Industry Background:
Aging of the skin can be attributed to constant external insult from innate and external factors, causing in increased wrinkling, sagging, laxity, and uneven skin texture. Aged skin, especially photoaged skin, is coarsely wrinkled and manifests as a decrease in skin thickness and elasticity, dryness, distorted barrier function, and altered penetrability and pigmentation. Face serums are considered one of the most effective anti-aging products due to the concentration of their active elements. The concentrations in serums are meant to enter the skin faster and easier than creams because they are not diluted with moisturizer.This growth is primarily driven by Rising Awareness about Ageing Signs
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Personal Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Proctor & Gamble Co (United States), L’Oreal S.A. (Grance), Johnson & Johnson (United States), Pfizer (United States), Skye Pharma PLC (United Kingdom), Bioderm Research (United States), Galderma S.A. (Switzerland), The Westaim Corp (Canada), The Regents of the University Of California (United States) and Avon Products Inc. (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On July 1, 2019 - Pfizer Inc. has announced the successful completion of its acquisition of the privately held clinical-stage biotechnology company Therachon Holding AG. Under the terms of the transaction.
In June 2021, Procter & Gamble launched new sensitive skin-focused brand GoodSkin MD on website CVS.com. the brand launches with six products including sunscreen, vitamin C and vitamin B serums, a night cream, a rescue cream and a cleanser, with more planned for the future. This launch helped Procter & Gamble to expand its presence in Anti-aging serum marketThe companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Influencing Trend:
Technological Development of Innovative and Effective Products in Cosmetic Industry and Growing concerns related to health and beauty
Market Growth Drivers:
Rising Awareness about Ageing Signs and Increasing Obesity and Sedentary Routine
Challenges:
Side Effect of Anti-aging Serum
Restraints:
High Price As It Contains Active and Concentrated Ingredients
Opportunities:
Growing Demand for Organic and Natural Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Anti-aging Serum Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Anti-aging Serum Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Anti-aging Serum players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Anti-aging Serum Study Sheds Light on
The Anti-aging Serum Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Anti-aging Serum industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-aging Serum industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.