The anti-aging industry is booming, and it’s no surprise why. With the increasing demand for products and services that can help people look and feel younger, the industry is projected to reach a staggering $331.41 billion by 2024.
But what are the latest statistics that are driving this growth? In this blog post, we’ll take a look at the latest anti-aging industry statistics and explore what they mean for the future of the industry.
Anti Aging Industry: The Most Important Statistics
4.68 million women in Germany use anti-aging cream daily, while 21.6 million never use it.
86.6% of South Korean women use based anti-aging cosmetics at home, which is important for the Anti Aging Industry as it shows the demand for such products in the region.
Anti Aging Industry Statistics Overview
The global anti-aging market was valued at 62 billion U.S. dollars in 2021 and is projected to reach 93 billion by 2027.
Therefore, it is likely for the industry to continue to grow in the coming years and the data can be used to inform investment decisions, product development strategies, and marketing campaigns.
The global anti-aging market is estimated to reach 62.6 billion US dollars in 2021 and is expected to expand at a CAGR of 7% between 2022 and 2027.
The global anti-aging service market is dominated by major companies such as:
- Aesthetic Solutions Inc.
- Anti-Aging Medical & Laser Clinic
- Anti-aging Toronto clinic
- Clinical Skincare
- Cutis Dermatology
- Dermamagnetica Clinic
- Elan aesthetics Inc.
- Estique clinic
- Evolus
- Glow Anti-Aging Clinic
- Hairline International Hair & Skin Clinic
- Oliva Skin and hair clinic etc.
It is an important insight into the current trends and dynamics of the anti-aging services market, which helps stakeholders to identify the prevailing anti-aging service market opportunity. Also this information is essential for companies to make informed decisions about their strategies and investments in the anti-aging industry.
The European anti-aging market is expected to grow from USD 15.65 billion in 2022 to USD 20.14 billion in 2027, at a CAGR of 5.17%.
The anti-aging market is growing quickly in the European region due to increasing awareness among both male and female populations. It indicates that the anti-aging industry is a lucrative market to invest in, and that it has potential for further growth in the future.
4.68 million women in Germany use anti-aging cream daily, while 21.6 million never use it.
In 2017, the average age that American women first used anti-aging products was 26 for women aged 25-34, and 47 for women aged 55 and older.
29% of all anti-aging skincare products purchased in China were from native Chinese brands in 2018.
Revenue for skin and facial care products in Germany increased from 2.89 billion euros in 2007 to 3.15 billion euros in 2022. This shows that the demand for skin and facial care products is increasing, indicating that the anti-aging industry is growing.
86.6% of South Korean women use based anti-aging cosmetics at home, which is important for the Anti Aging Industry as it shows the demand for such products in the region.
The facial anti-aging skin care sales in the United States thereby increased by 8 million dollars in 2017 compared to the same period in 2016.
Conclusion
The anti-aging industry is a booming business, and it shows no signs of slowing down anytime soon. With the aging population continuing to grow, it is likely that the anti-aging industry will continue to grow as well.
The industry is expected to reach $331.41 billion by 2025, and this number is likely to increase as more people seek out products and services to help them look and feel younger. With the right strategies and products, businesses in the anti-aging industry can capitalize on this growing trend and continue to see success.
References
1 – https://www.statista.com/topics/10423/anti-aging/#topicOverview
2 – https://www.statista.com/statistics/509679/value-of-the-global-anti-aging-market/
3 – https://www.alliedmarketresearch.com/request-sample/12706
4 – https://www.marketdataforecast.com/market-reports/eu-anti-aging-market
5 – https://www.statista.com/statistics/1325769/frequency-of-anti-wrinkle-cream-and-care-use-women-germany/
6 – https://www.statista.com/statistics/1359331/us-age-at-which-women-first-tried-anti-aging-products/
7 – https://www.statista.com/statistics/971991/china-most-purchased-anti-aging-skincare-brands-by-origin/
8 – https://www.statista.com/statistics/577381/skin-facial-care-product-revenue-germany/
9 – https://www.statista.com/statistics/972080/south-korea-skin-care-routine/
10 – https://www.statista.com/statistics/321007/leading-dermatologic-procedures-in-the-us/
