Global Anti Wrinkles Product Market See High CAGR Growth of 5. 75 % by 2026
Global anti- wrinkles product market is set to witness a substantial CAGR of 5.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Growth in cosmetic industry and rising advancement and development are the factor for the market growth.
Competitive Analysis:
Global anti- wrinkles product market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of anti- wrinkles product market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Market Definition: Global Anti Wrinkles Product MarketGlobal anti- wrinkles product market are those products which are specially designed so they can decrease the appearance of wrinkles in the skin. They have the ability to keep skin healthy & brighter and help the person to look young. Some of the common anti- wrinkle products are lotion, serum and oils. Today, manufacturers are producing different anti- aging products which are natural and organic in nature and are very safe to use.
Market Drivers:
- These products have the ability to slow aging process which also accelerate the market growth
- High R&D investment in these products is another factor boosting the market growth
- Rising awareness about early aging will also contribute as a factor for the market growth
Market Restraints:
- Side effects of anti- aging products will hamper the market growth
- Anti- aging creams can cause cancer in the liver and kidney; this factor will restrict the growth of the market
- Strict regulatory environment is another factor hampering the market growth in the forecast period
By Product
- Serum
- Oils
- Lotion
By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
By Nature
- Natural/Herbal
- Synthetic
- Organic
By End- User
- Men
- Women
Key Developments in the Market:
In September 2018, SkinCeuticals announced the launch of their new product Retinol 0.3. which is a new facial cream which can improve the presence of noticeable signs of aging and decoloration of the skin thus reducing breakouts and pores refining. The cream is formulated with a soothing mixture of bisabolol and boswellia serrata extract to further reduce inflammation and is specially prepared to preserve its potency
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