The Asia Pacific Anti-wrinkle Products Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
Businesses in the market for anti-wrinkle products are primarily focused on manufacturing high-quality products to meet the rising demand of consumers. The increasing popularity of anti-wrinkle and anti-ageing products is driving sales growth. Positively influencing the growth of the anti-wrinkle product market are technological advances in product manufacturing, an increase in the number of market participants, and research and development efforts to identify the most effective anti-ageing chemicals.
Because of the sudden changes in collagen and elastin in the skin's layers, the skin may be prone to rupture. Stretch marks are caused primarily by ageing. Moreover, rapid weight loss or gain and pregnancy are the most typical causes of stretch marks. The increasing adoption of anti-stretch mark products due to the rising prevalence of obesity, especially among the elderly, and the increasing emphasis of major corporations on producing innovative equipment and products to treat stretch marks.
An ageing population that is expanding and driving up demand for anti-ageing products is driving the industry. Due to ageing populations, anti-ageing skin care product sales have expanded significantly in China and Japan. The World Health Organization reports that China has one of the oldest populations in the world. An increasing average lifespan and falling birthrates will result in 28 percent of China's population is over 60 by 2040. Due to the region's ageing population and the increased demand for face creams that profess to have anti-ageing characteristics, the Asia Pacific region's cosmetics industry is anticipated to grow. In light of this, the market for regional anti-wrinkle products is expected to grow in the future years.
The China market dominated the Asia Pacific Anti-wrinkle Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,633.2 million by 2028. The Japan market is estimated to grow a CAGR of 8.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.6% during (2022 - 2028).
Based on Type, the market is segmented into Creams, Lotion, Oil, Serum, Gel, and Others. Based on Active Ingredients, the market is segmented into Vitamin C, Retinoids, Hydroxy Acids, Citric Acid, Glycolic Acid, Lactic Acid, Peptides & Coenzyme Q10, Tea Extracts, Niacinamide & Grape Seed Extracts, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Pharmacies & Drugstores, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Anti-wrinkle Products Market is Projected to reach USD 16 Billion by 2028, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal Group, Shiseido Company Limited, The Procter and Gamble Company (Olay), Unilever PLC (Ren Clean Skincare), The Estée Lauder Companies, Inc., Johnson & Johnson (Neutrogena), Galderma S.A., Life Extension Foundation Buyers Club, Inc., RoC Opco LLC (Gryphon Investors) and Clarins Group SA.
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