Anti-Aging Ingredients Market Size

Anti-Aging Ingredients Market Size

Anti-Aging Ingredients Market size surpassed USD 1.13 million in 2021 and will exhibit a growth rate of over 7.9% CAGR from 2022 to 2028. The rapidly increasing youth population & disposable incomes worldwide has led to the increasing demand for cosmetics, thereby driving the market growth. Additionally, changing climatic conditions coupled with hectic life schedules have adversely affected different skin types and triggered early aging signs, thereby necessitating the use of anti-aging products and subsequently driving the industry statistics globally.

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Anti-aging ingredients are cosmeceutical skincare ingredients that hydrate the skin and protect it from sun exposure to reduce, mask, or prevent the appearance of skin aging. Traditional moisturizing ingredients, such as peptides, hydroxy acid, hyaluronic acid, retinoic acid, retinol, and antioxidants, are among the many anti-aging ingredients that slow down the aging process by working against sun exposure & heredity factors and providing hydration. Anti-aging products, in general, contain high concentrations of carotenoids, antioxidants, flavonols, isoflavones, leucine, nitrates, vitamin C, vitamin E, and other nutrients that slow the aging process.
 

The increasing number of anti-aging cream brands implementing multifunctional properties to their products along with higher disposable income and high consumer awareness will drive the overall market growth. The presence of leading cosmetics companies, such as Johnson & Johnson, Procter & Gamble, Estée Lauder, Coty, Mary Kay, etc., in the U.S. is anticipated to augment the industry demand. The increasing number of online retail platforms and rising health & fitness awareness are likely to create more business opportunities. Furthermore, increasing focus on corporate life and rising awareness of men's grooming, specifically among the youth, are projected to boost the demand for cosmetics products, thereby driving the demand for anti-aging ingredients in the region.
 

The growing demand for moisturizing lotions, facial wipes, skincare gels, and anti-aging creams is anticipated to propel the market size of ant-aging ingredients owing to their extensive usage in these products. The increase in cosmetics sales reflects the overall rise in consumer awareness of personal appearance along with a rise in disposable incomes. Consumers in Asia Pacific have become increasingly aware of organic products owing to new product launches by Himalaya, Boutique, and Skin Food, thus driving the demand for anti-aging ingredients.