Anti-Aging Ingredients Market Insights and Growth by 2031
The anti-aging ingredients market size is projected to reach US$ 2 billion by 2031 from US$ 1 billion in 2023. The market is expected to register a CAGR of 8% during 2023–2031. Natural ingredients, multiple-step skincare routines, and obsession with glass skin are likely to remain key trends in the anti-aging ingredients market.
Anti-Aging Ingredients Market Analysis
Organic skincare products reduce the occurrence of irritation, itching, or other skin concerns when used routinely. These products help in tightening the skin by regulating oil production; they also lower the incidence of skin allergies and breakouts. With the increasing penetration of social media networks, awareness about the benefits of organic personal care products, including anti-aging products, is also growing. Further, herbal beauty products, especially anti-aging products, have gained significant traction as these products are claimed to be vegan, natural, cruelty-free, organic, and halal. As a result, many manufacturers are launching products enriched with anti-aging ingredients, thereby driving the anti-aging ingredients market growth. For example, Evonik Industries offers an extract with high antioxidant content. The organic black current bio extract is rich in phenolic compounds and anthocyanins that help decelerate natural aging.
Anti-Aging Ingredients Market Overview
Anti-aging skin care products are infused with ingredients that repair the damaged skin due to prolonged exposure to sun, pollution, and dust particles, thereby rejuvenating the skin’s texture. Chemical peel, retinol, peptides, leucine, antioxidants, niacinamide, carotenoids, vitamin C, hyaluronic acid, vitamin E, and flavonoids are among the ingredients that have anti-aging properties. The demand for anti-aging products is driven by the growing awareness of the benefits associated with anti-aging products. Thus, the increased demand for anti-aging products contributes to the growth of the market for anti-aging ingredients.
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Anti-Aging Ingredients Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Anti-Aging Ingredients Market: Strategic Insights
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Anti-Aging Ingredients Market Drivers and Opportunities
Rising Demand for Anti-Aging Products Due to Early Aging to Favor Market
Balancing a healthy diet with extended work schedules has become strenuous for people in this fast-paced life. As a consequence, it has resulted in premature aging. Nevertheless, the rising awareness of early aging problems among the younger population promotes the traction of anti-aging products. Anti-aging ingredients are used in cosmetics, personal care products, as well as cosmeceuticals that help prevent sun damage, reduce aging, and make skin appear youthful. Anti-aging ingredients slow down the aging process by repairing the damaged skin due to prolonged exposure to sun, dust particles, and pollution. Anti-aging ingredients also work against heredity factors as well as certain deficiencies, making the skin look young and fresh. Carotenoids, antioxidants, vitamin C, vitamin E, leucine, and flavonoids are among the predominantly used anti-aging ingredients.
Due to increased disposable income levels and improved lifestyles, people are actively investing in products that help them look youthful and rejuvenating. This factor will continue to propel the anti-aging ingredients market growth during the forecast period
Rising Awareness of Anti-Aging Cosmeceuticals to Provide Robust Growth Opportunities
The demand for natural, organic, cruelty-free, plant-based, and clean-label ingredients increased as people became concerned about their health, especially after the COVID-19 outbreak. The perception of people changed as they experienced the benefits of products that focussed on inner beauty or beauty-from-within. The demand for cosmeceuticals that reduce the aging process also increased during the pandemic due to the rising beauty-from-within trend.
Anti-Aging Ingredients Market Report Segmentation Analysis
Key segments that contributed to the derivation of the anti-aging ingredients market analysis are ingredient type and application.
- Based on ingredient type, the anti-aging ingredients market is divided into SPF, peptides, hyaluronic acid, antioxidants, retinol, niacinamide, ceramides, and others. The retinol segment held the largest market share in 2023. Retinol increases the skin elasticity and slows down the production of melanin. It also reduces clogging of pores and skin inflammation. Retinol improves the appearance of skin by reducing fine lines and wrinkles, making the skin look soft, supple, and youthful. It fades the dark spots and evens out the rough patches on the skin. The rising awareness of the benefits of retinol in anti-aging is driving its demand in the anti-aging ingredients market.
- In terms of application, the market is bifurcated into cosmetics & personal care and nutraceuticals. The cosmetics & personal care segment dominated the market in 2023. The demand for anti-aging cosmetics is majorly driven by factors such as rising emphasis on anti-aging, availability of a wide range of products of different brands across various online and offline retail stores, and rising disposable income, especially in developing countries.
Anti-Aging Ingredients Market Share Analysis by Geography
The geographic scope of the anti-aging ingredients market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The Asia Pacific anti-aging ingredients market is expected to register significant growth during the forecast period. Consumers from emerging countries in the region are becoming more aware of skincare due to exposure to social media, especially a growing population aged 13–45 years in countries such as China, India, and Bangladesh. This is expected to fuel the market over the next few years. Moreover, natural ingredients, multiple-step skincare routines, and obsession with glass skin are a few trends in the K-beauty (Korean beauty) industry. Consumers across the region are adopting these trends, which is increasing the demand for anti-aging products.
Also, many people, especially women in the corporate sector, are concerned about their appearance. Due to increased disposable income levels and improved lifestyles, people are actively investing in products that help them look youthful and rejuvenating. This factor is further expected to propel the anti-aging ingredients market growth in the region during the forecast period.
In countries like Japan, the demand for anti-aging ingredients is increasing dramatically due to the rapidly aging population. According to industry statistics, in 2021, people aged 65 years and above in Japan accounted for 29.8% of the total Japanese population. Thus, the presence of potential customer base in Japan drives the anti-aging ingredients market in the country.
Anti-Aging Ingredients Market Report Scope
Anti-Aging Ingredients Market News and Recent Developments
The anti-aging ingredients market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders:
- Symrise is launching a new range of diana food bioactives for use in Beauty from within products. The company is expanding its offer with the development of these differentiating and innovative nutricosmetic ingredients. The range includes a full line of solutions for skin conditioning and anti-aging, skin brightening, as well as hair and nail care. (Source: Anti-Aging Ingredients - Symrise AG, Press Release/Company Website/Newsletter, 2023)
- Givaudan unveils RetiLife, a pioneering 100% natural-origin retinol crafted through biotech (Source: Anti-Aging Ingredients Givaudan, Press Release/Company Website/Newsletter, 2023)
- Seppic launches SAGACIOUS, a biomimetic and eco-designed active ingredient that restores skin firmness. SAGACIOUS is a biomimetic active ingredient, inspired by the behavior of plants in the international space station, to maintain their integrity in zero gravity, synthesize specific molecules from the glycolipid family. Seppic has succeeded in extracting this family of molecules from Himanthalia elongata seaweed using an eco-designed and patented process. (Source: Anti-Aging Ingredients Seppic, Press Release/Company Website/Newsletter, 2023)
Anti-Aging Ingredients Market Report Coverage and Deliverables
The “Anti-Aging Ingredients Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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