The size of the worldwide anti-aging cosmetics market is anticipated to reach USD 60.26 billion by 2026, with a compound annual growth rate (CAGR) of 5.8% throughout the forecast period, according to Fortune Business Insights. The growing awareness of the importance of skincare and hair care will increase demand for anti-aging cosmetics containing vitamin C and vitamin E, which will support the market's healthy expansion. In addition, the growing prevalence of skin-related issues and technical developments in cosmetics will propel the worldwide market throughout the projected time.
Information Source: https://www.fortunebusinessinsights.com/anti-aging-cosmetics-market-102768
Top Key Players Covered in the Anti-aging Cosmetics Market:
L’Oréal Professional
Unilever
Procter & Gamble
Estée Lauder Inc.
Beiersdorf AG
Shiseido Co., Ltd.
Coty Inc.
Natura & Co.
Kao Corporation
Johnson & Johnson Services, Inc.
Market Driver:
Rising Technological Advancement in Anti-Aging Products to Create New Sales Opportunities
The cosmetics sector has benefited from the growing R&D expenditures made by major firms in the creation of efficient beauty and anti-aging products. The development of anti-aging products has been greatly aided by technological improvements, which has improved economic outcomes. As an illustration, cutting-edge technology like the transdermal absorption system contributes to improving the cosmetic product's solubility, dispersion efficiency, and overall efficacy. Businesses are concentrating on releasing cutting-edge goods to meet customer wants; this vigour will help to advance the market. For instance, Real Barrier, a leading beauty skincare company announced the launch of an intensive clinical-level anti-aging collagen mask which uses special ingredients such as oligopeptides, folic acid, and hexapeptide, thus offering basic building blocks of the youthful skin.
Market Restraint:
Occurrence of Counterfeit Products to Confine Growth
The expansion of the market has been hindered by the presence of counterfeit anti-aging cosmetic goods. For example, fake anti-aging cosmetics are inexpensive and include harmful ingredients, which can lead to negative skin issues including rashes, swelling, and wrinkles. Eventually, this will make people less likely to purchase additional cosmetics in the future. Furthermore, the rising expense of unique and opulent anti-aging products in developing countries would impede the growth of the anti-aging cosmetics industry going forward.
Regional Analysis:
Presence of Geriatric Population to Enable Growth in Asia Pacific
Asia Pacific is expected to hold the largest share in the global market owing to the presence of the geriatric population in the region. The growing use of beauty products by younger and middle-aged generations to prevent early signs of aging in countries such as South Korea, Japan, and China will influence the positive growth of the market. The increasing consumer awareness regarding cosmetic products coupled with the accessibility of high-end branded products will boost healthy growth in Asia Pacific during the forecast period.
Rеаѕоnѕ to Get thіѕ Rероrt:
A segmentation-based qualitative and quantitative market analysis that takes into account both non-economic and economic elements.
Market value information for every portion and subsegment.
Identifies the area and market niche most likely to see the greatest rate of growth and market dominance.
Both the product/service usage in each region and the variables influencing the market in each region are emphasized.
The competitive landscape comprises the market rankings of the leading competitors, in addition to the announcements of new services and products, partnerships, business expansions, and acquisitions by the corporations that have been highlighted in recent years.
Frequently Asked Questions (FAQs):
1. Is the Anti-aging Cosmetics Industry growing?
Answer: Fortune Business Insights says that the global market size was USD 38.62 billion in 2018 and is projected to reach USD 60.26 billion by 2026.
2. Who are the key players in the Anti-aging Cosmetics Market?
Answer: L’Oréal Professional, Procter & Gamble, and Estée Lauder Inc. are a few of the leading players in the global market.
3. What are the Key Factors Raising the Market?
Answer: Rising Technological Advancement in Anti-Aging Products to Create New Sales Opportunities
