India Skincare Market:
Growth opportunities in the India Skincare Market look promising over the next six years. This is mainly due to the increasing skin problems, expanding R&D activities, and help in improving the texture of the skin from the effects of sun, pollutants.
India Skincare Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Accelerating disposable income along with the augmenting demand for skincare products are the two crucial drivers supplementing the growth of the India Skincare Market. Also, increasing consciousness concerned with these products coupled with the augmenting working population will further strengthen the market size. Moreover, the busy and hectic lifestyle of individuals and the growing incidences of skin problems will stimulate market growth.
In addition, the accessibility of a wide variety of products for different issues related to dark spots, sun protection, wrinkles, and anti-aging will raise the market demand among enormous end-users. Leading companies are employing competitive marketing measures and are increasingly investing in the research and development activities for initiating organic and herbal products to serve the consumer demands. The widespread outbreak of the coronavirus pandemic has positively influenced market growth. This is primarily because of the mounting demand for these products like face masks and moisturizers to sustain their skin during the pandemic. However, the utilization of harmful ingredients causing skin allergies and inflammation may hinder the India Skincare market share.
Gender Segment Drivers
Based on Gender, female is projected to witness a faster CAGR in the market during the forecast period. This is mainly because of the increasing working women population and the escalating expenditure on skin care products. Furthermore, the aggravating acquisition of these products to improve their appearance will further propel the market growth.
Regional Drivers
Based on the product, Face Moisturizer is predicted to dominate the market during the forecast period. This is attributed to their amplifying demand to reduce age spots, acne scars, and freckles. In addition to this, the soaring demand for skin brightening, anti-aging, and sun protection cream among consumers will further boost the market growth.
India Skincare Market’s leading Manufacturers:
- Estée Lauder, Inc.
- Loreal S.A.
- Amway India Enterprises Private Limited
- Johnson & Johnson (India) Ltd
- The Himalaya Drug Company
- Procter & Gamble Home Products Private Limited
- Lotus Herbals Limited
- Oriflame India Private Limited
- Emami Limited
- Hindustan Unilever Limited
India Skincare Market Segmentation:
Segmentation by Product
- Face Moisturizer
- Cleansers & Toner
- Body Care
- Serum
- Others
Segmentation by Gender
- Male
- Female
- Infant
Segmentation by Concern
- Skin Brightening
- Anti-aging
- Sun Protection
- Others
Segmentation by Distribution Channel
- Online Stores
- Specialized Stores
- Hypermarket/ Supermarket
- Others
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