Anti Aging Products Market Size, Share, Trends and Industry Statistics Report
The global anti-aging products market size is expected to
reach USD 51.5 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 5.2% over the forecast period. Rising
consumer awareness regarding personal grooming and increasing concerns over the
adverse effects associated with aging are expected to have a positive impact on
the market growth.
Furthermore, growing awareness regarding the
hazardous effects associated with the chemically processed anti-aging products
is expected to promote the use of natural products. As of 2016, 57% of the U.S.
women claimed to prefer natural skin care products for their daily usage.
Therefore, consumers are increasingly preferring natural cosmetic oils and
serums due to their ability to penetrate the skin easily.
The hair care segment is expected to be the fastest
growing segment, expanding at a CAGR of 6.0% from 2019 to 2027. Aging is
related to the loss of volume, hair thinning, and dryness. Therefore, rising
importance of moisturizers, shampoo, and hair oils to cover grey hair, improve
softness of hair, and increase shining features is expected to remain a
favorable factor. Furthermore, growing application of hair care among men in
order to maintain hair growth for a longer time is expected to be a key trend
in the near future.
Supermarkets and hypermarkets was the largest
segment, accounting for over 50.0% share of the global revenue in 2018.
Availability of a wide range of products in a same selling window is a major
factor driving the consumers to purchase from supermarkets. It has been
observed that majority of the consumers prefer this distribution channel due to
the availability of products. The online category is expected to be the fastest
growing category as consumer preferences are shifting towards e-commerce
portals due to the convenience of doorstep delivery services.
North America accounted for more than 35.0% share of
the global revenue in 2018. High consumer spending on maintaining personal
appearance is contributing to the market growth. To prevent the sign of aging,
one-third of the U.S. adults use anti-aging products on a daily basis. Asia
Pacific is expected to be the fastest growing region from 2019 to 2025. Growing
disposable income and rising consumer awareness regarding the usage of
anti-aging skin care in emerging economies including China and India are
driving the market.
Key industry participants include Estée Lauder Inc.;
Bioderma; Procter & Gamble; PhotoMedex, Inc.; Beiersdorf Limited; Lumenis;
Clarin’s; Kiehls’s; pmdbeauty.com & Age Sciences Inc.; Cellex-C
International Inc.; and The Boots Company PLC. Product innovation is expected
to remain a critical success factor in the near future.
Request a Sample Copy
of the Global Anti-Aging Products Market Research Report @
www.grandviewresearch.com/industry-analysis/anti-aging-products-market/request/rs1
Further
key findings from the report suggest:
- The hair care segment is projected to ascend at a CAGR of 6.0% from
2019 to 2025
- Supermarkets and hypermarkets dominated the industry with an overall
share of above 50.0% in 2018
- North America dominated the industry, accounting for above 35.0%
share of the global revenue in 2018.
Access
full research report on global anti-aging products market:
www.grandviewresearch.com/industry-analysis/anti-aging-products-market
Comments