Mumbai, India – June 3, 2014 - The global anti-aging products market bears testimony to a prosperous growth with a CAGR of 6.77% between the period of 2013 to 2018, as determined by an analysis of this market segment. These cosmetics which assist in checking and delaying the ageing process associated with aging ailments including wrinkles, graying, sagging, dry lines, blemishes, etc. have garnered a very strong consumer base as a result of which the industry has been growing at an exponential rate.
The report, Global Anti-Aging Product Market 2014-2018 concentrates on market trends, challenges and key vendors in this market segment.
Market drivers of anti-aging industry
Cosmeceuticals, hair-care and skincare products are three of the main categories of anti-aging markets that have been seeing traction. Research indicates that the increasing population of aging people throughout the entire world is raising the demand for these products, particularly age-defying facial items.
Some of the dominant market players of this sector are the regions consisting of EMEA or Europe, Middle East and Africa, Americas and APAC or the Asia-Pacific. However their main competition comes from the private sector and the brand new players in anti-aging industry.
Unilever Group, L’Oreal SA, Procter & Gamble Co., Phosphagenics Ltd., Beiersdorf AG, Avon Products, Chanel SA, Christian Dior SA, Amexdurg Corp., Allergan Inc. and Charins USA Inc. are a few of the key organizations which deal in anti-aging products in the world and have been dominating this market segment.
Overall market overview
The constant rise in aging populace has triggered an immense requirement for various kinds of anti-aging cosmetics lately. People mostly prefer anti-aging products manufactured from natural and organic ingredients. Elderly people are ignoring the products composed of chemicals which tend to induce side effects and harmful impacts to the body. Therefore the market trend has shifted towards manufacturing anti-aging products with the aid of natural ingredients like almond, marula, coconut, argan and so on. This is enabling companies using natural products to manufacture gain a larger chunk of market share.
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