The Europe Anti-wrinkle Products Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
The cosmetic & personal care sector has been dominated by women from the dawn of time because of the societal stigma connected with skin color and texture. In addition, women are more likely than males to experience acne, wrinkles, blackheads, and whiteheads, which has led to the growth in sales of skincare pushed by women. Nonetheless, cosmetic items are expanding in the men's market, but at a sluggish rate.
Compared to women, men have considerably thicker skin, the texture of which is determined by sebum secretion. To address the special skincare issues of this demographic, manufacturers of anti-ageing and anti-wrinkle treatments are inventing fragrances and chemical compositions for new skincare solutions. In addition, they are carefully marketing the anti-ageing or anti-wrinkle products via celebrity endorsements, which is expected to increase demand for such products over the forecast period.
The value chain for cosmetics will, directly and indirectly, employ 1.69 million people by 2020, totaling about 229,400. Most of Europe's 500 million customers frequently use personal & cosmetic care goods to maintain their health and boost their self-esteem. Also, during the past few years, there has been a sharp increase in demand for non-surgical cosmetic procedures. Some of these procedures are now being offered by the German dermatology division. Furthermore, it has aided in developing the Italian cosmetics industry as a thriving and established industry. As a result, these factors fuel the European market for anti-wrinkle products.
The Germany market dominated the Europe Anti-wrinkle Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,045.4 million by 2028. The UK market is anticipated to grow at a CAGR of 7% during (2022 - 2028). Additionally, The France market would experience a CAGR of 8.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Anti-wrinkle Products Market will Hit $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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