Global Anti-Aging Products Market to Reach $291.9 Billion by 2015, According to New Report by Global Industry Analysts
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Posted on Feb 19, 2009, 9 a.m.
February 19, 2009
For immediate release
Source: prweb.com
Anti-aging vitamins and supplements for health maintenance is a growing market fuelled by the aging population seeking to keep the dreaded signs of aging at bay. Scientific breakthroughs, technological improvements, aggressive marketing claims, coupled with rise in the number of younger consumers opting for skin treatments to preserve their youth will spark growth in worldwide anti-aging products to reach $291.9 billion by 2015.
San Jose, CA (PRWEB) February 19, 2009 -- The primal desire of humans to remain young forever so long has groomed and nurtured a goliath of an anti-aging industry worldwide. The market for anti-aging health, and appearance products posts sanguine growth patterns for the upcoming years, backed largely by the affluent aging baby boomers with high levels of disposable incomes. Anti-aging products market is traditionally resilient to economic cycles, given consumers' unchanging desire to look young and healthy, and the importance accorded to health, and well-being. The propensity to spend on skincare is not hugely impacted by a slowdown, rather consumer preferences during these periods tend to shift towards lower priced mass-market products. Product effectiveness will become an important factor as consumers begin to seek visual, sensory, and functional benefits from products. Benefiting from significant investments both in terms of product innovation and marketing, worldwide market for anti-aging products has emerged into a lucrative industry churning out top dollars for market participants.
Growth in the anti-aging product categories varies by product, with least perceptible dent to be witnessed in the health maintenance segment. World market for Anti-Aging Products for Health Maintenance is dominated by the US and Europe, as stated by the recent report published by Global Industry Analysts, Inc. In the relatively less essential appearance enhancement products market, premium products are expected to take the brunt of lower consumer disposable incomes, and reduction in household wealth. Anti-aging products that include natural, and organic ingredients such as botanical herbs, and vitamin E are rising in popularity. Market for Anti-Aging Products for Appearance Enhancement in United States is expected to be more than US$5.0 billion by 2015. Increasing consumer concerns regarding harmful skin cancer and wrinkles caused by recurrent exposure to sun is expected to lead to introduction of multipurpose products with dual benefits of moisturizing and sun protection.
Like any other industry, anti-aging products also contend with skepticism, and conflicting clinical research results surrounding the actual health and appearance benefits of many widely publicized compounds, and ingredients. The oncoming regulatory reformation brings with it a mixed bag of benefits and challenges. While the industry may be necessitated to provide authentic products, and services thereby benefiting the consumer, smaller companies are likely to take the exit route due to lack of scientific expertise, and financial funding leading to a shake out in the industry. Today, manufacturers to avoid the regulatory ire develop, and market cosmeceuticals by incorporating only pharmaceutical ingredients approved by the FDA i.e. retinol or minoxidil, antioxidants and natural extracts which have withstood the test of time, and which do not require the FDA's approval.
Key players dominating the global anti-aging products market include Allergan Inc, Alberto Culver Company, Avon Products Inc, Beiersdorf, Bio Pharma US Corp, Bayer Schering Pharma AG, Chanel SA, Christian Dior, Clarins, Elizabeth Arden Inc, Ella Bache, Estee Lauder Inc, F. Hoffmann-La Roche Ltd, GlaxoSmithKline Plc, General Nutrition Centers Inc, Henkel KgaA, Jan Marini Skin Research Inc, Johnson & Johnson, Janssen Pharmaceutica Products LP, Neutrogena Corporation, L'Oréal SA, Merck & Company Incorporated, NeoStrata Company Inc, Novartis International AG, Orlane SA, Procter & Gamble, Pfizer Incorporated, Revlon Inc, Robanda International, Shiseido Co. Ltd, SkinMedica Inc, Unilever PLC, Valeant Pharmaceuticals International, Woodridge Labs Inc, Wyeth and Zosano Pharma â„¢ Inc., among others.
The report titled "Anti-Aging Products: A Global Market Report" published by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, regulatory environment, product overview, key market trends, product introductions/innovations, and recent industry activity. The report analyzes market data and provides analytics in value sales for regions such as the United States, Canada, Japan, Europe, Asia Pacific (excluding Japan), Middle East/Africa and Latin America. The study also analyzes the Anti-Aging Products market by the following product segments - Anti-Aging Products for Health Maintenance (Pharmaceuticals for Age-Related Health Conditions, and Supplements for Age-Related Health Conditions), Anti-Aging Products for Appearance Enhancement (Skin Care, Hair Care, and Others).
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 more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com
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