Canada Anti-Aging Products Market reached US$ 793.11 million in 2024 and is expected to reach US$ 1247.02 million by 2032, growing with a CAGR of 5.82% during the forecast period 2025-2032.
The Canadian anti-aging products market has experienced notable growth, influenced by the country's aging population and increasing consumer interest in health and wellness. According to Statistics Canada, the number of individuals aged 65 and older has been steadily rising, reflecting a demographic shift towards an older population. This trend has heightened demand for products that promote healthy aging and address age-related concerns.
Additionally, the natural health product sector, encompassing many anti-aging products, has seen significant activity. A report indicated that establishments in this sector offered over 32,000 product lines, with natural health products accounting for 85% of these offerings. In response to this growing demand, Canadian companies have been actively investing in research and development (R&D) to innovate and expand their product lines.
Market Dynamics
Driver - Aging Population with High Life Expectancy
Canada's aging population, coupled with high life expectancy, is significantly driving the demand for anti-aging products. As of July 1, 2024, approximately 7.8 million Canadians were aged 65 and older, representing a substantial portion of the population.
Life expectancy at age 65 is notable, with males expected to live an additional 19.33 years and females an additional 22.10 years.
Restraint - Strict Health Canada Regulations on Cosmetic Claims & Ingredients
Health Canada's stringent regulations on cosmetic claims and ingredients, as mandated by the Food and Drugs Act and the Cosmetic Regulations, require that all cosmetics sold in Canada be safe for use and not pose any health risks.
Manufacturers and importers must provide a list of product ingredients and notify Health Canada prior to selling their products.
Additionally, the Cosmetic Ingredient Hotlist outlines substances that are prohibited or restricted in cosmetics, ensuring consumer safety.
Market Insights
This study examines the therapeutic potential of marine collagen in delaying skin aging by enhancing collagen synthesis, improving skin hydration, and reducing oxidative stress for long-term dermatological benefits.
Market Segment Analysis
The demand for facial creams in Canada's anti-aging product market is steadily increasing. The overall skincare market in the country is growing, with a rising preference for anti-aging solutions. In June 2023, Bee Rx, a new line of natural, clean-label cosmetic skincare products for wrinkles, launched in Canada through Taro Pharmaceuticals Inc. (“Taro Canada”), a leading manufacturer and supplier of topical over-the-counter and prescription dermatology products.
Key Market Players
Key players are L'Oréal S.A., The Estée Lauder Companies Inc, The Procter & Gamble Company, Shiseido Company, Limited, Johnson & Johnson, Unilever PLC, Laboratoires de Biologie Végétale Yves Rocher, La Prairie Group AG, Natura Bissé International, S.A and MONAT Global Corp.
Key Developments
In March 2024, L'Oréal Canada launched SkinBetter Science, a medical aesthetic skincare brand, adding it to the L'Oréal Dermatological Beauty (LDB) division. SkinBetter Science stands out for its biotechnological approach to the science of skin care, based on 3 fundamental pillars: breakthrough technological innovations, rigorous clinical validation focused on safety and efficacy, and strong, ongoing partnerships with dermatologists, plastic surgeons, and other healthcare professionals.
In August 2024, SkinCeuticals announced the launch of P-TIOX, an amplified peptide serum to reduce expression wrinkles and enhance glass skin radiance. Inspired by neuromodulator injectables, P-TIOX is a peptide anti-wrinkle serum formulated with an Advanced Peptide Complex and amplified by potent actives including PHA, Niacinamide and Laminaria extract to create a more powerful synergy compared to peptide-based formulas alone.
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- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Consumer Category
- 3.3. Snippet by Functionality
- 3.4. Snippet by Distribution Channel
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Aging Population with High Life Expectancy
- 4.1.1.2. Government Support for Skincare & Dermatology Research
- 4.1.2. Restraints
- 4.1.2.1. Strict Health Canada Regulations on Cosmetic Claims & Ingredients
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. Sustainable Analysis
- 5.6. DMI Opinion
- 6. By Product Type
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 6.1.2. Market Attractiveness Index, By Product Type
- 6.2. Facial Creams*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 6.3. Moisturizers
- 6.4. Serums and Concentrates
- 6.5. Under Eye Creams
- 6.6. Sunscreens with anti-aging benefits
- 6.7. Others
- 7. By Consumer Category
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Consumer Category
- 7.1.2. Market Attractiveness Index, By Consumer Category
- 7.2. Men*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Women
- 7.4. Unisex
- 8. By Functionality
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Functionality
- 8.1.2. Market Attractiveness Index, By Functionality
- 8.2. Wrinkle Reduction & Fine Line Smoothing *
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Skin Hydration & Moisture Retention
- 8.4. Skin Brightening & Pigmentation Correction
- 8.5. UV Protection & Photoaging Prevention
- 8.6. Others
- 9. By Distribution Channel
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.1.2. Market Attractiveness Index, By Distribution Channel
- 9.2. Supermarkets/Hypermarkets
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Pharmacies and Drug Stores
- 9.4. Convenience Stores
- 9.5. Online Retailers
- 9.6. Others
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
- 11. Company Profiles
- 11.1. L'Oréal S.A. *
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. The Estée Lauder Companies Inc.
- 11.3. The Procter & Gamble Company
- 11.4. Shiseido Company, Limited
- 11.5. Johnson & Johnson
- 11.6. Unilever PLC
- 11.7. Laboratoires de Biologie Végétale Yves Rocher
- 11.8. La Prairie Group AG
- 11.9. Natura Bissé International, S.A.
- 11.10. MONAT Global Corp.
- LIST NOT EXHAUSTIVE
- 12. Appendix
- 12.1. About Us and Services
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