Anti-ageing
ingredients offer a high scope for growth, especially in regions that
report a large geriatric population base, notes
Transparency
Market Research. In a report titled “Anti-Ageing Ingredients Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016–2024”, TMR sheds light on the major factors benefitting this
market and those that restrict its growth.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16196
One
of the most significant factors fueling the market for anti-ageing
ingredients is the rise in geriatric population worldwide. The U.S.
Census Bureau finds that in 2011, the number of Americans over the
age of 65 stood at 181.6 mn, which is expected to rise to 244.7 mn by
2018. This rise in both developing and developed countries is
complemented by a growing number of people becoming aware of new
anti-aging products and a surge in spending on personal care
products. These factors increasingly benefit the global market for
anti-ageing ingredients.
Although
geriatric population emerges as the leading driving factor in this
market, the growing percentage of youth is also a major growth
booster. An increasing number of young adults are realizing the
harmful effects of environmental changes and sedentary lifestyle on
the skin and are therefore seeking ways of aging gracefully.
Thanks
to strict regulations pertaining the use of safe ingredients in
anti-ageing products, new technologies are being developed across the
globe and the emergence of natural products with organic ingredients
has taken the personal care industry by storm. However, these
regulations pose several challenges for smaller players who cannot
afford expensive R&D to develop alternative ingredients.
Moreover, the potential side effects of anti-ageing ingredients and
products do restrict their uptake.
The
anti-ageing
ingredients market can be geographically segmented into North
America, Asia Pacific, Europe, Latin America, and the Middle East and
Africa. North America and Europe both account for a significant share
in the global market, fueled primarily by the availability of
advanced technologies, high investments in R&D, and a large
population base of geriatrics. Asia Pacific, on the other hand,
presents immense potential on account of lucrative opportunities in
countries such as China, India, South Korea, and Japan. The rising
disposable incomes in these economies, the growing awareness
regarding anti-aging products, and an exponential increase in aging
population are some of the key factors propelling the anti-ageing
ingredients market in Asia Pacific.
TMR
offers a detailed evaluation of the vendor landscape, identifying the
leading players and analyzing their performance through the years.
VIVACY Laboratories, J&JCI, ADEKA CORPORATION, Lasons India Pvt.
Ltd., DSM, Mercola Skin Care, Galderma S.A., Allergan India Private
Limited, BASF, and Cargill, Inc. are some of the key companies
operating in the global anti-ageing ingredients market. By nature,
the market is fragmented with several players worldwide.
This highly competitive yet lucrative market is poised to expand at a healthy rate over the course of the forecast period.
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