A report released by Zion Market Research reported the global anti-aging market was valued at $140 billion in 2015, and is anticipated to grow to $216.52 billion in 2021. The industry’s CAGR is expected to advance at a 7.5% pace from 2016 to 2021. Advancing aging population across the globe is a key driver for the anti-aging market.
Tight regulations have resulted in an introduction to safe and effective anti-aging products and services in the market anticipated to steer the anti-aging market soon. Companies such as Joey New York Inc (OTCMKTS:JOEY), Align Technology, Inc. (NASDAQ:ALGN) and Estee Lauder Companies Inc (NYSE:EL) have gotten in on the potential of this booming market.
In 2014 the worldwide Cosmetics market was valued at $460 billion and is predicted to hit $675 billion by 2020, growing at a 6.4% rate. Skin care products spearhead the market while Oral Cosmetics are the fastest growing market during the market outlook time frame.
One area of the market that is showing massive potential to capitalize on is Botox and facial injectables. According to a report from Transparency Market Research, the North America facial injectables market is anticipated to reach a valuation of US$5.8 billion by the end of 2024…almost tripling in size from just a few years ago!
This presents potential for a first-mover advantage for investors. Some have started to buy shares of a company that is flying under Wall Street’s radar that you need to know about.
Joey New York Inc (OTCMKTS:JOEY) through its wholly owned subsidiary botoxLABB offers aesthetic beauty treatments. The company is looking to execute on a business plan with a proven track record of success that you’ve probably seen in your own city. Their goal is to open new locations of the LABB beauty suites nationwide and to keep adding key players to their team.
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We just saw this with companies like Align Technology, Inc. (NASDAQ:ALGN), the makers of the well-known Invisalign® system just announced on August 3rd that they have expanded their presence in Raleigh, North Carolina. The company is headquartered in San Jose, California and when they first opened their office in Raleigh they only had 14 employees. They now have over 230 employees to date.
JOEY just recently announced on August 8th 2017, they have added key talent to its growing team ahead of their expansion. “We want to set the bar high. It’s important to ensure safety at all times and be compliant at every LABB Suite,” says Joey Chancis, CEO. “We are revenue driven and utilize our low overhead, high margin business model to drive same store sales growth. To maximize growth while ensuring safety and compliance, we have brought on some very talented individuals on both the business side and the medical side.”
(JOEY) has a strong history within the cosmetics industry. It’s product line includes beauty enhancements and skin care treatments that are affordable, health conscious and effective. The company’s mission is to take advantage of the water from tender young green coconuts, mixed with Indian ginseng extract, into their skincare collection.
Rooting back to the early 1990’s the Joey New York brand founded the “instant visible results spa at home concept” and was the innovator of producing products that were considered “the safe alternatives to painful, costly dermatological procedures”, selling beauty products to the prestige market.
(JOEY) has no evolved into one of the fastest growing markets to date. (JOEY)’s LABB focuses on getting rid of unwanted wrinkles by exclusively performing Botox and filler injections.
Botox and dermal fillers are the most popular treatments amid all classes of people and have become the most common aesthetic procedures among consumers. Botox reigns supreme for the market, while dermal fillers segment is positioned above due to the large adoption of a broad range of fillers due to its growing use in many areas.
If we look at the numbers and the opportunity (JOEY) is presenting, it could simply be displayed through spending habits of the target consumer. Overall, women have begun spending between $300-500 billion a year on beauty products. Also, technology advancements like injecting techniques and molecular changes in filler materials have resulted in safe and easy approaches in doing facial injections to patients.
Now imagine if you had the opportunity to invest in (ALGN) in 2012 at around $33 per share. The stock opened Thursday (8/17/17) at $177.90 per share, which would be a 439% return on your investment!
Another example is with cosmetics powerhouse, Estee Lauder Companies Inc (NYSE:EL). In 2012 the stock was trading at a range between $52-54 per share. As of Thursday (8/17/17) (EL) opened at $101.15, resulting in a 87% advance on your investment.
Just think, it took 5+ years to see this type of growth with (ALGN) and (EL). (JOEY) in the last 20 days alone has a seen price per share movement of 188.33% from lows of $0.30 on July 28th to highs on August 9th of $0.865. That’s one of the benefits from investing from the ground floor, that is the potential for HUGE gains in a relatively short period of time.
Since the beginning of the trading week, JOEY has seen a 40% increase from lows on Monday (8/14/17) at $0.45 to daily highs during Thursday morning’s trading session (8/17/17) at $0.63.
With an experienced management team, cutting edge product, and its most recent growth strategy, (JOEY) has the potential to be one of the hottest public beauty and cosmetics companies Wall Street hasn’t discovered yet.
The stage could be set for early investors to take full advantage of one of the biggest opportunity in 2017.
Disclosure: HeraldFinance.com is owned by MAD Media Publishing LLC., a Nevada corporation. (“HF”) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. (“HF”) has not been compensated: an affiliate company of (“HF”) MIDAM VENTURES LLC has been compensated $65,000 by JOEY New York (JOEY) for a period beginning July 31, 2017 and ending August 31, 2017 to publicly disseminate information about JOEY New York (JOEY). We own zero shares. Full Disclaimer Here