Anti-Aging Products: A Global Strategic Business Report
San Jose, CA (PRWEB) March 10, 2008
The world anti-aging products market stands enthused by the growing need for appearance-enhancing and age-defying skin cosmetics among the aging population according to new report by Global Industry Analysts. In addition to changes in lifestyles effected by modern consumers to increase their chances of longevity, changing practices in personal grooming is resulting in more time and money being spent on external grooming to minimize visible effects of aging.
This is leading to increased demand for products, such as, skin lotions, toners, wrinkle-removal creams, skin whiteners, luxury topical skin care products, concealers, and cover-ups. The growing acceptance of vitamins and antioxidants as effective anti-aging nutrients is expected to prod the growth of anti-aging drugs and pharmaceuticals. With younger consumers becoming more proactive about their skin maintenance regime, women aged between 25 years to 30 years are increasingly beginning to use anti-aging creams, thereby resulting in expanded market opportunities. Manufacturers are additionally adding fuel to the trend by unveiling new promotional mother-daughter packages, which are designed to discreetly inculcate adherence to anti-aging treatment regimes as early as possible.
Growing wariness over harsh chemicals is expected to lead to increased demand for anti-aging products with organic, natural, herbal and botanical extracts as active ingredients according to the report. Anti-aging products, which include natural ingredients such as chamomile, copper, gold, minerals and amino acids, are expected to score huge gains in the marketplace in the upcoming years. Driven by the desire to stay young and healthy, sales of dietary supplements, vitamins, and minerals are forecast to rise in the upcoming years. The trend towards combining the use of both pharmaceuticals and dietary supplements in the pursuit of well being is resulting in these products shifting image from being just healthcare enhancers to beauty enhancers.
As stated by the recent report published by Global Industry Analysts, Inc., the United States, and Europe dominate the world market for anti-aging products, with a combined share of 62.8% estimated in the year 2007. Global growth is expected to stem from the anti-aging cosmeceuticals market, which is projected to grow at a CAGR of 9.8% over the years 2001 through 2010. Sales of anti-aging cosmeceuticals in Asia-Pacific and Latin America, the two fast growing markets worldwide, are expected to rise by U.S. $1.0 billion between the period 2007 to 2010. The U.S. dominates the world anti-aging drugs & pharmaceuticals market, with a 34% share estimated in the year 2007, followed closely by Europe. Global sales in this market is expected to rise by a strong 30.9% between the period 2007 to 2010.
Leading global, and regional players operating in the industry include Chanel SA, Christian Dior, Avon, L'Oréal SA, Revlon, Beiersdorf, Elizabeth Arden Inc., Estee Lauder, GlaxoSmithKline, Johnson & Johnson, Mary Kay, Procter & Gamble, Alberto Culver, Robanda International, Clarins, Shiseido, Valeant Pharmaceuticals International, and Unilever, among others.
The report titled "Anti-Aging Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, challenges, consumer demographics, purchasing trends, marketing strategies, competition, players, and products. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Analytical estimates and projections are presented over the time period 2001-2010, while long-term projections are presented over the years 2011 through 2015. Historic review of market size analytics has been presented over the years 1991 through 2000.
Product markets analyzed in the report include Anti-Aging Drugs & Pharmaceuticals, Anti-Aging Vitamins, Supplements, & Minerals, Anti-Aging Cosmeceuticals (Skin Care Cosmeceuticals (Face Care Cosmeceuticals, Body Care Cosmeceuticals, and Sun Protection Cosmeceuticals), Hair Care Cosmeceuticals, and Hair Growth Cosmeceuticals). Latent demand patterns in product markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, and Russia, Asia-Pacific, Middle East/Africa, and Latin America. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Anti-Aging_Products_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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