Anti-Wrinkle Products Market Exceeded US$ 7.7 Billion in 2018; Premium Skin Care Products Well-received Among Consumers, Finds FMI

Anti-wrinkle Products Market

According to the market report published by Future Market Insights titled Anti-Wrinkle Products Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027, the revenue generated from anti-wrinkle products is estimated to be valued at over US$ 7,739.7 Mn in 2018, which is projected to increase at a CAGR of 5.8% during the forecast period (2018-2027).

Creams & moisturizers, a product type segment, is projected to gain significant growth in the global anti-wrinkle products market owing to the increasing usage of creams and moisturiser-based cosmeceutical skin care products to look young by minimising, masking and improving skin firmness, and preventing the signs of skin aging such as wrinkles. Moreover, increase in the demand for clean-label anti-wrinkle products due to increasing consumer awareness related to synthetic anti-wrinkle products and rise in the demand for branded & premium anti-wrinkle products, as they are perceived by consumers to be of superior quality, are some of the primary factors boosting the demand for anti-wrinkle products across the globe. Men are increasingly opting for grooming products, which is also creating opportunities for the growth of the global anti-wrinkle products market. In addition, rapidly aging population, increasing preference for multifunctional anti-wrinkle products and growth in the global consumer goods industry are also among factors that are expected to boost the demand for anti-wrinkle products during the forecast period.

Growth in the number of anti-wrinkle products, which is driven by the aging population that wants to invest in grooming, looking beautiful and maintaining the health of the skin, is contributing to the global growth of the anti-wrinkle products market. Moreover, over the last few years, the anti-wrinkle products market in developing countries is rapidly growing with an increase in the shelf space at retail stores, a continuous increase in the presence of multinational brands that are primarily supported by a dedicated support structure, well-organized sales channels, and aggressive pricing strategies to expand the market footprint as well as the large customer base are projected to accelerate the growth of the natural anti-wrinkle products market worldwide.

Nowadays, consumers prefer natural anti-wrinkle products owing to their health benefits, which is expected to create considerable opportunities in the global anti-wrinkle products market during the forecast period. The anti-wrinkle products market is segmented into product type, nature, end user and sales channel. Among the nature segments, the natural/herbal segment is expected to grow at a significantly higher CAGR of 6.1% in the global anti-wrinkle products market during the forecast period.

The global anti-wrinkle products market is also segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the Asia Pacific excluding Japan and Europe regions are estimated to have a substantial value share in the global anti-wrinkle products market. In terms of value, the APEJ anti-wrinkle products market is the most attractive market in the global anti-wrinkle products market, and is expected to grow at a CAGR of 6.3% over the forecast period. The region is expected to gain 145 BPS in the global anti-wrinkle products market during the forecast period.

On the basis of end user, the anti-wrinkle products market is segmented into men and women. In 2018, the women segment accounted for the highest revenue share of 80.6% in the global anti-wrinkle products. Among the sales channel segments, the supermarkets/hypermarkets segment is projected to dominate the global anti-aging products market in terms of revenue by the end of 2018.

Key Players in the Anti-Wrinkle Products Market Detailed profiles of companies are also included in the global anti-wrinkle products market report to evaluate their performance, key product offerings and recent developments. Some of the key players profiled in the global anti-wrinkle products market study include Henkel AG; ARK Skincare; Beiersdorf AG; Allergan PLC; Coty, Inc.; Avon Products Inc.; Unilever; L’Oréal S.A.; Biomod Concepts, Inc.; Colgate Palmolive Company; Revlon, Inc.; Natura & Co.; Alma Secret Company; Oriflame Cosmetics AG; Procter & Gamble Co.; Clarins Group; Kao Corporation; Lotus Herbals Limited; Nature Republic and Mary Kay Inc

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About Suyog Keluskar 51 Articles
Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.