Global Anti-Aging Market To Reach US$ 63.48 Billion by 2021

Factors like the rise in the aging population, growing perception of maintaining good physical health and beauty, increasing safety and efficacy of anti-aging products, increasing accessibility of products and services, diversification of products with multi-functional benefits, growing awareness and rising disposable incomes are currently driving the growth of the global anti-aging market.

The global anti-aging market has grown at a CAGR of 7.07% during 2008-2015, reaching a market value of US$ 40.69 Billion in 2015. The market is expected to reach the value worth US$ 63.48 Billion by 2021. A comprehensive analysis of anti-aging products, consumer groups and global market trends has been provided in IMARC group’s published report titled “Global Anti-Aging Market Report and Forecast (2016-2021)”.
Several demographic trends are currently driving the growth of the global anti-aging market. The rise in the aging population especially in the regions that account for the bulk of the baby boomer population is one of the biggest driver for the demand of the anti-aging products. Moreover, the growing perception of maintaining good physical health and beauty has witnessed an increase in the consumer’s investment in premium cosmetics and personal care products. Other factors like the increasing safety and efficacy of anti-aging products, increasing accessibility of products and services, growing awareness through media and marketing, diversification of products with multi-functional benefits and rising disposable incomes continues to thrust forward the growth of the global anti-aging market.
The report has segmented the market on the basis of core anti-aging industries which include skin care industry, hair care industry and dental care industry. Currently, skin-care market holds the largest share in the global anti-aging market, followed by the hair-care and dental-care segment. The study further segregates the global anti-aging market on the basis of demographic factors, products and various devices.
With the introduction of new and innovative anti-aging products, the industry represents a highly progressive growth rate. The report states that the consumer’s scepticism and perceptions, government regulations and investment in R&D department affect the growth of the anti-aging market. Technological advancements to create better products and maintaining high standards of quality and safety set by the government can help overcome these market challenges which will ensure an unmitigated growth of this market.
The report has also segmented the market on the basis of regions. Currently, the USA accounts for the largest share in the global anti-aging market followed by Japan, France, Brazil, Germany, China, South Korea and Italy. The key players covered in the report are Allergan, L’Oreal, Beiersdorf, Estee Lauder, Procter & Gamble, Shiseido and Unilever.

Read full report on global anti-aging market

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Company Name: IMARC Group
Issued By: kanika sharma
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Keywords : Global Anti-aging Market, Anti-aging Market Report, Anti-aging Market,

by kanika sharma (few years ago!)

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