Report Ocean published a new report on the Anti-Aging Ingredient market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
The global market report contains data on research & development, new product launches, and product responses from global and local markets by leading companies. The structured study offers a graphical presentation and a diagrammatic examination of the global market by region.
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The global anti-aging ingredient market size was US$ 320.1 million in 2021. The global anti-aging ingredient market is forecast to grow to US$ 429.8 million by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Anti-Aging ingredients are used to slow down the aging process. These ingredients work as an agent against heredity factors. These ingredients contain a high amount of vitamin C, vitamin E, flavanols, carotenoids, antioxidants, nitrates, isoflavones, and many others, which slow down the aging process. All of these substances work to improve the facial skin’s suppleness and wrinkles while radiance-boosting the skin’s appearance. Anti-aging products come in both liquid and powder forms. Anti-aging compounds are typically a subset of skincare ingredients that hydrate the skin and shield it from the sun to help reduce, conceal, or prevent the appearance of skin aging.
Factors Influencing the Market
The rising demand for cosmetics products to reduce the aging effect will primarily drive the growth of the anti-aging ingredient market during the forecast period. Anti-aging products are gaining significant traction, mostly among females. Moreover, unhealthy diet habits and growing awareness about the necessity of personal care products will significantly boost the growth of the market during the analysis period.
The growing trend of customized anti-aging products will also benefit the market during the forecast period. In addition, products that offer multifunctional aids are gaining notable popularity. As a result, it will propel the anti-aging ingredient market forward.
Busy lifestyles and rising cases of dehydration, wrinkles, and other skin-related problems will escalate the growth of the global anti-aging ingredient market during the analysis period.
Growth in urbanization and rising consumer purchasing power are expected to bring untapped potential opportunities for market growth. On the contrary, side effects of chemical-based cosmetics products may act as a notable restraint in the market growth.
COVID-19 Impact Analysis
The demand for anti-aging products decreased due to the onset of the pandemic. The pandemic affected the purchasing power of the consumer, which in turn limited the demand for cosmetics. The cosmetics industry also witnessed a substantial downfall due to the supply chain disruptions caused by the unavailability of raw materials.
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Regional Analysis
North America is forecast to hold the highest share in the global anti-aging ingredient market, owing to the rising consumption and demand for skincare products. Furthermore, rising awareness related to the benefits of beauty products in maintaining the healthy skin are expected to be opportunistic for the anti-aging ingredient market during the study period. The Asia-Pacific anti-aging ingredient market is forecast to record significant growth due to rising demand for cosmetics in the region.
Competitors in the Market
• 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
Market Segmentation
The global anti-aging ingredients market segmentation focuses on Product, End-User, and Region.
By Product Type
• Chemical Peels
• Sunscreen Ingredients
• Niacinamide
• Hyaluronic Acid
• Peptides
• Retinol
• Others
By End-User
• Cosmetics
• nutraceuticals
• Others
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By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
What are the goals of the report?
⮞The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
⮞The paper also analyses market sizes in the past and present.
⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
⮞The study examines the future period’s growth rate, market size, and market worth.
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