The global anti-aging market is projected to reach $78.2 billion by 2028, at a CAGR of 5.4% during 2023-2028. The growth of anti-aging market is driven by the growing aging population and increasing awareness about the advantages of using anti-aging products. Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the anti-aging market by product (anti-wrinkle, anti-stretch mark, nourishment, anti-pigmentation, and acne, hair care, sun care products, herbal products, and others) by application (skin care and hair care), age (baby boomers, generation X, and generation Y), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the anti-aging market?
Q.4 What are some changing demands of customers in the anti-aging market?
Q.5 What are the new developments in the anti-aging market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this anti-aging area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this anti-aging market?
Emerging trends, which have a direct impact on the dynamics of the industry, include integration of alphabetic formulation in anti-aging products, increasing usage of multifunctioning anti-aging products, and rising demand for natural and organic ingredients in anti-aging products.
Market Segmentation:
Based on product, the anti-aging market is segmented into anti-wrinkle, anti-stretch mark, nourishment, anti-pigmentation, and acne, hair care, sun care products, herbal products, and others. The anti-wrinkle segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing aging population, Increasing Awareness of Consumer Appearance and Proactive Consumers.
North America is expected to remain the largest market over the forecast period due to growing geriatric population and acceptance of advanced and innovative products and APAC witness the highest growth over the forecast period due to rapid growth in the aging population base and increasing awareness regarding signs of aging coupled with an increasing spending capacity in this region.
Key Players in the anti-aging market are L’Oréal SA, Procter & Gamble, Estee Lauder Companies Inc., Unilever PLC, and Allergen PLC
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