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. A new research report by IMARC Group, titled “Anti-Aging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market was worth US$ 50.2 Billion in 2018. The report further anticipates the market to reach a value of US$ 79.5 Billion by 2024, at a projected CAGR of 7.98% over the forecast period.
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Global Anti-Aging Market Scenario:
Rising geriatric population is the key factor driving the market growth. This, coupled with aging anxiety, concerns about changes in facial appearance, and indomitable urge to look younger has led the middle-aged population to opt for anti-aging products. With anti-aging products and services becoming an integral part of personal well-being, manufacturers are now introducing products that focus on the overall development of skin cells, thus retaining the youthful appearance. Furthermore, anti-aging skin products help in protecting the skin from UV rays and other environmental and metabolic oxidizing conditions, which is a compelling reason for their rapid popularity. Besides this, manufacturers have also been adopting better marketing strategies and product endorsements by celebrities, which is playing a decisive role in influencing consumers, thus further driving the market growth.
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Anti-Aging Market Segmentation:
Breakup by Demography:
Age GroupGenderIncome
Breakup by Industry:
Skin Care IndustryHair Care IndustryDental Care IndustryOthers
Breakup by Product Type:
Anti-Wrinkle ProductsAnti-Wrinkle CreamBotulinum Toxin A InjectionsDermal FillersAnti-Pigmentation ProductsAnti-Pigmentation CreamsChemical PeelsSunscreen ProductsHair Care ProductsAnti- Hair fall ProductsHair Gain Products
Breakup by Device and Technology
Microdermabrasion DevicesAesthetic Energy DevicesLaser DevicesIntense Pulsed Light DevicesRadio Frequency DevicesUltrasound Devices
Breakup by Country:
FranceGermanyItalyUnited KingdomRussiaSpainUnited StatesBrazilJapanSouth KoreaChinaThailandIndia
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Competitive Landscape
The report has also examined the competitive landscape of global anti-aging market. Some of the major players in the market are Allergan, L’Oréal, Beiersdorf, Estee Lauder, Procter & Gamble, Shiseido, Unilever, etc.
Key highlights of the report:
Market PerformanceMarket OutlookPorter’s Five Forces AnalysisMarket Drivers and Success FactorsSWOT AnalysisValue ChainCompetitive StructureProfiles of Key Players
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