Anti-Aging Cosmetics Products Market Size was valued at USD 45.2 Billion in 2023. The Anti-Aging Cosmetics Products Industry is projected to grow from USD 47.686 Billion in 2024 to USD 69.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2024 - 2032). Increasing trends and the introduction of organic anti-ageing treatments, as well as rising demand for eye cream and lotion are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for Anti-Aging cosmetics products is being driven by increased technological developments and R&D expenditure in Anti-Aging products, which are both contributing significantly to the market's growth. For example, cutting-edge technology such as the transdermal absorption system aids in increasing the solubility and dispersion efficiency, and thus the overall effectiveness of the cosmetic. Companies in the field have mostly developed revolutionary Anti-Aging cosmetic goods to meet consumers' growing need for technologically enhanced cosmetic items.
Aside from that, spas and skincare clinics commonly use Anti-Aging cosmetic items to provide their consumers with an effective skincare solution. As a result, the growth of the spa sector, as well as the medical tourism industry, increases consumption of numerous revolutionary Anti-Aging cosmetic products. For instance, according to the article 'Ageing, Health, Wellness Conference: For Better Ageing Care' published by Ageing Health Conference Organisation, in April 2019, Ageing meet 2019 was held in Malaysia, which was primarily focused on the technicality and benefits of ageing & geriatric medicines that can be used to solve ageing problems. Furthermore, rising awareness of personal grooming and hygiene among the middle-aged and geriatric populations has led to an increase in the usage of Anti-Aging cosmetic goods.
Furthermore, increased population ageing and the number of market competitors offering cutting-edge therapies to cure your skin are both driving market expansion. Furthermore, the expanding senior population in emerging economies is to blame for the increase in antiageing goods sales.
The Anti-Aging cosmetics products market segmentation, based on type includes skincare, haircare and others. The skincare segment is predicted to increase at the fastest rate over the projection period. Factors such as increased knowledge of numerous ageing indications such as wrinkles, red spots, dullness, decreased plumpness, and discolouration, among others, are causing anxiety among people of all ages. Skincare has become a need, particularly among those in poor and developed countries who are ready to spend money on Anti-Aging goods. Demand for Anti-Aging products is also expanding among the younger population, as the trend of taking precautionary steps prior to actual ageing has grown dramatically. Collaborations, mergers, and acquisitions are also important drivers of market revenue growth.
The Anti-Aging cosmetics products market segmentation, based on nature includes natural and conventional. In 2022, the conventional category dominated the market. Furthermore, it contribute to the increased market size. However, due to client demand for organic solutions, the natural category is also expected to perform well in the worldwide market environment.
Figure1: Anti-Aging Cosmetics Products Market, by Nature, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Anti-Aging cosmetics products market segmentation, based on distribution channel, includes store based and non-store based. In 2022, the store-based category is the largest contributor to the market. Supermarket and hypermarket are the store-based segments. The segment of supermarkets and hypermarkets accounted for a significant market share. Customers prefer supermarkets for beauty goods, including Anti-Aging ones, for reasons such as variety of choices, availability of a wide range of standard products, lower operation costs resulting to lower product costs, and more discounts. It is also a very convenient manner of selling for sellers because there is no negotiation from clients, thus pricing can be maintained fixed, and margin profit in supermarkets is kept low, resulting in more profits. Such favourable variables are resulting in increased sales volume of Anti-Aging products through supermarkets and hypermarkets.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Anti-Aging cosmetics products market area will dominate this market, owing to the rising availability of well-established infrastructure. The growing presence of significant market players, as well as the increasing consumption of Anti-Aging products, would most likely drive market expansion in this area.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Anti-Aging Cosmetics Products MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s anti-ageing cosmetics products market accounts for the second-largest market share due to increased consumer awareness of natural cosmetics and cosmetics companies' ambition to replace synthetic components with organic alternatives. Further, the German anti-ageing cosmetics products market held the largest market share, and the UK anti-ageing cosmetics products market was the fastest growing market in the European region
The Asia-Pacific Anti-Ageing Cosmetics Products Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising concerns such as acne, sunburns, melanoma, and the harmful effects of UV rays and pollutants are likely to positively influence the market growth. Moreover, China’s anti-ageing cosmetics products market held the largest market share, and the Indian anti-ageing cosmetics products market was the fastest growing market in the Asia-Pacific region.
Leading market players are extensively investing in research & development to extend their product lines, which will help the Anti-Aging cosmetics products market grow even more. Market participants are also engageing in a number of strategic initiatives to grow their worldwide footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. To expand and thrive in a more competitive and rising market climate, the Anti-Aging cosmetics product industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Anti-Aging cosmetics products industry to benefit clients and increase the market sector. In recent years, the Anti-Aging cosmetics products industry has offered some of the most significant advantages to medicine. Major players in the Anti-Aging cosmetics products market, including The Estee Lauder Companies Inc, Lotus Herbals Pvt. Ltd, The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited and others, are attempting to increase market demand by investing in R&D operations.
L'Oréal S.A. is a French cosmetics and personal care corporation based in Clichy, Hauts-de-Seine, with a registered office in Paris. It is the world's largest cosmetics company, and it has expanded its operations in the industry, focusing on hair colour, skin care, sun protection, make-up, perfume, and hair care. Eugène Paul Louis Schueller (1881-1957), a young French chemist, invented Oréale hair colour in the early twentieth century. Schueller developed and manufactured his own goods, which he subsequently sold to Parisian stylists. Schueller registered his company, the Société Française de Teintures Inoffensives pour Cheveux (Safe Hair Dye Company of France), on July 31, 1919. In December 2021, L'Oréal announced the acquisition of the vegan skincare company Youth to the People.
Unilever is a multinational British consumer goods corporation headquartered in London, England. Food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy drink, toothpaste, pet food, pharmaceutical and consumer healthcare products, tea, breakfast cereals, beauty products, and personal care are all products manufactured by Unilever. Unilever is the world's largest soap manufacturer, with products sold in over 190 countries. Lifebuoy, Dove, Sunsilk, Knorr, Lux, Sunlight, Rexona/Degree, Axe/Lynx, Ben & Jerry's, Omo/Persil, Heartbrand (Wall's) ice creams, Hellmann's, and Magnum are among Unilever's most well-known brands. Unilever is divided into three segments: Foods & Refreshments, Home Care, and Beauty & Personal Care. It has R&D facilities in China, India, the Netherlands, the United Kingdom, and the United States.. In October 2020, Unilever reported that 99 percent of its UK shareholders approved of the merger, i.e., voted to base the firm in London.
Anti-Aging Cosmetics Products Industry Developments
In September 2022, Derma E launched an anti-wrinkle line of products at Walmart stores across the United States in the Natural face care section.
In April 2021, Bio-Oil launched an All-Natural version of the oil which will be available in Ireland for the treatment of scars and stretch marks.
In August 2021, Sciton launched the mJoule platform in Canada which features the company's fractional treatment, MOXI, and BBL Hero treatment for skin resurfacing.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 45.2 Billion |
| Market Size 2024 | USD 4.80Billion |
| Market Size 2032 | USD 69.4 Billion |
| Compound Annual Growth Rate (CAGR) | 4.80% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Nature, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Unilever PLC, Allergan PLC, L'Oreal S. A, The Estee Lauder Companies Inc, Lotus Herbals Pvt. Ltd, The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited, The Face Shop Co. Lid, PhotoMedex Inc. |
| Key Market Opportunities | Integration of novel digital technologies |
| Key Market Dynamics | Consumers are becoming more aware of age-related skin problems |
Anti Aging Cosmetics Products Market Highlights:
Frequently Asked Questions (FAQ) :
The anti-aging cosmetics products market size was valued at USD 42.9 Billion in 2023.
The market is projected to grow at a CAGR of 5.50% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are The Estee Lauder Companies Inc, Lotus Herbals Pvt. Ltd, The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited.
The conventional category dominated the market in 2022.
The store based had the largest share of the market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
