According to the latest report by IMARC Group, titled “Global Anti-Aging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global anti-aging market reached a value of US$ 58.5 Billion in 2020. Looking forward, IMARC Group expects the global market to reach a value of US$ 88.30 Billion by 2026, exhibiting a CAGR of 7.10% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Aging is brought about by a cycle of various biochemical processes in the body that affect it, both internally and externally. Anti-aging products are designed to reduce or diminish the effects of aging and include powdered supplements, skin creams, and facial masks.
Global Anti-Aging Market Trend:
The market has experienced several technological innovations over the past several years. Efforts have been made to enhance the efficacy and safety of the anti-aging products and procedures. Furthermore, manufacturers have been focussing on aggressive marketing strategies, and brand and product endorsements by celebrities, which are also playing a crucial role in influencing consumers and driving the growth of the anti-aging industry.
Market Drivers/Constraints:
As a result of advancement in the field of medicine, the average life-span of an individual has increased as compared to the earlier times. This has led to a rise in the population of people aged 50 years and above, which is significantly contributing to the demand for anti-aging products.
With increasing focus on physical appearances, both young and old consumers are seeking out anti-aging and preventive skin and hair care solutions. This trend, coupled with the rising consumer base for quick and effective anti-aging solutions, has boosted the demand for various anti-aging products.
Due to technological developments, and introduction of safer and more effective anti-aging cosmetics in the market, the consumer-base of these products has rapidly expanded, thereby facilitating the market growth.
The market is restrained by factors such as high costs of research and development, and manufacturing, strict regulations for manufacturers and the presence of counterfeit products.
Global Anti-Aging Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global anti-aging market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Allergan
- L’Oréal
- Beiersdorf
- Estee Lauder
- Procter & Gamble
- Shiseido
- Unilever
Key Market Segmentation:
The report has segmented the global anti-aging market on the basis of demography, industry, product types, devices and technology and country.
Breakup by Demography:
- Age Group
- Gender
- Income
Breakup by Industry:
- Skin Care Industry
- Hair Care Industry
- Dental Care Industry
Breakup by Product Types:
- Anti-Wrinkle Products
- Anti-Pigmentation Products
- Sunscreen Products
- Hair Care Products
Breakup by Devices and Technology:
- Microdermabrasion Devices
- Aesthetic Energy Devices
- Competitive Landscape
Breakup by Country:
- France
- Germany
- Italy
- United Kingdom
- Russia
- Spain
- United States
- Brazil
- Japan
- South Korea
- China
- Thailand
- India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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