Global Anti-Aging Market 2019-2027

Market Outlook

According to this research, the global anti-aging market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 7.94%.

Biochemical changes constantly take place in the body as we age, and this results in the gradual degeneration of the body. The physical effects of aging are evident mostly on an individual’s skin and hair, and to deal with these issues, many anti-aging products, devices and services are available in the market. This has given rise to a thriving anti-aging market.

The upswing in the aging populace, rise in the number of people with obesity, increase in awareness regarding anti-aging products and newer inventions with respect to anti-aging treatments drive the global anti-aging market. However, the side-effects of anti-aging products are a cause of concern, due to which many consumers are reluctant to buy these products. They have now started to switch over to natural & organic products, which are considered safer for the skin. Also, the management of cosmetics logistics requires a lot of prowess in numerous areas like handling high volumes of product, understanding temperature and obstacles, navigating licenses and ensuring on-time delivery at a competitive cost. Therefore, all these factors create hindrances in the growth of the market.

Added to this, the rising household disposable income per capita, along with aggressive marketing & promotion strategies and the increase in the number of people opting for hair restoration procedures, are excellent opportunities to push the growth of the market further. On the other hand, factors such as stringent regulations by the government concerning cosmetics & devices and the adoption of home remedies by a large number of consumers significantly challenge the market growth.

Regional Outlook

The global market for anti-aging spans across the regions of Europe, Latin America, the Asia-Pacific, North America and the Middle East and Africa.

Among all other geographical regions, North America demonstrates the highest potential for the expansion and growth of the anti-aging market. The paradigm shift from invasive or open surgical treatment to minimally-invasive and non-invasive treatment methodologies has represented a key trend in North America. The growth of the market in this region is mainly driven by the increased demand for both stand-alone and hand-held anti-aging devices in addition to the existence of favorable reimbursement scenario in countries of the US and Canada. In addition to this, easy accessibility to modern devices and high public awareness related to the presence of different types of anti-aging products & devices in the market have further accelerated the adoption rate of anti-aging products in countries of North America.

Competitive Outlook

The companies that have been mentioned in the anti-aging market report are Cynosure (acquired by Hologic), Revlon, PhotoMedex, Inc. (acquired by Radiancy, Inc.), L’oréal S.A., Allergan plc, Personal Microderm, Coty, Inc., Avon Products, Inc., Syneron Candela, Beiersdorf (acquired by Tchibo Holding AG), Olay (acquired by Procter & Gamble), Lutronic Corporation, Alma Lasers, Inc. (acquired by Fosun Pharma), Solta Medical (Valeant Pharmaceuticals) and Lumenis Ltd. (acquired by Xio).

L’Oréal S.A. develops, manufactures and commercializes cosmetic products for women and men worldwide. The company operates its business through four divisions, that include L’oréal Luxe, Consumer Products, Active Cosmetics and Professional Products. It provides various cosmetic products, that include hair care products, shampoos, shower gels, cleansers, skincare products, hair colors, deodorants, styling products, make-up, sun care products, perfumes, etc. At the end of 2017, the company achieved a revenue of $29.45 billion, in which its consumer products segment contributed 46.6% share of the overall revenue of the company. L’Oréal has its geographical presence across North America, Europe, the Asia-Pacific and others.