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Anti-Aging Ingredient Market: Segmented By Product Type (Chemical Peels, Sunscreen Ingredients, Niacinamide, Hyaluronic Acid, Peptides, Retinol, And Others) By End-User (Cosmetics, Nutraceuticals, Food & Beverages, And Others): Global Analysis by Market size, share & trends for 2020-2021 and forecasts to 2031
Anti-aging Market to surpass USD 437.8 Million by 2031 from USD 322.9 Million in 2021 at a CAGR of 3.09% within the coming years, i.e., 2021-31.
Anti-Aging ingredients work as agents to reduce the aging effect by working against heredity factors, hydration as well as sun exposure. Anti-aging ingredients are rich in flavanols, nitrates, carotenoids, antioxidants, isoflavones, vitamin C, vitamin E, and many others which slow down the aging process. All these ingredients help to radiant the skin and enhance the moderately para-aged facial skin by assessing facial elasticity and skin wrinkles. Anti-ageing products can be liquids or can be powdery. Generally, anti-aging ingredients are a type of skincare ingredient that aids in reducing, masking, or preventing the look of skin aging by supplying hydration to the skin and provide protection from sun exposure.
Changing lifestyle, environment, and growing customer awareness regarding personal care, grooming, and health care along with increasing purchasing power of customers are some of the major objectives expected to soar the market during the forecast period. Major application where anti-ageing ingredients is cosmetics. Additionally, the rising demand for cosmetic products and increasing disposable income globally are the factors enhancing the anti-ageing ingredients market. Furthermore, these days, manufacturers of anti-aging products have come up with new technologies and effective ingredients such as synthetic peptides and advanced biotechnology products to gain a strong foothold of the anti-ageing ingredients market.
Based on the product type, the market is divided into the chemical peel, peptides, hyaluronic acid, sunscreen ingredients, retinol, niacinamide, and others. Sunscreen product is estimated to account for the major share of the market during the forecast period. One of the major reasons behind this increment of the market is increasing awareness about the repercussion of overexposure to ultraviolet (UV) rays among customers.
Anti-Ageing Ingredient Market is segmented application types into cosmetic and nutraceuticals. Cosmetics is estimated to account for the largest share of the market during the forecast period. The growth of the segment is owing because of growing skin problems on account of a genetic disorder, air pollution, hormonal disbalance. Which are leading to advance product development, such as anti-ageing products, acne removal solutions, fueling the segment’s growth.
Growing consumption of cosmetic products
The demand for cosmetic products is increasing at an increasing rate in developing countries. People, especially females are becoming concerned about their skin health which ultimately raises awareness about dietary supplements and mainly personal care products formulated with active ingredients to benefit aging problems. Anti-ageing products offer multifunctional aids and the growing demand for non-invasion ways to reverse aging is one of the key factors lifting the market. The growing trend towards youthful appearance is one of the key reasons to lift the demand for anti-ageing products globally. We can see the growth the increase in the aging population and there are many reasons behind it. They can be dehydration, pollution, hygiene, nutrition, and many others. So, people are using anti-ageing products to overcome their skin problems. This leads to an increase in demand for the product and lifts the market of anti-ageing ingredient market in the forecast period.
Growth in urbanization
Growth in urbanization coupled with growth in disposable income of an individual is another major reason for the rise in the market of Anti-Ageing Ingredient market globally. The income of an individual is increasing which increases the desire of an individual and when a person has money, he can fulfill his desires. The major demand of this world is glamour. So, every person wants to pursue this desire of being the most beautiful individual, and also if he has money, he has the power to fulfill his demand. This is the reason an individual is bending towards anti-ageing products. The demand for an anti-ageing ingredient will rise which ultimately increase the market of Anti-Ageing Ingredient Market globally.
Anti-Ageing products are the product of many chemical ingredients, hence the side effect of chemical-based cosmetics products act as a major drawback for the anti-ageing product market. The chemical composition present in sunscreen affects marine life and aquatic animals. Which in turn harms the ecosystem of the earth. Moreover, the ban imposed by the government and regulatory bodies in various countries is hampering the growth of the personal care product, which restraining the rose of Anti-Ageing Ingredient Market.
DOW chemical company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Anti-Ageing Ingredient Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. The North American region is expected to boost the anti-aging ingredient market during the forecast region because of growing consumption and demand for skincare products. In addition, rising concerns regarding beauty products and healthy skin is fuelling the growth of North American market. Asia-pacific and Europe are also estimated to offer substantial growth opportunities over the period.
| Report Attribute | Details |
| Market size value in 2021 | USD 322.9 Million |
| Revenue forecast in 2031 | USD 437.8 Million |
| Growth Rate | CAGR of 3.09% from 2021 to 2031 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Basis, Product Type, End-User, and Region |
| Region scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA) |
| Key companies profiled | DOW chemical company, Evonik Industries AG, Lonza, Ashland global holding inc, Croda International Plc, BASF SE, Wacker Chemie AG, Clarinet AG, Adeka, Other Prominent Players |
Anti-Aging Ingredient Marke size was estimated at USD 322.9 Million in 2021 and is expected to reach USD 437.8 Million by 2031
Key players: DOW chemical company, Evonik Industries AG, Lonza, Ashland global holding inc, Croda International Plc, BASF SE, Wacker Chemie AG, Clarinet AG, Adeka
Sunscreen segment are anticipated to hold the largest Anti-Aging Ingredient Market.
Growing consumption of cosmetic products and Growth in urbanization.
Anti-Aging ingredients work as agents to reduce the aging effect by working against heredity factors, hydration as well as sun exposure. Anti-aging ingredients are rich in flavanols, nitrates, carotenoids, antioxidants, isoflavones, vitamin C, vitamin E, and many others which slow down the aging process. All these ingredients help to radiant the skin and enhance the moderately para-aged facial skin by assessing facial elasticity and skin wrinkles.
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