Get rid of chronic skin conditions or embarrassing blemishes on their skin especially on their faces by using effective skincare products. MD Factor is offering the products made-up of the natural ingredients that provide a soft and soothing skin with a considerable glow on it.
The global anti aging cosmetics market size is expected to reach USD 60.26 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period.
The increasing thoughtfulness towards skincare and hair care will spur demand for anti-aging cosmetic products filled with vitamin C and vitamin E agents, which, in turn, will promote the healthy growth of the market.
Moreover, the rising incidence of skin related problems coupled with technological advancement in cosmetic products will boost the global market during the forecast period, states Fortune Business Insights in a report, titled “Anti-aging Cosmetics Market Size, Share & Industry Analysis, By Product Type (Skin Care, Hair Care, Make-up, Eye Care, and Others), Product Form (Cream, Lotion, Serum, and Others), End-User (Women and Men), Distribution Channel (Supermarkets/Hypermarkets, Cosmetic Stores, Online Stores, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 38.62 billion in 2018.Market Driver:Rising Technological Advancement in Anti-Aging Products to Create New Sales OpportunitiesThe increasing R investments by key players for the development of effective beauty and anti-aging products have positively impacted the cosmetics industry.
Technological advancements have contributed significantly to the improvement of anti-aging products, which in turn, has resulted in better business outcomes.For instance, the novel technology, such as the transdermal absorption system helps to increase the soluble and dispersion efficiency and ultimately the effectiveness of the cosmetic product.
Companies are focused on launching innovative products to cater to the needs of the consumers, this vigor, will, in turn, promote the market.
For instance, Real Barrier, a leading beauty skincare company announced the launch of an intensive clinical level anti-aging collagen mask which uses special ingredients such as oligopeptides, folic acid, and hexapeptide, thus offering basic building blocks of the youthful skin.Market Restraint:Occurrence of Counterfeit Products to Confine GrowthThe existence of counterfeit anti-aging cosmetic products has subsequently restricted the growth of the market.
