Global Anti-Aging Market Expanding at a CAGR of Around 6% During 2016-21
A beacon of opportunities, the Global Anti-Aging Market has demonstrated a humongous growth in a span of about two decades. This market, driven by the aging population and growing focus on physical appearance, is expected to grow at a CAGR of around 6% during 2016 and 2021.
To meet this growing demand, a variety of anti-aging products and services are available in the market like anti-wrinkle creams, sunscreens, facelift injections and hair gain serums. Besides these well-established anti-aging solutions, a continuous research is going on to develop more effective and safer techniques, resulting in the arrival of new products frequently in the global anti-aging market.
One of the biggest drivers for the global anti-aging market is the increasing population of people aged 50 years and above. The current global population of people belonging to this age group is around 1.6 Billion, which is approximately 22% of the total current global population. Growing focus on physical appearance coupled with an increasing spending on wellness and physical beauty have also fueled the growth of the global anti-aging market. This has enabled this market to represent one of the fastest growing segments in the global wellness industry.
IMARC’s new report entitled “Global Anti-Aging Market Report and Forecast (2016-2021)” is an outcome of an intensive research of the global anti-aging industry that draws upon a comprehensive analysis of anti-aging products, consumer groups and market trends globally. The study, which is based both on desk research and multiple waves of qualitative primary research, has delved deeply into the Global Anti-Aging Market.
According to the report, the global anti-aging market is expected to grow at a CAGR of around 6% during 2016 and 2021. The report has segmented the anti-aging market on the basis of age group, gender and income. It has also further analyzed this market by segmenting it into skin-care, hair-care and dental-care industries. The global market for these three industries along with the market for anti-aging products and services has also been thoroughly analyzed in this study.
Geographically, the global anti-aging market has been segmented into four regions – Asia Pacific, North America, Europe and Japan. North America and Europe, which currently represent the key markets for the manufacturers of anti-ageing products are currently in their mature stages. The Asia-Pacific region, on the other hand, is currently exhibiting robust growth mainly driven by emerging economies such as China and India.
Read full report @ http://www.imarcgroup.com/anti-aging-market
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