Anti-Agingproducts are designed to overcome the several signs of aging such aspigmentation, wrinkles, sagging, pores, fine lines of skin and also the thinning and greying of hair. Aging is brought about by a cycle of a biochemical process in the body which affects the body both internally as well as externally. This causes the body to degenerate while impacting the overall health, and appearanceover a period. The term ‘anti-aging’ is a healthcare concept which offers solutions to meet the desirable lifestyle challenges of individuals. The rise of the aging population globally is propelling the market growth for anti-aging products. Another prime factor which is driving the demand for the market is the surge in demand among consumers for effective, and natural solution to fight against the signs of aging problems. Furthermore, a major driver of this global market includes the extension of product lines which leads to product premiumization. Moving forward, increasing adoption of anti-aging products in the skin care industries is further expected to make the market more demanding in the coming years.Further, as aging occurs, the skins elasticity and moisture level drops, for which hyaluronic acid plays a significant role in retaining the skincare from the UV rays. The surge in use of hyaluronic acid for treatment of aging signs is one of the latest trends in the global market and is currently gaining momentum. Technological innovation in providing diverse products, and devices which cater to a consumer ever-changing needs has increased the adoption of anti-aging products in developed countries and hence it is expected to augment the market growth over the forecast period of 2017-2025.
The global anti-aging products market has been segmented based on demographics, among which generation Y is estimated to have a significant growth over the projection period owing to the surge in marketing, and promotional activities. Generation Y refers to those people born in between the years 1980 and 1990. In the current era, women constitute the largest consumer segment for both skin and hair care products. However, both skin and hair care products are gaining popularity among men globally, owing to the growing awareness of the ill-effects of pollution and stress. Based on the core industries, the skin care segment leads the market share, and this can be contributed to the surging demand for solutions for common problems such as wrinkles, and dark circles. Moving forward, based on the products, the natural product segment is anticipated to witness the highest growth during the forecast period, owing to growing concerns about the side-effects caused by chemical-based products. Based on the distribution channel, e-commerce has made a huge impact on the global anti-aging products market, which is evident from the surge of online purchasing consumer base.
The global anti-aging products market has been geographically segmented into North-America, Latin America, Europe, Asia-Pacific, the Middle East and Africa region.The increasing usage of anti-aging products among the population in North America makes the region held the largest market globally. The market in Europe is being driven bybeauty awareness and healthy lifestyle among the consumers. Moving forward, Asia-Pacific is estimated to witness robust growth owing to the wide availability of products, and rapid urbanization. Increasing demand fornaturalanti-aging products in the skin care industries is expected to garnish the market growth of anti-aging products over the next eight years.However, this market faces certain challenges which may pose a threat over the projection period. These factors include intense competition, availability of counterfeit products.
Some of the key players in the global anti-aging products market include Avon Products, Incorporated, Beiersdorf AG, Chanel S.A., Christian Dior SE, Elizabeth Arden, Incorporated, L’Oreal S.A. Merck & Company, Incorporated, Mary Kay, Incorporated, Oriflame Holding AG, Procter & Gamble, Revlon, Incorporated, and Unilever PLC.
Global Anti-Aging Products Market: By Demography
Global Anti-Aging Products Market: By Core Industries
Global Anti-Aging Products Market: By Products
Global Anti-Aging Products Market: By Devices
Global Anti-Aging Products Market: By Distribution Channel
Global Anti-Aging Products Market: By Geography