Dallas, Texas, April 26, 2019 (GLOBE NEWSWIRE) -- The current consumer landscape suggests that consumers are preferring natural ingredients based on anti-aging products over chemical based products.
The global anti-aging products market size is estimated to reach up to USD 257.92 billion by 2025 mainly driven by rising awareness, demand and adoption from growing baby boomers and generation X population across the globe. However, the anti-aging products are costly compared to other beauty products which are a primary restraining factor in the growth of the anti-aging products market. In addition, the presence of counterfeit products and the use of harmful ingredients in developing anti-aging products has negatively affected the growth of the anti-aging products market.
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The global anti-aging products market research report assesses market demand and scenario over the period from 2015 to 2025. The report highlights the historic trends between 2015 and 2017 and the 2019 to 2025 market forecast. The report studies both at global and country level the current status and future market prospects. The global market for anti-aging products is segmented by product type, demography, and geography.
The report also throws light on various aspects of the anti-aging products industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the anti-aging products industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The “Global Anti-aging Products Market Size 2017 by Product Type (Skincare [Anti-wrinkle, Anti-stretch, UV Absorbers, and Natural Products], Haircare [Hair Color, Hair Oils & Serums, Hair Shampoo & Conditioner]), by Demography (Baby Boomers, Generation X, and Generation Y), By Region (North America, Europe, APAC, South America, Middle East and Africa) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Aging happens due to a cycle of biochemical processes which led the body to degenerate with the time, which may impact the fitness, health and physical appearance of the individual. Anti-aging can be defined as the process of retarding or limiting these changes with the help of different products and services. Nowadays, the success of an individual in a lot of streams depends on good physical personality. The growing consciousness among both the young and old consumers regarding their physical appearance has fostered the demand for anti-aging products and devices.
The factors that are driving the anti-aging market growth include an aging population, growing awareness, and increase in anti-aging awareness campaigns and increasing disposable income. As with organic food and household supplies, consumers are inclining towards natural beauty products as health spectrum has expanded from “what a person is putting in their bodies” to “what a person is putting on their bodies.” Along with that, how shoppers are looking for more natural beauty products has already evolved. And what “natural” means to one shopper might be very different from what it means to another. However, factors that may hamper the market growth include expensive products/devices, regulatory frameworks, and anti-aging devices are often considered as unsafe. Moreover, the high cost of anti-aging products and procedures along with the presence of counterfeit products containing toxic substances pose a major challenge to the market growth. But, with convenient non-surgical treatments and the growing trend of social network and e-commerce, the anti-aging products market will surge in the forthcoming years.
In the product type segment, the market for haircare sub-segment is estimated to grow at the CAGR 7% during the forecast period. This growth will be primarily driven by newly launched innovative products such as shampoos, moisturizers, and oils among others. There has been a significant demand for anti-aging hair care products by men, which is expected to further drive the market.
On the basis of demographics, Baby boomers segment is leading the market with contributing 37% market share in the year 2017. Baby boomers are highly health conscious compared to generation X and generation Y (millennials). The rising population of baby boomers and increased spending will be further driving the market for baby boomers market segment.
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Geographically, Asia Pacific will be leading the global anti-aging products market driven by increasing population across the demographics, increasing awareness, and newly developing markets such as India and Indonesia. Europe and North America held the second and third largest market value shares respectively. Other developing markets in countries such as Brazil and Argentina are going to drive the market for South America which is the second highest growing markets globally.
The global anti-aging products market is a highly fragmented industry with strong competition among the well-established and new emerging players. These players aim to gain an edge over the other players through innovative product development by investing high in R&D along with player acquisitions.
Some of the key players in the global anti-aging products market are Photomedex Inc., Johnson & Johnson, Allergan Plc, Lumenis Ltd. Revlon Inc., L’Oreal SA, Beiersdorf AG, Shiseido Company Limited, Orlane, and Olay.
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Anti-aging products market Overview, By Product Type
Chapter 5. Anti-aging products market Overview, By Demographics
Chapter 6. Anti-aging products market Overview, By Region
Chapter 7. Industry Structure
Chapter 8. Company Profiles
Continued…
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