Anti-aging market – additional information
Society drives people in every way to look beautiful. They see it on television, in the movies, and in magazines. The social pressure associated with physical appearance is typically much greater for girls than boys in almost every society.
There is so much emphasis on a youthful appearance and the cosmetic industry is taking full advantage of this persona. For instance, the United States is a key market in the global cosmetic industry, generating an estimated revenue of approximately 62 billion U.S. dollars in 2016.
The leading cosmetic brand worldwide was L’Oréal, with a value of more than 13 billion U.S. dollars in 2016. Its closest competitor, Gillette, had a brand value of about 7.2 billion U.S. dollars. L’Oréal is a French cosmetics and beauty company. The company owns many popular brands and is one of the world’s largest cosmetics companies. L’Oréal announced that they have spent two decades studying skin cell biology to formulate an anti-aging and skin-changing product line that defies a laser. Many women today use creams to slow the aging process. In 2014, the facial anti-aging skin care products were ranked second among skin care categories, with sales amounting to 1.15 billion U.S. dollars.
The global anti-aging market is growing at a compound annual growth rate (CAGR) of 7.8 percent between 2013 and 2019. With the market’s value amounting to 122.3 billion U.S. dollars in 2013, it is expected to reach 191.7 billion U.S. dollars by 2019.