The global anti-aging cosmetics market Size is projected to reach USD 60.26 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. The growing awareness of the importance of skincare and hair care will increase demand for anti-aging cosmetics containing vitamin C and vitamin E, which will support the market's healthy expansion.
Information Source: https://www.fortunebusinessinsights.com/anti-aging-cosmetics-market-102768
Top Key Companies Covered in the Anti-aging Cosmetics Market:
L’Oréal Professional
Unilever
Procter & Gamble
Estée Lauder Inc.
Beiersdorf AG
Shiseido Co., Ltd.
Coty Inc.
Natura & Co.
Kao Corporation
Johnson & Johnson Services, Inc.
Market Driver:
Rising Technological Advancement in Anti-Aging Products to Create New Sales Opportunities
The cosmetics sector has benefited from the growing R&D expenditures made by major firms in the creation of efficient beauty and anti-aging products. The development of anti-aging products has been greatly aided by technological improvements, which has improved economic outcomes. As an illustration, cutting-edge technology like the transdermal absorption system contributes to improving the cosmetic product's solubility, dispersion efficiency, and overall efficacy. Businesses are concentrating on releasing cutting-edge goods to meet customer wants; this zeal will help to advance the market. For example, Real Barrier, a well-known skincare brand for beauty, recently announced the release of an intense clinical-level anti-aging collagen mask that uses unique ingredients like oligopeptides, hexapeptide, and folic acid to provide the fundamental building blocks of youthful skin.
Market Restraint:
Occurrence of Counterfeit Products to Confine Growth
The expansion of the market has been hindered by the presence of counterfeit anti-aging cosmetic goods. For example, fake anti-aging cosmetics are inexpensive and include harmful ingredients, which can lead to negative skin issues including rashes, swelling, and wrinkles. Eventually, this will make people less likely to purchase additional cosmetics in the future. Furthermore, the rising expense of unique and opulent anti-aging products in the developing country would impede the growth of the anti-aging cosmetics industry going forward.
Regional Analysis:
Presence of Geriatric Population to Enable Growth in Asia Pacific
Because of the significant number of elderly people living in the region, Asia Pacific is anticipated to hold the largest share of the global market. The positive expansion of the market will be influenced by the increasing usage of cosmetic products by younger and middle-aged generations in countries like South Korea, Japan, and China to prevent early indications of aging. During the projection period, Asia Pacific will see robust growth driven by rising consumer awareness of cosmetic items and the availability of high-end branded products.