The global anti-aging cosmetics market size was estimated at USD 50.48 billion in 2022 and it is expected to hit around USD 90.32 billion by 2032, poised to grow at a CAGR of 5.99% during the forecast period 2023 to 2032.
To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics
Anti-aging cosmetics products are generally used the preventing aging signs on the skin. Skin aging is a natural process, and it cannot be stopped what we can do is to slow down the aging of the skin or prevent the sign of aging. The anti-aging cosmetics are used to prevent the skin from dullness, preventing wrinkles, redness, and poor texture of the skin. Anti-aging products are injectables it can be found in the form of cream, lotion, serum, vitamin tablets, oil, etc. These products are designed for preventing the effects of aging. The global anti-aging cosmetics market revolves around the production and distribution of cosmetics products that claim to hide the appearance of skin aging and to minimize the process of skin aging with multiple chemical balances of the skin.
All skin types need different types of aging treatment according to their need and aging symptoms. Increasing awareness among the population towards their skin and the appearance of how they look is significantly increasing the anti-aging cosmetics market.
The global cosmetics industry is growing rapidly owing to the rising demand for cosmetics and personal care products, subsequently promoting the growth of the anti-aging cosmetics market. The rising interest in beauty standards will significantly increase the market rapidly. The anti-aging cosmetics market is one of the leading segments in the cosmetics market. The rising awareness among people both men and women of their skin and appearance to others will end up in an increase in the demand for the anti-aging cosmetics market. The increasing disposable income and consumer interest in cosmetics will rise the market demand of the anti-aging cosmetics market.
The rising aged population in the world will also be one of the factors which will positively affect market demand. The increase in the beauty standards of society and self-consciousness among people all over the world will result in higher sales in the cosmetics industry, especially the anti-aging cosmetics market.
Anti-aging cosmetics include facial creams, lotions, serums, hair care products, etc. The ever-increasing demand for these products for the skincare routine among people will anticipate the rise in the anti-aging cosmetics market. Due to the rise in the demand for the market, the manufacturers established various manufacturing units all over the world. The anti-aging cosmetics market was highly competitive in nature due to the various brands that come to the market.
The increasing population among the countries like India, China, the United States, and Canada is having a large amount of aged population, and their need for a youthful and attractive appearance in society will result in the need for anti-aging cosmetics and these will anticipate the growth in the demand of the anti-aging cosmetics market in these regions.
| Report Coverage | Details |
| Market Size in 2023 | USD 53.5 Billion |
| Market Size by 2032 | USD 90.32 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.99% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Product, By End User, and By Distribution Channel |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Drivers:
The increasing aged population in the world would drive the anti-aging cosmetics market
The anti-aging cosmetics market is one of the largest market segments of the cosmetics industry. The increasing population in the world would result in a higher demand for the cosmetics market. The increasing geriatric population in the world and rising consumption of anti-aging products like anti-aging facial creams, serums, hair care products, and skincare products would result in higher demand in the anti-aging cosmetics market. Skin aging is caused due to two main factors one is the natural aging process. And the other one is changing environmental conditions are the main cause of early signs of skin aging.
Skin aging leads to several factors such as pigmentation, sensitivity, collagen degradation, skin infection, and problems caused to the younger skin due to pollution. All these factors lead to a higher demand for the anti-aging cosmetics products market. The growing self-consciousness for the appearance of the people especially in urban areas of the country. This would result in higher revenue sales for the anti-aging cosmetic market.
Restraints:
The production of low quality products due to higher demand
As the increasing demand for the anti-aging cosmetics market worldwide due to the rise in the geriatric population and changing environmental conditions, the market demand continues to rise rapidly. To meet the rising consumer demand for anti-aging cosmetics, many manufacturers are coming up with low quality products in the market. Such products are often available at the lower prices and chosen widely by consumers. Such products may lead to a serious skin infection, which can restrain the growth of the market by limiting the development of key players.
Opportunities:
Rising demand for bio-based anti-aging cosmetics products
Biobased cosmetics are often called organic cosmetics. It is purely made up of bio-based natural products which do not cause any harm to the skin and is purely made up of plants and its 100% cruelty-free properties made it more attractive to consumers. The shifting preferences from fossil-based products to bio-based products will gain more market opportunities in the anti-aging cosmetics market. While consumer preferences towards green products many manufacturers shifting to more bio-based cosmetics products to meet the customers' demand and stay competitive in the market. Additionally, the support of the government regularities for sustainable and bio-based cosmetics products creates a greater marketplace for manufacturers in the future. Hence biobased anti-aging cosmetics would become a great market opportunity for the future demand of the anti- aging cosmetics market.
In the product segment, the skincare market had the largest market share in 2022. In skincare products, there are various subcategories are including which are facial creams and lotions, facial serums, eye creams, body lotions, etc. Each product has its own significance and properties. Facial creams and lotion are useful for reducing aging signs on the skin such as wrinkles, pigmentation, etc. The growing concern about the skin is owing to the higher market demand for the anti-aging cosmetics market.
Eye cream is also one of the leading-selling products in the anti-aging cosmetics market. The eye cream leads to the treatment of under-eye sensitivity in older age people. It also can be useful for under-eye puffiness due to stress, dark circles, and age lines.
The haircare segment is expected to boost at a noticeable rate in the predicted timeframe. The segment increases due to the rise in baldness among the old and younger age population due to aging and stressful lifestyle.
Supermarkets and hypermarkets are one of the leading distribution channels of the anti-aging cosmetics market. Supermarkets and hypermarkets hold a wide range of the brands and products under one roof, which makes it a very convenient option for the consumers to buy or choose their favorite brands and products under one roof. Supermarkets and hypermarkets have attractive discounts on the product which will attract consumers.
The online segment of the distribution channel is expected to grow at a significant rate due to the growing interest in online retailing. It is the most convenient and easy form of distribution channel which can deliver the desired products over the doorstep. Hence the popularity of the online market is increasing rapidly.
The specialty stores had a significant market share in the anti-aging cosmetics market in 2022. The specialty store offers only a certain type of specific brand or product to the consumers. It is the best place for the consumer who is searching for a specific brand or product. The rising demand for a luxurious range of cosmetics products across the globe, especially in economically well-settled countries will boost the growth of the specialty stores segment.
North America dominated the global anti-aging cosmetics market in 2022, the region is expected to maintain its dominance during the forecast period. The North American market will continue its dominance with the increasing demand for cosmetic products in the United States and Canada. The rising interest in societal appearances and self-consciousness would result in the increasing interest in buying skin care products by consumers. The presence of major key players in the region is expected to contribute to the growth of the market during the forecast period.
The United States has the largest regional market for the anti-aging cosmetics market with $60 Billion in revenue in the North American market every year. Moreover, the rising focus on investments in the cosmetics and personal care industry is propelling the growth of the market.
Europe shows significant market growth over the anticipated timeframe. The European market is considered a major marketplace for the fashion and cosmetics industry. The growing interest in skincare routines and healthy skin will rise up the market over the forecast period. In addition, the willingness of European population to spend on premium and luxury cosmetics has forced manufacturers/key players to develop advanced products in the region, this highlights the growth of the market during the forecast period.
Asia Pacific is another fastest growing region for the anti-aging cosmetics market. The rising regional population among countries like China and India will be expected to boost the demand for the anti-aging cosmetics market. In the Asia-Pacific region, the higher investment in the cosmetics industries will be one of the market-expanding factors which will give traction to the anti-aging cosmetics market in these regions.
The product development in the region along with the presence of prominent key players and enormous demand for cosmetic products in the region are fueling the growth of the market. For Instance, in November 2022, Amway India one of the leading FMCG direct-selling companies announced the repositioning of its skincare brand artistry. The new launch consists of the renewing and firming solution sets. The products are made up of plant-based botanicals from Nutralite farms and a paraben-free, and vegan skincare product line.
Segments Covered in the Report:
By Product
By End User
By Distribution Channel
By Geography
PROCEED TO BUY :
ASK FOR SAMPLE
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
