Anti-wrinkle Products Market Size To Worth USD 30.71 Billion By 2033 | CAGR of 7.78%
Category: Consumer GoodsGlobal Anti-wrinkle Products Market Worth USD 30.71 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Anti-wrinkle Products Market Size is Estimated to Grow from USD 14.52 Billion in 2023 to USD 30.71 Billion by 2033, Growing at a CAGR of 7.78% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 132 Market data tables and figures & charts from the report on the "Global Anti-wrinkle Products Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Cream, Serum, Oil, Lotion, and Others), By Active Ingredients (Hydroxy Acids, Vitamin C, and Others), By End-user (Men and Women), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Outlets, Convenience Stores, Beauty Stores, Pharmacies, E-retailers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/anti-wrinkle-products-market
The global anti-wrinkle products market is the market for medical and cosmetic treatments intended to delay or prevent the appearance of wrinkles and other signs of aging. Anti-wrinkle products often contain antioxidants and skin-hydrating substances. The rising life expectancy and lifelong wellness that are contributing to the world's aging population are among the main reasons for the global increase in the usage of anti-wrinkle products. The market for anti-wrinkle products is also being driven by rising consumer awareness and demand for skincare products. However, customers' concerns over specific items' efficacy and potential drawbacks are major problems.
The cream segment held the largest share of 34.21% in 2023 and is estimated to grow at a CAGR of 6.81% throughout the projection period.
Based on the product type, the global anti-wrinkle products market is categorized into cream, serum, oil, lotion, and others. Among these, the cream segment held the largest share of 34.21% in 2023 and is estimated to grow at a CAGR of 6.81% throughout the projection period. The market for anti-wrinkle creams is primarily driven by the aging of the global population and the rising number of consumers willing to spend money on products that reduce the appearance of wrinkles. This market is also growing as a result of several marketing and advertising initiatives run by significant sector players.
The vitamin C segment anticipated the largest market share of 22.41% in 2023 and is estimated to grow at a CAGR of 6.11% throughout the projection period.
Based on the active ingredients, the global anti-wrinkle products market is classified into hydroxy acids, vitamin C, and others. Among these, the vitamin C segment anticipated the largest market share of 22.41% in 2023 and is estimated to grow at a CAGR of 6.11% throughout the projection period. Vitamin C is one of the strongest antioxidants found in the skin. In addition to its antioxidant, neocollagenesis, and skin-lightening properties, it has a broad variety of clinical applications, from UV protection and antiaging to anti-pigmentation.
The women segment dominated the global anti-wrinkle products market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-user, the global anti-wrinkle products market is divided into men and women. Among these, the women segment dominated the global anti-wrinkle products market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Market trends are being impacted by the rise in working women and changing beauty standards as more consumers seek skincare products with greater ease of use and efficacy.
The supermarkets and hypermarkets segment accounted for the largest market share of 33.21%in 2023 and is expected to grow at a CAGR of 6.50% during the forecast period.
Based on the distribution channel, the global anti-wrinkle products market is classified into supermarkets and hypermarkets, specialty outlets, convenience stores, beauty stores, pharmacies, e-retailers, and others. Among these, the supermarkets and hypermarkets segment accounted for the largest market share of 33.21%in 2023 and is expected to grow at a CAGR of 6.50% during the forecast period. The prevalence of numerous supermarket and hypermarket networks in regional markets, the availability of anti-wrinkle goods in specialty stores, and enhanced post-purchase services are expected to contribute to the growth prospects for this market sector.
Asia Pacific is anticipated to hold the largest share of the anti-wrinkle products market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the anti-wrinkle products market over the predicted timeframe. Growing concerns about skin diseases such as melanoma, sunburns, acne, and the negative impacts of pollution and UV radiation are fueling an increase in the use of skincare products and cosmetics in developing nations such as China and India. Growing disposable incomes, the region's growing population, and consumers' increasing awareness of anti-wrinkle products have all driven the industry.
Europe is expected to grow at the fastest CAGR growth of the anti-wrinkle products market during the forecast period. People are generally growing more aware of their appearance. The aging population is a major factor in product demand. Customers in the region desire high-quality, effective products that help reduce the look of fine lines and wrinkles.
Major key players in the global anti-wrinkle products market include L’Oréal Groupe, Origins Natural Resources, Inc., POND’S, Clinique Laboratories, RoC Skincare, Kiehl’s Since 1851, Vichy Laboratoires, REN Clean Skincare, Olay, Neutrogena, The Estée Lauder Companies Inc., Groupe Clarins, Life Extension, Galderma S.A., and Others.
Recent Developments
- In April 2024, Beiersdorf introduced NIVEA Q10 Dual Action Serum, a new anti-aging product. In an inventive combination, this blends the dependable anti-wrinkle active ingredient Q10 with GLYCOSTOPTM, which is only sold by Beiersdorf. These two substances have a twofold effect and are very powerful. Within two weeks, the new serum has been clinically shown to significantly diminish even the deepest wrinkles. It starts working right away.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the anti-wrinkle products market based on the below-mentioned segments:
Global Anti-wrinkle Products Market, By Product Type
- Cream
- Serum
- Oil
- Lotion
- Others
Global Anti-wrinkle Products Market, By Active Ingredients
- Hydroxy Acids
- Vitamin C
- Others
Global Anti-wrinkle Products Market, By End-user
- Men
- Women
Global Anti-wrinkle Products Market, By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Outlets
- Convenience Stores
- Beauty Stores
- Pharmacies
- E-retailers
- Others
Global Anti-wrinkle Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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