Given the influence of the changing dynamics, an exclusive study published by Fact.MR foresees a moderate growth pace of the anti-aging and anti-wrinkle products market, at an estimated CAGR of 6% during the forecast period (2020-2027). According to research findings, the global anti-aging and anti-wrinkle products market is estimated to record 6% CAGR growth during the forecast period (2020-2027). This advancement can be accredited to manufacturers’ efforts through the adoption of effective marketing strategies and keyword centric propagation, which has proven successful in drawing enhanced consumer attention.
Preference for Organic Products to Offer Profitable Outcomes
This Fact.MR study reveals that the anti-aging and anti-wrinkle products market is quite fragmented when viewed through a wider perspective. This is because there are only a limited number of players who are leading the market with international presence and are facing extreme competition from domestic players. Furthermore, there is rising consciousness associated to the side effects of chemical-based products that is causing a shift in the raw materials being used for the creation of anti-aging and anti-wrinkle products. Interestingly, local players are motivated to develop products using organic ingredients so as to fulfil the unsatisfied demands of consumers.
Asia Pacific Market Showcasing Increased Prospects Driven by China
Focusing on the regional market expanse, China is seen as a key anti-aging and anti-wrinkle products market, since the concentration of individuals aged between 20-40 years is significantly high. Hence, awareness regarding skincare in this region is quite escalated, especially among women, which is therefore heightening the adoption of such products. Apart from China, density of the geriatric population is fairly risen in Japan, which is promoting an increase in the acceptance of anti-aging and anti-wrinkle products. In the recent past, favorable export policies have been established by the governments of India, Japan and China, thereby, offering impetus to Asia Pacific’s status in the global anti-aging and anti-wrinkle products market.
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Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global anti-aging and anti-wrinkle products market, presenting historical demand data (2017-2019), and forecast statistics for the period of 2020-2027. The study divulges compelling insights on the anti-aging and anti-wrinkle products market on the basis of product (serum, creams, gels, and others), gender (male and female), ingredient (retinoid, hyaluronic acids, alpha-hydroxy acids, and others), treatment (body care treatment and facial care treatment), and distribution channel (pharmacies, stores, and online stores), across five major regions.