Dublin, Sept. 22, 2022 (GLOBE NEWSWIRE) — The “Anti-Aging Cosmetics Market, by Product Type, by Distribution Channels, by Product Form and Region, Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.
The global anti-aging cosmetics market size is expected to reach USD 75.81 billion by 2030 and register a CAGR of 5.5% over the forecast period, according to the latest report. Rising awareness of the benefits of anti-aging products such as reduction of fine lines and wrinkles and youthful appearance is expected to fuel the growth of this market.
The global anti-aging cosmetics market is growing at a rapid pace due to the aging population and changing lifestyles. Increase in consumer purchasing power and availability of new products are also some of the factors driving the growth of the market.
Technological advancements and heavy investments in research and development (R&D) activities are expected to drive the growth of the anti-aging cosmetics market over the forecast period. Additionally, the release of new products with innovative packaging and claims is also expected to supplement market demand. The increased adoption of natural ingredients in cosmetic formulations to minimize the effects of skin aging is expected to create lucrative opportunities for industry players over the coming years.
The global anti-aging cosmetics market is expected to generate significant revenue owing to the growing geriatric population and associated increase in the prevalence of skin disorders. Additionally, growing awareness of personal appearance and growing disposable income are expected to drive the market growth over the forecast period.
The prevalence of skin conditions, such as acne, blemishes, and dark spots, is expected to increase the demand for anti-aging cosmetics among consumers. Moreover, the growing geriatric population is also expected to drive the growth of this market. Additionally, increasing disposable income and changing consumer lifestyles are expected to fuel the growth of this market.
Some highlights of the report
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In July 2021, Shiseido launched “anti-aging cosmetics” in the Chinese market under the “Cle de Peau Beauté” brand. The product contains an ingredient called “subtilisin”, which is derived from subtilisin B, an enzyme produced by Bacillus subtilis, a bacterium found in soil. This ingredient is said to break down dead skin cells and increase the turnover of new skin cells, leading to smoother, younger-looking skin.
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The facial use segment accounted for the largest revenue share in 2020 owing to the growing trend of using anti-aging cosmetics among millennials. Additionally, increasing geriatric population and growing awareness of anti-aging products is expected to fuel the market growth over the forecast period.
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The hair care segment is expected to register the fastest growth over the forecast period owing to the increasing attention paid to hair care by consumers. Additionally, the growing awareness about the benefits of using anti-aging hair care products is expected to fuel the growth of the market.
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The global anti-aging cosmetics market is fragmented in terms of distribution channels. The offline channel is expected to account for the largest share of revenue over the forecast period owing to the growing preference for purchasing products from physical stores. On the other hand, the online channel is expected to register the fastest growth over the forecast period owing to the rising trend of online shopping.
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Asia-Pacific is expected to experience the fastest growth over the forecast period owing to rapid population growth and economic development in countries such as China, India, and Japan. Additionally, the growing awareness about the benefits of anti-aging cosmetics is expected to drive the growth of this market in the region.
For the purposes of this report, the author has segmented the anti-aging cosmetics market based on application, type of treatment, type, distribution channel and region:Product Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
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Skin care
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Hair care
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To put on makeup
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Eye care
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Others
Distribution Channel Outlook (Revenue, USD Billion; Volume, ‘000 Units; 2019-2030)
Product Form Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
Regional Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
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North America
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WE
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Spain
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Sweden
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BENELUX
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The rest of Europe
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Asia Pacific
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China
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India
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Japan
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South Korea
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Rest of APAC
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Latin America
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Brazil
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Rest of LATAM
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Middle East and Africa
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Saudi Arabia
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United Arab Emirates
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South Africa
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Israel
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Rest of MEA
Main topics covered:
Chapter 1. Market Summary
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Anti-Aging Cosmetics Market Segmentation and Impact Analysis
Chapter 5. Anti-Aging Cosmetics Market Overview and Trends by Product Type
Chapter 6. Anti-Aging Cosmetics Market by Distribution Channels
Chapter 7. Anti-Aging Cosmetics Market Outlook by Product Form
Chapter 8. Regional Outlook of the Anti-Aging Cosmetics Market
Chapter 9. Competitive Landscape
Chapter 10. Business Profiles
Companies cited
For more information on this report, visit https://www.researchandmarkets.com/r/l78til
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