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Value of the global anti-aging market 2018-2023

Size of the anti-aging market worldwide from 2018 to 2023 (in billion U.S. dollars)

by M. Shahbandeh, last edited Mar 25, 2019
Value of the global anti-aging market 2018-2023 The statistic shows the estimated size of the anti-aging market worldwide from 2018 to 2022 and provides a forecast for 2023. In 2018, the global anti-aging market was estimated to be worth about 50.2 billion U.S. dollars. The anti-aging market is estimated to see a compound annual growth rate (CAGR) of 5.7 percent between 2018 and 2023.
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.
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Size of the anti-aging market worldwide from 2018 to 2023 (in billion U.S. dollars)

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