Anti-Aging Cosmetics Products Market Business Opportunities, Trends and Restraints Forecast 2024

The anti-aging cosmetics products have witnessed an increase in demand in the recent years, due to a surge in product use by people of the age group of 30 and above who are expected to suffer from an anxiety caused by the physical manifestations of aging. Chronological aging or intrinsic aging causes changes in appearance such as lack of skin elasticity and collagen, reduction in melanin production, and aging of hair follicles which lead to the appearance of fine lines and wrinkles and an increase in the appearance of dark spots or pigmentation.

Additionally, extrinsic aging is caused by factors including pollution, change of climate, stress, and an unhealthy diet which ultimately lead to skin damage and have an impact on collagen and elastic fibers. Thus, aging anxiety, concerns about changes in facial appearance, and the desire to look younger have led consumers to opt for anti-aging cosmetics products. This is expected to drive the growth of the Global Anti-Aging Cosmetics Products Market.

Industry Segments

The global anti-aging cosmetics products market has further been segmented based on product type, nature, and distribution channel.

Based on product type, the global anti-aging cosmetics products market has been classified as skincare, haircare, and others.

By nature, the global anti-aging cosmetics products market has been bifurcated into natural and conventional.

The global anti-aging cosmetics products market has been segmented, by distribution channel, into store-based and non-store-based.

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Geographical Analysis

The global anti-aging cosmetics products market has been segregated, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The market in Asia-Pacific is expected to garner the largest share of the global anti-aging cosmetics products market owing to hectic lifestyles, lack of proper nutrition, and diminishing time for personal care, which in turn is encouraging the consumers to opt for products that can provide quick and convenient anti-aging solutions.

The market in North America is expected to be the fastest-growing for anti-aging cosmetics products during the assessment period owing to the increasing demand for natural, fresh, and plant-based anti-aging cosmetics products.

The market in Europe accounted for a notable share of the global anti-aging cosmetics products market in 2018 due to the rising concerns about wrinkles, fine lines, and pigmentation primarily in the middle-aged female population.

In the market in the rest of the world, South America and the Middle East are expected to be prominent regions due to the increasing demand for natural cosmetics.

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Key Players

LR Health & Beauty Systems GmbH (Germany), Lotus Herbals Pvt. Ltd. (India),  The Himalaya Drug Company (India), The Estée Lauder Companies Inc. (US), Allergan plc (Ireland), Unilever PLC (UK), PhotoMedex, Inc. (US), Emmbros The Procter & Gamble Company (US), Overseas Lifestyle Pvt Ltd (India), The Face Shop Co., Ltd. (South Korea), Innisfree Corporation (South Korea), Christian Dior SE (France), L’Oréal  S.A. (France), Kaya Limited (India), and Henkel AG & Company, KGaA, (Germany)

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Watch Market Analysis and Value Forecast 2019-2024 | End-Use Industry

The vital market driving factors for the Global Watch Market growth include changing lifestyles, changing market trends, and growing customization of personal accessories. Other factors contributing to the global watch market growth include rising craze for fashionable watches, availability of multipurpose watches, increasing disposable income, investment from many big accessory brands on watch manufacturing, and the growing number of watch retailers. The trend of smartwatches that can be synced with smartphones is also surging the demand for smartwatches. However, factors that can hamper the market growth include easy availability

Watches are used as an important accessory, both in terms of utility as well as fashion. A new report on the global watch market, published by Market Research Future (MRFR), concludes that this market can advance at 6.7% CAGR between 2019 and 2024. In terms of money value, the market can be worth USD 75.8 Bn by the end of the forecast period.   

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Market Segmentation

of counterfeit products and increase in the presence of unorganized players.

The global watch market segmentation encompasses category, distribution channel, end-user, and type. MRFR’s take on the market surveys various facets of the market in-depth.

The category-based segmentation of this market covers mechanical watches, quartz watches, and others.

Regarding the distribution channel, the market has been segmented into store-based distribution channel and non-store-based distribution channel.

Based on end-user, the market has been segmented into men watches, women watches, and unisex watches.

By type, the market has been segmented into analog watches, chronograph watches, digital watches, smartwatches, and others.

Regional Segmentation

A geographical outlining of the global watch market covers North America, Asia Pacific, Europe, and rest of the world (RoW).

North America is a powerful market due to high disposable income, technological advancement, and high demand. Smartwatches originated in the USA. In North America, maximum revenue comes from USA, Canada, and Mexico.

Europe is another market due to advancements in technology, the high spending power of consumers, a large number of retail stores, and presence of major watch manufactures. The most powerful country-specific markets in Europe are France, Germany, Italy, Spain, and the UK. An inspection of the remaining countries in Europe featured in this report speculate the huge contribution to market revenue from many other countries in this region.

The RoW segment covers South America, Africa, and the Middle East. Compared to Africa and the Middle East, South America is a bigger market due to economic stability. In the Middle East, the market is decent as rich people can afford luxury watches. In Africa, the market is small due to low disposable income and lack of technology to manufacture watches.

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Leading Key Players

Big players in the global watch market Apple Inc. (USA), Bucherer AG. (Switzerland), Casio America Inc. (USA), Citizen Watch Co. Ltd. (Japan), Financière Richemont SA (Switzerland), Fortis Watches AG (Switzerland), Fossil Group Inc. (USA), LVMH Group (France), Patek Philippe Sa. (Switzerland), Ralph Lauren Europe Sàrl (Switzerland), Rolex SA (Switzerland), Samsung Electronics Co. (South Korea), Seiko Watch Corporation (Japan), The Swatch Group Ltd. (Switzerland), and Titan Ltd. (India).

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Footwear Market Opportunities, Status, Types, Applications, Region and Forecast To 2024

The Global footwear market registered a substantial growth in terms of product innovations and technological advancements. The global footwear market size is estimated to reach USD 223.2 Billion by the end of 2024 and record a CAGR of 5.7%. Youngsters are increasingly inclined toward participating in sports and other outdoor activities which is expected to increase the demand for sports footwear during the forecast period. Moreover, consumers are also concerned about using appropriate shoes while participating in different sports activities to prevent injuries and improve their performance. Apart from that, the rising number of working professionals in the developing economies is expected to further propel the demand for formal shoes which in turn is expected to accelerate the growth of the global footwear market at a high pace.

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Segmention

The global footwear market has been segmented on the basis of product type, category, end user, distribution channel, and region.

Based on product type, the global footwear market has been segmented into formal footwear, casual footwear, and sports footwear.

The market for global footwear has been bifurcated, on the basis of category, into open footwear and closed footwear. 

Based on end user, the global footwear market has been bifurcated into men and women. 

Based on distribution channel, the global footwear market has been segmented into store-based and non-store-based channels. 

Key Players

Some of the key players in the global footwear market are Nike Corporation (US), Adidas AG (Germany), VF Corporation (US), Crocs Retail, Inc. (US), ECCO Sko A/S (Denmark), Wolverine World Wide, Inc. (US), Under Armour Inc. (US), New Balance Athletics, Inc. (US), Asics Corporation (Japan), Deichmann SE (Germany), AeroGroup (Canada), Kering S.A. (Japan), Geox S.p.A (Italy), Skechers USA, Incorporation (US), and The Columbia Sportswear Company (US).

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Regional Analysis

The global footwear market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The market in Asia-Pacific is expected to retain its dominance throughout the forecast period in the global footwear market. Large population size in the countries of the Asia-Pacific region is one of the major factors for the rising demand for footwear. Rise in per capita disposable incomes of the consumers in developing nations such as India, China, and Indonesia are expected to fuel the sales of footwear during the forecast period. The markets in China and India accounted for significant market share in 2018 and the trend is expected to continue during the forecast period. China accounts for the highest production of footwear products in the Asia-Pacific region.

The market in Europe accounted for approximately 27% of the market share of the global footwear market. Germany and France have major footwear production facilities which assists in the growth of the regional market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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