The global anti aging cosmetics market size is expected to reach USD 60.26 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. Moreover, the rising incidence of skin related problems coupled with technological advancement in cosmetic products will boost the global market during the forecast period, states Fortune Business Insights in a report, titled “Anti-aging Cosmetics Market Size, Share & Industry Analysis, By Product Type (Skin Care, Hair Care, Make-up, Eye Care, and Others), Product Form (Cream, Lotion, Serum, and Others), End-User (Women and Men), Distribution Channel (Supermarkets/Hypermarkets, Cosmetic Stores, Online Stores, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 38.62 billion in 2018.
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According to the European Commission, in 2019, around 41% of the European Parliament seats were held by women. This is believed to be a record percentage in the history of the European region. The rising participation of women labor force, along with high disposable income is leading to increased demand for the Europe paper towel products such as sanitary paper towels. Additionally, the rapid-paced urbanization and industrialization activities are likely to contribute to the Europe paper towel market growth in the forthcoming years.
List of the Key Companies Operating in the Anti-aging Cosmetics Market are:
- L’Oréal Professional
- Procter & Gamble
- Estée Lauder Inc.
- Beiersdorf AG
- Shiseido Co., Ltd.
- Coty Inc.
- Natura & Co.
- Kao Corporation
- Johnson & Johnson Services, Inc.
Rising Technological Advancement in Anti-Aging Products to Create New Sales Opportunities
Technological advancements have contributed significantly to the improvement of anti-aging products, which in turn, has resulted in better business outcomes.
Among all countries, Germany is expected to remain at the forefront and hold the highest position in the European paper towel market during the forecast period. This is ascribable to factors such as the presence of established companies such as Mannheim GmbH, Paper + Design GmbH Tabletop, Georgia Pacific Steinfurt GmbH, and others that are focusing on innovations in European paper towel products. The country stood at USD 1.00 billion in 2019.
The market in the U.K. is anticipated to experience exponential growth backed by the rising infrastructural facilities that are driving the demand for hotels and restaurants leading to the broader availability in the Europe paper towel essentials between 2020 and 2027. For more information, click here : https://ultimatestatusbar.com/
Occurrence of Counterfeit Products to Confine Growth
The existence of counterfeit anti-aging cosmetic products has subsequently restricted the growth of the market.
The Europe paper towel market is fragmented by the presence of major companies that are striving to maintain a stronghold on their positions by focusing on the Europe paper towel manufacturing facilities expansion. This is likely to propel them to cater to the growing demand for innovative paper towel products and further boost their sales revenue in the fiercely competitive global marketplace.
Regional Analysis: Anti-aging Cosmetics Market
Presence of Geriatric Population to Enable Growth in Asia Pacific
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