India Skincare Market:
Growth Opportunities in the India Skincare Market look promising over the next six years. This is mainly due to the strong demand for skincare products, the rising disposable income, increasing awareness associated with several skin care products, followed by the growing working populations.
India Skincare Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The significant factors contributing to the growth of the India Skincare market include the strong demand for skin care products and the rising disposable income. The increasing awareness associated with several skincare products, followed by the growing working populations, will further surge the growth of the India skincare market size. Furthermore, the consumers are concerned about skin care due to rising skin issues, and a busy lifestyle will further boost the market’s growth.
The easy availability of a large range of products for several issues regarding wrinkles, anti-aging, sun protection, dark spots, among others, will aid to fuel the demand for skincare products among Indian consumers. The leading organizations are utilizing aggressive marketing strategies and are increasingly investing in research and development activities for launching herbal and natural skin care products to fulfill consumer demands. For example, the emergence of the COVID-19 pandemic has bolstered the demand for skincare products like face moisturizers and face masks to handle their skin during the pandemic. According to the India skincare market outlook, the use of harmful ingredients in skin care products can cause skin allergies, and other inflammations will hinder the growth of the market.
Product Segment Drivers
Based on the product, the face moisturizer is projected to rise at a higher CAGR in the coming years due to the rising demand for moisturizing cream, which aids in decreasing acne scars, age spots, and freckles. Moreover, the strong demand for skin brightening cream, sun protection cream, and anti-aging cream among consumers will further support the growth of the market.
Gender Segment Drivers
Based on gender, the female is expected to rise at a faster CAGR in the coming years due to the growing spending power on skincare products and the growing working population. In addition to this, the high adoption of several skincare products for enhancing their appearance among females will further accelerate the market growth.
Concern Segment Drivers
Based on the concern, anti-aging is projected to dominate the market in the coming years due to the growing concern associated with appearance and beauty among consumers. Anti-aging creams offer exceptional advantages that include deceasing puffiness, firming the skin, and aid in renewing skin elasticity. All these factors are expected to drive the growth of the market.
India Skincare Market’s leading Manufacturers:
- Hindustan Unilever Limited
- The Himalaya Drug Company
- Emami Limited
- Johnson & Johnson (India) Ltd
- Oriflame India Private Limited
- Amway India Enterprises Private Limited
- Lotus Herbals Limited
- Loreal S.A.
- Procter & Gamble Home Products Private Limited
- Estée Lauder, Inc.
India Skincare Market Segmentation:
Segmentation by Product:
- Face Moisturizer
- Cleansers & Toner
- Body Care
Segmentation by Gender:
Segmentation by Concern:
- Skin Brightening
- Sun Protection
Segmentation by Distribution Channel:
- Hypermarket/ Supermarket
- Specialty Stores
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