Global Anti-Ageing Market Report and Forecast 2024-2032

Global Anti-Ageing Market Size

The global anti-ageing market value reached USD 68.33 billion in 2023. The market is expected to grow at a CAGR of 7.5% in the forecast period of 2024-2032 to reach a value of USD 131.02 billion by 2032.

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Global Anti-Ageing Market Growth

The global anti-ageing industry is being propelled by growing concern of consumers about their physical appearance and aesthetic traits, which results in increased demand for many anti-aging products and equipment. The rising cosmetics and personal care industry is helping to boost the demand for the anti-ageing market.

Consumers aged between 35-55 years dominate the industry, reached more than half of the overall share. Additionally, anti-ageing products and services are more popular among women than men, which is taking the sector growth forward. Consumers having high incomes rule the sector as they can easily afford such products and services.

Global Anti-Ageing Market Analysis

Skincare, among other industries, accounts for the bulk of market share due to customers' heightened concern about their skin health and look. The skin-care industry is followed by the haircare and dental-care industries ensuring the continued anti-ageing industry growth. France has the largest anti-ageing market in the world due to its high level of living and use of premium variations of these products.

Ageing is a biological process that affects an individual's fitness and physical appearance, leading the human body to degrade over time. Anti-ageing is the process of minimising the effects of ageing using various treatments and techniques which enables the growth of the anti-ageing market.

Global Anti-Ageing Industry Outlook

The expanding older population, both in the the Middle East and Australia, has important ramifications for the anti-aging sector, boosting the anti-ageing industry revenue.

In the MENA region, the elderly population is expected to grow significantly in the future decades. Bahrain's population aged 65 and more will increase to 9.0% by 2030 and 25.4% by 2050. Similarly, Kuwait's old population is anticipated to climb from 5.2% in 2030 to 16.1% in 2050, while Oman's will rise from 8.3% to 22.5% during the same time. Population of people aged 80 years and more will also increase, with Bahrain's population expected to rise from 0.6% in 2030 to 4.3% in 2050. Lebanon, Tunisia, Egypt, and Saudi Arabia are all experiencing increase in the population.

Australia's elderly population is also increasing at a very fast rate. By 2023, there were approximately 4 million persons of 65 to 84 years of age, with 0.7 million aged 85 and above. This figure is anticipated to rise drastically, with 6 million people aged 65 to 84 and 1 million over the age of 85 expected by 2033. By 2053, the population 65 to 84 years of age is anticipated to reach over 8 million, with those aged 85 and above approaching 2 million leading to a significant growth of the anti-ageing market.

This generational change leads to increasing demand for anti-aging products and services. As the elder population grows, there will be a higher demand for age-related solutions like cosmetics, vitamins, and wellness products. Companies dealing in anti-aging products can capitalize on this trend by focusing on technologies that meet the needs of the aging population. The increasing older population gives a tremendous opportunity for growth in the anti-aging industry, focusing the need of consumer base with personalized products and services.

The global anti-aging market is influenced by rising consumer interest in age-defying remedies.

• Consumers are increasingly looking for effective ways to reduce wrinkles, improve skin suppleness, and maintain a young appearance.

• Continuous innovation in anti-aging therapies, such as the creation of improved skincare products and technologies, is driving market expansion.

High production costs and strict regulatory compliances can limit market expansion.

• The development and production of cutting-edge anti-aging treatments frequently need extensive research and high-quality components, resulting in premium pricing.

• The anti-aging sector is subject to stringent regulatory requirements to assure product safety and efficacy.

Rising disposable income and awareness of skincare offers present an expansion of anti-ageing market opportunities.

• Emerging markets are seeing an increase in demand for anti-aging products as middle-class populations grow and consumer spending on personal care increases.

• Introducing new anti-aging formulas and combining them with additional health benefits, such as skin hydration or UV protection, can help reach a larger audience.

Intensified competition and supply chain challenged poses potential threat.

• The anti-aging market is extremely competitive, with numerous brands competing for customer attention.

• Maintaining product quality and matching consumer expectations require a regular supply of high-quality ingredients as well as effective cost management.

Key Players in the Global Anti-Ageing Market and their Key Initiatives

L’Oréal S.A.

• Acquired Australian luxury brand AÄ“sop, enhancing holistic beauty and anti-aging portfolio.

• Expanded dermocosmetics offerings, driven by rising consumer demand for health-oriented skincare to meet the growing demand in of the anti-ageing market.

Beiersdorf AG

• Developed a new active ingredient to combat sugar-induced skin ageing after ten years of research.

• Entered a multi-year partnership with Rubedo Life Science to develop breakthrough anti-aging solutions.

The Estée Lauder Companies Inc.

• Launched the Estée Lauder Longevity Collective, focusing on skin longevity research and innovation to create new opportunities in the anti-ageing market.

• Announced a collaboration with the Stanford Center on Longevity to advance longevity research.

Procter & Gamble

• Launched Olay Regenerist Collagen Peptide 24, targeting collagen-depleted skin for a firmer appearance.

• Invested in R&D for advanced anti-ageing formulations, enhancing product efficacy and consumer satisfaction.

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Global Anti-Ageing Industry Segmentation

“Global Anti-Ageing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Demography

• Age Group

• Gender

• Income

Market Breakup by Industry

• Skin Care Industry

• Hair Care Industry

• Dental Care Industry

Market Breakup by product-types

• Anti-Wrinkle Products
  • Anti-Wrinkle Cream
  • Botulinum Toxin A Injections
  • Dermal Fillers
• Anti-Pigmentation
  • Anti-Pigmentation Creams
  • Chemical Peels
• Sunscreen Products

• Hair Care Products
  • Hair Colour products
  • Anti-Hair Fall products
  • Hair Gain products

Market Breakup by device and technology

• Microdermabrasion Devices

• Aesthetic Energy Devices
  • Laser Devices
  • Intense Pulsed Light Devices
  • Radio Frequency Devices
  • Ultrasound Devices

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Anti-Ageing Market Share

The growth of the anti-ageing market is benefiting from significant technological advancements, as well as the emergence of low-cost gadgets and services. Among various devices and technologies, the microdermabrasion devices category leads the business, accounting for a sizable market share. This expansion is being driven by increased consumer awareness of the availability of numerous anti-ageing devices.

The anti-ageing market dynamics and trends are being driven specialty stores and internet platforms which makes these products more accessible to customers. Increased Research and development activities will result in the launch of innovative anti-aging treatments and products, such as plastic surgeries and botulinum toxin injection therapies, which are likely to drive market growth throughout the projection period.

The industry is growing due to significant technological advancements, as well as the emergence of low-cost gadgets and services. Among various devices and technologies, the microdermabrasion devices category leads the business, accounting for a sizable market share, propelling the anti-ageing demand growth.

Leading Companies in the Anti-Ageing Market

These companies are significant players in the global beauty and personal care industry, having diverse portfolios of skincare, haircare, cosmetics, and fragrance goods. They are known for their inventiveness, high-quality products, and strong market presence.

• L’Oréal S.A.

• Beiersdorf AG

• The Estée Lauder Companies Inc. 

• Procter & Gamble

• Unilever

• Others

Key Highlights of the Report

Anti-Ageing Market Report Snapshots

Anti-Ageing Market Size

Anti-Ageing Market Growth

Anti-Ageing Market Analysis

Anti-Ageing Market Share

Anti-Ageing Companies