Cosmetic and personal care products are widely and easily available across the world. These products primarily find applications in improving the appearance of skin. The demand from consumers for such effective products, has substantially increased investments of effort and resources for the improvement of products and the development of offerings across the global personal care industry.
The global anti-aging and anti-wrinkle products market is expected to grow to a value of USD 14 billion by the end of the forecast period in 2027. This rise can be attributed to a number of factors such as the development of multi-functional products, the rising use of color correction and beauty balm products, importance given to clean label trends, and the use of premium products, all of which will contribute to the growth of the industry for the foreseeable future.
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Asia Pacific Gains Substantial Traction in Product Demand
While North American and European countries have matured markets, markets across the Asia Pacific led by China are displaying a high demand rate for anti-aging and anti-wrinkle products owing to a high population of people within the age bracket of 20 to 40 years old.