Anti-aging supplements pertain to a classification of dietary supplements curated to enhance dermal health, augment vitality, and foster general well-being amongst the aging populace. Typically, these formulas encompass naturally-derived constituents, ranging from vitamins & minerals to antioxidants & botanical extracts, among other sundry components.
The Global Anti-aging Supplements market is projected to grow at a CAGR of around 5.23% during the forecast period, i.e., 2023-28. The market is influenced by the factors such as the ever-increasing population of aging individuals & their desire to retain a youthful look. The changing lifestyles, growing health consciousness, and rising disposable incomes have contributed to market growth as individuals are becoming more eager to invest in products that help them look & feel younger. The emergence of social media & celebrity culture has also boosted the demand for these supplements, as customers are exposed to images of young-looking celebrities & desire to look like them.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Spain, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Australia|
|South America: Brazil, other|
|Middle East & Africa: UAE, Saudi Arabia, South Africa, Kuwait , Rest of the MIddle East & Africa|
|Key Companies Profiled||Life Extension The Vitamin Shoppe Novos Labs Vital Nutrients GNC Holdings LLC Nature’s Bounty MegaFood Natrol HUM Nutrition Centrum Nature Made New Chapter, Inc. Amway Jeunesse Global Herbalife Nutrition Ltd. Others (Nu Skin Enterprises, Inc., USANA Health Sciences|
|Unit Denominations||USD Million/Billion|
Furthermore, the growth in scientific & technological advancements has also led to the expansion of the Anti-aging Supplements market. The researchers have found novel components & formulations that effectively help improve skin health, raise energy levels, and support general well-being, such as Resveratrol, Astaxanthin, Collagen peptides, etc. Besides, businesses are increasingly investing in R&D to remain ahead of the competition & provide the most creative products to the customers, further benefiting the market with unique & niche products that solve the aging problem.
Moreover, the digital commerce channel has become increasingly crucial in the anti-aging supplement sector as it provides a convenient way for consumers to purchase these products. Companies such as Nature's Bounty Co. and USANA Health Sciences are extensively investing in their online presence to acquire a larger piece of the market. In conclusion, the anti-aging supplement market is experiencing significant growth due to various factors, including the increasing population of aging individuals and a heightened awareness of the benefits of a healthy lifestyle, and others. Overall, the anti-aging supplement market is expected to continue its growth trajectory in the coming years due to advancements in scientific research & technology, leading to the discovery of new & innovative components & formulations that provide effective anti-aging benefits.
Significant Driver: Surging Aging Population to Driving the Market Growth
The growing aging population is one of the key elements driving the Anti-aging Supplements market. Since individuals are looking for ways to maintain their health & vitality, and anti-aging vitamins are one way to achieve this aim. According to the United Nations, the overall population between the age group of 40 & 59 was roughly 1,783,309 in 2019 & is expected to increase to 2,046,991 by 2030. Thus, the need for anti-aging products is incessantly rising as the population ages. The ease of usage & ability of customized products makes these supplements particularly alluring. For instance, some supplements are made to assist joint health, while others raise energy levels.
Furthermore, the growing emphasis on preventative health is another element fueling the rise of the anti-aging supplement industry. Anti-aging vitamins are thought to enhance general health & wellness and guard against age-related health issues. Customers are eager to spend money on skin products & supplements that would make them look well & feel good about themselves. Hence, the surging inclination of consumers towards these supplements would help in the expansion of the market.
Possible Restraint: Stringent Government Regulations to Hamper the Growth
The market for anti-aging supplements is negatively impacted by the government's stringent laws & restrictions. Although regulations are set up to safeguard consumers, they also make it difficult for supplement firms to enter the market & restrict the supply of particular substances. Due to safety concerns, governmental organizations like the Food and Drug Administration (FDA) have limited the use of specific components in supplements. Several nations have outlawed the use of some anti-aging components concerning individuals' long-term safety, such as the hormone melatonin, which controls sleep.
Additionally, as per the regulation, anti-aging supplement manufacturers are required to accurately label their products with details on the ingredients, dosage, and any adverse effects. Hence, the claims businesses make about the efficacy of their products may be curtailed by stringent labeling regulations. For instance, the FDA forbids supplement businesses from making claims about the ability of their products to treat or prevent disease, which would restrain the market's expansion as many consumers are interested in using supplements to address health concerns.
Consequently, laws are essential to safeguarding consumers, but they may also have unforeseen effects on the market for anti-aging supplements. Stringent rules make it difficult for new businesses to enter the market by limiting the availability of particular substances, thereby acting as a barrier to market growth.
Growth Opportunity: Shifting Consumer Preferences for Plant-based Alternatives
The growing consumer preference for plant-based alternatives presents a significant growth opportunity for the Anti-aging Supplements market. Customers are seeking natural, sustainable, and additive-free products such as resveratrol, green tea extract, and collagen derived from plant sources. Therefore, to offer several health advantages, plant-based supplements are viewed as a means to accomplish objectives such as reduced inflammation, improved digestion, etc.
Plant-based supplements are considered beneficial for healthy aging as they contain significant amounts of antioxidants & other nutrients that can support overall health & wellness. Plant-based supplements are also seen as more sustainable & environmentally friendly than animal-based supplements. Thus, the surging preference for plant-based supplements among consumers due to their natural & sustainable properties has created a significant growth opportunity for the market.
Key Trend: Launch of New Products with AI to Drive the Market
With the advent of cutting-edge technology, the realm of anti-aging supplements has witnessed a surge in the introduction of novel products with AI. This revolutionary approach employs AI to transform the development, packaging, and marketing strategies of such supplements catering to the ever-growing aging population. Through the power of data analysis, AI now delves into vast repositories of information pertaining to ingredients, their inherent properties, and potential benefits. This latest technology in the market is changing the field of skincare, bringing unprecedented advancements in anti-aging solutions. For instance:
The demand for this product grew due to its exceptional efficacy as the complex composition of peptides within PeptiStrong allows for precise targeting of specific health concerns, optimizing its ability to deliver results. Moreover, a more personalized approach to addressing individual health concerns renders it a promising choice for those seeking to optimize their supplementation regimen & elevate their overall well-being.
Based on Ingredient Type:
The Collagen ingredient type held a prominent position in the historic year & is expected to maintain its dominance during the forecast period due to the fact that collagen constitutes a substantial component of the skin's structure & as a protein, it is imperative for preserving skin health. Collagen production in the body declines with age, which causes wrinkles, fine lines, and other aging symptoms. In order to lessen the effects of aging & promote skin health, collagen supplements help to improve the body's natural synthesis of protein.
Moreover, due to the rising customer desire for all-natural, potent anti-aging remedies, collagen supplements have gained popularity in recent years. The imminent progressions in the realm of medical research & technological advancements are highly probable to bring forth innovative & highly efficacious anti-aging supplements. Hence, these revolutionary products may encompass targeted solutions to address age-related ailments such as age-related macular degeneration & cognitive decline, in addition to more broad-spectrum products that strive to enhance overall well-being and augment longevity.
Based on Form:
Of them all, the Pills/Capsules form of supplements is anticipated to hold a substantial share in the Global Anti-aging Supplements market during the forecast period. This is due to the fact that tablets & capsules are convenient for dose & easy to consume. They are also a well-liked alternative because of their portability & ability to be used while on the go, which makes them a practical choice for customers that lead busy lives.
Moreover, tablets & capsules have a longer shelf life than other dosage forms, which saves both makers & customers money. Compared to other kinds, pills & capsules give an exact dose & are simpler to measure. This is particularly vital for anti-aging pills, as the proper dosage is essential for obtaining the best outcomes. Thus, due to a significant advantage in consuming pills, the market's revenue growth from this section is expected to rise during 2023-28.
Geographically, the market expands across:
Asia-Pacific dominated the global Anti-aging Supplements market in the historical years & is presumed to acquire a substantial share during the forthcoming period as well, as the region has a rapidly aging population, with a significant number of individuals over the age of 60. Moreover, as people age, they become more concerned with maintaining their health & appearance, leading to increased demand for anti-aging supplements. The requirement for high-end health & wellness goods, like anti-aging vitamins, has skyrocketed with the region's expanding middle class & rising disposable income.
Additionally, the ease of buying these aging supplements due to their surging availability in e-commerce platforms has created lucrative growth potential for the regional market. Further, compared to other regions like Europe & North America, the regulatory framework in the Asia-Pacific for supplements is quite liberal, thereby providing ease in the supply of anti-aging products. Thus, these factors are predicted to fuel market growth in the following years.
Recent Developments by the Leading Companies
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Frequently Asked Questions
A. The Anti-aging Supplements Market is expected to grow at a CAGR of around 5.23% during 2023-28.
A. The surging aging population is expected to drive the Anti-Aging Supplements Market during 2023-28.
A. Life Extension, The Vitamin Shoppe, Novos Labs, Vital Nutrients, GNC Holdings LLC, Nature’s Bounty, MegaFood, Natrol, HUM Nutrition, Centrum, Nature Made, New Chapter, Inc., Amway, Jeunesse Global, Herbalife Nutrition Ltd., others are the top players in the Global Anti-Aging Supplements Market.
A. Collagen is the leading type in the Anti-aging Supplements Market.
A. The launch of new products with AI is the key trend shaping the growth of the Anti-aging Supplements Market.
A. The stringent government policies are affecting the growth of the Anti-aging Supplements Market.