Market Dynamics:
The growing adoption of mesotherapy for anti-aging treatments is one of the major drivers propelling the growth of this market. According to the American Society of Plastic Surgeons (ASPS), almost 15.6 million minimally-invasive anti-aging procedures were performed in 2018 in the US alone, reflecting the rising consumer demand for treatment options with minimal downtime. Mesotherapy offers cosmetic improvements quicker than traditional therapies such as plastic surgery. Furthermore, the procedure fits well with busy lifestyles as it requires less time commitment compared to other anti-aging treatments. The advantages of this therapy over alternate options along with growing consumer awareness about minimally-invasive cosmetic enhancements are fueling revenue growth of the mesotherapy industry.
Key Takeaways
The Global Mesotherapy Market Size is expected to witness high growth over the forecast period driven by increasing demand for minimally invasive aesthetic treatments. While cosmetic procedures taking place in developed countries currently dominate the market, adoption is also growing rapidly in emerging economies as incomes rise and public awareness increases. The global mesotherapy market is estimated to be valued at US$ 654.86 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030.
Regional analysis reveals North America currently holds the largest share due to well-established practitioner networks and growing acceptance of these procedures. However, Asia Pacific is poised to be the fastest growing regional market given huge populations and fast rising disposable incomes in countries like China and India leading to greater spend on aesthetic services. Latin America also represents an attractive opportunity presenting significant untapped potential.
Key players operating in the mesotherapy market are Bunge Limited, Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, Tyson Foods, Inc.,JBS S.A.,Darling Ingredients Inc.,IOI Corporation Berhad, Ventura Foods, LLC,BRF S.A., Ajinomoto Co., Inc., Premium Vegetable Oils Sdn Bhd, AAK AB, Conagra Brands, Inc., and Richardson International Limited. While these large firms dominate global supplies of key ingredients, consolidation is ongoing as companies seek scale and synergies across the value chain.
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