Market Insights - Industry Research Report

Anti-Aging Market

Anti-Aging Market Size, Share, and Growth Report By Products (Anti-wrinkle, Hair Color, Ultraviolet Absorption, Anti-stretch Mark) By Treatment (Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel), By Demography (Generation X, Baby Boomers, Generation Y, Generation), By Devices (Anti-Cellulite Treatment, Laser Aesthetic Devices, Microdermabrasion Devices, Radio Frequency Devices, Others), By End User (Hospitals, Clinics, Home Healthcare), By Region – Global and Regional Industry Overview, Market Intelligence, Premium Insights, Complete Analysis, Historical Data, and Forecasts 2022 – 2028

Anti-Aging Market: Overview

The global anti-aging market size was worth USD 58.50 billion in 2021 and is estimated to grow to USD 95.17 billion by 2028, with a CAGR of approximately 7.2 % Over the forecast years.

Anti-Aging refers to limiting or retarding these changes through various products and services. Anti-Aging products, services, and devices are used to reduce the masking of symptoms of age and prevent them from appearing. Acne treatment, skin resurfacing, and anti-pigmentation are all possible with these products. The growing aging population is a major factor driving the anti-aging products, services, and technologies market. Technological advancements in anti-aging gadgets are expected to create new market opportunities over the upcoming years. Increasing social media penetration and hyper-awareness about skincare have driven key companies to develop new and effective technologies and products to meet the growing demand to earn a profit during the forecast period. Another factor responsible for increasing revenues in the anti-aging market is promotion and advertisements featuring celebrities to endorse the products and treatments.

Anti-Aging Market
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COVID-19 Impact on Anti-Aging Market:

COVID-19 has detrimentally impacted the global anti-aging market because lockdowns have been prolonged, and fewer anti-aging goods are being sold. Due to the rising demand for these goods, producers in the anti-aging sector are creating new prospects. Firms are making an effort to make up for losses caused by the COVID-19 outbreak and are looking into other opportunities to address market difficulties related to anti-aging. Due to growing knowledge of personal treatment, rising levels of contamination, stress, and poor diets, North America holds the lion’s share of the anti-aging market. The anti-aging market is driven by the rising significance placed on looks and rising disposable money.

Anti-Aging Market Drivers:

At-home anti-aging treatments are becoming increasingly popular as adults look for ways to stay young-looking and seniors concentrate on strategies to control the signs of aging. This change in consumer preference is therefore fueling the expansion of the anti-aging market throughout the forecast period. Due to technological improvements, the major market participants are creating new methods for treating anti-aging in seniors or old individuals. As a result, the global anti-aging market is expanding, opening profitable chances.

Anti-Aging Market: Restraints

The cost of anti-aging procedures like chemical peels, breast surgery, tummy tucks, mature acne therapy, hair restoration, and anti-pigmentation is high. These anti-aging procedures employ a variety of equipment, including radio frequency, microdermabrasion, and aesthetic laser devices. The therapies make use of high-quality ingredients. Due to the high cost of anti-aging treatments, the projected expansion of the worldwide anti-aging market will be constrained. Strict regulatory requirements for devices and societal stigma in certain populations are anticipated to hinder the anti-aging market.

Anti-Aging Market: Segmentation

The global anti-aging market has been segmented into products, treatment, demography, devices, and end users.

Based on treatment, the global anti-aging market is segmented into hair restoration, anti-pigmentation, adult acne therapy, breast augmentation, liposuction, and chemical peel. The chemical peel segment dominated the market in 2021. The two main drivers driving the growth of this segment are an increase in the number of beauty clinics with better infrastructure and an increase in the number of dermatology clinics. The rise in the number of elderly people and those with sun-damaged skin has led to an increase in interest in chemical peels. Other factors driving the growth of the chemical peel segment in the market include excellent facilities and advancements in healthcare infrastructure. Additionally, in 2021, the anti-aging market’s category for adult acne therapy is expected to be the fastest-growing segment in the market. The core causes of juvenile acne cases are redness and clogged pores. This aspect encourages the use of adult acne therapy as an anti-aging measure.

Based on products, the global anti-aging market is segmented into anti-wrinkles, hair color, ultraviolet absorption, and anti-stretch marks. The anti-wrinkles category dominated the market in 2021. People’s awareness of Botox’s effectiveness for wrinkle removal is growing because many celebrities admit to using it. Furthermore, anti-wrinkle solutions are becoming more technologically advanced, allowing the visible signs of aging to be decreased; that’s why their use is increasing. in the anti-wrinkles sector, especially in countries such as the US, Germany, the UK, China, and India. Besides, the anti-stretch mark care segment is estimated to hold the highest share of the market during the forecast period. The segment is projected to expand due to the rising incidence of obesity, particularly among the elderly, and the rising demand for anti-stretch mark treatments, as well as the increased focus of key companies on developing innovative tools and products to treat stretch marks.

Anti-Aging Market: Regional Landscape

North America dominated the market for anti-aging in 2021. This is due to the region’s well-established infrastructure, the presence of significant market competitors, and the region’s increasing average lifespans and median age. However, the growing adoption of anti-aging products and cosmetic procedures, coupled with favorable reimbursement policies, is anticipated to bolster regional growth over the forecast period. Anti-Aging products, services, and technologies are becoming more popular. The growing aging and affluent baby boomer population, as well as rising beauty and health awareness among generation X and Y, are driving the market growth over the upcoming years.

Anti-Aging Market: Competitive Landscape

Some of the main competitors dominating the global anti-aging market include- Unilever Group, GALDERMA LABORATORIES L.P., Procter & Gamble (P&G) Company, Nu Skin Enterprises Inc., Hologic Inc., Pierre Fabre S.A., Shiseido Company Limited, Candela Corporation, Home Skin ovations Ltd., Estee Lauder

Recent Developments

  • January 2021: Amor pacific-owned South Korean brand, ‘Innisfree’ announced the launch of a new anti-aging line, ‘Black Tea Youth Enhancing’, in Singapore after witnessing a huge success in South Korea.
  • August 2020: Merck Kagan entered a strategic cooperation with the Chinese cosmetics company Pichon Group to develop herbal technology and planned to launch a new product line – Pichon Shenyang anti-wrinkle repair series.

Global Anti-Aging Market is segmented as follows:

Anti-Aging Market by Products Outlook

  1. Anti-wrinkle
  2. Hair Color
  3. Ultraviolet absorption
  4. Anti-stretch mark

Anti-Aging Market by Treatment Outlook

  1. Hair restoration
  2. Anti-pigmentation
  3. Adult acne therapy
  4. Breast augmentation
  5. Liposuction
  6. Chemical peel

Anti-Aging Market by Demography Outlook

  1. Generation X
  2. Baby Boomers
  3. Generation Y
  4. Generation Z

Anti-Aging Market by Devices Outlook

  1. Anti-cellulite treatment
  2. Laser aesthetic devices
  3. Microdermabrasion devices
  4. Radiofrequency devices
  5. Others

Anti-Aging Market by End User Outlook

  1. Hospitals
  2. Clinics
  3. Home healthcare

Anti-Aging Market by Region Outlook

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
Anti-Aging Market Report Scope
Report Attribute Details
Market Size Value in 2022 USD 62.71 billion
Revenue Forecast in 2028 USD 95.17 billion
Growth Rate CAGR of 7.2 % From 2022 to 2028
Base Year for Estimation 2021
Historical Data 2017 – 2021
Forecast Years 2022 – 2028
Quantitative Units Revenue in USD million and CAGR from 2022 to 2028
Report Coverage Revenue forecast, company ranking, Trends
competitive landscape, and growth factors
Segments Covered Products, Treatment, Demography, Devices, End-User, and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
Key Companies Profiled Unilever Group, GALDERMA LABORATORIES L.P., Procter & Gamble (P&G) Company, Nu Skin Enterprises Inc., Hologic Inc., Pierre Fabre S.A., Shiseido Company Limited, Candela Corporation, Home Skin ovations Ltd., Estee Lauder

Frequently Asked Questions

The main reasons anticipated to propel the anti-aging market during the forecast period were due to the rising demand for cosmetic products and increasing disposable income.
According to beyond market insights, the global anti-aging market size was worth USD 58.50 billion in 2021 and is estimated to grow to USD 95.17 billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.2 % over the forecast period.
North America is anticipated to continue leading the anti-aging market throughout the projected period due to the increased availability of products, together with increased access to diverse domestic and international brands via e-commerce.
Some of the main competitors dominating the global anti-aging market include – Unilever Group, GALDERMA LABORATORIES L.P., Procter & Gamble (P&G) Company, Nu Skin Enterprises Inc., Hologic Inc., Pierre Fabre S.A., Shiseido Company Limited, Candela Corporation, Home Skin ovations Ltd., Estee Lauder

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