Anti Aging Supplements Market

According to Stratistics MRC, the Global Anti-Aging Supplements Market is accounted for $55.8 billion in 2023 and is expected to reach $103.3 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Anti-aging supplements are dietary supplements that are specifically formulated to support healthy aging and address age-related concerns. These supplements typically contain a combination of vitamins, minerals, antioxidants, botanical extracts, and other bioactive compounds that are believed to have potential benefits in promoting overall well-being, maintaining youthful vitality, and reducing the visible signs of aging. Anti-aging supplements provide a concentrated source of essential nutrients that may be beneficial for overall health and well-being. Anti-aging supplements may include ingredients like glucosamine, chondroitin, collagen peptides, and calcium, which are believed to support joint mobility, flexibility, and bone strength.

According to a study published by the National Center for Biotechnology Information, factors, such as continuous stress, lack of sleep, fast-paced lifestyle, and long working hours are expected to affect the quality of life, which, in turn, is anticipated to drive the product demand in the country.



Market Dynamics:

Driver:

Growing emphasis on preventative health

The industry for anti-ageing supplements is expanding as a consequence of a greater focus on preventative health. Anti-ageing vitamins are considered to improve overall health and fitness and prevent age-related illnesses. Customers are keen to spend money on nutrients and skin care items that will improve their appearance and self-esteem. Therefore, the increasing curiosity among consumers about these supplements will aid in the market's growth.

Restraint:

Strict government regulations

The government's strict laws and regulations have a detrimental impact on the market for anti-ageing supplements. Regulations are put in place to protect consumers, but they also make it challenging for supplement companies to enter the market and limit the supply of particular ingredients. Governmental bodies like the Food and Drug Administration (FDA) have limited the use of some supplements' ingredients due to safety concerns. However, regarding people's long-term safety, several nations have banned the use of several anti-ageing ingredients, such as the hormone melatonin, which regulates sleep. Regulation is therefore necessary to protect consumers, but it may also have unforeseen effects on the market for anti-ageing supplements.

Opportunity:

Shifting consumer preferences towards plant-based substitutes

The market for anti-ageing supplements offers a large potential opportunity as a result of consumers' increased preference for plant-based substitutes. The fact that plant-based supplements include a great deal of antioxidants and other nutrients that can support general health and wellness makes them advantageous for healthy ageing. Additionally, customers are looking for products that are all-natural, sustainable, and free of additives, such as collagen from plants, resveratrol, and green tea extract. Plant-based supplements are thus seen as a way to achieve goals, including decreased inflammation, improved digestion, etc., by offering a number of health benefits. Due to customers' growing desire for plant-based supplements because of their natural and sustainable qualities, the market now has a large possibility for growth.

Threat:

Safety concerns

Vitamins, minerals, botanical extracts, and custom blends are frequently found in anti-ageing supplements, among other ingredients. While many of these components are generally regarded as safe, there is a chance for adverse reactions or interactions, particularly when taken with additional prescription medications or dietary supplements. However, people may have underlying medical issues or be taking medications that raise the chance of adverse outcomes. Accurately determining the safety profile of these products is challenging due to the dearth of reliable scientific data. Long-term usage of anti-ageing supplements may be associated with unknown dangers which hamper the market growth.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the market for anti-ageing supplements. On the one hand, as consumers have become more concerned with maintaining their general health and bolstering their immune systems to defend themselves from illnesses like the coronavirus, there has been a rise in demand for supplements that claim to promote immunity. People have grown more critical and wary about the efficacy and safety of these products as a result of growing public awareness. Consumers now place a greater emphasis on scientific evidence and supplement producers' openness when making purchasing selections. The COVID-19 pandemic had both positive and negative impacts on the anti-aging supplements market.

The vitamins segment is expected to be the largest during the forecast period

The vitamins segment is estimated to hold the largest share. For maintaining general health and wellbeing, vitamins are important micronutrients. Because of their potential advantages in promoting healthy ageing and fighting off age-related oxidative stress, vitamins are frequently included in the context of anti-ageing supplements. Vitamins with antioxidant abilities, such as vitamins C, E, and A, are known to assist the body in scavenging damaging free radicals. These vitamins are used in anti-ageing supplements to lower oxidative stress and improve cellular health because free radicals can harm cells and speed up the process of ageing.

The capsules segment is expected to have the highest CAGR during the forecast period

The capsules segment is projected to have lucrative growth during the forecast period. Consumers can get anti-ageing supplements in popular and practical capsule form. They are frequently employed because they are simple to consume, provide accurate dosages, and can keep the supplement's components from deteriorating. The anti-ageing supplement's active ingredients are enclosed in a capsule that is normally made up of gelatin or vegetarian substitutes. Ultimately, consumer preferences, ease of use, and the precise formulation and components of the supplement all play a role in the decision about using a capsule-based anti-ageing supplement.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. Due to the region's rapidly ageing population, including a sizeable percentage of people over the age of 60, Asia-Pacific is expected to continue to dominate the worldwide anti-ageing supplement market in the years to come. Additionally, as people age, their concern for maintaining their health and looks increases, this raises the market for anti-ageing vitamins. With the region's growing middle class and increased disposable income, demand for high-end health and wellness products, like anti-aging supplements, has surged. Therefore, it is anticipated that these factors will fuel market growth in the next few years.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period due to high disposable income, increasing aesthetic consciousness, and growing knowledge of ageing problems. Consumers of various age groups are anticipated to utilise goods that enhance cognitive health more frequently, which will drive market expansion in this area. A lucrative growth potential has been developed for the local market as a result of how simple it is to purchase these anti-ageing supplements due to their increasing availability on e-commerce platforms. These elements are therefore anticipated to boost market expansion in this region.



Key players in the market

Some of the key players in the Anti-Aging Supplements Market include Onnit Labs, Inc, NOVOS Labs, Natrol LLC, Life Extension, Procera Health, Alterna script, NOW Foods, Accelerated Intelligence Inc., Pure life Biosciences Co., Ltd., Natural Factors Nutritional Products Ltd., NAD Lab UK Ltd., Quincy Bioscience, Liquid Health, Inc., Notropics Depot, Vitamin Express and Healthgevity.

Key Developments:

In Feb 2023, Healthgevity introduced a new supplement called Longevity. The supplement aims to provide healthy aging & muscles as well as contains Pepti Strong, a recently released component from Nuritas (Ireland), which employs artificial intelligence to find new peptide compounds.

In May 2023, NOVOS Labs after four years of rigorous testing and formulating, NOVOS is now unveiling its line of science-backed, patent-pending supplements for consumers that aim to slow down the pace of aging by targeting its root causes.

Product Types Covered:
• Collagen
• Omega-3 Fatty Acids
• Resveratrol
• Antioxidants
• Coenzyme Q10
• Minerals
• Vitamins
• Herbal Extracts
• Niacinamide
• Sunscreen Ingredients
• Hyaluronic Acid
• Chemical Peels
• Other Product Types

Forms Covered:
• Powder
• Capsules
• Patches
• Gummies
• Other Forms

Distribution Channels Covered:
• Supermarkets and Hypermarkets
• Health and Wellness Stores
• Pharmacy and Drugstores
• Convenience Stores
• Beauty Salons
• Online Stores
• Other Distribution Channels

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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