Anti-aging nutraceutical ingredients market expected to Grow at 7.1% by 2031, There is an increased inclination among consumers regarding their beauty and hygiene, which is fuelling the demand for advanced skin care products. Of different product range for skin care, anti-aging is perceived to gain significant momentum in the next five to six years. Technological advancements in the personal care industry have led towards development of novel anti-aging nutraceutical products. Since, cellulite is one of the major problems faced by women, usage of such ingredients to overcome this concern is of utmost importance among anti-aging nutraceutical product manufacturers. Also, ingredient suppliers are keen on developing ingredients, which cater to consumer demand for UV absorbing and skin brightening, better ant oxidation, anti-inflammatory properties and anti-aging application.
Factors such as growing awareness among consumers regarding nutraceutical ingredients, natural formulations usage for products, informative product packaging, owing to consumer inclination towards product information are fuelling global anti-aging nutraceutical ingredients market growth. In addition, fruit-based formulations coupled with nutraceutical ingredients are gaining significant importance among consumers and thus, resulting in such product development.
Geographically, North America is dominating the market in terms of revenue share contribution, which is attributed to extensive research and development by companies for efficient anti-aging nutraceutical ingredients development. Anti-aging nutraceutical ingredients market in Asia Pacific is anticipated to record robust growth. Owing to huge consumer inclination for skin care in countries such as China and India coupled with presence of local manufacturers, who offer better ingredients maintaining efficacy and mitigating other supply chain issues, demand for anti-aging nutraceutical ingredients is expected to upsurge significantly during the forecast period.
Key Players Identified for Anti-aging Nutraceutical Ingredients Market Include but are Not Limited to:
Pfizer Incorporated., Avon Products Inc., Shiseido Co. Ltd., GlaxoSmithKline Plc., Chanel SA, Bayer Schering Pharma AG, General Nutrition Centers Inc., Procter & Gamble, F. Hoffmann-La Roche Ltd., Alberto Culver Company, Clarins, Merck & Company Incorporated, Johnson & Johnson, Unilever PLC, Allergan Inc., Novartis International AG, L’Oreal SA, Robanda International. And Other Notable Players.
This report offers:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Anti-Aging Nutraceutical Ingredients market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report