Market Size of Anti-Aging Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anti-Aging Products Market Analysis
Global anti-aging market is forecasted to grow at a CAGR of 6.5% during the forecast period (2020 - 2025).
- The market is driven by theincreasingdemandfor multi-functional cosmetic products such asanti-wrinkle creams by women. Also, rising consumer spending power on personal care productsand changing lifestyles are fueling the demand for preventive anti-aging solutions. Furthermore,technological developments in the beauty industry coupled with newly formulated products with different flavors and essencehave resulted in frequent product launches by the leading companies that further fuel the global market growth.For instance, in February 2019, Organic Harvest, India’s leading organic personal care brand launched certified organic serum masks in five different variants which include anti-wrinkle mask and anti-acne mask.
- Geographically, North American dominates the market, followed by Europe. The Asia Pacific and South American regions have been witnessed to have the fastest growth in the global anti-aging products market.
- However, the factors restraining the global market by side effects of chemical-based anti-wrinkle creams and the price of raw materials needed to manufacture anti-wrinkle products.
