Anti-aging Cosmetics Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product Type, Distribution Channel, Product Form, and Region

Anti-aging Cosmetics Market Definition:

Anti-aging Cosmetics Market is expected to increase through the forecast period. The rise in awareness about a healthy lifestyle and increase in demand for personal grooming products are expected to support the market through the forecast period.

 

Further, the Anti-aging Cosmetics Market is segmented By Product Type, By Distribution Channel, By Product Type Form and geography. On the basis of Product Type, the Anti-aging Cosmetics Market is segmented under Skin Care, Hair Care, Makeup, Eye Care, Others. Based on the By Distribution Channel, the Anti-aging Cosmetics Market is segmented under Supermarkets or Hypermarkets, Cosmetic Stores, Online Stores, Others. Based on the Product Form, the Anti-aging Cosmetics Market is segmented under Cream, Lotion, Serum, Others. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

Anti-aging Cosmetics Market Dynamics:

Antiaging cosmetics provide various features such as moisturizing agents and provide an immense glow to the skin. The anti-ageing cosmetics contain substances which are antioxidants that prevent ageing such as vitamin C and Vitamin E which decreases the degenerative process. These products are available in various formats such as skin care, hair care and eye care products. Several factors such as consumption of alcohol, smoking, and unhealthy lifestyle increase the process of ageing, thus, to control the ageing process these products are applied to the skin. These various factors create the need for anti-ageing cosmetic products. Thus, these factors are expected to create the demand for the market. The majority of key companies are investing in research and development to innovate new products, to diversify the products driving the market through the forecast period. The implementation of a customer-centric approach by the majority of companies is likely to fuel the demand for the market. Various marketing strategies to attract consumers are expected to drive the market through the forecast period.

 

In recent years, the consumers are focusing on buying toxin-free products such as cosmetic products and this surge in inclination toward non-toxic cosmetics products is expected to drive the market through the forecast period. The awareness about buying organic products as these products does not show side effects and are less harmful compared to the synthetic products expected to support the market through the forecast period. According to the survey in hungry, about 70 % of respondents in 196 showed their interest to buy natural products made up of natural ingredients. Moreover, the rise in population and disposable income is expected to assist the market through the forecast period.

 

The increase in the geriatric population is linked with a rise in awareness of the beauty products and cosmetics products expected to drive the market through the forecast period. The aged individuals are widely interested to buy anti-ageing cosmetic products to look attractive and gain a young look thus, the increasing number of aged populations is expected to support the market through the forecast period. According to MMR research, by 2050 1 in 6 individual persons is expected to be above 65 age than 1 in 11 in recent years. Skin ageing induces various other problems such as a rise in radiation sensitivity, collagen degradation, and a fall in subcutaneous fat problems these various problems make anti-ageing products mandatory to use. These factors are expected to drive the market through the forecast period. Moreover, the rise in marketing campaigns about beauty and cosmetic products and their features and characteristics is likely to increase demand for the market through the forecast period.

 

The rise in technological advancement and product diversity, as well as R&D activities, are expected to increase the market demand through the forecast period. For instance, the technology known as the transdermal absorption system helps in soluble dispersion efficiency and increases the effectiveness of the cosmetic. Companies are innovating various products to gain market share through the forecast period. Moreover, skin care clinics and spas widely use antiaging cosmetic products to offer excellent skin care solutions to consumers. Thus, the growth of the travel and tourism industry, as well as the span industry, is expected to drive the market through the forecast period. 

 

The non-branded local products are expected to hinder the market through the forecast period. As these products contain toxins which can be harmful to the skin, counterfeit products are expected to hamper the market through the forecast period. As these products can shoe adverse skin problems such as rashes, skin wrinkles and swelling it changes consumer behaviours and create a negative impact on consumers. On the other hand, companies require a large number of investments in research and development for the innovation of new antiaging products. This becomes the entry barrier for the new start-ups. Thus, these factors are expected to hinder the market through the forecast period.

 

 

Anti-aging Cosmetics Market Segment Analysis:

By Product Type, the Anti-aging Cosmetics Market is segmented under Skin Care, Hair Care, Makeup, Eye Care, and Others. The Skin Care segment holds the largest share in the market and it is expected to increase through the forecast period. Due to the availability of a wide variety of skin care products. Moreover, the increase in demand for skin care products linked with anti-ageing skin care products is expected to drive the market through the forecast period.  Moreover, the makeup segment is expected to grow significantly through the forecast period. Due to an increase in awareness about grooming on various occasions.

 

By Distribution Channel, the Anti-aging Cosmetics Market is segmented under Supermarkets or Hypermarkets, Cosmetic Stores, Online Stores, and Others. Hypermarkets and supermarkets hold a significant share in the market due to the wide range of products from several brands and discounts offered by these stores are expected to drive the market through the forecast period. 

 

Anti-aging Cosmetics Market Regional Insights:

North America is expected to grow through the forecast period, as North America hold a significant amount of share in the market. Due to greater awareness about personal grooming as well as self-care driving the market through the forecast period. Europe region is growing significantly as the consumers are fashion-sensitive and increase in number of spas and tourism sector driving the market. Asia Pacific region is expected to hold the major share in the market due presence of a high number of aged and population.

 

Anti-aging Cosmetics Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Anti-aging Cosmetics Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Anti-aging Cosmetics Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Anti-aging Cosmetics Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Anti-aging Cosmetics Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Anti-aging Cosmetics Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Anti-aging Cosmetics Market.

 

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Anti-aging Cosmetics Market. The report also analyses if the Global Anti-aging Cosmetics Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Anti-aging Cosmetics Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Anti-aging Cosmetics Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Anti-aging Cosmetics Market is aided by legal factors.

 

Anti-aging Cosmetics Market Scope:

Anti-aging Cosmetics Market Scope
Market Size in 2022	USD 51.81 Bn.
Market Size in 2029	USD 77.39 Bn.
CAGR (2023-2029)	5.9%
Historic Data	2017-2021
Base Year	2022
Forecast Period	2023-2029
Segment Scope	By Product Type Skin Care Hair Care Makeup Eye Care Others
	By Product Type Form Supermarkets or Hypermarkets Cosmetic Stores Online Stores Others
	By Product Type Form Cream Lotion Serum Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Anti-aging Cosmetics Market Key Players:  

• Estee Lauder Inc.
• Procter & Gamble
• Beiersdorf Limited
• pmdbeauty.com & Age Sciences Inc.
• Shiseido
• Unilever
• L’Oreal Paris
• Revlon
• Oriflame Cosmetics
• Avon Products, Inc.