Global Anti-Aging Product Market by Product (Body Wash, Body Moisturizer, Eye Cream & Lotion, and Others), By Distribution Channel (Hypermarket & Supermarket, Pharmacy & Drug Stores, Online, and Other Distribution Channels), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Anti-aging Products Market Overview:

Global anti-aging products market value was USD 41,350 million in 2021. This market is expected to grow at a CAGR of 6.2% between 2022-2032.

Market demand is expected to rise throughout the forecast period due to rising awareness of age-related skin conditions such as dull skin and fine lines.

The global COVID-19 virus outbreak has reduced cosmetics market demand, including anti-aging, worldwide. First, the sales of countries like the U.S.A., India, and Brazil have declined significantly.

Many of the market’s manufacturers have depended on China historically for their finished products as well as the raw materials needed to manufacture various types of skin care cosmetics. This has disrupted production and distribution.

Global Anti-Aging Products Market Analysis

Product Analysis

A significant amount of share was held by the facial creams and lotions segment in 2021. It is expected to continue its lead during the forecast period. These creams are designed to preserve the skin’s natural moisture and firmness. They also prevent wrinkles and lines.

People are very conscious of their facial appearance and will spend a lot on these products. This is a major driver for the segment.

Due to growing concerns about animal welfare, many consumers are now choosing cruelty-free products. This has led to the demand for vegan and plant-based ingredients in skincare products. The demand will rise with the introduction of new products and innovative products.

The fastest CAGR for the eye creams and lotions segment is 7.1% between 2023-2032. These creams are intended to treat the sensitive areas below the eyes.

The delicate skin around the eyes is very sensitive and prone to losing elasticity. Eye creams, lotions, and other products can be used to combat wrinkles, lines, and other signs of aging that are likely to affect this segment.

There are many well-known brands that offer eye creams with high amounts of active medicinal ingredients, such as ceramides and niacinamide. These products can reduce dark circles, age lines, wrinkles, and puffiness, and moisturize the eyes.

Estee Lauder, an industry leader in cosmetics and skincare, has a range of eye products including eye creams that can be used to repair dark circles, remove wrinkles, and use key pharmaceutical ingredients.

Distribution Channel Analysis

The supermarket and hypermarket segment held the largest share, with over 51.0% in 2021. It is expected that this segment will continue to lead the market throughout the forecast period, owing to consumers’ high preference for buying skin care products in hypermarkets or supermarkets.

Supermarkets in North America and Latin America have accumulated a large number of grocery shops and have grown their influence over suppliers.

Because supermarkets provide many benefits to consumers such as greater choice, lower prices, visibility of international brands, and high visibility, they are a good platform for all customers.

The fastest CAGR is expected in specialty stores, which will grow 6.74% between 2022 and 2032. This segment has been growing in popularity among consumers who are looking for specific brands and products.

Because there is no need to wait in long lines to buy cosmetics, these stores can be a viable alternative to shopping at busy retail stores.

Key Market Segments

By Product

• Body Wash
• Body Moisturizer
• Eye Cream & Lotion
• Facial Cleanser
• Facial Mask
• Facial Serum
• Facial Cream & Lotion

By Distribution Channel

• Hypermarket & Supermarket
• Pharmacy & Drug Stores
• Specialty Store
• Online
• Other distribution channels

Market Dynamics

While aging is a natural process, external factors such as alcohol intake, air pollution, and UV radiation can cause premature aging. The preservation of youthful glow and moisturization is a key part of anti-aging creams.

China is the country contributing the most to the growth of the worldwide cosmetics market. It contributes both in terms of production and consumption. According to the seventh China population census, approximately 40.08% are between 30-60 years of age.

A large population of young people is expected to increase the demand for anti-aging products in the country.

A shift in consumer preferences for natural and organic products has been triggered by a growing preference for plant-based options. Many companies are now offering anti-aging products made with chemical-free ingredients.

Alpine Beauty is a manufacturer of skin care products and offers a chemical-free Plant Genuismelt moisturizer that contains bakuchiol. This moisturizer brightens skin while protecting it from wrinkles, and also protects against radical damage.

Natural beauty has seen many cross-over products.

These products can be used to both make up and care for wrinkles, helping people maintain their natural skin. Lancome is a Lancome brand that sells cosmetics and makeup with anti-aging serum.

Regional Analysis

The Asia Pacific held the largest share, with over 43.0% of all global sales in 2021. The market growth is likely to be positively influenced by rising consumer demand for cosmetics and skincare products in emerging markets such as China and India.

The concern about early signs of aging is growing among the consumers in the region. This will likely increase demand.

Between 2022 and 2032, South America is expected to experience a substantial CAGR of 5.9%. Central and South America have seen a significant increase in women’s employment. In fact, 58% of the region’s total workforce is female.

The growing disposable income of women allows them to spend more on premium skincare and cosmetics, including anti-aging products.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share Analysis:

There are many domestic and multinational manufacturers as well as multinationals operating in the anti-aging product market. This makes the product pricing very competitive. To meet increasing consumer demand, many cosmetic retailers have entered the marketing business.

Key Market Players:

• Estee Lauder Inc.
• Procter & Gamble
• Beiersdorf Limited
• Avon Products, Inc.
• Shiseido
• Unilever
• L’Oreal Paris
• Revlon
• Other Key Players

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For the Anti-aging Products Market research study, the following years have been considered to estimate the market size: