Global Anti-Aging Cream Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2025

Global Anti-Aging Cream Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2025

“Anti-Aging Cream Market”
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Anti-Aging Cream Market:

Executive Summary

Increased life expectancy and low birth rate has led to a rise in older population. The use of anti-ageing creams stems from a desire to look young and maintain beautiful skin. 

Intrinsic aging can lead to loss of collagen and hyperpigmentation, while extrinsic factors like pollution and stress damage the dermia. The anti-aging cream market is the most popular among individuals from the ages of 35-40. The hike in the anti-aging cream market is fueled by a motivation to look young, and is enabling young men and women to make changes in their lifestyle in order to retain younger-looking skin. Baby boomers contributed 37% to the overall product revenue, and thereby reported the highest consumption of these creams in 2017. The growing population of baby boomers will drive an increase in the consumption of anti-ageing creams.

Easy availability through online retail and a high level of disposable income has contributed to the rise in demand for anti-ageing creams.

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Segmentation

The anti-ageing cream market is divided by product type, composition and distribution.

By product type, the market divisions include herbal, synthetic, and organic. Herbal creams are an emerging trend, and the market for herbal creams is predicted to grow the fastest in the forecast period. Organic anti-ageing creams have also seen a substantial demand, especially in Asian countries like China, Japan, and India. Increase in the rate of disposable income in these regions is also contributing to market expansion.
Anti-ageing beauty products are composed of a combination of natural ingredients and fragrances that are not harmful to the skin.
Analysis of the distribution network suggests that pharmacies and supermarkets hold the record for the highest sale of over-the-counter anti-ageing products. Convenience stores and online retail stores can be found in a distant second place in the contribution to anti-ageing creams market.

Regional Analysis

Regionally, North America, Asia Pacific, Europe, Australia, Middle East & Africa, are the dominant economies in anti-ageing creams consumption.

North America is the current largest market contributor, followed by Australia and Europe. An increase in the population of people aged 60 years and over is predicted in all Asian countries, particularly South Korea and Japan. China, Japan, Singapore and India has seen a surge in the demand for anti-ageing creams in recent years, with a global demand increase by 8.5%.

Industry News

The global anti-ageing creams market is a strongly fragmented industry. The regional industry in every country faces severe competition from national and international players.

R&D and advertisement campaigns are the primary strategies adopted by brands to entice customers. Technological improvements and assuring quality standards are the primary factors contributing to an increase in market output.

Distribution channels, strategic developments, technological innovations, and formulations are dynamic factors attributing to the industry competition.

Continuous…

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