Global Anti-Aging Market 2022 – 2030

The size of the global anti-aging market was worth around USD 60 billion in 2021 and is predicted to grow to around USD 120 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2030. The report analyses the anti-aging market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global anti-aging market.

Anti-Aging Market: Overview Anti-aging creams are primarily moisture-based cosmeceutical skin care products, sold with the promise of making consumers look younger by reducing, masking, or preventing signs of aging. For decades, health professionals and beauticians have sought to restore a youthful appearance and find answers to age-related problems. In the anti-aging market, various products and services are constantly being introduced to regain a youthful appearance. Technological advances have brought about new types of anti-aging products, devices and services that are contributing to market growth. The increase in the life expectancy of individuals has led to the emergence of an elderly population. Increasing people's cosmetology awareness is contributing to the growth of this huge industry, which deals with the different types of problems people may have regarding their appearance. New innovations have introduced safer and more efficient services and are gaining great popularity. 

COVID – 19 Impact Analysis The outbreak of COVID-19 has reduced market demand for cosmetics, including anti-aging products, around the world. Most notably, sales fell sharply in one of the hardest-hit countries, such as the US, India, Brazil, Russia and the UK. Many manufacturers on the market rely on China for the raw materials traditionally used to make finished products and various types of skin care cosmetics, which has disrupted the manufacture and distribution of these products.

 Growth Drivers Consumer awareness of age-related skin problems such as fine lines, wrinkles and dullness, and increased willingness to invest in new products that help maintain skin youth will drive the global market during the forecast period. In the anti-aging market, various products and services are constantly being introduced to regain a youthful appearance. Botulinum toxin injection therapy, breast augmentation surgery, plastic surgery and other anti-aging treatments and products have been introduced as a result of technological advances and significant investment in research and development. Moreover, Manufacturers in the global anti-aging market are focused on meeting growing consumer demand by offering herbal and organic products. The global anti-aging market is driven by intensifying competition between domestic and international brands. Companies in the anti-aging market are developing innovative products to meet consumer demand. Skincare manufacturers are increasing the availability of innovative products. The anti-aging market is driven not only by the aging population but also by the younger population, who care for the skin, body and hair after middle age, especially to slow down the appearance aging process. The majority of young people are experiencing significant environmental changes and busy lifestyles, which leads to an increase in many problems and needs to raise awareness of their beauty, health and appearance. As a result, the aging population is one of the major drivers of the anti-aging market.

Consumers are more likely to take care of their skin due to the increasing number of skin problems caused by pollution, unhealthy eating and drinking. People's growing desire to look young and healthy is a factor driving the demand for a variety of anti-aging products such as creams, lotions and gels. Many people reduce pigmentation and damage caused by various skin care treatments, and cosmetological treatments to improve the skin, and appearance. 

Segmentation Analysis The Face Cream & Lotion segment constitutes the largest share in 2020 and is anticipated to maintain its lead over the forecast period. These are specially formulated products that help the skin of the face retain moisture, firmness, and elasticity and prevent wrinkles and lines. So far, people are very worried about the appearance of their faces and are not afraid to spend tremendously on such products, which is a key element of this segment. By distribution channel, the market is segmented into hypermarkets & supermarkets, and specialty stores. The hypermarket and supermarket segment accounted for the largest share in 2020. The segment is projected to maintain its lead throughout the forecast period owing to the high consumer inclination toward purchasing skincare products from supermarkets and hypermarkets as these places enjoy high customer preferences owing to the convenience offered and high variety of products in a single place.

Report Scope

Key Insights:

• As per the analysis shared by our research analyst, the anti-aging market size stood at 60 billion is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2022-2030).
• In terms of revenue, the anti-aging market size was valued at around USD 60 billion in 2021 and is projected to reach USD 120 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on product segmentation, the facial cream & lotion was predicted to show maximum market share in the year 2021.
• On the basis of region, the “Asia Pacific” region was the leading revenue generator in 2021.
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Regional Landscape The APAC region recorded the largest share of the anti-aging market in 2021. Increased consumption of skin care products and cosmetics in emerging countries including South Korea, Japan, and India is expected to have a positive impact on market growth due to growing concerns about acne, sunburn, melanoma, the harmful effects of UV rays and pollutants. Early signs of skin aging have become a common concern among consumers in the region and are expected to boost demand. China is one of the leading countries contributing to the growth of the global anti-aging market in terms of consumption and production such as anti-aging, whitening and sun care. According to China's 7th Census in 2020, about 41% of the population is between the ages of 30 and 54. The presence of a largely young and millennial population is expected to boost the demand for anti-aging products in the country.

Competitive Landscape The study includes an in-depth competitive analysis of these key players in anti-aging with their company profiles, recent developments, and key market strategies. The global anti-aging market is segmented as follows: 

By Product

• Facial Cream & Lotion
• Eye Cream & Lotion
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By Target Group

• Men
• Women
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By Ingredient

• Retinoid
• Hyaluronic Acids
• Alpha Hydroxy Acids
• Others
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By Distribution Channel

• Hypermarket & Supermarket
• Specialty Store
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On the basis of Geography

North America

• The U.S.
• Canada
• Mexico
•  

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe
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Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
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The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa
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Latin America

• Brazil
• Argentina
• Rest of Latin America