AP NEWS

Global Anti-aging Products Market 2019-2023 | Online Availability of Products to Boost Growth | Technavio

December 26, 2018

LONDON--(BUSINESS WIRE)--Dec 26, 2018--The global anti-aging products market is expected to post a CAGR of close to 7% during the period 2019-2023, according to the latest market research report by .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181226005066/en/

Technavio has released a new market research report on the global anti-aging products market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing older population. In recent years, the older population between the age 30-45 has been increasing, leading to a growing demand for anti-aging products to look younger. The middle-aged people are increasingly witnessing aging anxiety due to the high prevalence of extrinsic signs of aging. Intrinsic aging or chronological aging leads to changes in facial appearance such as loss of skin elasticity and collagen, decrease in dermal collagen, melanin production, and hair follicles; appearance of lines and wrinkles; and increase in hyperpigmentation. Similarly, extrinsic aging caused by sources such as climate, pollution, stress, and diet results in damage to the dermis with effects on collagen and elastic fibers. Therefore, aging anxiety, concerns about changes in facial appearance, and motivation to look younger have led the middle-aged population to opt for anti-aging skin care and hair care products, which, in turn, will drive the growth of the global anti-aging products market.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the online availability of products as one of the key emerging trends in the global anti-aging products market:

Global anti-aging products market: Online availability of products

The increasing internet penetration is leading to the rise in awareness about online purchasing of anti-aging products. Sales through online channels are gradually penetrating, as products such as anti-aging creams, lotions, and serums are sold online to meet the increasing needs of consumers. Cosmetic companies are increasingly adopting online platforms for selling their products in different regions. For instance, L’Oreal is offering products such as REVITALIFT Triple Power Intensive Anti-Aging Day Cream Moisturizer through its website to meet consumer demand. Thus, the increase in the number of digital portals offering medical devices and products such as anti-aging products helps consumers around the world to purchase products with ease, after comparing prices and product features. This, in turn, will drive market growth during the forecast period.

“Aesthetic appearance and beauty consciousness are gaining importance among individuals to look younger. Young men and women are incorporating changes in their lifestyles to retain younger-looking skin. Furthermore, the emergence of non-invasive anti-aging treatments and rising awareness about the benefits of treatments have further led to the popularity of anti-aging products in the market,” says a senior analyst at Technavio.

Global anti-aging products market: Segmentation analysis

This market research report segments the global anti-aging products market by product (skincare, haircare, and others) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2018 with a market share of over 30%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth of over 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181226005066/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: RETAIL COSMETICS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/26/2018 04:40 AM/DISC: 12/26/2018 04:40 AM

http://www.businesswire.com/news/home/20181226005066/en

AP RADIO
Update hourly