The Anti-Aging Ingredients Market is expected to grow at > 7.3% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Anti-Aging Ingredients Market
Anti-Aging Ingredients Market is likely to witness a CAGR of 7.3% during the forecast period. Changing lifestyle and growing consumer awareness regarding personal care and health along with increasing purchasing power of consumers are some of the major factors expected to drive the growth of the market during the forecast period.
North America is estimated to be the leading region in the market during the forecast period on account of growing consumption and demand for skin care products. Rising concerns regarding healthy skin and beauty products is fueling the growth of the regional market. Europe and Asia-Pacific are also estimated to offer substantial growth opportunities over the forecast period.
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Market Scope & Market Segmentation
Anti-Aging Ingredients Market Share: By Product Type
Based on the product type, the market is segmented as chemical peels, sunscreen ingredients, peptides, hyaluronic acid, anti-oxidants, retinol, niacinamide, and others. Sunscreen product is estimated to account for the largest share of the market during the forecast period on account of increasing awareness about consequences of over exposure to ultraviolet rays among consumers.
Anti-Aging Ingredients Market Share: By Application Type
Based on the application type, the market is segmented as cosmetics and nutraceuticals. Cosmetics is estimated to account for the major share of the market during the forecast period. The growth of the segment is owing to growing skin problems on account of air pollution, genetic disorder, and hormonal imbalance, which are leading to advance product development, such as acne removal solution and anti-aging products, fueling the segment’s growth.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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