TAGS: Skin Care Sun Care
Markets and Markets (M&M) anticipates that the anti-aging ingredients market is projected to reach USD 2.0 billion by 2030, at a CAGR of 7.6% from USD 1.1 billion in 2022.
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 ingredients 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.
Sunscreen Ingredients: Largest Anti-aging Ingredients Market
The increasing consumption of skincare products owing to climate change is estimated to create profitable opportunities for the sunscreen ingredients. Based on dynamic climatic conditions and personal skin types, the introduction of UV filter-based products by manufacturers will propel the sunscreen ingredient demand. Moreover, the growing awareness regarding the importance of sun protection and the development of skin cancer & diseases due to ozone layer depletion are driving the sunscreen ingredients segment expansion.
The growing awareness of ones physical appearance among both young & old consumers has fueled the demand for cosmetics & anti-aging products, thereby driving the market globally. A good physical personality is a requirement that determines an individuals success in various areas of life, thereby augmenting the use of anti-aging products that can limit or delay these changes. Furthermore, the rapidly increasing youth population and increasing disposable incomes worldwide have led to the increasing demand for cosmetics, thereby driving the overall industry statistic.
Highest Growth in Asia Pacific Region
Growth in the Asia Pacific region is due to increasing disposable incomes and shifting consumer lifestyles. The increasing number of online retail platforms and rising health & fitness awareness are likely to create more business opportunities. Increasing focus on corporate life and rising awareness of mens grooming, specifically among the youth, are projected to boost the demand for cosmetics products, thereby driving the demand for anti-aging ingredients in this region.
The key players in this market are Adeka Corporation (Japan), Unilever plc (UK), Contipro Inc. (Czech Republic), The Procter & Gamble Company (US), Beiersdorf AG (Germany), LOréal S.A. (France), BioThrive Sciences (US), Kao Corporation (Japan), and SHISEIDO (Japan) and others.
Source: Markets and Markets (M&M)
