Published on : Jan 27, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Anti-Aging Hair Products Market Insights, Forecast to 2025”. The report on the Anti-Aging Hair Products market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.
The global anti ageing market is set to chart a steady growth between 2019 and 2024, owing to a number of factors, which are explained below. But, before delving into those it’s important to note that the market would not just create new opportunities for market players but also improve upon the market worth.
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One of the most prominent factors, contributing massively to the growth of the market is rise in geriatric population, worldwide. A recent study states that one in every six people in the world will be aged 65 and above by 2050. And, one in every four will be in this age group in the regions of North America and Europe. It is crucial to point out here that the age group of 60 and above will see a population of 2 billion. It was a mere 900 million in the year of 2015. Additionally, it might interest some that 2018, saw a historic demographic shift wherein the number of children aged 5 and below was much less than the number of people aged 65 and above.
It is a known fact that with age, graying and thinning of hair is a common phenomenon. They even shine less because follicles, which do the heavy duty, shrink in number. And, this leads to demand for products that can revive and strengthen ageing hair.
As disposable incomes rise, support to the global anti aging products market will see only an upward growth trajectory. Moreover, the rise of social media is bringing new and interesting options within reach of this population that also feels the heat of confirming to certain social standards.
The global anti ageing hair products market is fragmented and numerous players flank the landscape – both of international stature as well as regional. And, credit the rise of internet, the newer players are hitting with great products every day, making the market highly competitive.
Some of the most renowned players operating in the global anti aging hair products market playfield include:
- Procter & Gamble
- Monat Global
These are also covered in the report. It is also covers strategies employed by these players and the market share enjoyed. Some of the critical ones that players deploy in order to have an edge over the competitors include strategic partnerships and collaborations, mergers and acquisitions and product development through innovation.
Region-wise, North America and Europe will share a prominent chunk of market growth owing to a number of factors. Some of the prominent factors behind the growth include presence of major market players, rise in ageing population and good levels of disposable incomes.
Asia Pacific (APAC) will also demonstrate a great performance owing to economies doing well, thereby, improving standard of living. Besides, there is rising awareness about the products, credit social media influence and better incomes. It is worth mentioning here that a large consumer base is set to generate untapped growth opportunities.