Anti-Ageing Ingredient Market to Surge at 3.09% CAGR, which is anticipated to reach USD 437.8 Million by 2031
CRI Report has released a report titled “Anti-ageing ingredient Market –Global Analysis of Market Size, Share & Trends for 2020 – 2021 and Forecasts to 2031” which is anticipated to reach USD 437.8 Million by 2031. According to a study by CRI Report, the broad expansion, the major application where anti-ageing ingredients are cosmetics. Additionally, the rising demand for cosmetic products and increasing disposable income globally are the factors enhancing the anti-ageing ingredients market. Furthermore, these days, manufacturers of anti-ageing products have come up with new technologies and effective ingredients such as synthetic peptides and advanced biotechnology products to gain a strong foothold in the anti-ageing ingredients market.
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The market report on Anti-Ageing Ingredient Market includes in-depth insights as:
- The estimated value of the market was USD 322.9 Million in the year 2021.
- Anti-ageing ingredient Market in North America held the largest market share in the year 2021.
- Based on, product type, sunscreen ingredients, emerged as a key segment in the Anti-ageing ingredient Market.
- Based on End-Use Industry, cosmetics emerged as a key segment in Anti-ageing ingredient Market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The demand for cosmetic products is increasing at an increasing rate in developing countries. People, especially females are becoming concerned about their skin health which ultimately raises awareness about dietary supplements and mainly personal care products formulated with active ingredients to benefit aging problems. Anti-ageing products offer multifunctional aids and the growing demand for non-invasion ways to reverse aging is one of the key factors lifting the market. The growing trend towards youthful appearance is one of the key reasons to lift the demand for anti-ageing products globally. We can see the growth the increase in the ageing population and there are many reasons behind it. They can be dehydration, pollution, hygiene, nutrition, and many others. So, people are using anti-ageing products to overcome their skin problems. This leads to an increase in demand for the product and lifts the market of anti-ageing ingredient market in the forecast period”, according to this report
Anti-Ageing ingredients work as agents to reduce the aging effect by working against heredity factors, hydration as well as sun exposure. Anti-ageing ingredients are rich in flavanols, nitrates, carotenoids, antioxidants, isoflavones, vitamin C, vitamin E, and many others which slow down the aging process. All these ingredients help to radiant the skin and enhance the moderately para-aged facial skin by assessing facial elasticity and skin wrinkles. Generally, Anti-aging ingredients are a type of skin-care ingredient that aids in reducing, masking, or preventing the look of skin aging by supplying hydration to the skin and provide protection from sun exposure.
Anti-ageing ingredient Market is segmented by product type into Chemical Peels, Sunscreen Ingredients, Niacinamide, Hyaluronic Acid, Peptides, Retinol, And Others. The sunscreen ingredient segment had the highest revenue in 2021 and is expected to grow at a significant CAGR over the forecast period. The growth has been attributed to the ability of cosmetics to improve the softness and reduce the flexibility of the skin of an individual. cosmetics are gaining importance due to the growing awareness and growing disposable income of an individual and they help improve the market of cosmetics and complement the growth of the Anti-ageing ingredient Market.
Key Players in the Market
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Some of the key players operating in the Leather Chemicals Market are DOW chemical company, Evonik Industries AG, Lonza, Ashland global holding inc, Croda International Plc, BASF SE, Wacker Chemie AG, Clarinet AG, Adeka, and others.
Get Valuable Insights into Anti-Ageing ingredient Market.
In the new report, CRI Report thrives to present an unbiased analysis of the Anti-ageing ingredient Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. The Anti-ageing ingredient Market is segmented by product Type into sunscreen ingredients, chemical peels, and others; By End User into cosmetics, nutraceuticals, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa.
