In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global anti-aging and anti-wrinkle products market considering 2016-2019 as the historic year and 2020–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The anti-aging and anti-wrinkle products market trends analysis report outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Shiseido Company Limited, Procter & Gamble Co., Johnson & Johnson, ZO Skin Health Inc., and many more.
According to research findings, the global anti-aging and anti-wrinkle products market is estimated to record 6% CAGR growth during the forecast period (2020-2027). This advancement can be accredited to manufacturers’ efforts through the adoption of effective marketing strategies and anti-aging and anti-wrinkle products centric propagation, which has proven successful in drawing enhanced consumer attention.
Preference for Organic Products to Offer Profitable Outcomes
This Fact.MR study reveals that the anti-aging and anti-wrinkle products market is quite fragmented when viewed through a wider perspective. This is because there are only a limited number of players who are leading the market with international presence and are facing extreme competition from domestic players. Furthermore, there is rising consciousness associated to the side effects of chemical-based products that is causing a shift in the raw materials being used for the creation of anti-aging and anti-wrinkle products. Interestingly, local players are motivated to develop products using organic ingredients so as to fulfil the unsatisfied demands of consumers.
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Asia Pacific Market Showcasing Increased Prospects Driven by China
Focusing on the regional market expanse, China is seen as a key anti-aging and anti-wrinkle products market, since the concentration of individuals aged between 20-40 years is significantly high. Hence, awareness regarding skincare in this region is quite escalated, especially among women, which is therefore heightening the adoption of such products. Apart from China, density of the geriatric population is fairly risen in Japan, which is promoting an increase in the acceptance of anti-aging and anti-wrinkle products. In the recent past, favorable export policies have been established by the governments of India, Japan and China, thereby, offering impetus to Asia Pacific’s status in the global anti-aging and anti-wrinkle products market.
Fondness for Creams Expected to Remain High during Forecast Period
The preference for creams as compared to other beauty products, serums and gels, is expected to remain high, due to their relaxed availability and application. Moreover, creams are seen as an essential element for a daily beauty routine, and is projected to offer supportable supply opportunities to anti-aging and anti-wrinkle product manufacturers.
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Some of the prominent market players mentioned in the report include names like Procter & Gamble Co., Unilever plc, Johnson & Johnson, ZO Skin Health, Inc., Shiseido Company, Limited, L’Oréal Paris, etc.
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Fact.MR
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