Home > Bulk & Specialty Chemicals > Anti-Aging Ingredients Market

Anti-Aging Ingredients Market Size By Form (Liquid, Powder), By Product (Chemical Peel [Hydroxy Acid, Retinoic Acid Peel], Sunscreen Ingredients [Titanium Dioxide, Zinc Oxide, Oxybenzone, Dioxybenzone], Peptides, Anti-Oxidants, Hyaluronic acid, Retinol, Niacinamide), By Application (Cosmetics, Nutraceuticals) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4907
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Global anti-aging ingredients market size was over USD 1,145 million in 2020 and is estimated to grow over 7.5% CAGR between 2021 and 2027. Growing consumer awareness regarding personal care and health along with high consumer spending will promote the business growth.

Anti-aging ingredients are predominantly cosmeceutical skin care ingredients which reduce, mask or prevent appearance of skin aging by hydrating the skin and protecting against sun exposure. The anti-aging ingredients include conventional moisturizing ingredients including retinoic acid, peptides, hyaluronic acid, retinol, hydroxy acid, anti-oxidants and sunscreen ingredients. The rising consumer awareness about personal care and health coupled with increasing consumer spending is likely to boost the anti-aging ingredients market in coming years.

Anti-Aging Ingredients Market Outlook

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Anti-aging products are mainly sold through in-store shopping across the globe. Owing to the COVID 19 pandemic, long-lasting lockdowns have been witnessed across the globe and this factor has hampered the sales of anti-aging products, in turn declining the demand for anti-aging ingredients. Moreover, the disturbance in the supply chain has also affected the imports and exports of raw materials.

 The COVID-19 pandemic has also forced employees to lose their jobs due to mass layoffs. This factor has had a high impact on the consumer spending on anti-aging products, especially the premium products as they had to shift their focus on fulfilling the basic necessities. This factor, in turn, is also affecting the anti-aging ingredient market. However, increasing online shopping among consumers due to lockdown is expected to reduce the losses of cosmetic manufacturers.

Rising inclination towards beauty and hygiene among consumers is augmenting the growth of skin care products. The increasing demand for innovative products and techniques is driving market players to emphasize on R&D activities. The technological advancements in the personal care and cosmetics industry has led to development of advanced and novel product development.

The global cosmetics market is estimated to be valued more than USD 335 billion in 2020 and is expected witness steady growth driven by increasing online beauty spending, acceleration of urbanization, shifting consumer interest towards innovative & premium products, along with the growth of upper middle classes. Furthermore, owing to high demand for anti-aging products from millennial and elderly population the anti-aging ingredients market is perceived to gain significant momentum during the forecast period.

Growing sun protection products demand will drive sunscreen ingredients market growth

Anti-Aging Ingredients Market by sunscreen ingredients

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The anti-aging ingredients market is segmented by product into Chemical peels, peptides, sunscreen ingredients, anti-oxidants, hyaluronic acid, retinol, niacinamide, and others. Sunscreen ingredients accounted for a largest revenue share in the global market, accounting for a value of USD 352.73 Million in 2020. Growing consumer awareness about ill-effects of over exposure to ultraviolet (UV) rays is expected to augment the market growth.

Stringent government regulations and standards associated with the usage and composition of ingredients is expected to hamper the market growth. For instance, in 2019 the U.S. Food and Drug Administration, proposed a regulation to restrain the use of four active ingredients of sunscreen i.e., avobenzone, oxybenzone, octocrylene, and ecamsule as they are absorbed by the body in substantial amounts.

Chemical peels accounted for USD 43.35 million in 2020 and is anticipated to robust growth during the review period. The growth is attributed to increasing focus on skin care products on the account of rising pollution and skin problems across the globe. Increasing awareness about the health benefits of chemical peels including removal of acne, age spots, scars, and wrinkles is expected to propel chemical peels demand during the forecast period.

Increasing air pollution and rapid urbanization coupled with increased consumer spending is driving product demand for cosmetic applications

Anti-Aging Ingredients Market by Cosmetics Application

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Global market is bifurcated based on application as cosmetics and nutraceuticals. Cosmetics application segment was valued at USD 814.89 million in 2020. Increasing consumer demand for acne removal solutions and anti-aging products along with increasing demand for men grooming products will augment the industry growth. Moreover, increasing skin problems owing to air pollution, hormonal imbalance and genetic disorder are leading to advanced product development and thus are expected to drive the anti-aging ingredients market growth.

Growing consumption of cosmetics and personal care products across the globe coupled with rising awareness about the benefits of anti-aging ingredients will augment the anti-aging ingredients market share. Moreover, the long-term growth of the market is anticipated to be optimistic, driven by socio-economic factors including rapid urbanization & industrialization, increasing populace, changing lifestyle and economic growth. Also, changing demographics, rising generic population and increasing disposable income coupled with insatiable desire for beauty is boosting cosmetics industry growth.

Increasing consumption of skin care products in North America should boost product demand

Anti-Aging Ingredients Market by Region

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The North America anti-aging ingredients market was valued at over USD 313.4 million in 2020, and is expected to reach around USD 507.5 million by 2027, at a CAGR of around 7.3% from 2021 to 2027 owing to increasing demand for skin care products and sunscreen. The rising demand for man grooming products and increasing concerned about aesthetics coupled with desire for beauty will propel the industry growth.

However, stringent standards imposed the regulatory bodies such as U.S. Food and Drug Administration for the use of cosmetic ingredients is expected to hinder the market growth. Nevertheless, increasing R&D spending, technological advancement and product innovation is expected to pave way for the anti-aging ingredients market growth during the forecast period.

Strategies such as product innovation and launches are adopted by market participants to enhance the competitiveness

Key players operating in the anti-aging ingredients industry include DSM, Unilever PLC, DOW Chemical Company, Croda International Plc, BASF SE, Wacker Chemie AG, Adeka, Kao Corporation, Contipro a.s, BioThrive Sciences, SHISEIDO and Lonza are some other players operating in the market. The presence of large number of players make market more competitive and moderately fragmented in nature. 

In December 2020, SILAB launched ERISIUM, an anti-aging active ingredient based on natural origin. ERISIUM is produced from the outer layers of rice that maintains cellular proteostasis by targeting the Unfolded protein response (UPR) repair pathways.

The global anti-aging ingredients market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2016 to 2027 for the following segments

By Form

  • Liquid
  • Powder

By Product

  • Chemical Peels
    • Hydroxy Acid
    • Retinoic Acid Peel
    • Others
  • Sunscreen Ingredients
    • Titanium Dioxide
    • Zinc Oxide
    • Oxybenzone
    • Dioxybenzone
    • Others
  • Hyaluronic acid
  • Peptides
  • Anti-Oxidants
  • Retinol
  • Niacinamide
  • Other

By Application

  • Cosmetics
  • Nutraceuticals

By Region

  • North America 
    • U.S
    • Canada
    • Mexico
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Malaysia
    • Australia
  • Latin America 
    • Brazil
  • Middle East and Africa 
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Kunal Ahuja, Harneet Mehar

Frequently Asked Questions (FAQ) :

The global anti-aging ingredients market size was pegged at over USD 1,145 million in 2020 and is slated to expand at more than 7.5% CAGR between 2021 and 2027 with increased spending on personal care.

Sunscreen ingredients product segment stood at a valuation of over USD 352.73 million in 2020 and will grow owing to higher consumer awareness pertaining to side-effects of over exposure to UV rays.

North America anti-aging ingredients market value was over USD 313.41 million in 2020 and is projected to expand at a CAGR of 7.3% through 2027 with a strong demand for sunscreen and skin care products.

Cosmetics application segment was valued at USD 814.89 million in 2020 and will grow steadily through 2027 due to impressive demand for acne removal solutions and female anti-aging products.

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Premium Report Details

  • Published Date: Jan 2021
  • Companies covered: 20
  • Tables & Figures: 347
  • Countries covered: 5
  • Pages: 250

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