Press release
Global Anti-Aging Market Projected to Grow at 8.1% CAGR, Reaching $85.6 Billion by 2029
Anti-Aging Market
What Will the Anti-Aging Industry Market Size Be by 2025?
In recent times, the anti-aging market has witnessed significant growth. The market will expand from $58.49 billion in 2024 to $62.63 billion in 2025, projecting a compound annual growth rate (CAGR) of 7.1%. This historic growth has been driven by several factors such as the rise in the aging population, increased consumer knowledge about anti-aging products, an uptick in disposable income and consumer spending on beauty and wellness, growth of the skincare and cosmetic industry, and demographic shifts.
What's the Long-Term Growth Forecast for the Anti-Aging Market Size Through 2029?
Significant expansion is projected for the anti-aging market in the forthcoming years, with expectations that it will rise to a value of $85.6 billion in 2029 at an 8.1% compound annual growth rate (CAGR). Contributing factors to this projected growth within the forecast period include the surging demand for non-invasive solutions, increasing interest in organic and natural products, escalating demand for clinically-proven solutions, increased disposable income and healthcare expenditure, as well as heightened understanding and acceptance of anti-aging products and services. Future market trends that are anticipated during the forecast period include advancements in the fields of medical and cosmetic technologies, the creation of nutraceuticals and functional foods, the integration of beauty and wellness trends, and the emergence of online beauty platforms and virtual consultations.
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What Are the Key Growth Drivers Fueling the Anti-Aging Market Expansion?
The surge in the need for beauty products is a significant factor behind the expansion of the anti-aging market. Anti-aging cosmetics, a branch of cosmetics, are used to counter the impacts of aging and wrinkles on human skin. These cosmetics, when used through treatments or post-treatments, intensify the outcomes of anti-aging procedures. For instance, Exploding Topics, an internet publication based in the US, forecasts that the revenues of the beauty industry will surpass $120 billion by 2025. Therefore, the escalating demand for beauty products is likely to drive the growth of the anti-aging market in the future.
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What Are the Key Trends Driving Anti-Aging Market Growth?
Technological advancements are modernizing the anti-aging industry. Key players in this area are focusing on innovative technological solutions to satisfy customer needs and fortify their standing. In September 2023, as an illustration, BASF SE, a chemical corporation headquartered in Germany, introduced a new sunscreen component, TinomaxTM CC. This fresh, natural-based particle for skin and sun care formulas boosts UV protection through enhanced SPF and UVA performances while offering a tangible experience with reduced stickiness and oily feeling. This constituent, derived 100% from natural sources, contributes to sustainability targets by enriching the ecotoxicological feature of formulas, which resonates with the increasing call for versatile, eco-friendly goods in the sun care sector.
How Is the Anti-Aging Market Segmented?
The anti-aging market covered in this report is segmented -
1) By Product Type: UV Absorbers, Anti-Wrinkle Products, Dermal Fillers, Botox, Anti-Stretch Mark Products
2) By Treatment: Hair Restoration, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel, Other Treatments
3) By Demographic: Generation X, Baby Boomers, Generation Y, Generation Z
4) By Application: Anti-Wrinkle Treatment, Anti-Pigmentation, Skin Resurfacing, Other Applications
5) By End-User: Hospitals, Clinics, Home Healthcare
Subsegments:
1) By UV Absorbers: Chemical UV Filters, Physical UV Filters, Sunscreen Formulations
2) By Anti-Wrinkle Products: Creams And Serums, Eye Care Products, Retinoids
3) By Dermal Fillers: Hyaluronic Acid Fillers, Calcium Hydroxylapatite Fillers, Poly-L-lactic Acid Fillers
4) By Botox: Botox Cosmetic, Dysport, Xeomin
5) By Anti-Stretch Mark Products: Creams And Lotions, Oils, Treatments With Active Ingredients
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Which Companies Are Leading the Charge in Anti-Aging Market Innovation?
Major companies operating in the anti-aging market include L'Oréal SA, Beiersdorf AG, Estee Lauder Companies Inc., Procter & Gamble Company, Shiseido Co. Ltd., Unilever plc, Lumenis Ltd., Home Skinovations Ltd., Nu Skin Enterprises Inc., Koninklijke Philips NV, Alma Lasers Ltd., PhotoMedex Inc., Candela Corporation, Hologic Inc., Pierre Fabre SA, Galderma SA, Abbvie Inc., Bausch & Lomb Incorporated, Merck KGaA, Johnson & Johnson Services Inc., ZO Skin Health Inc., Clarins Group, Revlon Inc., Soko Glam Inc., Avon Products Inc., Lancôme Parfums et Beauté & Cie SA, Clinique Laboratories LLC, Elizabeth Arden Inc., Natura Bissé International S. A.
Which Regions Are Leading the Global Anti-Aging Market in Revenue?
North America was the largest region in the anti-aging market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anti-aging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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