Anti-Wrinkle Products Market Size, Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Anti-Wrinkle Products Market


The global Anti-Wrinkle Products market size is projected to reach US$ 31.55 billion by 2026, from US$ 22.62 billion in 2020, at a CAGR of 5.7% during 2021-2026. Rising geriatric population across the globe coupled with technological advancements in the cosmetic industry is expected to be the key factor propelling the market growth. Anti-wrinkle products are gaining traction as they have formulation well suited to slower the aging process. Major causes of wrinkles include the lack of essential nutrients in the body, exposure to UV light and pollution for higher duration, smoking, dehydration, drugs, along with other genetic factors.

APAC has the largest population in the world, which makes the region a huge market for anti-aging products. Countries, such as South Korea and Japan, are using advanced technologies in cosmetics products due to high R&D spending. Serums with higher absorbing capacity than lotions and oils like essential and elixir oils are witnessing the rising demand in the market.

Increased awareness about early ageing is fueling the products demand further. Consumers, especially in the age group of 25 to 40 years, spend a larger proportion of their disposable income on cosmetic products. Thus, to serve the rising demand, manufacturers are constantly launching various products and services. Rising popularity of online distribution channels is also contributing to the growth of this market.

Hypermarkets and supermarkets have the highest market share among other distribution channels. On the other hand, the online segment is projected to witness the highest CAGR from 2019 to 2025. Easy availability of products coupled with preference for digital payments has led to the growth of this segment.

Market Segmentation, Outlook & Viewpoint: Global Anti-Wrinkle Products Market

Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Serums
  
Oils
  
Lotion

Distribution Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Supermarkets & Hypermarkets
  
Specialty Stores
  
Convenience Stores
  
Online

Key Players, Recent Developments & Regional Insights: Global Anti-Wrinkle Products Market

The demand for serums is likely to expand at a CAGR of 6.4% from 2019 to 2025 owing to properties of serums, such as stimulating growth of cells and collagen production thereby reducing wrinkles. Oils, especially essential oils like geranium oil, have skin tightening properties. They also contains fatty acids, which are the necessary nutrients to help build healthy skin cells.

The oil product segment accounted for a share of 27.86% in 2018. It is further projected to witness the fastest CAGR of 6.38% from 2019 to 2025. Most of the anti-wrinkle and anti-aging lotions are rich in retinols and alpha-hydroxy acids. For instance, Vichys Lift-Activ Supreme Night Cream boosts collagen production, improves elastin, and promotes cellular turnover, thus improving the skin tone.

Distribution Channel Insights

Hypermarkets and supermarkets, specialty stores, and convenience stores are the major distribution channels. Hypermarkets and supermarkets held the largest share in 2018 due to the availability of different products at varied prices. Additionally, supermarkets like Marks and Spencers offer regular discounts, which further contributes to the segment growth.

Online channels, such as Nykaa and Althea, offer branded products at reasonable costs with no extra shipping charges, thus driving the market forward in this segment. A number of discounts and offers are provided on such online stores, which boosts the segment growth further. The online channel accounted for USD 4.20 billion in 2018 and is expected to register the highest CAGR of 6.6% over the forecast period.

Regional Insights

Asia Pacific is the dominant and fastest-growing regional market. Key companies in this region include Face Shop, Innisfree, and Soko Glam. Rising levels of pollution and exposure to UV light have resulted in an increased demand for anti-wrinkle products in this region. Europe is also likely to witness healthy growth over the coming years on account of easy availability of a large number of new age advanced skincare products due to strong presence of major companies like Bioderma, Clarins, Vichy, and Kiko Milano. Increasing popularity of serums and essential oil benefits in the region is fueling the demand for fast absorbing and natural products.

MEA is another promising market on account of considerable demand from countries, such as UAE and South Africa. Rising disposable income in these regions is also contributing to the regions expansion. U.S. is expected to drive the North America market with a CAGR of 6.9% from 2019 to 2025. Growing geriatric population and rising awareness about skin care regime has augmented the market growth.

Anti-Wrinkle Products Market Share Insights

Many companies are spending a higher capital in R&D to sustain the competition in the market. For instance, nearly every big company in South Korea has own patents and focus on technological improvement to manufacture advanced products while adhering to strict quality control and certification standards. The industry competition is comprehensive of factors such as distribution channels, technological innovations, product portfolio, strategic developments, and formulations. The key companies in the market are LOreal, Clarins, Estee Lauder, Olay, Revlon, Forest Essentials, and Face Shop.

Key Insights Covered: Global Anti-Wrinkle Products Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Anti-Wrinkle Products industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Anti-Wrinkle Products industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Anti-Wrinkle Products industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Anti-Wrinkle Products industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Anti-Wrinkle Products industry.

Research Methodology: Global Anti-Wrinkle Products Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other