Global Anti-Aging Market Size, Share, and COVID-19 Impact Analysis, By Type (Products and Devices), By Industry (Skin Care Industry, Hair Care Industry, and Dental Care Industry) By Demography (Age Group, Gender, and Income), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Anti-Aging Market Insights Forecasts to 2033

• The Global Anti-Aging Market Size Was Estimated at USD 73.56 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.12% from 2023 to 2033
• The Worldwide Anti-Aging Market Size is Expected to Reach USD 121.23 Billion by 2033
• Asia pacific is expected to grow the fastest during the forecast period.

The Global anti-aging market size was worth around USD 73.56 Billion in 2023 and is predicted to grow to around USD 121.23 Billion by 2033 with a compound annual growth rate (CAGR) of 5.12% between 2023 and 2033. Anti-aging business is developing quickly because of increased awareness and consciousness among people regarding signs of aging, such as forehead fine lines, facial wrinkles, and lackluster skin tone. Increasing interest in looking youthful is on the rise. This led to an increased popularity for anti-aging products like facial creams, body lotions, and serums. This is because of rising disposable incomes, particularly in developing nations, and a growing elderly population, there is a significant shift towards products that slow down the aging appearance process. Consumers are registering high interest in purchasing numerous skincare products that promise rejuvenation and wellness.

Market Overview

Anti-aging market refers to products and services that remove, slow down, or reverse aging signs, most of which target skin concerns. These include topical products, devices, and more recently, services addressing areas of aging beyond the skin. The market is fueled by an aging population, higher levels of skincare awareness, and the desire for home and minimally invasive treatments. Additionally, skin aging is a complex biological process influenced by many internal and external factors. The anti-aging products are most popular with women. The reason being, females pay a lot of importance to their health and the beauty of their skin. Therefore, the diversity of products and methods of anti-aging has been introduced for a decade. People are now more conscious about their skin and health. Also, physical appearance is most important. Further, a well-personalized individual is admired by all. Therefore, all these above things are generating demand for the anti-aging products in the marketplace. Also, the major players in the industry are implementing novel technologies for making anti-aging products. According to this, increasing demand for anti-aging products and processes is fueling the expansion of the global market for anti-aging in the forecast period.

Report Coverage

This research report categorizes the anti-aging market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the anti-aging market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the anti-aging market.

Driving Factors

The anti-aging industry is set to expand through technological advancements as well as an increase in R&D spending from leading companies in the development of highly safe as well as potent skin care remedies. Consequently, there is the possibility of having a market for anti-aging devices and plastic cosmetic surgery procedures during the forecasting period, due to heightened perception and acceptance of anti-aging treatments. Conversely, in the projected period, the market for anti-aging is likely to be restrained by stringent regulatory requirements for devices and social stigma in specific communities. Furthermore, the growing consumer awareness of age-related skin issues such as dullness, wrinkles, and fine lines, and consumer desire to spend on good quality and innovative products that retain young skin are the key drivers driving the market growth. Different anti-aging services and products are being launched in the market regularly to enable people to regain their youthful look. The increasing major investments and technological developments in research and development have resulted in the launch of anti-aging products and treatments. Besides, to meet the growing customer demand, several producers in the market are concentrating on offering organic and herbal anti-aging products, also anticipated to fuel the growth of the anti-aging market.

Restraining Factors

The high-priced anti-aging products used to be available only at department stores, but specialist companies have brought them to wider markets and within reach. Internet retailers, specialty retail stores, spas, salons, and direct response television, like home shopping channels and infomercials, are now offering these products. The high cost of anti-aging goods and treatments and the widespread availability of counterfeit products using toxic ingredients present a major challenge to the growth of the anti-aging market.

Market Segmentation

The anti-aging market share is classified in to type, industry, and demography.

• The product segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the global anti-aging market is categorized into product and devices. Among these, the product segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. These are products specially created to maintain the moisture, firmness, and elasticity of the skin on the face and prevent lines and wrinkles. People have always been highly concerned about their appearance, so they spend a lot of money on these kinds of products. This is one of the primary drivers of the market.

• The skin care industry segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the industry, the global anti-aging market is categorized into skin care industry, hair care industry, and dental care industry. Among these, the skin care industry segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. People are becoming increasingly aware of the effects of environmental elements, including pollution and ultraviolet (UV) rays, on their skin. The power of social media and beauty bloggers has also driven the demand for perfect and youthful skin, further accelerating the market. Developments in dermatology and cosmetic science have led to breakthrough formulations and ingredients, targeting several skin issues. The beauty and skincare industry is also distinguished by the increasing trend of natural and clean skincare products, which echoes the consumers' demand for safe and sustainable products.

• The age group segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the demography, the global anti-aging market is categorized into age group, gender, and income. Among these, the age group segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The individuals in this segment, which usually comprises those between the age of 50 and beyond, are inspired by the need to take care of issues associated with age, like wrinkles, loose skin, and joints. They require anti-aging products, procedures, and wellness treatments that enable them to enjoy active and meaningful lives despite advancing age. Additionally, the active aging trend and the need to stay socially and professionally active contribute to the demand for anti-aging products in this segment as well. Consequently, the age group segment is one of the driving forces of the anti-aging market, leading to ongoing innovation and development of products and services that cater to the specific needs of this segment.

Regional Segment Analysis of the Anti-Aging Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• As,ia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the anti-aging market over the predicted timeframe.

North America is anticipated to hold the largest share of the anti-aging market over the predicted timeframe. The North American anti-aging market is growing strongly based on a number of factors such as an aging population, greater awareness among consumers about the benefits of anti-aging products & procedures, and greater demand for non-invasive solutions. Additionally, the market expansion in North America is being spearheaded by the United States, which has the highest demand for anti-aging procedures and products on the continent. The market is also driven by the availability of major players in the continent, who are investing in research and development to create innovative anti-aging treatments.

Asia Pacific is expected to grow at the fastest CAGR in the anti-aging market during the forecast period. The international anti-aging market, where ancient beauty philosophies meet state-of-the-art innovation. In contrast to Western markets that tend to be correction-oriented, Asian consumers generally adopt a prevention-oriented approach, starting anti-aging routines decades ahead of their Western counterparts. This underlying difference presents opportunities for brands creating gentle yet effective products appropriate for younger consumers. The region's tech adoption curve is ahead of global benchmarks, with consumers eagerly adopting sophisticated devices and digital skin analysis technologies. Most appealing about this market is the variety of entry points that it presents, ranging from mass-market spaces in emerging economies to ultra-premium status in developed economies such as Japan and South Korea. The strategic imperative for brands coming into this market is achieving standardization versus localization, acknowledging the fact that technology platforms can be global but that applications and messaging need to be culturally tailored.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the anti-aging market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Estée Lauder Companies
• Hologic Inc
• Nu Skin Enterprises, Inc.
• Allergan PLC
• LightStim
• Procter & Gamble
• Beiersdorf AG
• The Body Shop International Limited
• L'Oréal
• Lancôme (L'Oréal)
• Unilever
• Shiseido Company, Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In August 2024, Purple Pompa announced the launch of its new skincare line focused on Age Balance. This new concept provides a new twist to conventional anti-aging products and balances natural aging with skin renewal.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the anti-aging market based on the below-mentioned segments: 

Global Anti-Aging Market, By type

• Products
• Devices

Global Anti-Aging Market, By Industry

• Skin Care Industry
• Hair Care Industry
• Dental Care Industry

Global Anti-Aging Market, By Demography

• Age Group
• Gender
• Income

Global Anti-Aging 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