Anti-Aging Ingredients Market - By Form (Liquid, Powder), By Product (Chemical Peels, Sunscreen Ingredients, Peptides, Hyaluronic Acid, Antioxidants, Retinol, Niacinamide), By Application (Cosmetics, Nutraceuticals) & Forecast, 2022-2028

Anti-Aging Ingredients Market Size

Anti-Aging Ingredients Market size surpassed USD 1.13 million in 2021 and will exhibit a growth rate of over 7.9% CAGR from 2022 to 2028. The rapidly increasing youth population & disposable incomes worldwide has led to the increasing demand for cosmetics, thereby driving the market growth. Additionally, changing climatic conditions coupled with hectic life schedules have adversely affected different skin types and triggered early aging signs, thereby necessitating the use of anti-aging products and subsequently driving the industry statistics globally.
 

Anti-aging ingredients are cosmeceutical skincare ingredients that hydrate the skin and protect it from sun exposure to reduce, mask, or prevent the appearance of skin aging. Traditional moisturizing ingredients, such as peptides, hydroxy acid, hyaluronic acid, retinoic acid, retinol, and antioxidants, are among the many anti-aging ingredients that slow down the aging process by working against sun exposure & heredity factors and providing hydration. Anti-aging products, in general, contain high concentrations of carotenoids, antioxidants, flavonols, isoflavones, leucine, nitrates, vitamin C, vitamin E, and other nutrients that slow the aging process.
 

The increasing number of anti-aging cream brands implementing multifunctional properties to their products along with higher disposable income and high consumer awareness will drive the overall market growth. The presence of leading cosmetics companies, such as Johnson & Johnson, Procter & Gamble, Estée Lauder, Coty, Mary Kay, etc., in the U.S. is anticipated to augment the industry demand. The increasing number of online retail platforms and rising health & fitness awareness are likely to create more business opportunities. Furthermore, increasing focus on corporate life and rising awareness of men's grooming, specifically among the youth, are projected to boost the demand for cosmetics products, thereby driving the demand for anti-aging ingredients in the region.
 

The growing demand for moisturizing lotions, facial wipes, skincare gels, and anti-aging creams is anticipated to propel the market size of ant-aging ingredients owing to their extensive usage in these products. The increase in cosmetics sales reflects the overall rise in consumer awareness of personal appearance along with a rise in disposable incomes. Consumers in Asia Pacific have become increasingly aware of organic products owing to new product launches by Himalaya, Boutique, and Skin Food, thus driving the demand for anti-aging ingredients.
 

Anti-Aging Ingredients Market Analysis

The liquid segment held the largest market share of around 79% in 2021 and is anticipated to reach over USD 1.5 billion by 2028. The rising consumer demand for anti-aging solutions along with increasing lifestyle standards & incomes among the middle-class population is the primary factor driving the anti-aging product demand, thereby propelling the use of anti-aging ingredients in liquid form. Furthermore, the growing popularity of liquid-based anti-aging products including lotions, creams, and serums will drive the demand for liquid-based anti-aging ingredients.
 

Additionally, growing awareness regarding the harmful effects of the environment, such as dust and sun, on the skin will increase the market demand. The enhanced new product development in the beauty & skincare sector will also boost the market growth.
 

The sunscreen ingredients segment held the significant market share of around 30.7% in 2021 and is anticipated to grow at a CAGR of over 8% through 2028. The increasing consumption of skincare products owing to climate change is estimated to create profitable opportunities for the sunscreen ingredients. Based on dynamic climatic conditions and personal skin types, the introduction of UV filter-based products by manufacturers will propel the sunscreen ingredient demand. Moreover, the growing awareness regarding the importance of sun protection and the development of skin cancer & diseases due to ozone layer depletion are driving the sunscreen ingredients segment expansion.
 

Increased advancements in the chemoprevention of skin cancer have been influencing the market rise of dioxybenzone. The easy addition to multiple sunscreens with a steadily growing sunscreen market assists in market inclination. Furthermore, the rising consumption of grooming products, such as after-shave, baby sunscreen, body firming lotions, and body oils, has driven the oxybenzone demand.
 

The cosmetics segment dominated the anti-aging ingredients market and is projected to grow at a CAGR of 7.8% from 2022 to 2028. The growing awareness of one's physical appearance among both young & old consumers has fueled the demand for cosmetics & anti-aging products, thereby driving the market globally. A good physical personality is a requirement that determines an individual's success in various areas of life, thereby augmenting the use of anti-aging products that can limit or delay these changes. Furthermore, the rapidly increasing youth population and increasing disposable incomes worldwide have led to the increasing demand for cosmetics, thereby driving the overall industry statistics.
 

Asia Pacific anti-aging ingredients market accounted for USD 298 million in 2021 and is anticipated to reach around USD 527 million by 2028. Growth in the Asia Pacific region is due to increasing disposable incomes and shifting consumer lifestyles. The increasing number of online retail platforms and rising health & fitness awareness are likely to create more business opportunities. Increasing focus on corporate life and rising awareness of men's grooming, specifically among the youth, are projected to boost the demand for cosmetics products, thereby driving the demand for anti-aging ingredients in this region.
 

Anti-Aging Ingredients Market Share

The global anti-aging ingredients market is fragmented with the presence of several small & large companies. Companies are focusing on developing new products by investing in research to strengthen their market position and attain a competitive advantage. For instance, in February 2021, Contipro launched HyRetin, a new anti-aging & anti-acne treatment product. This strategy will strengthen its product portfolio in anti-aging ingredients.

Some of key players in anti-aging ingredients market are :

• Adeka Corporation
• Unilever PLC
• Contipro A.S.
• BioThrive Sciences
• Kao Corporation
• BASF SE
• Dow Chemical Company
• Croda International PLC
• Wacker Chemie AG
• Lonza Group AG

The Anti-Aging Ingredients Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2018 to 2028 for the following segments:

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By Form

• Liquid
• Powder

By Product

• Chemical Peels
  • Hydroxy Acid
  • Retinoic Acid Peel
  • Others
• Sunscreen Ingredients
  • Titanium Dioxide
  • Zinc Oxide
  • Oxybenzone
  • Dioxybenzone
  • Others
• Peptides
• Hyaluronic acid
• Antioxidants
• Retinol
• Niacinamide
• Others

By Application

• Cosmetics
• Nutraceuticals

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
• Latin America
  • Brazil
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa