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NEW YORK, July 19, 2022 /PRNewswire/ —
Anti-Aging Products Market Facts at a Glance-
- Companies: 10+ – Including AbbVie Inc., CHANEL Ltd., Clarins USA Inc., Johnson & Johnson, LOreal SA, LVMH Moet Hennessy – Louis VuittonShiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group among others.
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
- Segments: Product (skin care, hair care, and others)
- Geographies: North America, EuropeAPAC, South Americaand MEA
To understand more about market dynamics, Download our Sample Report
According to the recent market study by Technavio, the Anti-Aging Products Market size is expected to increase by USD 15.82 billion from 2020 to 2025, with an accelerated CAGR of 6.14%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.
Vendor Insights-
The anti-aging products market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. Some of the key developments of vendors are listed below:
- AbbVie Inc. – In April 2021the company announced the launch of SkinMedica Neck Correct Cream.
- LOreal SA – In February 2021the company acquired Takami Co., a company that offers skincare products and is based out of Japan.
- LVMH Moet Hennessy – Louis Vuitton – In April 2021the company collaborated with Prada and Cartier, a part of Richemont, to develop Aura Blockchain Consortium, the world’s first global luxury blockchain.
To learn about the key offerings of major vendors and other important information, Download a Sample Report
Regional Market Outlook
The anti-aging products market share growth in North America will be significant during the forecast period. The US is a key market in the region. Moreover, market growth in North America will be faster than the growth of the market in other regions. North America has many vendors that offer anti-aging products in the US, which is a major factor for the country’s significant contribution to market growth. These factors will drive the growth of the market in the region during the forecast period.
Download a sample report to find out the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends in the Market-
- Anti-Aging Products Market Driver:
- Increasing older population:
Chronological aging leads to changes in facial appearance, which include loss of skin elasticity and collagen; decrease in dermal collagen, melanin production, and hair follicles; the appearance of lines and wrinkles; and sa rise in hyperpigmentation. It is caused due to factors such as as climate, pollution, stress, and diet, which damage the dermis. This is increasing aging anxiety among middle-aged people. Hence, people in this age group are opting for anti-aging skin care and hair care products.
- Anti-Aging Products Market Trend:
- Online availability of products:
The penetration of the internet is leading to a rise in awareness about the online purchasing of anti-aging products. Cosmetic companies are selling their products online in different regions. Third-party distributors of such products include Walgreens, Amazon, and eBay, which offer a wide range of products. Digital portals enable consumers across the world to purchase products with ease by comparing prices and product features.
For information about other trends and drivers that will shape the future of the market, View our Sample Report.
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Full story available on Benzinga.com
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