OLB Group Inc (OLB)

[stevo51]

There is a booming market for cosmetic and health-related services, as studies show the number of Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2.5 trillion by 2010. According to a report from market research company Global Industry Analysts the market for anti-aging products is predicted to reach $115.5 billion by 2010.


The report further notes that both changes in lifestyle and grooming practices are occurring amongst consumers in an attempt to fight against aging and to minimize its visible effects. This is leading to an increase in spending on anti-aging products, which in addition to an ever younger consumer base, result in improved market opportunities.


Also according to the report, younger consumers - those aged between 25 and 30 - are progressively more interested in anti-aging products, particularly topical skin treatments.