Anti-Aging Market Research Report: By Product (Anti-Wrinkle, Hair Color, Ultraviolet Absorption, Anti-Stretch Mark), Treatment (Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel), Demography (Generation X, Baby Boomers, Generation Y, Generation Z) – Revenue Estimation and Demand Forecast to 2030

Market Overview

The global anti-aging market was valued at $194.4 billion in 2020, and it is expected to grow at a CAGR of 8.6% during the forecast period (2021–2030). The major factors behind the lucrative growth of the market are the increasing awareness about the associated devices through seminars and conferences, surging geriatric population, growing disposable income, and technological advancements. Moreover, the growing awareness about appearance has urged people to spend more on such products and cosmetic procedures.

In the wake of the COVID-19 pandemic, governments of several countries are taking strong measures to mitigate the health threats. Thus, owing to the strict measures of lockdowns and limited operations, manufacturers across the world, including those of anti-aging products, have been negatively impacted. Moreover, due to the several restrictions implemented by government associations on both domestic and international trade, the reduced supply of raw materials and final products has negatively impacted the market.

Rising Awareness about Anti-Wrinkle Products Is Leading To Their Domination

The anti-wrinkle category held the dominating share in the anti-aging market in the historical period (2015–2020), based on product. Furthermore, the category is expected to retain its position in the upcoming years. This can be ascribed to the rising awareness about the aesthetic impact of anti-wrinkle products and increasing disposable income.

Rising Number of Hair Restoration Procedures To Lead To Highest Growth Rate of Hair Restoration Category

The hair restoration category is expected to be the fastest growing in the anti-aging market during the forecast period, based on treatment. The major reason behind it will be the increasing number of hair treatments due to the surge in the prevalence of hair fall and baldness amongst young men and women.

Due to Increasing Concern about Appearance, Generation X To Dominate Market

Generation X will continue to remain the largest consumer of anti-aging products, under the demography segment. This will mainly be due to the growing consciousness about the appearance of the skin amongst people and need to reduce the signs of aging, as a result.

Increasing Volume of Non-Surgical Anti-Aging Treatments Led To Market Domination of North America

Geographically, North America was the largest contributor to the anti-aging industry in 2020. This is mainly attributed to the rising preference for non-surgical anti-aging treatments, increasing awareness about home-use anti-aging products, and growing number of aesthetic procedures being performed in the U.S. and Canada.

Due to Increasing Number of Cosmetic Procedures, Asia-Pacific (APAC) To Witness Fastest Growth

Thea APAC anti-aging market is expected to witness the fastest growth during the forecast period. This is mainly attributed to the rising number of cosmetic procedures being performed, surging population of the elderly, and growing number of conferences and seminars to raise awareness among consumers.

Inclination of Consumers toward Easy-To-Use Products Is Key Trend

The easy availability of a wide range of at-home anti-aging devices for wrinkle reduction, skin rejuvenation, cellulite reduction, and microdermabrasion has resulted in their increasing popularity among consumers. Furthermore, these portable, ease-to-use products are scientifically advanced. With adults seeking ways of maintaining their youthful appearance and the older population focusing on measures to keep the signs of aging at bay, the adoption of at-home anti-aging products is on the rise globally. Some of the home-use anti-aging devices are FOREO IRIS, ZIIP BEAUTY, and ReFa Carat.

Increasing Awareness through Seminars and Conferences Driving Product Demand

Globally, a large number of conferences, exhibitions, and seminars are being organized to raise awareness among students, plastic surgeons, and the general public about the advancements in anti-aging treatments. For instance, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Monte Carlo, Monaco, in April 2019. Many market players are, therefore, actively taking part in these events to raise awareness about their offerings. Such seminars and conferences are, thus, expected to drive the demand for the related products.

Surging Geriatric Population also Aiding in Market Advance

Globally, the booming geriatric population is playing a pivotal role in the growth of the anti-aging market. Old age is associated with the loss of fibrous tissues and reduction in skin stem cells, which lead to the occurrence of wrinkles, dryness, pigmentary alteration, and sagging. Thus, elderly people continue to generate a high demand for anti-aging products and treatments to overcome such problems. According to the United Nations Department of Economic and Social Affairs (UNDESA), the population of individuals aged 65 years and above would reach 437 million in China, 324 million in India, and 84.8 million in the U.S. by 2050.

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Market Players Involved in Product Launches and Approvals to Gain Significant Position

The anti-aging market is fragmented in nature. Some of the major players in the market are The Procter & Gamble (P&G) Company, Nu Skin Enterprises Inc., Hologic Inc., Unilever Group, Pierre Fabre S.A, Galderma SA, Shiseido Company Limited, Candela Corporation, and Home Skinovations Ltd.

• In April 2020, Galderma SA received approvals from the National Medical Products Administration (NMPA) of China for three products, namely Restylane Vital, Restylane Lidocaine, and Restylane Lyft Lidocaine, which helped in the expansion of the Restylane portfolio in China. These products were developed to improve skin appearance and act as a skin booster.
• In October 2019, the Cynosure division of Hologic Inc. launched a non-invasive electromagnetic technology, called StimSure, in Europe and the Middle East. The technology helps strengthen and tighten muscles in the abdominal, gluteal, and thigh areas by stimulating or contracting the muscles. It delivers up to 24,000 muscle contractions in 20–30 minutes, for natural-looking results.

Key Players in Anti-Aging Market Are:

Market Size Breakdown by Segment

The global anti-aging market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.

Based on Product

• Anti-Wrinkle
  • Topical products
  • Botox
  • Dermal fillers
• Hair Color
• Ultraviolet (UV) Absorption
• Anti-Stretch Mark

Based on Treatment

• Hair Restoration
• Anti-Pigmentation
• Adult Acne Therapy
• Breast Augmentation
• Liposuction
• Chemical Peel

Based on Demography

• Generation X
• Baby Boomers
• Generation Y
• Generation Z

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  •  Italy
  • Spain
  • Switzerland
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Taiwan
  • Singapore
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia