The Anti-Aging Products market in the U.S. is estimated at US$11.6 Billion in the year 2020.
How much do people spend on anti-aging?
In 2020, the global anti-aging market was estimated to be worth about 58.5 billion U.S. dollars.
Size of the anti-aging market worldwide from 2020 to 2026 (in billion U.S. dollars)
|Characteristic||Sales in billion U.S. dollars|
How much is the anti-ageing industry worth?
The global anti-ageing market is predicted to be worth $421.4 billion (approx. £306bn) by 2030. According to P&S Intelligence, the market is expected to grow at a CAGR (compound annual growth rate) of 8.1% from $191.5bn (approx. £139bn) in 2019 to $421.4bn by 2030.
How much money do Americans spend on anti-aging products?
The Anti-Aging Products market in the U.S. is estimated at US$14.2 Billion in the year 2020.
How large is the anti-aging market?
The anti-aging market size reached a valuation of USD 42.46 billion in 2020, and is likely to grow to USD 60.95 billion by 2027 end. Growing population of middle-aged individuals across the globe, and promising hold of branded products over non-branded products remain promising drivers of growth.
What is the target market for anti-aging products?
On the basis of age group, the market has been segmented into the age group of 25-35 years, 35-55 years,and 55 and above. Currently, consumers in the age group of 35-55 years lead the global anti-aging market, holding more than a half of the total global market.
Will anti-aging be possible?
Reversing aging would mean making an old organism young again. Is it possible? What may come as a surprise to many, the answer is yes! In the last few years, scientists have shown that it’s actually possible to partially reverse aging: they succeeded in making old organisms younger.
What is skin aging?
Skin aging is characterized by features such as wrinkling, loss of elasticity, laxity, and rough-textured appearance. This aging process is accompanied with phenotypic changes in cutaneous cells as well as structural and functional changes in extracellular matrix components such as collagens and elastin.
How much does the average woman spend on skincare?
According to the study, the average woman spends about $313 per month on her appearance. This adds up to $3756 per year or $225,360 over the course of a lifetime. Yep, it’s pretty standard for college tuition. (Though in all fairness, that only gets us four years.)
How much does the average person spend on skincare?
SkinStore claims the average American spends $322.88 on skincare per year, according to data Statista compiled from the U.S. Census and Simmons National Consumer Survey. If this estimate is correct, the projected lifetime spending of $15,000 breaks down to nearly 46.5 years of dedicated skincare shopping.
How much money is spent on beauty products in the US?
CONCLUSION: About 161 million U.S. women use beauty products each day. With the average woman using some 16 skincare and cosmetic products daily and spending ~$200,000-$300,000 in a lifetime on them (or an estimated $250 per month), it is clearly a market for which consumers are willing to spend significant money.