According to a new market report published by
Lucintel, the future of the anti-aging market looks good with opportunities in skin care and hair care. The global anti-aging
market is expected to reach an estimated $66.2 billion by 2023 with a CAGR of 5.7%
from 2018 to 2023. The major growth drivers for this market are the growing
aging population and increasing awareness about the advantages of using anti-aging
products.
In this market, anti-wrinkle, anti-stretch
mark, nourishment, anti-pigmentation and, acne, hair care, sun care and herbal
are the major product types of the anti-aging market. On the basis of comprehensive research, Lucintel
forecasts that the anti-wrinkle product will
show above average growth over the forecast period.
By application
type, the global anti-aging market is segmented into skin care and hair care.
The skin care application is the largest market mainly due to rapidly increasing
consumer consciousness about using these products to promote or maintain a younger
appearance.
APAC is expected to witness the
highest growth over the forecast period due to rapid
growth in the aging population base, increasing awareness regarding signs of
aging, and increased spending capacity.
Emerging trends, which have a direct impact on
the dynamics of the market, include integration of alphabetic formulation in
anti-aging products, increasing usage of multifunctioning anti-aging products,
and rising demand for natural and organic ingredients in anti-aging products. L’Oréal
SA, Procter & Gamble, Estee Lauder Companies Inc., Unilever PLC, and
Allergen PLC are among the major manufacturers of the global anti-aging market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global anti-aging market by product, application, age, and region. Lucintel has
compiled a comprehensive research report entitled “Growth
Opportunities in the Global Anti-Aging Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy, as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global anti-aging
market by product, application, age, and region as follows:
By Product Types ($ Million from 2012 to 2023):
·
Anti-Wrinkle Products
·
Anti-Stretch Mark Products
·
Nourishment Products
·
Anti-Pigmentation and Acne Products
·
Hair Care Products
·
Sun Care Products
·
Herbal Products
·
Others
By Application Type ($ Million from 2012 to
2023):
·
Skin Care
·
Hair Care
By Age Group ($ Million from 2012 to 2023):
·
Baby Boomers
·
Generation X
·
Generation Y
By Region ($ Million from 2012 to 2023):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
United Kingdom
o
Germany
- Asia Pacific
o
China
o
India
o
Japan
- The Rest of the World
o
Brazil
o
The Middle East
This
149-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the anti-aging market
by product (anti-wrinkle, anti-stretch mark, nourishment, anti-pigmentation,
and acne, hair care, sun care products, herbal products, and others) by
application (skin care and hair care), age (baby boomers, generation X, and
generation Y), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will grow at a faster pace
and why?
Q.3.
Which region will grow at a
faster pace and why?
Q.4.
What are the key factors affecting
market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are some
of the changing demands of customers in the market?
Q.8. What are the
new developments in the market and which companies are leading these
developments?
Q.9. Who are the major players in this market?
What strategic initiatives are key players pursuing for business growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the market?
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