03.21.22
The global market for anti-aging products, which was estimated at $34.2 billion in 2020, is projected to reach $47.8 billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027, according to The Anti-Aging Products Global Market Trajectory & Analytics report published on ResearchAndMarkets.com.
Anti-wrinkle products, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach $19.1 billion by the end of the analysis period. After an early analysis of the business implications of the Covid-19 pandemic and its induced economic crisis, growth in the anti-pigmentation products segment is readjusted to a revised 4.1% CAGR for the next seven-year period.
The anti-aging products market in the US is estimated at $11.6 billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of $3 billion by 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.8%, respectively, over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
In the global hair care products segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of $5.5 billion in the year 2020 will reach a projected size of $7.5 billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $2.6 billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.
Select competitors include the following:
• Allergan Plc
• ARK Skincare
• Avon Products Inc.
• Bausch Health Companies Inc.
• Bayer AG
• Biomod Inc.
• Chanel SA
• Christian Dior SE
• Clarins
• Ella Bache
• Clinique Laboratories, LLC
• Henkel KGaA
• Jan Marini Skin Research Inc.
• Johnson & Johnson
• NeoStrata Company, Inc.
• LR Health & Beauty Systems
• Merck KGaA
• Pfizer Inc.
• Revlon Inc.