Anti-aging Market Size, Share & Trends Report, 2022-2030
The global Anti-aging market gathered revenue around USD 165.9 billion in 2021 and market is set to grow USD 290.2 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.4% during the prediction period 2022 to 2030.
Growth Factors:
Aging is defined as cycles of biochemical activities in the body caused by factors, which affect the body over a period internally as well as externally and leads to degeneration of body affecting beauty, health, and fitness of an individual. The anti-aging market has evolved over the centuries and modern technology has contributed with widening its reach in products, services, and devices. Anti-aging products provide a market, which has high adoption as it, is comparatively affordable and available than services and devices.
North America was the largest market for anti-aging products in 2020. The market in the region is anticipated to be driven by the availability of well-established infrastructure, presence of major market players, and increase in average life expectancy and the median age. The anti-aging market is likely to witness sluggish growth during the COVID-19 pandemic compared to the non-COVID-19 period. According to a research article published in the Journal of the American Academy of Dermatology, there was a significant reduction in the search volume index related to cosmetic procedures from 71.8 to 45.1 during the COVID-19 pandemic.
Key companies in the region focus on strengthening their market position through R&D and new product launches. In February 2019, Lutronic Aesthetic received the U.S. FDA clearance for the Lutronic Genius platform, which is used in precise coagulation and results in regeneration of collagen and elastin, thereby improving scars, skin texture, wrinkles, and laxity anywhere on the body. These factors are expected to propel the market in North America
Report Scope of the Anti-aging Market
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Report Coverage |
Details |
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Market Size |
US$ 290.2 Billion by 2030 |
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Growth Rate |
CAGR of 6.4% from 2022 to 2030 |
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Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
Product, Target Group, Ingredient, Distribution Channel, Treatment and Region, |
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Companies Mentioned |
Procter & Gamble Co., Johnson & Johnson, Unilever plc, Shiseido Company, Limited, ZO Skin Health, Inc., L’Oreal Paris, The Estée Lauder Companies, Inc., Beiersdorf, and PHYTOMER. |
Increasing Awareness of Aging Signs in Younger Generation Driving Global Market
The growing awareness of anti-aging products for body and skin in younger generation is driving the global anti-aging market. People are more likely to take care of their skin due to rising skin complications due to pollution, unhealthy eating, alcohol consumption, etc. The increasing efforts of people to look young and healthy is a factor driving the demand for various anti-aging products such as, creams, lotions, gels, etc. Many people are opting for various skin care treatments, cosmetics procedures for improving their skin, appearance, reduce pigmentation, and damage caused by ultraviolet rays, etc. Surging aging population and rising presence of market players operating in the global anti-aging market to provide innovative solutions to cure your skin are contributing to the market growth to a great extent.
In addition, rising geriatric population in emerging economies is also responsible for the increasing sales of anti-aging products across the globe. Thus, there is a consistent demand for anti-wrinkle products from aging people across different regions. Consumer preference to use anti-wrinkle creams and lotions to look young and beautiful is driving the global anti-aging market. Asia Pacific countries such as Japan is expected to account for the largest market share due to high geriatric population.
Product manufacturers from Asia Pacific are focusing on product innovations to gain potential growth opportunities in the anti-aging market during the forecast period. In order to hide the signs of aging, women are more likely to use anti-aging products. This factor acts as a key driver of the anti-aging market in North America.
Surge in Awareness about Aging Signs in Younger Generation
The anti-aging market is not only driven by population turning old, but also by the young population who is willing to delay the process of aging (especially with their appearance) and start from their mid-thirties to care about their skin, hair, and body. A large percentage of the young population is experiencing drastic environmental changes and sedentary lifestyle, which has increased health problems, and have made them more conscious about their looks, appearance, and health.
Creams Segment to Dominate Market
In terms of product, the global anti-aging market has been classified into serums, gels, creams, and others. The creams segment dominated the global anti-aging market in 2020 and the trend is projected to continue during the forecast period. Creams are the most diverse and widely used forms of skincare products. The segment is driven by increase in availability, ease of use, customer preference, and rise in the number of beauty shops.
Female to be Highly Lucrative Segment
Based on target group, the global anti-aging market has been bifurcated into male and female. The segment is likely to be driven by increase in the number of women developing premature wrinkles due to changing lifestyle, stress, and improper eating habits affecting the skin and availability of a range of anti-wrinkle products for women.
Hyaluronic Acid Segment to Lead Market
In terms of ingredient, the global anti-aging market has been categorized into retinoid, hyaluronic acid, alpha hydroxy acid, and others. Anti-wrinkle creams containing hyaluronic acid are often advertised as an efficacious option for the treatment of wrinkles and have even been presented as an option equal to some medical procedures. Hyaluronic acid (HA) has critical moisturizing property and high water retention capacity, especially for human skin.
Facial Care Treatment Segment to Dominate Market
In terms of treatment, the global anti-aging market has been split into body treatment and facial treatment. Demand for products that help in retaining and obtaining fairer skin and prevent wrinkles is rising. Hence, manufacturers are launching a range of products that target issues ranging from anti-aging and eliminating blemishes to skin brightening.
Online Stores Segment to Lead Market
Based on distribution channel, the global anti-aging market has been divided into pharmacies, stores, and online stores. The online stores segment is expected to expand at the fastest CAGR due to increase in the availability of cosmetics online and high consumer preference for online shopping due to discounts and offers.
North America to Dominate Global Market
In terms of region, the global anti-aging market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global anti-aging market in 2020, followed by Asia Pacific. Rise in concerns about personal care, lifestyle changes, and awareness about harmful effects of pollution on skin are factors likely to accelerate the growth of the market in North America.
The market in Asia Pacific is anticipated to grow at a rapid pace due to rise in awareness about anti-wrinkle products among adults and increase in per capita spending. Moreover, popularity of anti-aging creams is increasing in India, Japan, South Korea, and other emerging countries in Asia Pacific. Acquisitions by market players in the cosmetic industry is expected to boost the growth of the market in the region.
In August 2020, Merck KGaA entered into strategic cooperation with the China-based cosmetics company Pechoin Group to develop herbal technology and plans to launch a new product line – Pechoin Zhenyan anti-wrinkle repair series. In July 2020, Lancer Skincare launched the Pro Polish microdermabrasion device.
Some of the prominent players in the Anti-aging Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Anti-aging Market, by Product
Anti-aging Market, by Target Group
Anti-aging Market, by Ingredient
Anti-aging Market, by Distribution Channel
Anti-aging Market, by Treatment
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Anti-aging Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers