Anti-wrinkle Products Market Size Worth $21.62 Billion By 2030

Anti-wrinkle Products Market Growth & Trends

The global anti-wrinkle products market size is estimated to reach USD 21.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2023 to 2030. The growing aging population, increasing life expectancy, boost in the beauty industry, media influencers propagating standards of beauty, and rising age consciousness are factors driving the industry’s growth. The Vitamin C active ingredient segment dominated the industry in 2022. The antioxidant properties of these ingredients, coupled with their brightening effect, safety profile, and ability to boost collagen production, drive their usage in anti-wrinkle products. Various studies and clinical trials backing the efficacy of the ingredients are making them popular among consumers.

The cream product segment accounted for the highest share of the overall revenue in 2022. Creams are thicker, more emollient, and a preferred product type among consumers. The supermarkets & hypermarkets distribution channel segment accounted for the maximum share of the overall revenue in 2022. The convenience offered by such establishments in terms of brand choices and variety of products, coupled with the low-price points, accessibility, and promotions, is leading customers to these distribution channels. The market Asia Pacific accounted for the dominant share of the overall revenue in the year 2022. The region is projected to expand further at the fastest growth rate during the forecast period.

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Anti-wrinkle Product Market Report Highlights

• The rising awareness about the importance of maintaining healthy skin is the key factor driving the global industry

• Asia Pacific is one of the most attractive markets for the expansion of the skin care industry including the anti-wrinkle products market

• The growing adoption of beauty products, rising disposable income levels, and different media channels promoting anti-aging products in this region are driving the region’s growth

• Moreover, Asia Pacific is home to countries, such as Japan and South Korea, where beauty and skincare are considered essential parts of daily life

• The demand for anti-wrinkle creams is also driven by the growing aging population and the rising number of consumers willing to invest in beauty products that help in reducing aging signs

• The supermarkets & hypermarkets distribution channel segment dominated the global industry in 2022