The anti-aging products market was valued at $55.8 billion in 2023, and is projected to reach $108.5 billion by 2033, growing at a CAGR of 6.9% from 2024 to 2033.
Anti-aging products are moisturizer-based skin care products that are formulated to prevent signs of aging such as wrinkles, fine lines, and loss of skin elasticity. Ranging from topical creams and serums to dietary supplements, these products aim to rejuvenate the skin, boost collagen production, and protect against environmental damage. They contain a variety of active ingredients, including antioxidants, peptides, and hyaluronic acid, each targeting different aspects of skin aging.
The growth of the global anti-aging products market was majorly driven by increase in aged population. This is attributed to the fact that as the global population ages, there is an increasing demand for products that can help maintain youthful appearance and slow down the visible effects of aging. As per the World Health Organization, the number of people aged 60 years and older was 1 billion in 2019. This number is estimated to increase to 1.4 billion by 2030 and 2.1 billion by 2050. Furthermore, increase in awareness among consumers about skincare and the importance of early prevention in maintaining skin health and rise in willingness to spend on premium anti-aging products due to high disposable income notably contribute toward the market growth. A study conducted by the American Academy of Dermatology, 2021 revealed that consistent use of sunscreens with anti-aging properties can reduce the risk of developing age spots by nearly 40% over five years. The cultural emphasis on appearance, along with the increasing popularity of wellness and self-care routines, is further propelling the market growth. Moreover, the trend toward personalized skincare solutions and the development of new formulations tailored to specific skin concerns are attracting a wider consumer base. In addition, endorsements by celebrities and influencers on social media platforms and increase in penetration of online retail platforms have significantly impacted consumer purchasing decisions in favor of anti-aging products. However, high cost of effective anti-aging products makes them less affordable for price-sensitive consumers, which limits the market growth. In addition, side effects associated with some anti-aging products, especially those with potent active ingredients like retinoids, such as skin irritation, redness, or allergic reactions deter some consumers from using these products regularly, thus hampering the growth of the market. On the contrary, development of more effective ingredients like retinoids, peptides, and hyaluronic acid is expected to offer lucrative opportunities for the market growth during the forecast period. Moreover, increase in consumer preference for natural and organic ingredients in skincare is encouraging manufacturers to develop new formulations, which is anticipated to open new avenues for the market growth.
The global anti-aging products market is segmented into product type, end user, and region. On the basis of product type, the market is divided into facial creams & lotions, serums and concentrates, under eye creams, and others. As per end user, it is segregated male and female. Depending on distribution channel, it is divided into supermarkets/hypermarkets, specialty stores, pharmacies/drug stores, online retail stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of end user, the female segment dominated the anti-aging products market in 2023.
As per distribution channel, online retail stores emerged as the leading segment in 2023.
Region wise, Asia-Pacific dominated the anti-aging products market in 2023.
Anti-aging products are moisturizer-based skin care products that are formulated to prevent signs of aging such as wrinkles, fine lines, and loss of skin elasticity. Ranging from topical creams and serums to dietary supplements, these products aim to rejuvenate the skin, boost collagen production, and protect against environmental damage. They contain a variety of active ingredients, including antioxidants, peptides, and hyaluronic acid, each targeting different aspects of skin aging.
The growth of the global anti-aging products market was majorly driven by increase in aged population. This is attributed to the fact that as the global population ages, there is an increasing demand for products that can help maintain youthful appearance and slow down the visible effects of aging. As per the World Health Organization, the number of people aged 60 years and older was 1 billion in 2019. This number is estimated to increase to 1.4 billion by 2030 and 2.1 billion by 2050. Furthermore, increase in awareness among consumers about skincare and the importance of early prevention in maintaining skin health and rise in willingness to spend on premium anti-aging products due to high disposable income notably contribute toward the market growth. A study conducted by the American Academy of Dermatology, 2021 revealed that consistent use of sunscreens with anti-aging properties can reduce the risk of developing age spots by nearly 40% over five years. The cultural emphasis on appearance, along with the increasing popularity of wellness and self-care routines, is further propelling the market growth. Moreover, the trend toward personalized skincare solutions and the development of new formulations tailored to specific skin concerns are attracting a wider consumer base. In addition, endorsements by celebrities and influencers on social media platforms and increase in penetration of online retail platforms have significantly impacted consumer purchasing decisions in favor of anti-aging products. However, high cost of effective anti-aging products makes them less affordable for price-sensitive consumers, which limits the market growth. In addition, side effects associated with some anti-aging products, especially those with potent active ingredients like retinoids, such as skin irritation, redness, or allergic reactions deter some consumers from using these products regularly, thus hampering the growth of the market. On the contrary, development of more effective ingredients like retinoids, peptides, and hyaluronic acid is expected to offer lucrative opportunities for the market growth during the forecast period. Moreover, increase in consumer preference for natural and organic ingredients in skincare is encouraging manufacturers to develop new formulations, which is anticipated to open new avenues for the market growth.
The global anti-aging products market is segmented into product type, end user, and region. On the basis of product type, the market is divided into facial creams & lotions, serums and concentrates, under eye creams, and others. As per end user, it is segregated male and female. Depending on distribution channel, it is divided into supermarkets/hypermarkets, specialty stores, pharmacies/drug stores, online retail stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By product type, the facial creams & lotions segment held the highest market share in 2023.On the basis of end user, the female segment dominated the anti-aging products market in 2023.
As per distribution channel, online retail stores emerged as the leading segment in 2023.
Region wise, Asia-Pacific dominated the anti-aging products market in 2023.
Competition Analysis
Competitive analysis and profiles of the major players in the global anti-aging products market include Estee Lauder Inc., Procter & Gamble, Hindustan Unilever Ltd., LOreal SA, Oriflame Cosmetics AG, Beiersdorf Global, Shiseido Company Limited, Groupe Clarins, Caudalie, and Natura & Co. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the market.Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Product Benchmarking / Product specification and applications
- Upcoming/New Entrant by Regions
- Average Consumer Expenditure
- Market share analysis of players by products/segments
- Additional company profiles with specific to client's interest
- Brands Share Analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Product Type
- Facial Creams and Lotions
- Serums and Concentrates
- Under Eye Creams
- Others (Facial Oils, Sheet Masks)
By End User
- Male
- Female
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Pharmacies/Drug Stores
- Online Retail Stores
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Argentina
- Rest of LAMEA
Key Market Players
- Estee Lauder Inc.
- Procter & Gamble
- Hindustan Unilever Ltd
- LOreal SA
- Oriflame Cosmetics AG
- Beiersdorf Global
- Shiseido Company Limited
- Groupe Clarins
- Caudalie
- Natura & Co.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: ANTI AGING PRODUCTS MARKET, BY PRODUCT TYPE
CHAPTER 5: ANTI AGING PRODUCTS MARKET, BY END USER
CHAPTER 6: ANTI AGING PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: ANTI AGING PRODUCTS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Estee Lauder Inc.
- Procter & Gamble
- Hindustan Unilever Ltd
- LOreal SA
- Oriflame Cosmetics AG
- Beiersdorf Global
- Shiseido Company Limited
- Groupe Clarins
- Caudalie
- Natura & Co.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 195 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 55.8 billion |
| Forecasted Market Value ( USD | $ 108.5 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
