Global Anti-Aging Product Market Report and Forecast 2024-2032

Global Anti-Aging Product Market Outlook

The global anti-aging product market size reached around USD 56.2 billion in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching almost USD 99.9 billion by 2032.

Key Takeaways:

• The increasing demand for facial creams and lotions is expected to propel the market growth.

• Online retail stores are expected to become an increasingly popular channel for purchasing anti-aging products.

• The discovery of new and innovative cosmetic ingredients is expected to accelerate the market development in the forecast period.

Sunscreens are expected to constitute a major portion of the global anti-aging product market share. 80% of skin changes among ageing people are caused by prolonged exposure to sun rays. When keratinocytes (the topmost layer of skin cells) get damaged, the skin starts looking red and patchy, resulting in actinic keratosis. Further exposure can lead to solar lentigines, which results in permanent hyperpigmentation with damage to melanocyte cells. The long wavelengths of UVA rays can cause the breakdown of essential proteins such as elastin and collagen, which can trigger the appearance of wrinkles and fine lines. Such factors are driving the demand for sunscreens.

The increasing proportion of aging population is expected to make the Asia Pacific a key market for anti-aging products, including facial creams and lotions, serums, and under-eye creams among others. The rising rate of smartphone penetration and internet accessibility is also expected to propel the anti-aging product market growth, with online retail stores emerging as one of the key distribution channels for people over the forecast period.

As consumers embrace healthy ageing and companies switch towards realistic marketing and consumer messaging strategies, the sale of anti-aging products is expected to witness significant growth, especially among high-income consumers and late boomers.

Market Segmentation

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

Market Breakup by Product Type

• Facial Creams and Lotions

• Serums and Concentrates

• Under Eye Creams

• Others

Market Breakup by Distribution Channel

• Supermarket and Hypermarket

• Speciality Stores

• Convenience Stores

• Online Retail Stores

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

The key global anti-aging product market players are Estee Lauder Companies Inc., L'Oreal S.A., Johnson & Johnson, LVMH Moet Hennessy Louis Vuitton SE, Beiersdorf AG, Shiseido Company, Limited, Groupe Clarins, Oriflame Holding AG, Revlon Inc., and Kosmoderma Healthcare Pvt. Ltd., among others.

Key Highlights of the Report