Market Overview
The anti-aging cosmetics products have witnessed an increase in demand in the recent years, due to a surge in product use by people of the age group of 30 and above who are expected to suffer from an anxiety caused by the physical manifestations of aging. Chronological aging or intrinsic aging causes changes in appearance such as lack of skin elasticity and collagen, reduction in melanin production, and aging of hair follicles which lead to the appearance of fine lines and wrinkles and an increase in the appearance of dark spots or pigmentation. Additionally, extrinsic aging is caused by factors including pollution, change of climate, stress, and an unhealthy diet which ultimately lead to skin damage and have an impact on collagen and elastic fibers. Thus, aging anxiety, concerns about changes in facial appearance, and the desire to look younger have led consumers to opt for anti-aging cosmetics products.
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Competitive Landscape
- Allergan plc (Ireland)
- L’Oréal S.A. (France)
- The Himalaya Drug Company (India)
- The Estée Lauder Companies Inc. (US)
- Lotus Herbals Pvt. Ltd. (India)
- Unilever PLC (UK)
- The Procter & Gamble Company (US)
- PhotoMedex, Inc. (US)
- Emmbros Overseas Lifestyle Pvt Ltd (India)
- Innisfree Corporation (South Korea)
- Kaya Limited (India)
Market Segmentation
The global Anti Aging cosmetics products market report has been segmented based on product type, nature, distribution channel, and region.
By product type, the global anti-aging cosmetics products market has been classified as skincare, haircare, and others. The skincare segment is further classified as anti-wrinkles, anti-pigmentation, anti-skin sagging, and other skincare products. The haircare segment is also divided into anti-thinning, anti-damage, and other haircare products. The skincare segment is expected to account for the largest share and is also projected to be the fastest-growing segment during the review period due to the increasing issues related to the aging of the skin.
Based on nature, the global Anti Aging cosmetics products market report has been bifurcated into natural and conventional. The conventional segment is expected to hold the larger market share and the organic segment is expected to register the higher CAGR during the review period.
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Regional Analysis
The market in Asia-Pacific is projected to account for the lion’s share of the global anti-aging cosmetics products market and is expected to exhibit an impressive CAGR during the forecast period. China and South Korea are among the major markets contributing to the regional market growth. Moreover, increasing awareness among consumers regarding the properties of anti-aging cosmetics products and rising usage of these products by people of the age group of 30 and above are expected to drive the growth of the anti-aging cosmetics products market. In addition, the sales in the Asia-Pacific market are expected to increase, owing to the wide availability of numerous innovative products, skin care brands, and rise in urbanization.
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