Anti-Aging Market Size Worth $36.43 Billion By 2032 | CAGR: 5.1%

The global anti-aging market size is expected to reach USD 36.43 billion by 2032 according to a new study by Polaris Market Research. The report “Anti-Aging Market Share, Size, Trends, Industry Analysis Report, By Product (Hair Color, Botox, Dermal Fillers, Anti-Stretch Marks, Anti-Wrinkle, Ultraviolet Absorbers, and Others),  By Devices (Laser, Microdermabrasion, Radiofrequency, Anti-Cellulite, and Others), By Treatment (Liposuction, Anti-Adult Acne Therapy, Hair Restoration Treatment, Breast Augmentation, Chemical Peel, Intense Pulse Light (IPL), Anti-Pigmentation and Others), By Demography (Baby Boomer, Generation Y and Generation X), By Regions; Segment Forecast, 2024 –2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Aging is associated with a decline in bodily functions or changes in the human body. It is also associated with a steady loss of strength, muscle mass, and power, in combination with the reduction in lung capacity and maximal rate of oxygen consumption. Beauty and skin health are considered one of the prominent factors that represent the overall perception of health and well-being in consumers. Anti-aging products and treatments help combat the consumer's skin by masking, preventing, and reducing signs of aging.

The prominent factors favoring the market growth include the rise in the aging population, globally. As per the statistics published by the United Nations, through its World Population Prospects working group, in 2019, by 2050, there would be 1 in 6 old age people (over 65 years), as compared to 1 in 11 in 2019. This old age group accounts for one-fifth of the total population in 17 countries, and it is projected to increase by the end of this century in 155 countries, covering 61 percent of the global population. This is mainly due to an increase in life expectancy and declining fertility rates among the people.

In 2019, there were around 703 million aged over 65+. Eastern and South East Asia accounted for the largest share of around 260 million, followed by Europe and North America with over 200 million. It is projected that in South Asia the biggest increase in old age would be seen in South Korea, Taiwan, and Singapore.

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Signs of aged skin become gradually noticeable and are associated with loss of elasticity, loss of volume, appearance of wrinkles, and fine lines. Rising consciousness among the populace regarding younger-looking skin is furthermore surging the overall demand for anti-aging products and treatments, thereby enhancing the market growth.

Market participants such as Estée Lauder Companies Inc., Allergan plc, Avon Products Inc., L'Oreal SA, Procter & Gamble Co., Unilever, Shiseido Company, Limited, Beiersdorf AG, CCA Industries Inc., Christian Dior SA, Johnson & Johnson, Chanel SA, Neutrogena Corporation, Oriflame Cosmetics, La Prairie Group AG, Clarins, Ella Bache, NeoStrata Company Inc., Unity Biotechnology, Inc., Beauty Counter, Lumenis Ltd. and Revlon Inc., are some of the key players operating in the global market.

Players in the market are focusing on developing anti-aging products and treatments to meet the rising demand of consumers to fight aging. In line with this, in January 2020, Pure Nutrition Ltd, launched a range of cosmetic products in India, to tap the country's booming beauty market. The range consisted of one hair care and three skin care products produced from natural and organic ingredients and having anti-aging, anti-pollution, and anti-fatigue properties.

Additionally, in September 2019, MONAT Corp., specializing in natural anti-aging hair care products introduced MONAT skincare products. The launch facilitated eight skincare products designed to tackle the anti-aging issues of the consumers by being cruelty-free, naturally based, and vegan.

Polaris Market Research has segmented the Anti-Aging Market report on the basis of product, devices, treatment, demography and region

Anti-Aging Product Type Outlook (Revenue - USD Million, 2019-2032)

• Hair Color
• Botox
• Dermal Fillers
• Anti-Stretch Marks
• Anti-Wrinkle
• Ultraviolet Absorbers
• Others

Anti-Aging Devices Outlook (Revenue - USD Million, 2019-2032)

• Laser
• Microdermabrasion
• Radiofrequency
• Anti-Cellulite
• Others

Anti-Aging Treatment Outlook (Revenue - USD Million, 2019-2032)

• Liposuction
• Anti-Adult Acne Therapy
• Hair Restoration Treatment
• Breast Augmentation
• Chemical Peel
• Intense Pulse Light (IPL)
• Anti-Pigmentation
• Others

Anti-Aging Demography Outlook (Revenue - USD Million, 2019-2032)

• Baby Boomer
• Generation Y
• Generation X

Anti-Aging Regional Outlook (Revenue - USD Million, 2019-2032)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa