The middle- aged people are increasingly witnessing aging anxiety due to high prevalence of extrinsic signs of aging. Intrinsic aging or chorological aging leads to changes in facial appearance such as loss of skin elasticity and collagen; decrease in dermal collagen and others. Therefore, aging anxiety, concerns about changes in facial appearance, and motivation to look younger have led the middle- age population to opt for ant- aging skin care and hair care products. Therefore, the rise in older population is increasing the demand for anti- aging products, especially skincare products such as anti- wrinkle creams and skin lotions, which, in turn, drive the growth of the global anti- aging products market. analysts have predicted that the anti- aging products market will register a CAGR of almost 7% by 2023.
Rising beauty consciousness among people
Aesthesis appearance and beauty consciousness are gaining importance among individuals to look younger. Therefore, the emergence of non- invasive anti- ageing treatments and rising awareness about the benefits of treatments have further led to the popularity of anti- aging products in the market.
High cost of anti- ageing products
Cosmetic products such as anti- ageing creams, serums, and other age- defying facial products are highly proceed due to the factors such as presence of expansive ingredients, and the inclusion of packaging and advertising costs in the final price of the products.
For the detailed list of factors that will drive and challenge the growth of the anti-aging products market during the 2019-2023, view our report.
The anti-aging products market is moderately concentrated. Vendors are providing more emphasis on improving the distribution network and ensuring the availability of products among consumers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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