Aging is achieved by a series of different biochemical procedures in the body that influence it, both internally and externally. These biochemical procedures cause the body to deteriorate over a timeframe, affecting the health, wellness and physical appearance of an aging person. Anti-aging involves procedures and medication intentional to delay, stop or retard the aging process.
Restoring the younger looks and thus finding solutions next to signs of aging has been the primary goal for cosmetologists and health care providers for centuries. As a result, market for anti-aging products is experiencing constant growth since decades. A variety of products and services are continuously introduced into the market to serve the agenda of restoring younger looks.
The major factors for the growth of market include the general increase in incidence of conditions and changes experienced by aging consumers, the number of individuals craving for cosmetic services also increased greatly due to increase in population of seniors compared to general population. Though aging is not a disease, the risks of chronic diseases increase with advancing age. However factors like high cost of beauty or anti-aging products is likely to hamper the growth of market.
The Latin America Anti-Aging market was estimated to be $27.5 billion in 2016 and predicted to be growing at a CAGR of 6.63% to reach $37.91 billion by 2021. Baby boomer and generation X are considered as majority informed and cost-effective customer group for anti-aging market. Hair colours, anti-wrinkle and anti-stretch mark products are widespread and are predicted to grow at a rapid rate.
Anti-Aging Market: Region-wise Outlook
Based on Regional Analysis, this region is further categorized in to Brazil, Argentina, Mexico and rest of Latin America. Mexico has the major share in this market due to increasing consumer awareness and concern regarding their beauty and aging. Brazil is expected to grow owing to its rapid adoption rate and increasing awareness.
Key Questions Answered
What is the current and future Anti-Aging Market outlook in Latin America? What trends are affecting the market?
What is the competitive landscape and market share of major players in the Anti-Aging Market space in Latin America?
What are the key, high growth markets that Anti-Aging Market manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Anti-Aging currently on the market? How will emerging technologies fulfil these unmet needs?
What is consumer perception and market outlook of Anti-Aging?
What are the challenges and barriers that have hindered widespread adoption of Anti-Aging?
Anti-Aging Market: Key Players
The key players dominating the anti-aging market include Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc. Opportunity for new products, services or devices are high as the market consists of recognized players and their brands.
Reasons to buy Anti-Aging Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market