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.
Industry: Consumer GoodsGlobal Anti-wrinkle Products Market Insights Forecasts to 2033
- The Global Anti-wrinkle Products Market Size was estimated at USD 14.52 Billion in 2023
- The Market Size is Expected to Grow at a CAGR of around 7.78% from 2023 to 2033
- The Worldwide Anti-wrinkle Products Market Size is Expected to Reach USD 30.71 Billion by 2033
- Europe is expected to grow the fastest during the forecast period.
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The Global Anti-wrinkle Products Market Size is expected to cross USD 30.71 Billion by 2033, growing at a CAGR of 7.78% from 2023 to 2033. Growing consumer awareness of skin issues associated with wrinkles is one of the main factors propelling the anti-wrinkle products market.
Market Overview
The market for healthcare and cosmetic goods designed to prevent or postpone the emergence of wrinkles and other aging symptoms is referred to as the global anti-wrinkle products market. Antioxidants and skin-hydrating ingredients are common in anti-wrinkle products. A variety of skin care products targeted at lessening the visibility of wrinkles and fine lines are included in the market for anti-wrinkle products. This includes lotions, serums, and treatments made with retinoids, peptides, and antioxidants, among other components. One of the primary causes of the global rise in the use of anti-wrinkle products is the high life expectancy and lifelong wellness, which are contributing to the world's aging population. Growing consumer awareness and demand for skincare products is another main factor propelling the market for anti-wrinkle products. People are looking for ways to keep their appearances youthful and vibrant as civilizations all around the world place a greater emphasis on well-being, health, and self-care. Technological developments have led to the introduction of increasingly sophisticated and innovative anti-wrinkle products to the market. Various government initiatives and researchers drive the market of anti-wrinkle products. For instance, in April 2024, A team from Beiersdorf finally figured out the secret of the skin's so-called glycation process after over a decade of research, and they discovered an active component to fight wrinkles and skin aging caused by sugar. There are issues with consumers' doubts about the effectiveness of particular products and possible negative consequences.
Report Coverage
This research report categorizes the anti-wrinkle products 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 excavator bucket 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-wrinkle products market.
Global Anti-wrinkle Products Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 14.52 Billion |
Forecast Period: | 2023 – 2033 |
Forecast Period CAGR 2023 – 2033 : | 7.78% |
023 – 2033 Value Projection: | USD 30.71 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 132 |
Segments covered: | By Product Type, By Active Ingredients, By Distribution Channel, By Region |
Companies covered:: | 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. Others |
Pitfalls & Challenges: | COVID-19 Empact,Challenges, Future, Growth, & Analysis |
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Driving Factors
The growing demand for anti-aging products, improvements in skincare technologies, and the rising acceptance of cosmetic procedures are some of the reasons driving the growth of the global market for anti-wrinkle products. The market for anti-wrinkle products is growing rapidly due to advancements in skincare formulas and a rising desire for organic and natural goods. For instance, the anti-aging serum Génifique is part of the makeup and cosmetics line offered by Lancôme, a division of the L'Oréal brand. The creation of goods using innovative anti-aging technologies and plant-based substances gives market participants a competitive advantage. Furthermore, it is anticipated that e-commerce platforms and the emergence of customized beauty solutions will present additional growth opportunities. Additionally, technical advancements in skincare formulas and packaging, such as smart skincare devices and micro-encapsulation, are driving market expansion. In addition, social media and influencer-driven beauty trends are significantly influencing consumer tastes and promoting the use of anti-wrinkle solutions.
Restraining Factors
A major obstacle in the market for anti-wrinkle products is negotiating the complex network of laws and claims verification. The marketing, labeling, and safety of cosmetic products are subject to stringent regulations from regulatory bodies including the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA). The market for anti-wrinkle products is under pressure to lower prices because of competition and price-sensitive consumers. Botox and dermal fillers are examples of non-invasive cosmetic procedures that compete with topical treatments and could draw focus away from them.
Market Segmentation
The anti-wrinkle products market share is classified into product type, active ingredients, end-user, and distribution channel.
- 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. Anti-wrinkle creams give the skin much-needed moisture and aid in preserving its radiance. Cream formulas, which are renowned for their opulent textures and effortless application, provide a smooth transition into regular skincare regimens. The need for accessible yet efficient anti-wrinkle products that offer both short-term hydration and long-term advantages is driving this need. The world's aging population and the growing number of consumers ready to spend money on goods that lessen the appearance of wrinkles are the main factors driving the market for anti-wrinkle creams. Additionally, several marketing and advertising campaigns carried out by major industry manufacturers are fostering the expansion of this market.
- 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. Among the skin's most potent antioxidants is vitamin C. It has a wide range of clinical uses, from UV protection and antiaging to anti-pigmentation, because of its antioxidant, neocollagenesis, and skin-lightening qualities. It has become a well-liked cosmeceutical agent due to its exceptional safety profile. An effective antioxidant that can shield the skin from oxidative stress caused by free radicals is vitamin C. It is a common component of many skincare products due to its capacity to lessen the visibility of wrinkles, fine lines, and other indications of wrinkles.
- 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. The main market for anti-wrinkle products is women. The persistent cultural importance that women attach to skincare and cosmetic practices is the reason for this dominance. This market sector is expanding due to several factors, including growing awareness of anti-aging products, changing social standards, and increased use of skin care as a crucial part of self-care. Furthermore, the growing number of working women and shifting ideals of beauty are impacting market trends as more people look for skincare products with improved efficacy and ease.
- 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. Customers benefit significantly from these distribution channels in several ways, including improved visibility of product categories and product variations. Additional growth prospects for this market sector are anticipated due to the existence of many supermarket and hypermarket networks in regional markets, the availability of anti-wrinkle products in specialized shops, and improved post-purchase services. Supermarkets and hypermarkets are also desirable choices for customers with restricted funds because they frequently provide alluring discounts and promotions. Additionally, younger people prefer to buy skincare items from supermarkets and hypermarkets, and local retail establishments. In addition, producers are encouraged to offer their goods online by the convenience of online ordering.
Regional Segment Analysis of the Anti-wrinkle Products Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-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)
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 worries about skin conditions including acne, sunburns, melanoma, and the harmful effects of UV rays and pollutants are driving a surge in the consumption of skincare products and cosmetics in growing markets such as China and India. The market has been dominated by the region's expanding population, rising disposable incomes, and growing knowledge of anti-wrinkle products. Additionally, social media's influence and e-commerce's growth have expanded the region's beauty companies' reach and increased customer accessibility to anti-wrinkle goods. In addition, Asia Pacific offers a wide range of products from well-known global brands such as L'Oréal and Estée Lauder to powerful local competitors like SK-II and Innisfree.
Europe is expected to grow at the fastest CAGR growth of the anti-wrinkle products market during the forecast period. Individuals are becoming more conscious of how they look generally. The demand for products is largely driven by the aging population. High-quality, efficient products that can lessen the appearance of wrinkles and fine lines are preferred by customers in the area. Additionally, the market for the product in Europe has been further stimulated by the growing reticence for non-invasive cosmetic procedures like dermal fillers and botox injections. In Europe, Lancôme Miracle Crème and Olay Regenerist are two well-known anti-wrinkle creams. The region's expansion is further aided by the ease with which products can be found in pharmacies and retail establishments.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the anti-wrinkle products 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 and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- 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.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In November 2024, Mary Kay unveiled the Clinical Solutions Dynamic Wrinkle Limiter, a non-invasive substitute for professional injections that uses their patent-pending Botanical Wrinkle-Limiting Technology.
- In April 2023, The Medical Skincare Brand SkinCeuticals announced the release of A.G.E. Interrupter Advanced, a revolutionary corrective cream that helps reverse the visible indications of wrinkles caused by collagen decrease and glycation.
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 and Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East and Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the anti-wrinkle products market over the forecast period?The anti-wrinkle products market is projected to expand at a CAGR of 7.78% during the forecast period.
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2. What is the market size of the anti-wrinkle products market?The Global Anti-wrinkle Products Market Size is Expected to Grow from USD 14.52 Billion in 2023 to USD 30.71 Billion by 2033, at a CAGR of 7.78% during the forecast period 2023-2033.
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3. Which region holds the largest share of the anti-wrinkle products market?Asia Pacific is anticipated to hold the largest share of the anti-wrinkle products market over the predicted timeframe.
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