NEW YORK, May 11, 2021 /PRNewswire/ --
The global anti-aging products market size is expected to grow by USD 15.82 billion during 2021-2025, progressing at a CAGR of over 6% during the forecast period.
The increasing older population is one of the major factors propelling market growth. However, factors such as the high cost of anti-aging products may impede market growth.
The demand for anti-aging products, especially skin care products such as anti-wrinkle creams and skin lotions, is increasing due to the rise in an older population, which, in turn, drives the growth of the global anti-aging products market. According to the World Bank, the female population aged between 35 and 39 years has increased from 6.796% of the total world population in 2017 to 6.876% of the total population in 2019. Moreover, anti-aging skin care and hair care products are increasingly adopted by the middle-aged population due to aging anxiety, concerns about changes in facial appearance, and motivation to look younger.
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Global Anti-Aging Products Market: Product Segment
The skin care segment dominated the global anti-aging products market in 2020 and is expected to remain dominant during the forecast period. The significant growth of this segment can be attributed to the increasing aging population and advances in technology used in manufacturing anti-aging skin care products.
Global Anti-Aging Products Market: Geographic Landscape
35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for anti-aging products market in North America. Market growth in this region will be slower than the growth of the market in APAC. The anti-aging products market growth in this region can be attributed to the presence of many vendors.
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Anti-Aging Products Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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