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Anti-aging Cosmetics Market Size to Reach $60.26 Billion by 2026; High Inclination Towards Natural Cosmetic Products to Favor Growth

May 14, 2020 | Consumer Goods

The global anti-aging cosmetics market size is expected to reach $60.26 billion by 2026. The rising inclination towards natural and organic cosmetic products will promote healthy growth of the anti-aging cosmetics market share during the forecast period. As per the survey conducted by Molecular Diversity Preservation International (MDPI), in 2019,  for ‘Green Consumer behavior in the cosmetics market’ in Hungry, nearly 70% of the respondents out of 196 prefer to buy natural cosmetics products and are willing to pay extra money to have the cosmetics made of natural ingredients, mentioned in a report, titled “Anti-aging Cosmetics Market Size, Share & Industry Analysis, By Product Type (Skin Care, Hair Care, Make-up, Eye Care, and Others), Product Form (Cream, Lotion, Serum, and Others), End-User (Women and Men), Distribution Channel (Supermarkets/Hypermarkets, Cosmetic Stores, Online Stores, and Others), and Regional Forecast, 2019-2026” the market stood at $38.62 billion in 2018 and is expected to exhibit a CAGR of 5.8% between 2019 to 2026.


Launch of MONAT Skincare by MONAT® to Favor Growth


MONAT Global Corp, a renowned anti-aging product pioneer, announced the launch of MONAT Skincare, thus, enlarging its naturally based anti-aging products beyond haircare. The skincare line will include four exclusive revolutionary products, Be Balanced™ Foamy Cleanser, Be Balanced™ Lightweight Moisturizer, Be Gentle™ Creamy Cleanser, Be Gentle™ Nourishing Moisturizer, Berry Refined Scrub™, Eye Smooth™ Nourishing Eye Cream, Rewind™ Age Control Nectar and Skin Revitalizing Essence™, which are natural, vegan and cruelty-free. The introduction of the new product line by MONAT can be a major factor in augmenting the growth of the global market during the forecast period owing to its design and ingredients such as botanical oils, nutrient-rich exotic fruits, plant-based stem cells, and rejuvenating peptide for natural anti-aging. Furthermore, the increasing acquisition and partnership among key companies will enable speedy expansion of the market in the forthcoming years. For instance, in January 2019, Gryphon Investors, an eminent private equity firm with more than $2.5B in assets announced that it has acquired RoC Skincare, a major anti-aging skincare company.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/anti-aging-cosmetics-market-102768


Rising Awareness Regarding Beauty Products to Create Lucrative Business Opportunities


The growing understanding of anti-aging products among the geriatric population will have a positive impact on the market growth for anti-aging cosmetics. As per the data published by the United Nations Department of Social Affairs under “World Population Aging 2019-Highlights”, by 2050, 1 in 6 persons in the world will be over the age of 65 than that of 1 in 11 in 2019. Increasing awareness through events and campaigns for beauty and personal care products and their benefits will further enable speedy expansion of the market during the forecast period.  Additionally, the increasing emphasis on personal health and hygiene will contribute effectively to the market during the forecast period. Nonetheless, the growing cognizance about the disadvantages of aging skin such as skin problems, skin infections, increased radiation sensitivity, collagen degradation, and others will spur demand for organic beauty products in the forthcoming years.


Implementation of Revolutionary Methods by Key players to Consolidate Market


The prominent players in the market are focused on launching organic and natural anti-aging products. The growing knowledge among consumers about the side effects and allergic reactions from synthetic ingredients has led to the innovation of clinically proven organic cosmetic products by leading players. Key players are investing heavily in R&D activities for the development of novel and natural beauty products to reinforce their position in the market during the forecast period. Nonetheless, the growing strategic acquisitions, partnerships, and product launches by eminent players will consolidate the industry in the foreseeable future.


The Report Lists the Prominent Players in this Market:



  • L’Oréal Professional

  • Unilever

  • Procter & Gamble

  • Estée Lauder Inc.

  • Beiersdorf AG

  • Shiseido Co., Ltd.

  • Coty Inc.

  • Natura & Co.

  • Kao Corporation


Further Report Findings:



  • Regional Analysis: The market in Asia Pacific stood at USD 19.13 billion in 2018 and is predicted to rise exponentially during the forecast period owing to the growing geriatric population. The surge in emerging players is expected to have a positive effect on the market growth in Asia Pacific.

  • Leading Segment: The skincare segment held the lion’s share in 2018 and is expected to remain dominant during the forecast period owing to the availability of wide-ranging anti-aging skincare products such as gels, lotions, creams, and others. Moreover, the rising consumer preference for anti-aging skincare cosmetics will aid segment growth.


This Market is Segmented into:














































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion)



Segmentation



By Product Type



  • Skin Care

  • Hair Care

  • Makeup

  • Eye Care

  • Others



By Product Form



  • Cream

  • Lotion

  • Serum

  • Others



By End-User



  • Women

  • Men



By Distribution Channel



  • Supermarkets/Hypermarkets

  • Cosmetic Stores

  • Online Stores

  • Others (Pharmacies, Convenience Stores etc.)



By Geography



  • North America (U.S. Canada, and Mexico)

  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia- Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • The Middle East & Africa (South Africa, UAE, Saudi Arabia, and Rest of the Middle East & Africa)


Anti-aging Cosmetics Market
  • PDF
  • 2018
  • 2015-2017
  • 125

    CHOOSE LICENSE TYPE

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