Aging is brought about by a cycle of various biochemical processes in the body that affect it, both internally and externally. Anti-aging products are designed to reduce or diminish the effects of aging and include powdered supplements, skin creams, and facial masks. A new research report by IMARC Group, titled “Anti-Aging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market was worth US$ 50.2 Billion in 2018. The report further anticipates the market to reach a value of US$ 79.5 Billion by 2024, at a projected CAGR of 7.98% over the forecast period.
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Global Anti-Aging Market Scenario:
Rising geriatric population is the key factor driving the market growth. This, coupled with aging anxiety, concerns about changes in facial appearance, and indomitable urge to look younger has led the middle-aged population to opt for anti-aging products. With anti-aging products and services becoming an integral part of personal well-being, manufacturers are now introducing products that focus on the overall development of skin cells, thus retaining the youthful appearance. Furthermore, anti-aging skin products help in protecting the skin from UV rays and other environmental and metabolic oxidizing conditions, which is a compelling reason for their rapid popularity. Besides this, manufacturers have also been adopting better marketing strategies and product endorsements by celebrities, which is playing a decisive role in influencing consumers, thus further driving the market growth.
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Anti-Aging Market Segmentation:
Breakup by Demography:
Age Group
Gender
Income
Breakup by Industry:
Skin Care Industry
Hair Care Industry
Dental Care Industry
Others
Breakup by Product Type:
Anti-Wrinkle Products
Anti-Wrinkle Cream
Botulinum Toxin A Injections
Dermal Fillers
Anti-Pigmentation Products
Anti-Pigmentation Creams
Chemical Peels
Sunscreen Products
Hair Care Products
Anti- Hair fall Products
Hair Gain Products
Breakup by Device and Technology
Microdermabrasion Devices
Aesthetic Energy Devices
Laser Devices
Intense Pulsed Light Devices
Radio Frequency Devices
Ultrasound Devices
Breakup by Country:
France
Germany
Italy
United Kingdom
Russia
Spain
United States
Brazil
Japan
South Korea
China
Thailand
India
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Competitive Landscape
The report has also examined the competitive landscape of global anti-aging market. Some of the major players in the market are Allergan, L’Oréal, Beiersdorf, Estee Lauder, Procter & Gamble, Shiseido, Unilever, etc.
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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