Anti-aging Skincare Trends Overview

• The global anti-aging market is worth $50.2 billion and has an annual CAGR of 5.7% between 2018 and 2023.
• The US skincare market has generated $17 billion in revenue in 2018 and has a global sales value of $62.3 billion from facial skincare alone. Facial cleansers are the top selling products.
• Trefis projects that the skincare industry will reach $180 billion within five years.
• Approximately 52% of US consumers use skincare products daily. Approximately 65% of women and 37% of men use skin care products every day.

Trend # 1: Clean, Natural and Organic Skincare

• Consumers have a preference for clean skincare products. Clean here refers to the use of natural and organic ingredients.
• This has been brought about not only because of the growing interest but also as a result of the banning of over 11 chemicals by the FDA.
• This trend is not just about the product content but also the product packaging and how it was produced.
• This leads to the issue of sustainability. Consumers are concerned about using products made of recyclable plastic.
• Companies such as L'Oreal are investing in recycling technologies and plans to start using paper-based cosmetics by 2020.
• Sephora us pilot testing recycling programs in order to start embracing refillable and recyclable packaging.