Cosmeceuticals Market is expected to reach USD 142.52 Billion by 2032, and grow at a CAGR of 9.84%.
Consumers, especially ageing population, increasingly adopt various methods and products to enhance their appearance. Today it is important to look youthful and beautiful, due to the rising awareness of anti-aging. According to the World Bank in Japan, the population of 65 years old was 26.59% in 2016, increasing to 28.7% in 2021. Also, because of the high rate of occurrence of signs of aging, middle-aged guys and girls experience anxiety about the aging process. Anti-age skin products belong to cosmeceuticals, which are between cosmetics and pharmaceuticals. Generally, these contain biologically active ingredients claimed to have cosmetic properties.