Cosmeceuticals inject innovation into antiaging: the vibrant antiaging market is being fueled by the development of high-tech formulations that are blurring the boundary between cosmetics and pharmaceuticals. Euromonitor International takes a look at the $14.9 billion global market and the latest developments in wrinkle-busting cosmeceuticals.(Antiaging/Cosmeceuticals)

Global Cosmetic Industry, April, 2008 by Dodson, Diana

The pursuit of eternal youth has become a global preoccupation with consumers spending more and more money--and some even going to extreme lengths--in effort to turn back the clock on maturing skin. Once only found in the medicine chests of women in their 50s and 60s, antiagers are increasingly appealing to a younger audience keen to put the brakes on the aging process. Not even men are immune to the promise of eternal youth, as antiaging creams have become an important contributor to growth in the burgeoning $1.5 billion men's skin care segment.

Asia-Pacific Lags Behind

While the antiaging trend is a global phenomenon, the drive to maintain a youthful appearance is strongest in the affluent Western markets of North America, Western Europe and...