As per our research report, the Global Anti-Aging Face Cream Market size is estimated to be growing at a CAGR of 4.78% from 2024 to 2030.
Globally, the COVID-19 epidemic has had a profound impact on the cosmetics and beauty industry. Additionally, consumers were lured to self-care and beauty products during the coronavirus pandemic. As a result, a number of firms reorganised their shop designs to suit the evolving tastes and trends of their target market. Sustainability, a long-standing fashion trend, has also permeated the beauty and cosmetics industry. Consumers are trying to close the gap between supply and demand by continuing to find and purchase new products made of premium, long-lasting, and sustainable materials. Additionally, it is projected that in the projected years, the demand for these items will be driven by the notable increase in the ageing populations.
The growing inclination of consumers towards at-home skin rejuvenation solutions is driving a notable surge in the global market for anti-aging face cream. These scientifically developed face creams serve a wide range of consumers looking for cellulite and wrinkle reduction treatments. This reflects a global trend among adults to preserve a youthful appearance and older people to fight the indications of ageing. The market is growing as a result of additional factors such the growing elderly population, technical developments in product creation, and rising disposable income. However, there are several issues that could impede the market's expansion in the anticipated years, such as the high price of high-end anti-aging treatments and worries about possible negative effects from chemical-based creams. Consumers in the area are more concerned about premature indications of ageing, which is expected to drive demand. About 39% of Chinese women have said that anti-aging skincare products are essential to their skincare routine.
The higher rate of female labour force participation is associated with Central and South America's consistent GDP growth. This group is becoming more economically empowered as evidenced by their increasing discretionary income, which enables them to spend more on high-end skincare and makeup, including anti-aging items.
Macroeconomic reasons including urbanisation, consumers' increasing predilection towards new beauty goods, and changes in payment habits are what propel the market's upward momentum. Campaigns for advertising help to increase market size by raising consumer awareness and influencing their decisions. Notwithstanding these factors, the sector still has to contend with issues including the high cost of anti-aging goods and consumers' rising inclination towards natural and organic skincare products. As a result, the market must address these issues and adjust to changing customer preferences. For the foreseeable future, maintaining and growing the worldwide anti-aging face cream market will require striking a balance between innovation, accessibility, and safety. It is evident that although there is a sizable need for anti-aging face creams due to shifting lifestyles, technological improvements, and customer preferences, issues like cost and side effect concerns must be resolved in order to maintain and expand the market.
Key Market Insights:
With a projected 51% market share in 2022, the hypermarket and supermarket categories are expected to maintain their dominant position for the duration of the projection period. High customer preferences, benefits including selecting privilege, reduced costs, discounts, and the exposure to foreign products are all factors in these channels' success.
From 2023 to 2028, the Specialty Store segment is expected to grow at the fastest rate—that is, 8.7% CAGR. These stores are becoming more and more popular among customers, particularly those looking for particular brands or goods. The increased expansion of the specialty shop segment can be attributed to its perception as a noteworthy option.
Due in large part to rising skincare product use in developing nations like China and India, the Asia-Pacific region will hold a market share of over 40% in 2022. Growing worries about skin conditions such as acne, sunburns, melanoma, and UV ray effects have a favourable effect on the market in the region and increase demand for anti-aging face creams.
Premature ageing symptoms are a frequent issue throughout Asia-Pacific, where a significant portion of Chinese women (about 39%) include anti-aging products in their skincare regimens. This suggests a substantial market opportunity fueled by local demand and consumer awareness.
Leading companies in the worldwide market for anti-aging face creams, including Estee Lauder Inc., Procter & Gamble, Shiseido, and Unilever, are concentrating on introducing state-of-the-art goods and technology abroad. This approach, which emphasises the value of ongoing innovation in maintaining market competitiveness, attempts to increase their worldwide footprint and diversify their product offerings. The focus on leading manufacturers releasing innovative items and technologies draws attention to the fierce rivalry in the market.
Hypermarket & Supermarket
Pharmacy & Drug Stores
Specialty Store
Online
Others
North America
Europe
Asia-Pacific
South America
Middle East & Africa
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