Anti-aging Cosmetics Market: Growth Segments and Business Opportunity
Growing at a 5.8% CAGR throughout the forecast period, the global market for anti-aging cosmetics is anticipated to reach USD 60.26 billion by 2026. The market will grow healthily as a result of consumers’ growing concern for skincare and hair care, which will increase demand for anti-aging cosmetics containing vitamin C and E. Furthermore, according to Fortune Business Insights’ study “Anti-aging Cosmetics Market (2024–2026),” the growing prevalence of skin-related issues along with technical developments in cosmetic goods would propel the global market throughout the forecast period.
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Top Key Companies Covered in the Anti-Aging Cosmetics Market:
- L’Oreal Professional
- Unilever
- Procter & Gamble
- Estée Lauder Inc.
- Beiersdorf AG
- Shiseido Co., Ltd.
- Coty Inc.
- Nature & Co.
- As a Corporation
- Johnson & Johnson Services, Inc.
Market Driver:
Rising Technological Advancement in Anti-Aging Products to Create New Sales Opportunities
The increasing R&D investments by key players for the development of effective beauty and anti-aging products have positively impacted the cosmetics industry. Technological advancements have contributed significantly to the improvement of anti-aging products, which in turn, has resulted in better business outcomes. For instance, novel technology, such as the transdermal absorption system, helps to increase the soluble and dispersion efficiency and ultimately the effectiveness of the cosmetic product. Companies are focused on launching innovative products to cater to the needs of consumers, this vigor, will, in turn, promote the market. For instance, Real Barrier, a leading beauty skincare company, announced the launch of an intensive clinical-level anti-aging collagen mask which uses special ingredients such as oligopeptides, folic acid, and hexapeptides, thus offering basic building blocks of youthful skin.
Market Restraint:
Occurrence of Counterfeit Products to Confine Growth
The existence of counterfeit anti-aging cosmetic products has subsequently restricted the growth of the market. For instance, counterfeited anti-aging cosmetic products are cheap and made up of toxic substances, which can cause adverse skin problems, such as skin wrinkles, rashes, and swelling, eventually decreasing the eagerness of consumers to buy more cosmetic products in the future. Moreover, the high cost of original and luxurious anti-aging products in emerging nation will consequently dampen anti-aging cosmetics market growth in the foreseeable future.
Regional Analysis:
presence of a geriatric population to Enable Growth in Asia and the Pacific
Asia Pacific is expected to hold the largest share of the global market owing to the presence of the geriatric population in the region. The growing use of beauty products by younger and middle-aged generations to prevent early signs of aging in countries such as South Korea, Japan, and China will influence the positive growth of the market. The increasing consumer awareness regarding cosmetic products, coupled with the accessibility of high-end branded products, will boost healthy growth in Asia Pacific during the forecast period.
