Wrinkle Cream Market Report

Market Insights

The Wrinkle cream Market is estimated to grow from USD 9.32 billion in 2021 to USD 13.87 billion by 2028 at a healthy CAGR of 5.81 during the forecast period of 2022-2028.

What is Wrinkle cream?

Wrinkle treatments containing vitamin A derivatives can increase new collagen deposition and prevent its breakdown by boosting Type I procollagen." Collagen is a protein that provides skin its suppleness and firmness, making it appear younger. To summarise, begin with retinol. It temporarily plumps the skin, making creases and wrinkles less noticeable. Lotions, creams, gels, and serums containing water, oils, and other substances such as proteins, waxes, glycerine, lactate, and urea are examples of moisturizers. Wrinkle creams are frequently moisturizers that contain active substances that provide extra advantages.

Market Drivers

The growing geriatric population throughout the world, together with technical improvements in the cosmetic industry, is predicted to be the primary driver of market expansion. Anti-wrinkle creams are gaining popularity because their formulations are well adapted to slowing the aging process. Major causes of wrinkles include a lack of necessary nutrients in the body, prolonged exposure to UV light and pollution, smoking, dehydration, medications, and other genetic factors.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the wrinkle cream materials supply chains, international trade, and manufacturing operations across the world. The COVID-19 pandemic is expected to have a minor impact on the studied segment, as most aesthetic and cosmetic procedures were deemed elective and were postponed in order to free up hospital resources for the treatment of COVID-19 patients, with the goal of reducing the risk of patients receiving anti-aging treatment contracting SARS-CoV2 viral infection.

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Key Players

Key players operating in the Wrinkle cream Market are-

•  Procter & Gamble Co.
•  PHYTOMER
•  Johnson & Johnson
•  Beiersdorf
•  Unilever PLC
•  The Estee Lauder Companies, Inc.
•  Shiseido Company Limited
•  L’Oreal Paris
• ZO Skin Health, Inc

Segment Analysis

Application Trends

Based on application, the wrinkle cream market has been divided into Hyper & Supermarkets, Online, Specialty Stores, and Convenience Stores.  Hypermarkets and supermarkets accounted for the largest market share in 2021. Because of the availability of many products at varying costs Furthermore, stores such as Marks & Spencer's provide regular discounts, which contributes to the segment's growth.

Regional Trends

By region, the Asia-Pacific wrinkle cream market accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. Face Shop, Innisfree, and Soko Glam are among the key companies in this region. Rising pollution levels and UV radiation exposure have resulted in a rise in demand for anti-wrinkle products in this region.

The European wrinkle cream market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Because of the presence of big brands such as Bioderma, Clarins, Vichy, and Kiko Milano The growing popularity of serums and essential oil advantages in the region is driving up demand for quick-absorbing and natural products.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Target Audience

The target audience of Wrinkle cream Market includes-

• Wrinkle cream Vendors
• Wrinkle cream Manufacturers
• Wrinkle cream Distributors
• Hospital
• Organizations

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