Cosmetic concerns of individuals around the globe for improving their skin and enhancing their looks is on the rise and due to that significant reason the market for global anti-aging active ingredients is expected to grow in the near future
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Anti Ageing Active Ingredients Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
Global anti-aging active ingredients market, By Type (Chemical Peels, Sunscreen Ingredients, Peptides, Hyaluronic Acid, Anti-Oxidants, Retinol, Niacinamide, Others), By Form (Liquid, Powder) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
The global anti-aging active ingredients market is estimated for more than US$ 1,843.0 Mn in the year 2020 and expected to grow at a significant CAGR of 5.3% during the forecast period and expected to reach the value of more than US$ XX Bn in 2025.
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As per the report, the consumer’s lifestyle is turning over new leaves constantly which in turn resulting in revolutionizing the overall cosmetic industry across the world over the past two decades.
Remarkably, the personal care and grooming industry has evolved exponentially in the past few years, owing to the surging inclination of consumers towards self-grooming and good looks. In these times, the chaotic and stressful lifestyle of the population along with an environment filled with pollution has affected them both ways - physically as well as mentally.
Nowadays, consumers are more concerned about their personal appearance and skin health and beauty are closely linked with the whole consumers’ well-being. Owing to this, the global anti-aging active ingredients market is projected to witness rapid growth in the forthcoming future.
Basically, skin aging is an obscure biological procedure affected by a blend of internal metabolic or genetic processes and exogenic factors like UV-radiations, pollutants, chemicals. So, in order to enhance the skin elasticity, lift its density, guard it against radicals, dim wrinkles, and reduce the delusion of age spots, the anti-aging active ingredients are employed.
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In a similar manner, the soaring knowledge regarding the availability of such skincare products or anti-aging ingredients to diminish wrinkles, pimples, acne, and other skin-related issues, specifically among the adults and youth in recent years is also estimated to enhance the growth of the global anti-aging active ingredients market during the forecast period.
In addition to that, there have been noticeable changes in the consumer’s lifestyle that are expected to have positive emphasis among the aging population regarding self-care that resultantly promote the utility of anti-wrinkle creams.
Along with that, notably, men are equally attentive and bothered about their personal appearance and facial care these days as women these days and the trend of using anti-aging active products and serums is growing among men as well across the globe.
Attributing to which, the global anti-aging active ingredients market is projected to observe a breakthrough in the upcoming future. However, the huge cost of these anti-aging active ingredients is expected to restrict the growth of the global market.
Likewise, the long-lasting nature of synthetic cosmetics in comparison to natural cosmetics is also likely to hold back the growth of the global anti-aging active ingredients market in the upcoming years.
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MMC study identifies some of the key participating players in the anti-aging active ingredients market globally are Procter & Gamble Co., Johnson & Johnson, Unilever plc, Shiseido Company, Limited, ZO Skin Health, Inc., L’Oréal Paris, The Estée Lauder Companies, Inc., Beiersdorf, and PHYTOMER, among several others.
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