Anti-wrinkle Products- Description
Antioxidants are typically found in anti-aging products, which also aid in hydrating the skin. Technology development has led to the emergence of increasingly advanced and radical anti-wrinkle products on the market.
Global Anti-wrinkle Products Market- Overview
The Global Anti-Wrinkle Products Market is presently worth USD 9.1 billion and is poised to amplify at a CAGR of 5.8% over 2022-2030, thereby amassing a valuation of USD 12.8 billion by end of the assessment timeline.
One of the key variables predicted to significantly influence the growth rate of the anti-wrinkle products market is the rise in the body's shortage of critical nutrients. Furthermore, the market for anti-wrinkle products is anticipated to grow between 2021 and 2028 as a result of an increase in the geriatric population around the world and technical developments in the cosmetics sector.
The market is also significantly influenced by the quick innovation of new products. The market for anti-wrinkle products is also anticipated to increase significantly as a result of the high product accessibility and rising preference for digital payments. High levels of pollution and UV exposure are also among the main elements anticipated to promote the increase.
Global Anti-wrinkle Products Market- Key trends
More skin aging will help the market expansion
Skin ageing is characterised by a steady decline in the skin's functional abilities as a result of, among other things, modifications in the way some bodily organs function and general fitness levels. Therefore, the demand for anti-wrinkle products has increased as a result of the growing consumer demand for goods that quickly reduce the signs of ageing, including wrinkles, lines, blemishes, frown lines, and pigmentation.
The degree and extent of promotion is likely to increase in the near future will help the market growth
Additionally, the per capita consumption and expenditure of skin care products around the world have been significantly impacted by the promotional strategies employed by various manufacturers. It has been noticed recently that the majority of the top anti-wrinkle product brands have started to market their products as high quality, organic, natural, safe, and extremely effective. The level and scope of promotion is projected to rise in the near future, which will boost both the market for anti-wrinkle product ingredients and the overall anti-wrinkle product market during the forecast period.
Global Anti-wrinkle Products Market- Segmental assessment
By type
Oils
Serums
Lotions
Others
By application
Herbal
Synthetic
Organic
Others
By distribution channel
Hypermarkets/supermarkets
B2B
E-commerce
Specialty retail
Others
Global Anti-wrinkle Products Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2022-2030.
Global Anti-wrinkle Products Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are LOreal Paris, Clarins, Nykaa E-Retail Pvt. Ltd., The Este Lauder Companies Inc., PROCTER & GAMBLE, Revlon, Forest Essentials, Unilever, Beiersdorf, Coty Inc., AVON Beauty Products India Pvt Ltd., Missha, LOTUS HERBALS, Oriflame Cosmetics AG, Lakm, Chanel, SkinFood, NATURE REPUBLIC, Allergan and Shiseido Co. Ltd., among other domestic and global players.
Report scope
Global Anti-wrinkle Products Market: Historical Years- 2018-2021
Global Anti-wrinkle Products MarketL: Forecast Years- 2022-2030
Global Anti-wrinkle Products Market 2022- USD 9.1 billion
Global Anti-wrinkle Products Market 2030- USD 12.8 billion
Global Anti-wrinkle Products Market CAGR- 5.8%
Key segments covered-
1) By type (oils, serum, lotion, and others).
2) By distribution channel (Hypermarkets/supermarkets, B2B, E-commerce, Specialty retail, and others).
3) By application (herbal, synthetic, organ, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- LOreal Paris, Clarins, Nykaa E-Retail Pvt. Ltd., The Este Lauder Companies Inc., PROCTER & GAMBLE, Revlon, Forest Essentials, Unilever, Beiersdorf, Coty Inc., AVON Beauty Products India Pvt Ltd., Missha, LOTUS HERBALS, Oriflame Cosmetics AG, Lakm, Chanel, SkinFood, NATURE REPUBLIC, Allergan and Shiseido Co. Ltd., among other domestic and global players.
