Anti-aging industry set to hit $114-billion

Caitlin McCormack
April 10, 2012

People spend a lot of money each year in the quest of eternal youth and beauty, and that number is only going to get bigger as younger people hope to stave off the aging process.

According to an infographic posted on TermLifeInsurance.org, the value of the industry in 2011 was estimated at $80-billion, and is set to reach $114-billion by the year 2015 if current trends continue.

Some of the highlights include:

- Women spend $330 annually on hair colour treatments

- Following a Consumer Reports investigation, most wrinkle creams, eye creams and wrinkle serums were found to have little effect

- Over five million Botox injections were given in 2011, making it the most common anti-aging procedure. Thigh lift was one of the least common procedures with just under 10,000 performed in 2011.

See the infographic below for a more detailed breakdown of the types of anti-aging procedures being performed, and just how people are spending their beauty dollars.

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Via: Term Life Insurance Resource

Do you spend money on anti-aging products or procedures? Share your thoughts in the comments below.

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