Asia Pacific Anti-Aging Market Report and Forecast 2024-2032

Asia Pacific Anti-Aging Market Outlook

The Asia Pacific anti-aging market size reached USD 9.30 billion in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032, reaching almost USD 16.70 billion by 2032.

Key Takeaways:

• Every ¼ people residing in the Asia-Pacific region are expected to be over 60 years old by 2050.

• Women are expected to constitute a majority (60% share) in the population of old people (1.3 billion) by 2050 in the Asia Pacific.

• Japan is expected to constitute a major portion of the Asia Pacific anti-aging market share.

The increasing focus on ensuring preventative protection of the skin is expected to drive innovations in product formulations and cosmetic ingredients, thereby propelling the Asia Pacific anti-aging market growth. Indonesia, Vietnam, and Singapore are expected to surpass India, Malaysia, and the Philippines to emerge as key markets in the region. This is because the geriatric population in these regions is expected to record a double-digit growth by 2040. Moreover, Japan is expected to remain a key market for anti-aging products, since senior citizens constitute nearly 35% of its population. This is expected to sustain the Asia Pacific anti-aging market expansion over the forecast period.

Increasing research and investment into the development of new cosmetic molecules is expected to surge the demand for anti-pigmentation products, positively influencing the Asia Pacific anti-aging market. The recent discovery and incorporation of innovative ingredients such as melasyl (by Loreal Group) into skincare products have the potential to minimise dark spots, post-acne scars, and melasma among ageing people. Such ingredients can also prevent the occurrence of marks on the skin with clinically proven safety and efficacy. This is expected to fuel the demand for cosmetic products among consumers, thereby driving the Asia Pacific anti-aging market development.

Market Segmentation

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

Market Breakup by Product Type

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

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

Market Breakup by Devices and Technology

• Microdermabrasion Devices

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

Market Breakup by Demography 

• Age Group

• Gender

• Income

Market Breakup by Industry

• Hair Care Industry

• Skin Care Industry

• Dental Care Industry

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

The key Asia Pacific anti-aging product market players are Estee Lauder Companies Inc., L'Oreal S.A., Johnson & Johnson, Panasonic Holdings Corp., Koninklijke Philips N.V., Beiersdorf AG, Shiseido Company, Limited, Groupe Clarins, Merck KGaA, and Revlon Inc., among others.

Key Highlights of the Report