Anti-Aging Market
Number of pages: 100 | Report Format: PDF | Published date: November 02, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 42.10 billion |
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Revenue forecast in 2030 |
US$ 70.53 billion |
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Growth Rate |
CAGR of 5.9% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Product type, Treatment type, Application, Distribution channel, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global anti-aging market was pegged at US$ 42.10 billion in 2021 and is expected to witness a CAGR of 5.9% during the forecast period from 2022 to 2030.
Market Fundamentals
The human body undergoes various biochemical changes in the aging process and these changes further lead to the eventual degeneration of the human body. These biochemical changes are mostly observed by the change in physical appearance such as in the skin and hair of an individual. In order to reduce these biochemical effects on the human body different anti-aging products or treatments have been introduced. Anti-aging products help to reduce wrinkles, and fragile skin and also help to retain the elasticity of the skin, thereby slowing down the aging process.
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Market Dynamics
Anti-aging is one of the fastest growing segments in the overall aesthetics market. The continuous growth of anti-aging market is attributed to the rapidly growing geriatric population and perpetual introduction of multifunctional products. Furthermore, growing disposable income and efficient and satisfactory results provided by various products/treatments also greatly contribute to the market growth. Additionally, large availability and access to anti-aging services, products, or devices; and appealing celebrity & influencer endorsements further boost the anti-aging market expansion. However, risk of side effects, strict regulatory requirements, and high costs for treatments/products restrain the market growth.
Market Ecosystem
The global anti-aging market has been analyzed from four perspectives: by product type, treatment type, application, distribution channel, and region.
Anti-Aging Market by Product Type
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Based on product type, the global anti-aging market has been segmented into anti-wrinkle products, anti-stretch mark products, hair color products, and others. The anti-wrinkle products segment dominates the segment with the largest revenue share. Wrinkles form the primary sign of aging. Topical wrinkle treatments and botulinum toxin form the most demanded items due to visible efficacy and affordable costs.
Anti-Aging Market by Treatment Type
Based on treatment type, the global anti-aging market has been segmented into dermal fillers, botulinum toxin therapy, dermabrasion, and others (chemical peels, microdermabrasion, etc.). Botulinum toxin therapy currently holds the largest share in the market. This treatment type is cost-effective, uses a non-invasive method, provides a satisfactory result, and has high availability.
Anti-Aging Market by Application
Based on the application, the anti-aging market has been segmented into skin resurfacing, anti-wrinkle treatment, and anti-pigmentation. The anti-wrinkle application is experiencing significant growth in demand in the recent years. With the aging, the elasticity and collagen content of the skin reduces, thereby causing the skin to lose the youthful appearance and increase the visibility of wrinkles. Growing aging population and increasing disposable incomes are augmenting the demand for products and treatments reducing appearance of wrinkles.
Anti-Aging Market by Distribution Channel
Based on distribution channels, the global anti-aging market has been segmented into online, supermarkets and hypermarkets, salons, specialty clinics, and hospitals. Supermarkets and hypermarkets hold the largest revenue share in the global market. This segment has a great advantage over other segments due to the easy and convenient access which leads to higher sales of the anti-aging products. Supermarket offers lucrative deals such as sales offers, combo offers, a variety of products including international brands, and many more thus promoting this segment as a perfect platform for the customers.
Anti-Aging Market by Region
Geographically, the global anti-aging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America dominates the global anti-aging market with the largest revenue share. The market growth in this region can be attributed to the high focus of the general population on enhancing aesthetic appearance due to high beauty standards in society and growing knowledge of the aging treatments. Furthermore, higher disposable incomes further fuel the swift adoption of advanced anti-aging products and treatments in North America.
Europe holds the second largest revenue share in the global anti-aging market. Europe’s prominent position can be attributed to high disposable income of the population and changing perspectives on enhancing aesthetic appeal along with greater awareness.
Competitive Landscape
Some of the prominent players operating in the global anti-aging market are:
Strategic Developments
The top 5 players in the global anti-aging market are Shiseido Company Limited, The Procter & Gamble Co. (P&G), Oriflame Cosmetics AG, Estée Lauder Inc., and Unilever plc.
The anti-aging market will grow with a CAGR of 5.9% in the forecast period from 2022 to 2030.
The global anti-aging market is valued at US$ 42.10 billion in the year 2021.
The anti-wrinkle segment dominates the market with the largest revenue share.
Growing geriatric population, increasing disposable income, and continuous launch of enhanced and more effective anti-aging treatment products or treatments are some of the major driving factors in anti-aging market.
*Insights on financial performance are subject to the availability of information in the public domain