Anti-Aging Ingredients Market Analysis, Growth Opportunities, Top Companies, Revenue Growth and Business Development Report by 2028

The anti-aging ingredients market is expected to grow massively by 2028 owing to growing disposable income among the young population. In addition, changes in the environment have accelerated the aging process in different skin types, necessitating the use of anti-aging ingredients daily, which is speculated to bolster industry expansion over the forecast period.

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Recently, companies in the industry have been focusing on product innovation and research initiatives to hold strong positions in the sector, which has positively influenced overall anti-aging ingredients market dynamics. For instance, in February 2021, Contipro A/S, a biotech firm, introduced its new product HyRetin with anti-aging ingredient hyaluronic acid having anti-acne effects. The new line blends the biological effects of low molecular weight retinoic acid and hyaluronic acid that penetrate deep into the skin without causing irritation.

In another instance, in May 2022, Shiseido, a Japanese cosmetic company, developed a shape-shifting hyaluronic acid technology that regulates the level of hyaluronic acid and hydrates skin. The technology also promises to shrink hyaluronic acid and includes magnesium ions, which increase its penetration, and sodium metaphosphate, a type of chelating agent.

The anti-aging ingredients market has been bifurcated in terms of form, application, product, and region. Based on product, the market has been further divided into sunscreen ingredients, hyaluronic acid, chemical peels, peptides, antioxidants, niacinamide, retinol, and others.

The peptides segment held about 4.9% market share in 2021 and is projected to grow at a CAGR of over 8.4% through the forecast period. Peptides have exhibited robust progress due to growing consumer preference for a pulpier and firmer skin texture to diminish wrinkles and fine lines. The hyaluronic acid segment is contemplated to grow significantly through 2028 as a result of increasing concerns associated with eczema and its ill effects on the health.

The retinol segment is anticipated to observe notable growth over 2022-2028 on account of rising R&D activities on retinol in various nutraceutical and cosmeceutical applications. Driven by the need for minimalization of pores and redness caused on the skin due to direct exposure to sunlight, the anti-aging ingredients market share from the niacinamide segment is projected to register substantial development through the study timeframe. The others product segment is poised to expand at above 7.6% CAGR between 2022 and 2028 owing to the constant uprise in demand for safe and enriched skincare products.

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In the regional landscape, the Latin America anti-aging ingredients industry accounted for nearly 5.9% of the total market revenue in 2021 and is forecast to grow at a CAGR of over 6.9% over the assessment period. Meanwhile, the Middle East & Africa anti-aging ingredients market is estimated to showcase significant growth by the end of 2028 backed by the introduction of new skincare and health care products across MEA.