Technavio Announces the Publication of its Research Report Global Anti-Aging Products Market 2016-2020
Technavio recognizes the following companies as the key players in the global anti-aging products market: Beiersdorf, L’Oréal, P&G, Revlon, and Unilever.
Other Prominent Vendors in the market are: AmorePacific, Avon Products, Chanel, Clarins, Coty, Lotus Herbals, Missha, Nature Republic, Oriflame, Rachel K Cosmetics, and Skin Food.
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Commenting on the report, an analyst from Technavios team said: The demand for incorporating natural and organic anti-aging products is growing, as these products are safe and are of higher quality than most synthetic products. This trend is likely to continue during the forecast period. Natural oils like argan, marula, almond, and coconut are some popular ingredients used in organic anti-aging products.
According to the report, earlier, anti-aging creams were just used to temporarily plump up the skin to reduce the appearance of fine lines and wrinkles. But, today, advancements in technology have resulted in improved, advanced, and more value-added anti-aging products in the market. Consumers seek products which not only meet their basic requirements but also meet ancillary needs such as hydration and contain antioxidants.
Further, the report states that the key competitors find it difficult to sustain and grow their market shares in this highly competitive market. The global anti-aging products market consists of many companies that produce a wide range of innovative products and medium and small-sized companies with limited product portfolios and geographical presence. Even though there are many companies that are competing at the local, regional, and global levels, most of the market is dominated by a few prominent competitors. Fierce competition is prevalent among these key brands as well, resulting in the spending of a greater amount of money on marketing strategies and promotions to improve brand equity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Anti-Aging Products
Anti-aging products allay or mask the effects of the aging process, such as by reducing wrinkles, blemishes, dry lines, pores, greying, and thinning. At present, there are a plethora of anti-aging products and services that help in reducing the visible physical effects of the aging process on the skin.
Technavios analysts forecast the global anti-aging products market to grow at a CAGR of 5.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global anti-aging products market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of anti-aging products to individual consumers across the globe in 2015.
The market is divided into the following segments based on geography:
Technavio’s report, Global Anti-Aging Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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