Industry Overview
The global Anti-Aging Market is expected to grow from USD 59.6 billion in 2023 to USD 90.2 billion in 2030 at a CAGR of 7.2% during the forecast period ranging from 2025 to 2030.
Aging is a natural process that involves a series of biochemical procedures taking place within the body. Anti-aging refers to the process of slowing down the reactions and outcomes with the help of medication and other methods. This is the process of reducing visible aging signs such as fine lines or wrinkles on the face. Different anti-aging products come with retinoids, peptides, and antioxidants that are good for the skin. Medical treatments or procedures such as fillers, Botox, and laser therapy also help develop young and rejuvenated skin to reduce signs of aging.
The increase in the aging population and the rise in consumer awareness of specific treatments propel the growth of the market. In addition, rising investments in further research and developments to produce finer products and the growing consumer demand also facilitate market growth. Furthermore, easy accessibility of different products and anti-aging cosmetic procedures also pushes the market forward.
The stringent regulatory requirements for using anti-aging devices are preventing widespread adoption and hindering the growth of the anti-aging market. However, rising investment by manufacturing companies in research and development to produce more effective products is creating novel growth opportunities for the market.
Market Segmentation
Insight by Product
The global anti-aging market is divided by-products into hair color, anti-stretch marks, anti-wrinkle, ultraviolet absorbers, and other segments. Among all these segments, the anti-wrinkle segment will account for the largest share of the market during the forecast period due to growing preference for Botox and dermal filter procedures and awareness among people.
Insight by Device
The global anti-aging market is divided by devices into laser, microdermabrasion, radiofrequency, anti-cellulite, and other segments, where the growing demand for at-home anti-cellulite treatment devices will push the anti-cellulite segment more than the others.
Insight by Treatment
The global anti-aging market is divided by treatment types into liposuction, anti-adult acne therapy, hair restoration treatment, breast augmentation, chemical peel, anti-pigmentation, and other categories. Out of these categories, the hair restoration treatment segment is expected to grow more due to growing adoption.
Insight by Demography
The different demography also divided the global anti-aging market into baby boomer, generation Y, and generation X segments. Among all these segments, the Generation X segment will grow more due to higher awareness and consciousness about aesthetic appearance among people.
Global Anti-Aging Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. 59.6 Billion
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Revenue Forecast in 2030
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U.S.D. 90.2 Billion
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Growth Rate
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7.2%
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Segments Covered in the Report
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By Product, By Device, By Treatment and By Demography
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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North America, Europe, Asia-Pacific, Middle East, and Rest of the World
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Industry Dynamics
Industry Trends
Lately, a large number of manufacturing companies have been trying to enter the anti-aging market. There is also a significant rise in the demand for specific products, such as different types of skincare products, supplements, and nutraceuticals. Moreover, a wide range of cosmetic procedures are offered now to address aging concerns due to the significant development in technology and the availability of better devices.
Growth Drivers
One of the most significant growth factors of the global anti-aging market is higher disposable income and the growing volume of anti-aging cosmetic procedures. Also, the growing aging population with higher awareness of aging signs, which has enhanced the demand for skincare products, is propelling the market growth. Technological advancement and development of products, growing preference of people for easy-to-use at-home anti-aging devices, growing preference for non-invasive or minimally invasive treatment, higher medical tourism, and growing use of e-commerce platforms are also fueling the market growth.
Challenges
The high cost of the treatments discourages a lot of people from availing them, thereby hindering widespread adoption and growth of the market. Add to that, people are also worried about the possible side effects such treatments may have including allergic reactions to long-term impacts. This also affects its widespread use and growth in the anti-aging market.
Opportunities
The growing adoption of anti-aging products and treatments among people with an intent to retain their youthful look and enhance the health of the skin is creating novel growth opportunities. The rising awareness among consumers about their benefits is also offering new growth opportunities.
Geographic Overview
North America is expected to dominate the market due to higher cases of obesity, growing awareness among people about aging and the treatments available, and the increasing geriatric population.
The Asia-Pacific market is expected to grow at a higher rate due to the growing geriatric population, rising awareness about the benefits, growth in medical tourism, and higher disposable income among the population.
Competitive Insight
Key players in the anti-aging industry are catering to the demand for these devices by investing in technologically advanced products in their product portfolio across the globe. The Procter & Gamble Company, Coty Inc., Syneron Medical Ltd., Nu Skin Enterprises Inc., L’Oréal S.A, Allergan plc, The Estée Lauder Companies Inc., Hologic Inc., and Home Skinovations Ltd. are the key players offering anti-aging.
Coty Inc. is one of the world’s beauty companies with a portfolio of brands across fragrance, colour cosmetics, and skin and body care has launched the adidas Sports Fragrances in India.
Syneron Medical Ltd. also known as Syneron Candela, is a company that develops and markets devices for cosmetic surgery procedures like hair removal and wrinkle treatments.
Recent Developments by Key Players
L'Oreal (French personal care company) entered into the Indian dermocosmetic market and introduced L'Oreal Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market will bring products to dermatologists, patients, and consumers.
The Anti-Aging Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Product
- Hair Color
- Anti-Stretch Marks
- Anti-Wrinkle
- Ultraviolet Absorbers
- Others
- By Device
- Laser
- Microdermabrasion
- Radiofrequency
- Anti-Cellulite
- Others
- By Treatment
- Liposuction
- Anti-Adult Acne Therapy
- Hair Restoration Treatment
- Breast Augmentation
- Chemical Peel
- Anti-Pigmentation
- Others
- By Demography
- Baby Boomer
- Generation Y
- Generation X
Region Covered in the Report
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
