Anti-Ageing Ingredients Market Overview
The anti-ageing ingredients market is estimated to generate revenue of $2,889m by 2023, growing at a CAGR of 4.8% during the forecast period 2018-2023. The growth of the market can be attributed to the increasing consumer awareness about health and personal care coupled with wide advertisements and distribution channels for the anti-ageing products. Geographically, the Americas dominated the Anti-Ageing Ingredients Market owing to the high spending on cosmetic and anti-aging products by the people of this region. The Americas is followed by Asia-Pacific and Europe as the second and third largest markets for anti-ageing ingredients.
Anti-Ageing Ingredients Market Outlook
Anti-ageing ingredients act as agents to slow down the aging process by working against sun exposure, as well as hydration and heredity factors. Anti-aging products in general are rich sources of carotenoid, flavanols, nitrates, antioxidants, isoflavones, leucine, vitamin C, vitamin E and many others, which reduce the aging process. The increasing demand for cosmetic products and growing disposable incomes globally are the factors driving the anti-ageing ingredients market. Formulators of anti-ageing products have come up with new technologies and effective ingredients such as advanced biotechnology products or synthetic peptides to gain a strong foothold of the anti-ageing ingredients market.
The anti-ageing ingredients market is segmented based on application, type, form, and geography. Anti-ageing ingredients are used in the cosmetics and food & beverages industries. Anti-ageing products can be used in two forms, namely liquid and powder. Some of the ingredients used in anti-ageing products are chemical peels, sunscreen ingredients like titanium dioxide and zinc dioxide, peptides, Hyaluronic acid, anti-oxidants, and retinols.
Anti-Ageing Ingredients Market Growth Drivers
Growing consumption of cosmetic products in developing nations, rising awareness about dietary supplements and personal care products formulated with active ingredients to benefit aging issues
Growth in urbanization coupled with increased disposable incomes
The increase in ageing population as well as the trend towards youthful appearance
Anti-Ageing Ingredients Market Challenges
Anti-ageing ingredients are produced using various chemical products, hence the side effects of chemical-based cosmetics products act as major challenges for the anti-ageing ingredients market. Moreover, the stringent regulations imposed by the regulatory bodies and governments in various countries are hindering the growth of the personal care products market, which in turn is restraining the growth of the anti-ageing ingredients market.
Anti-Ageing Ingredients Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the anti-ageing ingredients market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of anti-ageing ingredients, and their specific applications in end use industries.
Anti-Ageing Ingredients Market Report: Industry Coverage
Types of Anti-Ageing Ingredients: Chemical Peels, Sunscreen Ingredients, Peptides, Hyaluronic Acid, Anti-Oxidants, Retinol, Niacinamide, and Others
Forms of Anti-Ageing Ingredients: Liquid, and Powder
Applications of Anti-Ageing Ingredients: Cosmetics, Food & Beverages, and Others
The Anti-Ageing Ingredients market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- The Americas: The U.S., Canada, Mexico, Brazil, Venezuela, Argentina, and Rest of Americas
- Europe: The U.K., Germany, Italy, France, Spain, Russia, Ukraine, and Rest of Europe
- APAC: China, Australia, South Korea, India, and Rest of APAC
- Rest of the World: The Middle East and Africa
Anti-Ageing Ingredients Market Key Players Perspective
Some of the key players mentioned in this report are DOW Chemical Company, Evonik Industries AG, Lonza, Ashland Global Holdings Inc., Croda International Plc, BASF SE, Wacker Chemie AG, Clariant AG, Koninklijke DSM N.V., and Adeka.
Anti-Ageing Ingredients Market Trends
- Growing demand for natural and herbal products
- Shifting focus towards male specific cosmetics. Increasing product innovations in the personal care industry to address ageing related issues
- Increasing customer health awareness, broad distribution channels, and launch of new products
- The anti-ageing segment continues to be the main evolution engine for the entire global personal care industry.
- Varied product offerings with multifunctional aids and growing demand for non-invasive ways to reverse or ward off aging is one of the key factors propelling the market. Growing consumption of cosmetic products in developing nations and increasing awareness about dietary supplements and personal care products formulated with active ingredients are driving the anti-ageing ingredients market.