Mintel Beauty Innovation finds Japan leading the way in anti-aging skincare

Chicago (September 22, 2010) – Japanese women are expected to live just over 86 years, topping the world’s longevity ratings for the 25th straight year and according to Mintel Beauty Innovation, they are going to continue to look good as they get older.

Mintel’s Global New Product Database (GNPD) reports that Japan has seen a significantly higher growth rate in anti-aging skincare products than the US. Skincare products launched in Japan with an anti-aging claim increased by a staggering 85% from 2007 to 2009, compared to a 27% increase in the US during the same time period.

” east Asia and Japan, specifically, have always been at the forefront of beauty innovation,”notes Hinako Sugioka, Mintel Beauty Innovation senior consultant. “The steady increase in Japan’s longevity, traditional eating habits and long history of whitening beauty are just a few of the reasons this region continues to excel in the personal care industry. “

While not as robust as Asia, the US anti-aging skincare market is experiencing a boom in sales despite a poor economic atmosphere. Posting substantial growth since 2004, with gains of nearly 15% in both 2007 and 2008, the US has reached estimated sales of $1.8 billion in 2009. Growth is mostly driven by the increasing number of women in the US, particularly Baby Boomer women, who are known to be very interested in health and wellbeing.

According to Hinako Sugioka, the most remarkable factor in market growth is many consumers’ unwillingness to stop buying anti-aging skincare despite having to tighten their budgets for other market basket staples.

Join Mintel at HBA Expo 2010
In what has become an HBA tradition, Mintel has teamed up with HBA and Happi to sponsor the New Product Innovation Showcase at the HBA Expo from September 28-30. This year, Mintel will showcase the latest innovative beauty products, plus host Innovation Zone tours that cover our showcase and the HBA New Products Showcase. In addition, Mintel will host a tasting / sampling session where you can see, touch and taste the latest products from around the world. Visit us at booth #1964 or for more information visit www.hbaexpo.com.

About Mintel
Mintel is a leading global supplier of consumer, product and media intelligence. For more than 38 years, Mintel has provided insight into key worldwide trends, offering exclusive data and analysis that directly impacts client success. With offices in Chicago, New York, London, Sydney, Shanghai and Tokyo, Mintel has forged a unique reputation as a world-renowned business brand. For more information on Mintel, please visit www.mintel.com. Follow Mintel on Twitter: https://twitter.com/mintelnews

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