The global anti-ageing cosmetics products market was valued at $52.4 billion in 2021 according to analysts ReAnIn.
The market is projected to reach $80.3 billion by the year 2028 - a compound annual growth rate of 6.3%.
ReAnIn said North America accounted for the highest share in the global anti-ageing products market, owing to the higher percentage of the older population, increasing awareness about the anti-ageing products, and the presence of leading players.
However, Asia Pacific is expected to witness the highest growth rate in the years up to 2028.
The figures are detailed in ReAnIn's Global Anti-Aging Cosmetics Products Market Growth, Share, Size, Trends and Forecast (2022-2028) report.
Other key findings of the report include skincare products accounting for the highest market share (more than 60%) in 2021.
The Covid-19 pandemic was found to have a “drastic” impact on the overall cosmetic industry including anti-ageing products.
However, the market has seen some recovery in 2021 and it is expected to witness “rapid” growth in 2022.
The pandemic was said to have “completely changed the way consumers used to procure cosmetic products” with a significant tilt towards online channels.
In addition, the report found men's anti-ageing products have grown significantly higher than women's products in the recent past.
