The size of the Asia Pacific Anti-Aging Market was estimated at USD 8.09 Billion in 2021 and expected to be growing at a CAGR of 5.69%, to reach USD 10.66 Billion by 2026. Asia-Pacific region is anticipated to observe the utmost growth among all regions. The growing number of cosmetic surgeries, the ever-increasing elderly population, and increasing consumer awareness are key factors driving market growth in the area. Asia-pacific is the most significant anti-aging market due to its high population and changing lifestyle. Also, investment in R&D activities is raising the anti-aging products market.
Aging is defined as a sequence of biochemical processes in the body because of internal and external factors, which lead to deterioration in the body and affect the beauty, health, and overall eminence of a person's life. Anti-aging products and services help refurbish and retain beauty, health, and overall well-being, and at the same time, increase longevity.
Asia-Pacific is the world's most populous region and a massive market for anti-aging products. Due to the high R & D costs, countries such as Korea and Japan use advanced technology for cosmetics. As a result, serum, which has a higher absorption capacity than emulsions, essential oils, and e-agent oils, is witnessing increasing market demand.
E-commerce sites and social media are expected to create opportunities for APAC Anti-aging Market participants to attract more customers and increase global sales. The cosmetics industry (including the anti-aging sector) is a supply-oriented market where the Internet has expanded beauty and personal care products sales. Social media platforms such as Instagram and YouTube increase awareness of anti-aging products, devices, and treatments.
The expanding economies of developing countries in this region provide consumers with the facility to purchase more anti-aging products and services, boosting the market growth in both product and service markets. In addition, the aging market presents one of the most significant opportunities, mostly due to its higher disposable income. Thus, all companies in the cosmetic industry are strategizing to tap the profitable anti-aging market. However, lack of awareness in this region is a factor hampering the market growth.
This research report on the APAC Anti-Aging Market has been segmented and sub-segmented into the following categories:
By Products Type:
Based on the region, the Asia-Pacific region is the fastest-growing market for anti-aging equipment and products due to the growing number of beauty treatments and the increasing number of consumer awareness meetings and seminars. In 2019, the Chinese anti-aging market accounted for the largest share of the anti-aging market in the Asia-Pacific region, mainly due to the growing elderly population and increased awareness of beauty therapies. Growing aging population and development in medical tourism have expected the market growth of China. In addition, eye skincare was achieved much more shares in 2019. Increasing aged population and variants preferences for the anti-aging products will foresee the growth.
The Indian Anti-Aging Market is the fastest-growing market and is predicted to grow at a CAGR of 12% during the forecast period. Owing to changes in lifestyle, advanced innovation in cosmetics, and escalating healthcare expenditures are majorly elevating the market growth in India. As a result, serum and cream products are the top-selling anti-aging products in India.
The Japanese anti-aging market is another fastest-growing country due to its research and development activities. In addition, the adoption of modern lifestyle and the introduction of new products such as serum, creams, and new age essence is creating the demand in Japan.
Innovation in the research and development area and the highest investment in R&D are propelling the anti-aging market in South Korea.
KEY MARKET PLAYERS:
Some of the leading companies profiled in the Anti-aging market in this report are Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd. Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Baby Boomers
5.1.3 Generation X
5.1.4 Generation Y
5.1.5 Y-o-Y Growth Analysis, By Demographics
5.1.6 Market Attractiveness Analysis, By Demographics
5.1.7 Market Share Analysis, By Demographics
5.2.2 UV Absorbers
5.2.3 Anti-Wrinkle Products
5.2.4 Anti-Stretch Marks Products
5.2.5 Natural Products
5.2.6 Hair Colour
5.2.7 Y-o-Y Growth Analysis, By Products
5.2.8 Market Attractiveness Analysis, By Products
5.2.9 Market Share Analysis, By Products
5.3.2 Anti-Pigmentation Therapy
5.3.3 Adult Acne Therapy
5.3.4 Breast Augmentation
5.3.5 Liposuction Services
5.3.7 Chemical Peel
5.3.8 Eye-Lid Surgery
5.3.9 Hair Restoration
5.3.11 Y-o-Y Growth Analysis, By Services
5.3.12 Market Attractiveness Analysis, By Services
5.3.13 Market Share Analysis, By Services
5.4.2 Anti-Cellulite Treatment Devices
5.4.3 Microderm Abrasion Devices
5.4.4 Laser Aesthetic Devices
5.4.5 Radiofrequency Devices
5.4.6 Y-o-Y Growth Analysis, By Devices
5.4.7 Market Attractiveness Analysis, By Devices
5.4.8 Market Share Analysis, By Devices
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Demographics
188.8.131.52 By Products
184.108.40.206 By Services
220.127.116.11 By Devices
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Demographics
126.96.36.199 By Products
188.8.131.52 By Services
184.108.40.206 By Devices
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Demographics
22.214.171.124 By Products
126.96.36.199 By Services
188.8.131.52 By Devices
6.5 South Korea
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Coty Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Personal Microderm
8.3 Beiersdorf AG
8.4 Photomedex Inc.
8.5 Lumenis Ltd
8.6 Alma Lasers Ltd
8.7 Solta Medical Inc.
8.8 Cynosure Inc.
8.9 Allergan Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures