Anti-ageing market expects the market to reach US$132.1 Billion by 2032 Products, Services and Devices Market Booming Worldwide With Leading Key Players -Solta Medical, Photomedex, Personal Microderm, L' Oreal, Cynosure, Coty, Beiersdorf, Alma Lasers, Lum

The global anti-aging market size reached US$ 72.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$132.1 Billion by 2032, exhibiting a growth rate (CAGR) of 12.74% during 2022-2032

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Leading players of Anti-ageing Products, Services and Devices including:

Solta Medical, Photomedex, Personal Microderm, L' Oreal, Cynosure, Coty, Beiersdorf, Alma Lasers, Lumenis, Allergan

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Breakup by Demography:

Age Group

On the basis of age group, the market has been segmented into the age group of 25-35 years, 35-55 years, and 55 and above. Currently, consumers in the age group of 35-55 years lead the global anti-aging market, holding more than a half of the total global market.

Gender

Based on gender, the market has been segregated as males and females. Amongst these, females dominate the market.

Income

On the basis of income, high-income group represents the leading segment as consumers in this segment can easily afford anti-aging cosmetic procedures. Other income groups include low- and middle-income.

Breakup by Industry:

Based on industry, the skin-care industry accounts for the largest share since the consumers are focussing more on the appearance of their skin.

Breakup by Product Type:

On the basis of product type, the report finds that sunscreen products are the most popular segment as they prevent the skin from premature wrinkling and discoloration, and also protect it from the harmful UV rays.

Breakup by Device and Technology:

Based on device and technology, the market has been divided into microdermabrasion and aesthetic energy devices. Amongst these, microdermabrasion devices are the leading segment, accounting for the majority of the market share.

Regional Insights:

Country-wise, France has the largest anti-aging market owing to the high standards of living and consumption of premium anti-aging products by the consumers. Other major countries include Germany, Italy, United Kingdom, Russia, Spain, United States, Brazil, Japan, South Korea, China, Thailand and India.

Competitive Landscape:

The competitive structure of the market has also been examined with some of the key players being:

Allergan
L'Oréal
Beiersdorf
Estee Lauder
Procter & Gamble
Shiseido
Unilever

This report provides a deep insight into the global anti-aging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the anti-aging industry in any manner.

As a result of these issues, the Anti-ageing Products, Services and Devices industry has been hampered. Because of the industry's small number of important enterprises, the Anti-ageing Products, Services and Devices area is heavily targeted. Customers would benefit from this research since they would be informed about the current Anti-ageing Products, Services and Devices scenario. The most recent innovations, product news, product variants, and in-depth updates from industry specialists who have effectively leveraged Anti-ageing Products, Services and Devices position are all included in this research study. Many firms would benefit from Anti-ageing Products, Services and Devices research study in identifying and expanding their global demand. Micro and macro trends, important developments, and their usage and penetration across a wide variety of end-users are also included in the Anti-ageing Products, Services and Devices segment.

The market analysis done with statistical tools also helps to analyze many aspects that include the demand, supply, storage costs, maintenance, profit, sales, and production details of the market. Furthermore, the global Anti-ageing Products, Services and Devices research report provides the details about the Anti-ageing Products, Services and Devices share, import volume, export volume, and the gross margin of the companies.

Anti-ageing Products, Services and Devices Segmentation by Type:

UV Absorbers, Anti-wrinkle Products, Dermal Fillers, Botox, Anti-stretch Mark Products, Hair Colour.

Anti-ageing Products, Services and Devices Segmentation by Application:

Baby Boomers, Generation X, Generation Y

Anti-ageing Products, Services and Devices report answers some key questions:

What is the expected growth of global Anti-ageing Products, Services and Devices after covid-19 vaccine or treatment is found?
• What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric, and collaborative in the global Anti-ageing Products, Services and Devices?
• Which specific sectors are expected to drive growth in the global Anti-ageing Products, Services and Devices?
• What are key government policies and interventions implemented by leading global Anti-ageing Products, Services and Devices countries to help further adoption or growth of Anti-ageing Products, Services and Devices .
• How have the market players or the leading global Anti-ageing Products, Services and Devices firms have addressed the challenges faced during the pandemic?
• What growth opportunities the global Anti-ageing Products, Services and Devices offers?

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Strengthening Distribution Channels in Anti-aging Market
The increasing sales of anti-aging products through various distribution channels is driving the growth of the market. The rising number of online stores, pharmacies, and other stores boost the sales of anti-aging products. Manufacturing companies in the global anti-aging market are focusing on fulfilling the rising demand from consumers by providing herbal and organic products. The global anti-aging market is driven by the rising competition between the local and international brands. Companies in the anti-aging market are developing innovative products to fulfil demands of consumers. Manufacturers are increasing the availability for an innovative range of products. Various ongoing research activities in manufacturing the product that does not harm your skin is driving the market. The increasing awareness of some of the harmful ingredients used for manufacturing of anti-aging products is expected to drive the global anti-aging market during the forecast period.

TRise in Awareness among Consumers about Age-related Skin Problems: Key Driver
Rise in awareness among consumers about age-related skin problems such as fine lines, wrinkles, and dullness of skin, and increase in propensity to spend on products that help them to preserve skin youthfulness are expected to drive the global market during the forecast period
The COVID-19 outbreak has hampered demand for cosmetics, including anti-aging products, globally. Primarily, countries such as the U.S., India, Brazil, Russia, and the U.K., which are some of the most adversely affected, have witnessed significant decline in sales.
Aging is a physiological change. However, extrinsic factors, including air pollution, alcohol consumptions, and exposure to UV rays are considered to have a detrimental effect on skin cell contribution to premature aging. Anti-aging creams and lotions play a vital role in an individual's life by supporting in the preservation of a youthful glow and miniaturization. According to a survey by Real Self, around 62% people in the U.S. used anti-aging products in 2020 as a part of their daily skincare routine.
China is one of the major countries contributing to the growth of the global anti-aging market in terms of consumption as well as production, including anti-aging, skin lightening, and sun care. According to the seventh population census in China in 2020, about 40.08% of the population is aged between 30 and 54. The presence of the large young population is anticipated to drive the demand for anti-aging products in the country.
Rise in Online Stores and Digitalization Present Lucrative Opportunities
The trend of online stores has also driven the market by providing a cost-effective, time bound, quick response mode of sale and distribution channel to manufacturers. Additionally, e-commerce provides an efficient tool for companies to monitor and study consumer behavior, thereby helping them to design targeted marketing and advertising strategies. This has challenged supermarkets and hypermarkets, as customers increasingly prefer the convenience of not visiting a store. The trend has been further supported by growing Internet penetration and entry of new retailers (Amazon, etc.) in e-commerce.
The number of Internet users has grown exponentially across the globe. Encouraged by the rise in number of people active over the Internet, companies such as Unilever and Procter & Gamble have tied up with online trading companies to leverage the benefits of e-commerce and expand revenue and profit margins. These companies focus on online advertisement to gain attention of consumers.
Online stores are supported by the ever-increasing base of customers with affinity toward technology oriented products and services, rise in disposable income, and surge in consumer awareness about anti-wrinkle products and services
Increase in the buying power of consumers will attract them to buy branded products. Due to advertising and changing lifestyles, consumers are moving toward high quality products. Increase in consumer spending power presents a major opportunity in the anti-aging market in Asia Pacific.
High Cost of Raw Materials Hamper Market Growth
Raw materials used in the manufacture of anti-wrinkle products include natural ingredients such as hyaluronic acids. According to a published news article, the cost of goods sold, which includes packaging and raw materials, has increased.
Additionally, the primary ingredient used for packaging i.e., plastic, has a significant impact on the overall product cost. According to the same study, technologically and scientifically advanced ingredients such as synthetics, UV agents, fatty acids, SPF ingredients, and essential oils have witnessed an increase in prices.
Prices of natural ingredients such as Quillaja saponaria, Acacia concinna or Sapindus, honey, jojoba, and algae have increased due to transportation costs and higher processing cost. Surge in demand and shortage of these natural ingredients have also pushed prices up.
Rise in prices has induced manufacturers to decrease profit margins and increase product prices. This is one of the major factors hampering the growth of the global anti-aging market. However, this is a temporary phase and is expected to be overcome in the near future. To avoid such manufacturing cost concerns, most companies plan to open subsidiaries for raw material supply. Hence, the impact of this restraint is expected to be moderate during the forecast period.
Anti-aging Market: Competition Landscape
This report profiles major players in the global anti-aging market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global anti-aging market is highly fragmented with the presence of a number of international as well as regional players
Leading players operating in the global anti-aging market are
Procter & Gamble Co.
Johnson & Johnson
Unilever plc
Shiseido Company, Limited
ZO Skin Health, Inc.
L'Oréal Paris
The Estée Lauder Companies, Inc.
Beiersdorf
PHYTOMER, among others
Anti-aging Market: Key Developments
Key players in the global anti-aging market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global anti-aging market. A few expansion strategies adopted by players operating in the global anti-aging market are:
In December 2019, Estee Lauder Companies, Inc. acquired Have & Be Co. Ltd, a Seoul-based global skincare company that brands Dr. Jart+ and men's grooming products named Do The Right Thing
In September 2018, Syneron Medical Ltd. acquired Ellipse AS, a company that manufactures and markets laser-based and intense pulse light (IPL) platforms for different types of medical and aesthetic skin treatments
The report on the global anti-aging market discussed individual strategies, followed by company profiles of manufacturers of anti-aging products. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global anti-aging market.

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Rising Demand for the Anti-stretch Mark and Anti-wrinkle Products to Drive the Market Growth

Stretch marks are generated when the skin stretches or shrinks quickly. The sudden changes lead in collagen and elastin to split which supports the skin. The growing demand for anti-stretch mark products is owing to the increasing rate of obesity, particularly among the aging population. Further, the growing inclination of major key players on the launch of advanced devices and products for the treatment of stretch marks are anticipated to fuel the growth of the market in the years to come. On the other hand, the anti-wrinkle products are also anticipated to witness a notable growth rate owing to the growing awareness regarding the availability of products and the increasing older population. Thus, owing to the aforementioned factors, the market is expected to grow significantly over the forecast period.

Growing Emphasis on Promotional Strategies to Stimulate Market Growth

Owing to the presence of many competitors in the Global Anti Aging Market, competition has increased, resulting in the use of enhanced marketing and promotion techniques. The main aim of marketing and promotions is to create an image in the mind of potential consumers and reach many consumers to increase the customer base. Each company is working toward capturing more market share and attracting customers to its brand. Also, the advancements in technology, as well as huge investments in research and development activities, have led to the introduction of new anti-aging treatments and products, such as plastic surgeries, breast implants, botulinum toxin injection therapies, etc. which offer long-term results. Strict rules and regulations have encouraged the manufacturers to introduce safer and more efficient anti-aging products which provide quick results to the consumers, in turn, increasing the growth prospects of the market.

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