According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Day Care Anti-aging Products Market (Product Type: Day Care [Cream, Lotion, Scrub, Serum, and Others], and Night Care (Cream, lotion, Scrub, serum and others) ; Category: Premium and Mass; Skin Type [Normal, Dry, and Oily]; Age Group [20–25 Years, 26–40 Years, 41–50 Years, and 51 Years and Above]; Application: Face, Hair, and Others, End User: Men and Women; Distribution Channel: Online [Company-owned Website and e-Commerce Website] and Offline [Hypermarket/Supermarkets, Pharmacies, Beauty Salon, and Others]) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’, the Global Anti-Aging Products Market is expected to reach US$ 30.43 Bn by 2027 and expand at a CAGR of ~6% from 2019 to 2027.
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The Day Care Anti-aging Products Market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years with the entry of several new entrants. Some of the key players in the market are Estée Lauder Inc., LOreal SA, Beiersdorf Limited, KAO Corporation, Procter & Gamble, Revlon, Johnson & Johnson, Unilever, Oriflame Cosmetics Global SA, and Shiseido Company.
The Global Day Care Anti-Aging Products Market was valued at US$ 11.8 Billion in 2018 and is expected to expand at a CAGR of 6% from 2019 to 2027. In terms of product type, the day care section is anticipated to hold a significant market share and grow at an accelerated rate during the forecast period. The products are modified in several aspects like sizes, price range, skin types, and others which is driving an uplift in the sales. Besides, Day Care Anti-Aging Products are designed to render as much protection from harmful UV rays, environmental strains, and pollution. Considering these factors, the market attractiveness of Day Care Anti-Aging Products is expected to rapidly grow across the world during the forecast period. Manufacturers are increasingly promoting their products for educating women on the importance of anti-aging products. Private label products are also made available at a cheaper price than leading brands for the consumers to avail them. Moreover, the inclination of the middle-aged and older population toward natural and organic-based products is foreseen to create a huge opportunity for anti-aging products across the world.
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According to the studies improved the lifestyle of the people coupled with a rise in disposable incomes, particularly in developing countries, offers immense growth potential for players operating in the hair removal wax market. However, the report also says that the market is also experiencing intense competition due to the presence of new entrants and competitive pricing strategies adopted by players. Pricing strategies of aspirant companies have compelled established players in the market to adopt competitive prices. Lower pricing has reduced the profit margins from products and services. Moreover, the use of certain chemicals in cosmetics and skincare products are ban by the Government regulations. These regulations are in place to ensure the safety of ingredients used and to protect customers from the side effects of chemical-based products. The regulations require a product to be certified organic in order to be sold in the market as an organic anti-aging product.
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As the lifestyle of the people has upgraded with increased incomes, there is a lot of growth potential for Day Care Anti-Aging Products. Area-wise, Asia Pacific is expected to be the most attractive region during the projection period. The growth rate for middle age and old age group is rapidly increasing along with their spending capabilities and awareness about skincare and has led to the rapid growth of the Global Day Care Anti-Aging Products Market during the forecast period.
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