Anti-wrinkle Products Market Size, Industry Analysis Report By type (oils, serum, lotion, and others), By distribution channel (Hypermarkets/supermarkets, B2B, E-commerce, Specialty retail, and others), By application (herbal, synthetic, organ) & Region – Forecasts By 2030
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 238
- CATEGORY
- Retails & Consumer
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.
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.
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 organ’s 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.
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
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.
Anti-wrinkle Products Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are L’Oreal Paris, Clarins, Nykaa E-Retail Pvt. Ltd., The Estée Lauder Companies Inc., PROCTER & GAMBLE, Revlon, Forest Essentials, Unilever, Beiersdorf, Coty Inc., AVON Beauty Products India Pvt Ltd., Missha, LOTUS HERBALS, Oriflame Cosmetics AG, Lakmé, Chanel, SkinFood, NATURE REPUBLIC, Allergan and Shiseido Co. Ltd., among other domestic and global players.
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-
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)
Quality Assurance Process
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Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
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- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
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.
What are the drivers shaping various markets?
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 organ’s 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.
Who are the key competitors of market Players?
Some of the major players operating within the market are L’Oreal Paris, Clarins, Nykaa E-Retail Pvt. Ltd., The Estée Lauder Companies Inc., PROCTER & GAMBLE, Revlon, Forest Essentials, Unilever, Beiersdorf, Coty Inc., AVON Beauty Products India Pvt Ltd., Missha, LOTUS HERBALS, Oriflame Cosmetics AG, Lakmé, Chanel, SkinFood, NATURE REPUBLIC, Allergan and Shiseido Co. Ltd., among other domestic and global players.
What are the top performing segments, and countries / regions of each of the markets?
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.
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