Anti-Ageing Cosmetics Products Market Highlights
Anti-Ageing Cosmetics Products Market Size was valued at USD 42.9 Billion in 2022. The anti-ageing cosmetics products market industry is projected to grow from USD 45.2 Billion in 2023 to USD 69.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023–2032)
The Anti-Aging Cosmetics Products Market encompasses a range of skincare and beauty products formulated to address signs of aging, such as wrinkles, fine lines, and uneven skin tone. These products aim to rejuvenate the skin’s appearance and texture, often containing ingredients like antioxidants, peptides, and retinol, targeting a consumer base seeking youthful skin enhancements. The market’s growth is driven by increasing beauty consciousness and advancements in skincare technology.
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Segment Analysis
The global Anti-Ageing Cosmetics Products market has been segmented based on Product Type, Nature and Distribution Channel.
On the basis of Product Type, the market is segmented into skincare, haircare and others. Over the forecast period, the skincare category is expected to grow at the fastest rate. People of all ages are becoming anxious as a result of factors like growing awareness of the multiple signs of ageing, including wrinkles, red spots, dullness, diminished plumpness, and discoloration, among others.
Based on Nature, the global Anti-Ageing Cosmetics Products market has been segmented into natural and conventional. The traditional category dominated the market in 2022. Additionally, it has contributed to the expansion of the market.
Based on Distribution Channel, the global Anti-Ageing Cosmetics Products market has been segmented into store based and non-store based. The store-based category will account for the greatest share of the market in 2022. The store-based segments include supermarkets and hypermarkets. A substantial market share was held by the sector of supermarkets and hypermarkets.
MRFR recognizes the following companies as the key players in the global Anti-Ageing Cosmetics Products market — Unilever PLC, Allergan PLC, L’Oreal S. A, The Estee Lauder Companies Inc, Lotus Herbals Pvt. Ltd, The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited, The Face Shop Co. Lid, and PhotoMedex Inc.
Regional Analysis
The global Anti-Ageing Cosmetics Products market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Anti-Ageing Cosmetics Products market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Anti-Ageing Cosmetics Products market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Anti-Ageing Cosmetics Products market comprises of Middle East, Africa, and Latin America.
The North American Anti-Ageing Cosmetics Products Market dominated this market in 2022 due to the increased accessibility of established infrastructure. The presence of more important market players and rising anti-aging product usage will probably promote market growth in this sector.
Additionally, Due to rising consumer interest in natural cosmetics and the desire of cosmetics businesses to replace synthetic ingredients with organic ones, Europe holds the second-largest market share for anti-aging cosmetics products. Additionally, the UK’s anti-aging cosmetics market grew the fastest in the European region, while the German anti-aging cosmetics industry had the greatest market share.
Moreover, From 2023 to 2032, the Anti-Aging Cosmetics Products Market in Asia-Pacific is anticipated to see the quickest CAGR. Growing worries about acne, sunburns, melanoma, and the damaging impacts of UV radiation and pollution are anticipated to have a favourable impact on market expansion. In addition, the Indian anti-ageing cosmetics products market had the quickest rate of growth in the Asia-Pacific region, while China’s anti-ageing cosmetics products market had the biggest market share.
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Key Findings of the Study
- The global Anti-Ageing Cosmetics Products market is expected to reach USD 69.4 Billion by 2032, at a CAGR of 5.50% during the forecast period.
- The North American Anti-Ageing Cosmetics Products Market dominated this market in 2022 due to the increased accessibility of established infrastructure. The presence of more important market players and rising anti-aging product usage will probably promote market growth in this sector.
- Based on Nature, The traditional category dominated the market in 2022.
- Unilever PLC, Allergan PLC, L’Oreal S. A, The Estee Lauder Companies Inc, Lotus Herbals Pvt. Ltd, The Himalaya Drug Company, The Procter & Gamble Company, Kaya Limited, The Face Shop Co. Lid, and PhotoMedex Inc.
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