Typically is starts in the laet to mid 30's for competitive runners. The reason(s) are simple. It takes longer to recover and most competitive runners do not realize this right away, so they still go out for 12x hill repeats, when they should change it to 8 or 10 after age 35 or 40.
I'm 53 and was able to break 16 min in the 5k until 41. Then, I was able to break 16:30 until 47 or 48. Anyway, it's been like that. When I was 52, I tried to break 17 in a flat 5k. My time was 16:57, the official time was 17:01. Oh well.
It is just something you deal with.
The real shocker?
When I was running 15:10-:30, I wasn't even getting any trophies for my age group 30-39.
now, at 53, and much slower, I would trophy for almost every age group under me at over 50% of the races I run.
It's become pathetic. Fatter, slower and bigger whiners.