Given the influence of the changing dynamics, an exclusive study published by Fact.MR foresees a moderate growth pace of the anti-aging and anti-wrinkle products market, at an estimated CAGR of 6% during the forecast period (2020-2027). According to research findings, the global anti-aging and anti-wrinkle products market is estimated to record 6% CAGR growth during the forecast period (2020-2027). This advancement can be accredited to manufacturers’ efforts through the adoption of effective marketing strategies and keyword centric propagation, which has proven successful in drawing enhanced consumer attention.
Preference for Organic Products to Offer Profitable Outcomes
This Fact.MR study reveals that the anti-aging and anti-wrinkle products market is quite fragmented when viewed through a wider perspective. This is because there are only a limited number of players who are leading the market with international presence and are facing extreme competition from domestic players. Furthermore, there is rising consciousness associated to the side effects of chemical-based products that is causing a shift in the raw materials being used for the creation of anti-aging and anti-wrinkle products. Interestingly, local players are motivated to develop products using organic ingredients so as to fulfil the unsatisfied demands of consumers.
Asia Pacific Market Showcasing Increased Prospects Driven by China
Focusing on the regional market expanse, China is seen as a key anti-aging and anti-wrinkle products market, since the concentration of individuals aged between 20-40 years is significantly high. Hence, awareness regarding skincare in this region is quite escalated, especially among women, which is therefore heightening the adoption of such products. Apart from China, density of the geriatric population is fairly risen in Japan, which is promoting an increase in the acceptance of anti-aging and anti-wrinkle products. In the recent past, favorable export policies have been established by the governments of India, Japan and China, thereby, offering impetus to Asia Pacific’s status in the global anti-aging and anti-wrinkle products market.
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Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global anti-aging and anti-wrinkle products market, presenting historical demand data (2017-2019), and forecast statistics for the period of 2020-2027. The study divulges compelling insights on the anti-aging and anti-wrinkle products market on the basis of product (serum, creams, gels, and others), gender (male and female), ingredient (retinoid, hyaluronic acids, alpha-hydroxy acids, and others), treatment (body care treatment and facial care treatment), and distribution channel (pharmacies, stores, and online stores), across five major regions.
The healthcare team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the healthcare industry to the micro-level across 50+ countries for over a decade. The team provides end-to-end research and consulting services to help keep clients at the top of the game. Reach out to us to know how we can help.
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Fondness for Creams Expected to Remain High during Forecast Period
The preference for creams as compared to other beauty products, serums and gels, is expected to remain high, due to their relaxed availability and application. Moreover, creams are seen as an essential element for a daily beauty routine, and is projected to offer supportable supply opportunities to anti-aging and anti-wrinkle product manufacturers. Some of the prominent market players mentioned in the report include names like Procter & Gamble Co., Unilever plc, Johnson & Johnson, ZO Skin Health, Inc., Shiseido Company, Limited, L’Oréal Paris, etc.
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