The Australian anti-ageing market was valued at more than USD 545 Million in 2022, increasing due to the popularity of social media.
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Australia has one of the highest levels of skin cancer in the Asia Pacific, which has led to a strong focus on sun protection and anti-ageing treatments that help to reduce the signs of sun damage. Australia has a long history of involvement in the development and manufacture of anti-ageing products. The country's natural resources, such as plant extracts and minerals, have been used in traditional medicine for centuries and are now incorporated into modern anti-ageing treatments. The Australian government has also supported the development of the anti-ageing industry by investing in research and development and providing grants to start-ups and established companies. The Australian anti-ageing market is expected to continue to grow in the coming years, driven by an ageing population and increasing awareness of the benefits of anti-ageing treatments. The Australian government has taken various initiatives to regulate the anti-ageing industry and ensure consumer safety. The Therapeutic Goods Administration (TGA), which is part of the Australian Department of Health, regulates therapeutic goods in Australia, including anti-ageing products and treatments. The TGA requires that all therapeutic goods, including anti-ageing products, be registered on the Australian Register of Therapeutic Goods (ARTG) before they can be sold in Australia. This registration process ensures that products meet appropriate standards for quality, safety, and efficacy. The TGA also conducts post-market surveillance to monitor the ongoing safety of products on the market. The Australian government also promotes healthy ageing through initiatives such as the Healthy Ageing Grants programme, which funds community projects that aim to improve the health and well-being of older Australians.
According to the research report "Australia Anti-Ageing Market Overview, 2028," published by Bonafide Research, the Australian anti-ageing market was valued at more than USD 545 Million in 2022. With the availability of information on the internet and social media, people are becoming more aware of the benefits of anti-ageing treatments and the options available to them. Advances in technology have led to the development of more effective and less invasive anti-ageing treatments, such as laser therapy, injectables, and radiofrequency devices. There is a growing trend in Australia for natural and organic anti-ageing products that are free from harmful chemicals. Based on the product types covered in this report, they are: anti-wrinkle, hair colour, ultraviolet (UV) absorption, anti-stretch mark, and others (retinoids, peptides, antioxidants, and exfoliants). In Australia, the anti-wrinkle market is leading the anti-ageing treatment market. One of the principal drivers is the rising mindfulness and worry about the impacts of maturing on the skin, as well as the craving to keep an energetic appearance. There is likewise a developing acknowledgement of corrective techniques, including injectables, such as Botox, which can assist with lessening the presence of kinks. With the growing geriatric population, this kind of person faces a variety of skin problems. Those issues mostly include wrinkles. Therefore, doctors recommend that they use anti-ageing creams and lotions. Therefore, there is huge demand for anti-ageing products in Australia.
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