Sheridan, Wyoming, USA, Feb 18, 2020 (Wired Release) – IMARC Group – According to the IMARC Group, the global anti-aging market reached a value of US$ 50.2 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 79.5 Billion by 2024, exhibiting a CAGR of around 7.98% over the forecast period. Products that aid in controlling the signs of aging are referred to as anti-aging products. Some of the most common signs of aging include age spots, lines and wrinkles, dull skin tone, hair fall, dry mouth, receding gums, and changes in hair color. Physical appearance is perceived as a key determinant of an individual’s personality. This has resulted in a growing consciousness among people about their appearance who put efforts to enhance the same. Anti-aging products help individuals fight the degeneration of cells that takes place dues to the process of aging, with manufacturers coming up with new products aimed at the overall enhancement of physical appearance.
Anti-Aging Market Trends:
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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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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Hair Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
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
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