Aging Population and Advanced Product Offerings Drive the Global Anti-Aging … – PR Web (press release)
San Jose, California (PRWEB) April 04, 2014
Follow us on LinkedIn – The primal desire of men and women to retain a youthful appearance has groomed and nurtured a massive industry worldwide. The fear of aging has fueled the growth of anti-aging cosmetic products such as luxury topical skin care products, concealers, and cover-ups. Appearance-enhancing and age-defying skin cosmetics represent an important need of the aging population. The modern middle aged population is redefining the process of aging, and ready to aid are an array of products that promise eternal youth such as age-defying skin lotions, toners, wrinkle-removal creams, skin whiteners, and a host of other wrinkle-reducing applications. Product development efforts are now focused on leveraging the benefits of natural formulations and ingredients in addition to synthetic chemicals in order to create options that are effective, novel and marketable. Further, manufacturers are discarding the concept of “one size fits all formulations” and moving towards customization and custom blending of ingredients to meet specific skin condition and needs of customers.
Fuelled by strong demand from aging baby boomers and younger individuals keen on preventing early signs of aging, global demand for anti-aging products is expected to register significant growth over the next few years. Rising disposable incomes are encouraging people, particularly affluent aging baby boomers and women to spend more on self-improvement products. Stem cell innovations, availability of natural and organic cosmetics that offer enhanced performance and use of innovative ingredients represent other important growth drivers. Anti-aging products that include natural and organic ingredients such as botanical herbs and vitamin E are rising in popularity. There exists a frenzied preference for products prepared using amino acids, minerals, gold, copper, chamomile and other natural ingredients. Product innovations poised to benefit the market include fractional carbon dioxide laser skin resurfacing, wrinkle injections, lip plumpers, Capixyl, Telomerase Activator TA-65, and advanced products to combat inflammation, among others.
As stated by the new market research report on Anti-Aging Products, the United States and Europe represent the largest markets worldwide. The desire to remain physically fit and active, and look young and healthy is a key driver spurring adoption among the aging population in these markets. Asia-Pacific, Latin America and Middle East/Africa are forecast to spearhead growth in the global market in the coming years. Growing population, increasing urbanization, aggressive retail marketing, rising health and beauty awareness, growing emphasis on fitness and well-being, complemented with rising disposable incomes are all factors supporting demand in these regions. China represents the fastest growing market globally with a CAGR of 7.6% over the analysis period.
Major players covered in the report include Allergan Inc., Avon Products Inc., Beiersdorf, Bayer HealthCare Pharmaceuticals, Chanel SA, Christian Dior S.A., Clarins, Elizabeth Arden Inc., Ella Bache, Estee Lauder Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Henkel KGaA, Johnson & Johnson, L’Oréal SA, Merck & Company Incorporated, Novartis International AG, Procter & Gamble, Pfizer Incorporated, Revlon Inc., Shiseido Co. Ltd., and Unilever PLC, among others.
The research report titled “Anti-Aging Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East/Africa and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Anti-Aging Products for Health Maintenance (Pharmaceuticals for Age-Related Health Conditions, and Supplements for Age-Related Health Conditions), and Anti-Aging Products for Appearance Enhancement (Skin Care, Hair Care, and Others).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Anti_Aging_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/