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Beyond the Sands of Time: Revolutionising the perception of ageing through age-defying solutions that unlock the secrets of youth is expected to lead the global anti-ageing market to cross USD 89 Billion by 2028.
Apr, 30
2023

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Beyond the Sands of Time: Revolutionising the perception of ageing through age-defying solutions that unlock the secrets of youth is expected to lead the global anti-ageing market to cross USD 89 Billion by 2028.

 

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In the dynamic and ever-evolving world of cosmetics and skincare, the emergence of anti-ageing products has heralded a new era of possibilities. These remarkable formulations have captured the attention of individuals seeking to unlock the secrets of eternal youth and radiance. With a focus on scientific innovation, meticulous research, and cutting-edge technology, anti-ageing products have redefined the standards of beauty and rejuvenation. The quest for ageless elegance and flawless skin has long been a cherished desire of individuals across the globe. In response to this universal aspiration, the beauty industry has risen to the challenge, harnessing the power of advanced ingredients and sophisticated formulations to develop a diverse range of anti-ageing products. These products are meticulously crafted to address the multifaceted concerns associated with ageing, including the appearance of wrinkles, fine lines, age spots, and loss of firmness. At the heart of these transformative formulations lies a deep understanding of the underlying causes of ageing. Drawing upon the rich pool of scientific knowledge, anti-ageing products combine innovative ingredients, such as peptides, retinoids, antioxidants, and hyaluronic acid, with carefully calibrated delivery systems to effectively target specific skin concerns. The harmonious interplay of these components stimulates cellular regeneration, boosts collagen production, improves skin elasticity, and promotes a more youthful and vibrant complexion. One key driver of the market's growth is the ageing population worldwide. As life expectancy increases and the proportion of older adults rises, there is a growing demographic of individuals looking for ways to combat the effects of ageing. This demographic shift has created a substantial market opportunity for anti-ageing products and treatments. Additionally, rising disposable incomes in many countries have enabled consumers to allocate a larger share of their budget towards personal care and appearance-enhancing products. The willingness to invest in high-quality anti-ageing products has contributed to the expansion of the market.

According to the research report "Global Anti-Aging Market Research Report, 2028," published by Actual Market Research, the market is anticipated to cross USD 89 billion by 2028, increasing from USD 60.69 billion in 2022. The market is expected to grow at a 6.89% CAGR by the end of the forecast period. The widespread popularity and global acclaim of anti-ageing products testify to their transformative abilities. As individuals strive to embrace the passage of time while maintaining their allure, these products have become indispensable allies in their pursuit of ageless beauty. By incorporating them into their daily skincare rituals, individuals can witness the remarkable transformation of their skin, unveiling a renewed sense of confidence, self-assurance, and timeless beauty. Advancements in skincare technology and scientific research have also played a crucial role in the growth of the anti-ageing market. On-going research and development efforts have led to the discovery and formulation of innovative ingredients, such as peptides, antioxidants, and retinoids, which have shown promising results in reducing the signs of ageing. These advancements have fuelled consumer confidence and further propelled the market's expansion. Changing consumer preferences and increasing awareness about the importance of skincare have further boosted the anti-ageing market. Consumers today are more knowledgeable and proactive about their skincare routines, seeking products that offer multiple benefits, such as moisturization, sun protection, and anti-ageing properties. This demand for multifunctional products has driven manufacturers to develop innovative formulations that cater to these evolving consumer needs. Furthermore, the influence of social media and digital marketing has significantly contributed to the growth of the anti-ageing market. Online platforms and beauty influencers have created heightened awareness of anti-ageing products and treatments, showcasing their benefits and driving consumer interest. The ease of access to product information and online shopping platforms has also facilitated the market's growth, allowing consumers to explore and purchase a wide range of anti-ageing products from the comfort of their homes.

The global anti-ageing market is segmented into five major regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is a prominent market for anti-ageing products and treatments. The region is characterised by a high level of awareness and adoption of skincare and anti-ageing regimens. The market is driven by factors such as a large ageing population, high disposable income, and a strong focus on wellness and personal care. The United States, in particular, holds a significant share of the market, with a robust demand for advanced anti-ageing solutions. The market is also influenced by trends such as natural and organic formulations, clean beauty, and preventive skincare approaches. The market is characterised by the presence of well-established brands, a high level of product innovation, and a diverse range of offerings catering to different consumer needs and preferences. Consumers in North America are increasingly seeking natural and organic products, clean beauty formulations, and personalised skincare solutions. The market is also influenced by trends such as at-home skincare devices, non-invasive cosmetic procedures, and a growing interest in preventive anti-ageing approaches. Europe is another key region in the global anti-ageing market. The region is characterised by a mature market with a strong emphasis on skincare and beauty. The market in Europe is driven by factors such as the presence of well-established cosmetic brands, a high level of consumer awareness, and a growing demand for anti-ageing treatments. The market also reflects preferences for scientifically backed products, clinical efficacy, and premium formulations. Regulatory frameworks, such as the European Union's Cosmetics Regulation, ensure safety and quality standards in the market. The market is also influenced by cultural factors, with each country having its own beauty rituals, skincare traditions, and consumer preferences.

The Asia-Pacific region is experiencing rapid growth in the anti-ageing market. The market is driven by factors such as a large population, rising disposable incomes, evolving beauty standards, and a growing middle class with an increased focus on personal grooming. In Asia, there is a strong emphasis on skincare as a preventive measure, and consumers often seek innovative ingredients, advanced technologies, and natural formulations. The region is also known for its thriving beauty and skincare industries, with South Korea being a hub for innovative skincare products and beauty trends. South Korea and Japan are renowned for their advanced skincare innovations, with a focus on ingredients like snail mucin, hyaluronic acid, and plant extracts. China's booming market is driven by a growing middle class, increased consumer awareness, and a desire for a youthful appearance. The market in Asia Pacific is characterised by the popularity of beauty rituals, such as the multi-step Korean skincare routine, and a preference for lightweight, hydrating formulations. South America has emerged as a growing market for anti-ageing products and treatments. Countries like Brazil, Mexico, and Argentina are major contributors to the market in the region. The market is driven by factors such as a large population, increasing consumer awareness, and a growing middle class with higher disposable incomes. In South America, there is a preference for multifunctional products that offer anti-ageing benefits along with other skincare properties. Natural and organic products also have a significant presence on the market. The market is driven by factors such as a desire for youthful appearance, increasing disposable incomes, and a preference for multifunctional products. Natural ingredients, such as acai, argan oil, and maracuja, are often incorporated into formulations, reflecting the region's rich biodiversity. However, in the Middle East and Africa, there is a preference for luxury and premium skincare products, as well as a demand for halal-certified and natural formulations. The market is influenced by cultural factors, with traditional beauty practises and natural remedies playing a role in skincare routines.

Based on the category, the treatment segment will dominate the market in 2022, whereas products are projected to grow at a significant rate by 2023ā€“28. Products and treatments are essential for maintaining the overall health of the skin. They provide nourishment, hydration, and protection against environmental aggressors, helping to keep the skin in optimal condition. Anti-ageing products and treatments are designed to prevent and minimise the visible signs of ageing such as wrinkles, fine lines, sagging skin, age spots, and uneven skin tone. They work by stimulating collagen production, improving skin elasticity, and promoting cellular turnover. As individuals age, their skin undergoes natural changes that can lead to dullness, loss of volume, and uneven texture. Anti-ageing products and treatments help rejuvenate and restore the skin by promoting cell regeneration, improving skin tone and texture, and enhancing its overall appearance. Products and treatments cater to individuals' needs and preferences. The market offers a wide range of options, allowing individuals to choose products and treatments that address their specific concerns, skin type, and lifestyle. This personalised approach ensures that individuals can tailor their anti-ageing regimen to suit their unique requirements. The field of anti-ageing constantly evolves with advancements in technology and research. This leads to the development of innovative products and treatments that offer improved results and efficacy. From cutting-edge ingredients to state-of-the-art procedures, the industry continues to push boundaries to provide effective solutions for anti-ageing. In addition to that, anti-ageing products and treatments contribute to a positive perspective on the ageing process. They promote healthy ageing by encouraging individuals to take care of their skin and overall well-being. By addressing ageing concerns, these products and treatments help individuals embrace the ageing process with confidence and grace. Based on the products, the anti-wrinkle segment will lead the market in 2022.

The global anti-ageing market is comprised of various treatments and procedures, including adult acne therapy, anti-pigmentation, hair restoration, breast augmentation, liposuction, chemical peels, and others such as radiofrequency treatment. Adult acne therapy is a growing segment in the anti-ageing market, as more adults are experiencing acne breakouts and seeking effective solutions. The market offers a range of products and treatments, including topical creams, oral medications, professional facial treatments, and laser therapies, specifically developed for treating adult acne. There is a growing demand for innovative and targeted solutions that address adult acne concerns, leading to on-going research and product development in this segment. The anti-pigmentation segment is significant in the anti-ageing market, as hyperpigmentation and uneven skin tone are common concerns. Various products and treatments are available to target pigmentation issues, such as topical creams, serums, chemical peels, microdermabrasion, and laser therapies. The market for anti-pigmentation products and treatments is driven by the increasing consumer demand for brighter, more even-toned skin and a desire to address sun damage and age spots. However, hair restoration treatments have gained prominence in the anti-ageing market due to the prevalence of hair loss and the desire for fuller, thicker hair. Surgical procedures like hair transplantation and non-surgical treatments such as low-level laser therapy and topical solutions for hair growth stimulation are commonly used. The hair restoration market continues to expand with advancements in technology, including robotic hair transplantation and stem cell therapy. Based on the distribution channel, the rejuvenation centres segment will dominate the market in 2022. On the other hand, the specialty store segment is expected to lead the market by 2028 based on product type.

Generation X will occupy the highest market share in 2022, with over 45%. Generation X is a key demographic in the anti-ageing market, focusing on both preventative and corrective measures. This generation is concerned about maintaining their youthful looks and preventing premature ageing signs. Generation X consumers are likely to invest in a range of anti-ageing products and treatments, including skincare routines, facial rejuvenation treatments, and minimally invasive cosmetic procedures. However, millennials are increasingly becoming a prominent consumer group in the anti-ageing market. While they may not exhibit significant signs of ageing yet, millennials prioritise proactive skincare and preventive measures. This generation is more inclined towards natural and organic products, seeking clean and sustainable anti-ageing options that align with their values. Although younger, Generation Z is showing an increasing interest in the anti-ageing market. This generation focuses on early prevention, skin health, and maintaining a youthful appearance. Generation Z consumers are likely to opt for skincare products with specific anti-ageing properties and adopt healthy lifestyle habits to delay visible signs of ageing. However, the baby boomer generation is highly conscious of ageing signs and seeks products and treatments to address wrinkles, fine lines, sagging skin, and age-related skin issues. Baby boomers often prioritise anti-ageing products and treatments that offer visible results and help them maintain a youthful appearance. Based on end users, women are expected to lead the market by the end of the forecast period. Women tend to be more engaged in skincare and beauty routines compared to men. They are more likely to invest time, effort, and money into skincare products, treatments, and rituals, including anti-ageing solutions. In many cultures, women are expected to prioritise their physical appearance and maintain a youthful look. This cultural emphasis on youth and beauty further contributes to the demand for anti-ageing products and treatments among women.

The future of the anti-ageing market lies in personalised solutions tailored to individual needs. Advances in technology, such as genetic testing, biomarkers, and AI-driven algorithms, will enable customised anti-ageing regimens based on genetic makeup, lifestyle factors, and specific skin concerns. Personalised skincare products, treatments, and lifestyle recommendations will gain popularity. The convergence of nutrition and cosmetics will continue to be a prominent trend in the anti-ageing market. Nutraceuticals and nutricosmetics, which are supplements and ingestible products containing bioactive compounds, antioxidants, and vitamins, will play a crucial role in promoting skin health, combating ageing signs, and supporting overall well-being. The demand for non-invasive and minimally invasive procedures will rise as consumers seek effective anti-ageing treatments with minimal downtime and fewer risks. Technologies such as laser therapy, ultrasound, radiofrequency, and light-based therapies will continue to advance, offering innovative non-surgical options for skin rejuvenation, wrinkle reduction, and body contouring. Combining multiple anti-ageing treatments and modalities to achieve synergistic effects will become more prevalent. Dermatologists and aesthetic practitioners may recommend a combination of procedures such as injectables, laser treatments, and skincare regimens tailored to individual needs, offering comprehensive and optimised results.

Technology will continue to shape the future of the anti-ageing market by enabling virtual consultations, remote monitoring, and AI-powered skincare analysis. Telemedicine platforms, mobile apps, and virtual reality tools will facilitate personalised consultations, skincare assessments, and remote monitoring of treatment progress, enhancing convenience and accessibility for consumers. The growing consumer focus on sustainability and clean beauty will extend to the anti-ageing market. Eco-friendly and sustainable packaging, ethically sourced ingredients, and clean formulations free from harmful chemicals and allergens will be preferred by environmentally conscious consumers. There will be an increased emphasis on holistic approaches to anti-ageing, focusing on internal well-being and lifestyle factors. Consumers will adopt healthier lifestyles, including balanced diets, regular exercise, stress management techniques, and mindfulness practises, understanding that these factors significantly impact ageing and overall vitality. The discovery and incorporation of advanced skincare ingredients will drive innovation in the anti-ageing market. Ingredients like peptides, stem cells, growth factors, botanical extracts, and innovative delivery systems will continue to emerge, offering enhanced skin rejuvenation, hydration, and protection against environmental damage.