product Type (Skincare Products, Haircare Products, Makeup & Colour Cosmetics, Perfume & Fragrance, and Others), Form (Cream, Gel, Liquid, Powder, and Others), Distribution Channel [Store-Based (Hypermarkets and Supermarkets, Specialty Stores, Convenience Store, and Others) and Non-Store-Based], and Region (North America, Europe, Asia-Pacific, and the Rest of the World)- Forecast till 2030

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