Global Anti-Aging Ingredients Market 2019-2023 | Increasing Demand for Organic Anti-Aging Products to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 6, 2020--
The anti-aging ingredients market is poised to grow at a CAGR of over 5% during the period 2019-2023, according to the latest market research report by Technavio.
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Technavio has announced its latest market research report titled global anti-aging market 2019-2023 (Graphic: Business Wire)
The increasing use of anti-aging ingredients, such as collagen peptide in nutraceuticals, will drive the market growth during the forecast period. Collagen peptide stimulates the production of collagen and relaxes wrinkles, reducing signs of aging. This anti-aging ingredient also provides protection against UV damage, increases skin elasticity, and acts as a natural source of protein.
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As per Technavio, the increasing demand for organic anti-aging products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.
Anti-Aging Ingredients Market: Increasing Demand for Organic Anti-Aging Products
There is a high market demand for organic anti-aging ingredients that play an essential role in diminishing the visible signs of aging without the side effects of chemical ingredients. Organic cosmetics derived from botanical extracts contain antioxidants and help in retaining the youthful appearance of the skin by smoothening wrinkles, fading spots, reducing skin inflammation, and preventing oxidative stress. For instance, coffee oil has high concentrations of essential fatty acids, sterols, and vitamin E. It also protects against UV damage and associated cellular degradation. Owing to these benefits, organic anti-aging ingredients are being used in anti-aging facial serums, cleansers, and moisturizers.
“Increasing product innovation and potential growth opportunities in the male aesthetic segment will have a significant impact on the growth of the anti-aging ingredients market during the forecast period,” says a senior analyst at Technavio.
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Anti-Aging Ingredients Market: Segmentation Analysis
This market research report segments the anti-aging ingredients market by application (personal care products and healthcare supplements) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA, respectively. During the forecast period, the APAC is expected to register the highest incremental growth due to the growing rate of urbanization, increasing awareness of anti-aging products, and rising demand for organic skincare products in the region.
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Five Forces Analysis
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PUB: 01/06/2020 05:30 AM/DISC: 01/06/2020 05:30 AM