Growing geriatric population spurs anti-wrinkle products’ growth
Updated: Jun 11, 2019
The global anti-wrinkle products market size is anticipated to reach USD 29.77 billion by 2025, registering a CAGR of 5.7%, according to a new report by Grand View Research, Inc.
It maintains that the world’s growing geriatric population and rising disposable income are expected to propel the demand of such products over the projected period.
Serums and oil-based products are witnessing high demand across the globe. Thus, manufacturers are focusing on the development of such products.
The report suggests that manufacturers are focusing on achieving optimum business growth by implementing strategies, such as mergers & acquisitions, joint ventures, capacity expansion, product development, promotion of key product brands, and increased R&D investments.
Rising awareness about physical appearance across many countries, like South Korea, Japan and India in particular, have led to an inflated demand for anti-wrinkle creams and serums in the region. The Grand View Research, Increport notes that a major chunk of Asian population prefers natural and organic essential oils, such as sweet almond and geranium oil.
For more information about the report visit https://www.grandviewresearch.com.