Anti-Ageing Ingredients Market to Attract Huge Investments in R&D
The global Anti-Ageing Ingredients Market is expected to witness a substantial CAGR by 2023. This could be credited to rising awareness amongst the customers regarding personal care followed by a plethora of distribution channels and advertisements. As far as geography is concerned, North America rules the roost due to excessive consumption of anti-ageing and cosmetic products by the U.S. citizens. Asia Pacific and Europe come in second and third, respectively.
Anti-ageing ingredients constitute vitamin E, vitamin C, leucine, isoflavones, antioxidants, nitrates, flavones, and carotenoid. Ever-increasing disposable income is also a factor driving the market. The latest trend catching up is that of roping in synthetic peptides or biotechnology products for spreading wings in the market. One of the unexplored areas herein is “male-oriented cosmetics”. Extensive research is being carried out to come up with anti-ageing ingredients for males.
The present scenario also asks for anti-ageing products with multiple functionalities like non-invasive ways of reversing/warding off ageing. The players contributing to the market of anti-ageing ingredients include Adeka, Koninklijke DSM N.V., Clariant AG, Wacker Chemie AG, BASF SE, Croda International PLC, Ashland Global Holdings Inc., Lonza, Evonik Industries AG, and DOW Chemical Company.