The new report recognizes the following companies as the key players in Global Anti-Aging Product Market: Beiersdorf AG, L’Oréal SA, Phosphagenics Ltd., Procter & Gamble Co., Unilever Group, Allergan Inc., Amexdrug Corp., Avon Products Inc. , Chanel SA, Christian Dior SA, Clarins USA Inc., DS Healthcare Group Inc., Elizabeth Arden Inc., Ella Baché, Estée Lauder Co. Inc., Henkel AG & Co KGaA, Jan Marini Skin Research Inc., Johnson & Johnson Co., Kao Corp.
Commenting on the report, an analyst said: “Consumers are increasingly using anti-aging products made from natural and organic ingredients. Over the years, consumers have started seeking safe products and are now paying more attention to the ingredients in the anti-aging products, preferring those that do not contain chemicals or ingredients that could cause harmful side effects. Typically, anti-aging skincare and hair care products are made from synthetic ingredients, additives, and fillers. Such products could harm skin and hair, or even weaken and loosen skin when it starts aging. Natural oils such as argan, marula, coconut, and almond are some popular ingredients used in organic products. As organic products have little harmful effects, many large companies are launching natural and organic products to gain more market share.”
According to the report, one of the main drivers is the rising global aging population. This growth is resulting in an increase in the need for anti-aging and age-defying facial products.
Further, the report states that one of the main challenges hindering market growth is the intensifying competition in the market caused by the entrance of new players and private labels.