ANTI AGING PRODUCTS MARKET ANALYSIS

Anti-Aging Products Market, by Product Type (UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Marks, Natural Products, Hair Products, and Others), by Age Group (15–20 years, 20–25 years, 25–40 years, and over 40 years), and by Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Global Anti-aging Market Outlook

North America region holds the major market share of anti-aging creams and is estimated to grow at a CAGR of 5.9 % during the forecast period. The market in Canada region is expected to cover 40% of the market share during the forecast period. L’Oreal stands be one of the major players in this segment and accounted for over 17.5% of the market share in Canada skin care market in 2016. Furthermore, product innovation is a key factor driving market growth. For instance, MIT innovated a new cream in 2017 with anti-wrinkle benefits. The cream helps to restore healthy skin properties and it is composed of biocompatible polysiloxane based material. MIT, Living Proof, and Olivio Laboratories collaborated to innovate XPL.
Repetitive exposure to UVR or environment pollutants mutates DNA after penetrating deep into dermis that activates the production of matrix metalloproteinase along with free radicals, which initiates the oxidative process. As a result, healthy collagen breaks leading to skin sagging and ageing. Thus, products with antioxidants is increasingly gaining popularity in the market as it help to neutralize the effects of free radicals. For instance, Chaster Skin Care has launched new EGA anti-aging cream in the year 2017, which helps to boost antioxidant capability of the skin and resists UV damage.