Anti Aging Products market 2021 Size Worth US$ 70.7 billion by 2030

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The global Anti Aging Products market size is expected to be worth around US$ 70.7 billion by 2030, according to a new report by Vision Research Reports.

The global Anti Aging Products market size was valued at US$ 41.49 billion in 2020 and is anticipated to grow at a CAGR of 6.4% during forecast period 2021 to 2030.

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Anti Aging Products Market (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, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size US$ 70.7 Billion by 2030
Growth Rate CAGR of 6.4% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Estee Lauder Inc.; Procter & Gamble; Beiersdorf Limited; pmdbeauty.com & Age Sciences Inc.; Shiseido; Unilever; L’Oreal Paris; Revlon; OriflameCosmetics; Avon Products, Inc.

Growth Factors

 Rising awareness among consumers regarding age-related skin problems such as fine lines, wrinkles, and dullness of skin, coupled with their increasing propensity to spend on products that help them to proclaim their skin youthfulness, is expected to drive the market demand throughout the forecast period.

Rising inclination toward green and plant-based products has piqued the interest of many manufacturers to provide chemical-free products. For instance, in September 2021, NOW Solutions, a U.S.-based brand dealing in clean ingredient beauty products, recently added seven new products to the line, including a plant-based retinol alternative skin renewal serum, which is formulated to be used for anti-aging skin smoothing and refining.

By Product Analysis

The facial cream and lotion segment held the largest share of over 51.0% in 2020 and is expected to maintain its lead over the forecast period. These are specially formulated products to help the facial skin retain moisture, firmness, and elasticity, thus preventing wrinkles and lines.

with the growing concerns over animal welfare and the environment, a number of consumers are opting for cruelty-free products, which has increased the demand for vegan or plant-based ingredient blends in skincare products.

The eye cream and lotion segment is expected to register the fastest CAGR of 7.6% from 2021 to 2030. These creams are designed for the treatment of the sensitive area beneath the eyes. The skin around the eyes is highly sensitive and is prone to lose elasticity.

Various well-established brands offer eye creams with a high concentration of active pharmaceutical ingredients such as ceramides, niacinamide, and alpha-hydroxy acids that diminish or eliminate dark circles, age lines, and wrinkles as well as moisturize and treat puffiness of eyes.

By Distribution Channel Analysis

The hypermarket and supermarket segment accounted for the largest share of over 46.0% in 2020. The segment is projected to maintain its lead throughout the forecast period owing to the high consumer inclination toward purchasing skincare products from supermarkets and hypermarkets as these places enjoy high customer preferences.

The specialty store segment is expected to register the fastest CAGR of 7.3% from 2021 to 2030. Purchasing skincare items from these stores have been gaining traction among consumers, especially those who are in search of a particular brand or product.

By Regional Analysis

Supermarkets in regions such as North America and Latin America have acquired a significant number of grocery stores and in doing so, have increased their influence over suppliers.

Central and South America are expected to register a significant CAGR of 6.4% from 2021 to 2030. The employment rate of women in Central and South America has grown immensely; female participation is almost 54% of the total workforce in the region.

Key Players

  • Estee Lauder Inc.
  • Procter & Gamble
  • Beiersdorf Limited
  • pmdbeauty.com & Age Sciences Inc.
  • Shiseido
  • Unilever
  • L’Oreal Paris
  • Revlon
  • Oriflame Cosmetics
  • Avon Products, Inc.

Market Segmentation

  • 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
    • Others
  • Regional
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

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