Anti-Aging Products Industry Projected to be Worth $83.2 Billion by 2027 - Key Trends, Opportunities and Players
Dublin, July 24, 2020 (GLOBE NEWSWIRE) -- The "Anti-Aging Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 16th edition of the report. The 752-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Anti-Aging Products Market to Reach US$83.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Anti-Aging Products estimated at US$52.5 Billion in the year 2020, is projected to reach a revised size of US$83.2 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027.
Sunscreen Products, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$35.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anti-Wrinkle Products segment is readjusted to a revised 6.4% CAGR for the next 7-year period. This segment currently accounts for a 24.8% share of the global Anti-Aging Products market.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 10.4% CAGR for the Period of 2020-2027
The Anti-Aging Products market in the U.S. is estimated at US$14.2 Billion in the year 2020. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$18.4 Billion in the year 2027 trailing a CAGR of 10.5% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$18.4 Billion by the year 2027.
Anti-Pigmentation Products Segment Corners a 19.8% Share in 2020
In the global Anti-Pigmentation Products segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.8 Billion in the year 2020 will reach a projected size of US$11.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.3 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Anti-Aging Products: Enabling Healthy, Better, and Longer Living
Recent Market Activity
Growth Drivers in a Nutshell
Trends in a Nutshell
Challenges in a Nutshell
Global Market Outlook
Developed Markets: Traditional Revenue Contributors
Developing Countries Continue to Offer Significant Growth Opportunities
Stable Economic Scenario Lends Momentum for Market Growth
Global Competitor Market Shares
Anti-Aging Products Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Allergan PLC (Ireland)
ARK Skincare (UK)
Avon Products Inc. (UK)
Bayer AG (Germany)
Beiersdorf AG (Germany)
Biomod Concepts, Inc. (Canada)
Chanel SA (France)
Christian Dior SA (France)
Clarins (France)
Ella Bache (France)
Estee Lauder Inc. (USA)
Clinique Laboratories, LLC (USA)
Henkel KGaA (Germany)
Jan Marini Skin Research Inc. (USA)
Johnson & Johnson (USA)
NeoStrata Company, Inc. (USA)
Neutrogena Corporation (USA)
L'Oreal SA (France)
LR Health & Beauty Systems (Greece)
Merck KGaA (Germany)
Pfizer Inc. (USA)
Procter & Gamble (USA)
Revlon Inc. (USA)
Elizabeth Arden Inc. (USA)
Shiseido Co. Ltd. (Japan)
Unilever PLC (UK)
Valeant Pharmaceuticals International (Canada)
3. MARKET TRENDS & DRIVERS
The Urgent Need to Foster Better Health and Well-Being of the Expanding Aging Population: The Fundamental Growth Driver
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Surging Demand for Cosmeceuticals Drive Healthy Market Growth
Anti-Aging Skin Care Products: Breeding the Hope of Timeless Beauty
Formulated Anti-Aging Products Drive the Concept of Cosmeceuticals
Face Care Cosmeceuticals: Largest and Most Dynamic Anti-Aging Segment
Body Care Cosmeceuticals: Niche Yet Growing
Anti-Aging Cosmeceutical Consumer is Highly Informed and Aesthetically-Conscious
The Clampdown on Regulatory Controls
Growing Prominence of Non-Invasive Cosmetic Treatments Benefits Market Expansion
Botulinum Toxin: The Preferred Solution in Facial Injectables Market
Silicones: Another Convenient Alternative to Surgical Procedures
Growing Popularity of Anti-Pollution Skincare Bodes Well for Market Adoption
Anti-Aging Remains Major Growth Engine for the Personal Care Market
Factors Driving Innovations in Personal Care
At-home Skin Care and Beauty Products and Devices Gain Demand
Popularity of Social Media Networks Drives the Personal Care Industry
Increasing Consumer Interest in Natural Ingredients Drive Strong Demand for Natural and Organic Anti-Aging Products
Natural Ingredients Offer the Unique Selling Point for Leading Brands
Select Natural Ingredients Used in Anti-Aging Products
Tripeptide Rules Anti-Aging Market
Researchers and Beauty Companies Focus on Developing New Organic Cosmetics
Emollients Market to Gain
Sustainability Emerges as a Buzzword in Cosmetic Chemicals Market
Need for Multifunctional Products Drive Demand for Feature-Rich Premium Anti-Aging Products
Premium Anti-Aging Products Raises the Bar on Price Sensitivity
Physiological Differences Entail Need for Male Specific Anti-Aging Products
Men Move to Mass Market Searching Better Skin
A New Breed Called "Metrosexuals" Spur Growth
The Younger Generation Offers Huge Untapped Market Potential
The Charm of Youth Beckons Younger Consumers
Herbs & Vitamins: Redefining the Aging Process
Anti-Aging Vitamins and Supplements for Keeping the Dreaded Signs of Aging at Bay
Vitamins: The Dominant Ingredient in Anti-Aging Products
Key Factors Driving Vitamins Demand in Cosmetics & Dietary Supplements
Vitamin E in Cosmetic Application: A Bright Future
Supplements & Vitamins a Day Keeps Aging Away
What the Skeptics Say?
Myriad Benefits Drive Widespread Adoption of Antioxidant-Based Anti-Aging Products
Rising Awareness of Intestinal Microflora on Skin Quality Boosts Demand for Probiotic Products
Bonicel: An Emerging Probiotic-Type for Personal Care Products
Focus on Graying Hair, Thinning Hair, and Dryness Boosts Demand for Hair Care Products with Anti-Aging Attributes
Keratin Treatment: Gaining Popularity in Hair Care
Mounting Healthcare Costs: A Blessing in Disguise for Anti-Aging Nutraceuticals
Desire for a Pain-Free and Injury-Free Old Age Spurs Demand for Dietary Supplements
Anti-Aging Potion for the Hands: A New Area to Conquer
Favorable Economic & Social Trends Strengthen Market Prospects
Women: The Dominant Consumer Group
Mid-Life Crisis Shifts Focus on Retaining Youthful Healthy and Appearance
Societal Pressure to Look Young Peps Up Demand
Rising Disposable Incomes Propel Sales
Longer Life Expectancy Bolsters Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 326
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