The global anti-aging market reached a value of US$ 58.5 Billion in 2020. Aging is brought about by a cycle of biochemical processes which cause the body to degenerate over a period of time, impacting the health, fitness and physical appearance of the individual. Anti-aging refers to the process of limiting or retarding these changes through various products and services. Nowadays, good physical personality has become a necessity and determines the success of an individual in different areas of life. The growing consciousness among both the young and old consumers regarding their physical appearance has fostered the demand for anti-aging products and devices. Looking forward, IMARC Group expects the global anti-aging market to reach a value of US$ 88.30 Billion by 2026, exhibiting a CAGR of 7.10% during 2021-2026.
Global Anti-Aging Market Drivers/Constraints:
IMARC Group provides an analysis of the key trends in each sub-segment of the global anti-aging market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, demography, industry, products, device and technology.
Breakup by Demography:
On the basis of age group, the market has been segmented into the age group of 25-35 years, 35-55 years,and 55 and above. Currently, consumers in the age group of 35-55 years lead the global anti-aging market, holding more than a half of the total global market.
Based on gender, the market has been segregated as males and females. Amongst these, females dominate the market.
On the basis of income, high-income group represents the leading segment as consumers in this segment can easily afford anti-aging cosmetic procedures. Other income groups include low- and middle-income.
Breakup by Industry:
Based on industry, the skin-care industry accounts for the largest share since the consumers are focussing more on the appearance of their skin. Skin-care is followed by the hair-care and dental-care industries.
Breakup by Products:
On the basis of products, the report finds that sunscreen products are the most popular segment as they prevent the skin from premature wrinkling and discoloration, and also protect it from the harmful UV rays. Sunscreen products are followed by anti-wrinkle, anti-pigmentation and hair-care products.
Breakup by Device and Technology:
Based on devices and technologies, the market has been divided into microdermabrasion and aesthetic energy devices. Amongst these, microdermabrasion devices are the leading segment, accounting for the majority of the market share.
Country-wise, France has the largest anti-aging market owing to the high standards of living and consumption of premium anti-aging products by the consumers. Other major countries include Germany, Italy, United Kingdom, Russia, Spain, United States, Brazil, Japan, South Korea, China, Thailand and India.
The competitive structure of the market has also been examined with some of the key players being:
This report provides a deep insight into the global anti-aging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the anti-aging industry in any manner.
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global anti-aging market to reach a value of US$ 88.30 Billion by 2026, exhibiting a CAGR of 7.10% during 2021-2026.
The growing geriatric population, in confluence with the increasing focus on physical appearance, represents one of the key factors spurring the market growth.
Leading manufacturers are introducing safer and more efficient anti-aging products that provide instant results, which is acting as a major trend in the market.
Due to the outbreak of the coronavirus disease (COVID-19), several elective and non-essential anti-aging surgical procedures have been postponed around the world, which, in turn, is negatively impacting the growth of the market.
The global anti-aging market reached a value of US$ 58.5 Billion in 2020.
Based on the demography, the market has been divided into age group, gender and income.
On the basis of the industry, the market has been classified into skin, hair and dental care segments.
The market has been analyzed based on the product type into anti-wrinkle products (anti-wrinkle cream, botulinum toxin A injections and dermal fillers); anti-pigmentation products (anti-pigmentation creams and chemical peels); hair care products (hair color products, anti-hair fall products and hair gain products); and sunscreen products.
On the basis of the devices and technology, the market has been divided into microdermabrasion devices and aesthetic energy devices (laser, intense pulsed light, radio frequency and ultrasound).
Country-wise, the market has been segmented into the United Kingdom, France, Germany, Italy, Russia, Spain, Brazil, Japan, South Korea, China, Thailand, India and the United States.
Leading industry players are Unilever Plc, L’Oréal S.A., Beiersdorf AG, The Estée Lauder Companies Inc., Allergan plc, The Procter & Gamble Company and Shiseido Cosmetics.
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