The U.S. anti-aging skincare market has experienced decelerated growth between 2006 and estimated 2011, as the impact of the economy forced tight household budgets for many users, who found less disposable income for discretionary purchases in recent years.
However, Mintel predicts that the market will turn around between 2011 and 2016, based on population growth of women aged 55+, who are the primary purchasers of anti-aging products. Growth will also come from the increasing Hispanic population. Hispanic respondents to Mintel’s exclusive consumer survey report steady use of anti-aging products, and thanks to their more than $1 trillion in spending power, Hispanics will play a larger role in the market in the near future. This report focuses on these dynamic factors, and provides in-depth analysis of the following:
The role of innovation in a market driven by users who constantly seek the latest, most cutting-edge formulas
How two of the leading FDMx companies have failed to provide the type of new products that attract user attention, despite a decided emphasis on innovation in anti-aging skincare marketing
Why the facial segment of the market far outsells the body segment
How drug stores outsell food stores, and how mass merchandisers attract buyers during a period of economic uncertainty
Potential competition from professional services, such as injections, fillers, non/minimally-invasive procedures, and plastic surgeries, especially if the economy rebounds more quickly than expected
The U.S. anti-aging skincare market has experienced decelerated growth between 2006 and estimated 2011, as the impact of the economy forced tight household budgets for many users, who found less disposable income for discretionary purchases in recent years.
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
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Shannon joined the Mintel Reports team as an Analyst in May 2012. As the team's beauty expert, Shannon leverages her knowledge across the beauty series of reports, as well as related health and wellness, household and consumer packaged goods reports.
Shannon brings a unique background to Mintel that combines her technical knowledge along with a strong understanding of consumer and sensory research and a passion for the beauty industry. Prior to joining Mintel, Shannon worked as a research scientist for a leading hair and skin care company and specialized in fragrance development as well as sensory research. More recently, she worked as a freelance writer and wrote a beauty blog for a health and wellness magazine.
Shannon holds a Bachelor’s degree with a double major in Chemistry and Environmental Science from Indiana University in Bloomington, IN.