According to a new report published by Allied Market Research, titled, “India Skin Care Products Market by Product Type, Demographics, Age Group, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” the India skin care products market size was valued at $2,478.4 million in 2017, and is projected reach $5,033.7 million by 2027, registering a CAGR of 9.5% from 2021 to 2027. The skin care products market in India is experiencing constant growth, owing to increase in shelf space in retail stores and boutiques across the country. Moreover, many multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into the Indian market, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumer.
LIMITED-TIME OFFER ( Till 15th may 2023) – Buy Now & Get Exclusive 15 % Discount on this Report @checkout link :- :- https://www.alliedmarketresearch.com/checkout-final/148896b5b899cb10da70ea9e89e33987
The key players operating in the India skin care products market analysis includes :-
Procter & Gamble
Patanjali Ayurved Limited
The Estée Lauder Companies Inc.
Emami Limited
Johnson & Johnson Services, Inc.
Himalaya Drug Company
Kao Corporation
Unilever Plc
L’oréal S.A
Beiersdorf AG
Various herbal cosmetics brands, including Patanjali Ayurved., Dabur, and Himalaya Herbals are witnessing increase in popularity, owing to rise in inclination of Indian consumers toward natural and herbal skin care products, which significantly contributes toward the growth of the market. Moreover, rise in disposable income, increase in adoption of natural skin care products, and support from government to cosmetic enterprises for local expansion are expected to boost the growth of the market during the forecast period.
With regard to the increasing number and diversity of men’s cosmetic product usage in the Indian market, it appears that Indian men are now using many new facial care products with added vitamins & plant extracts and moisturizing agents, as well as skin care products mixed with vitamin A and vitamin E. Thus, increase in consciousness among men regarding their appearance and personal well-being has augmented the growth of the market.
Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisement along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding skin care products, especially among millennial and generation X consumers of India. In addition, large number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drive the growth of the market.
Request The Sample PDF Of This Report :- https://www.alliedmarketresearch.com/request-sample/7016
The market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. By age group, it is segregated into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.
Key Findings Of The Study
Depending on product type, the cream segment dominated the market in 2017, and is expected to retain its dominance throughout the forecast period.
By demographics, the female segment accounted for highest share in the India skin care products market growth in 2017, and is projected to grow at a CAGR of 9.1% from 2021 to 2027.
On the basis of age group, the millennials segment led the market demand in 2017, and is expected to retain its dominance throughout the India skin care products market forecast period.
As per sales channel, the supermarket/hypermarket led the India skin care products market share in 2017 and is projected to register a CAGR of 7.6% from 2021 to 2027.
Key Market Segments
By Type
– CREAM
– LOTIONS
– OTHERS
By Demographic
– MALE
– FEMALE
By Age Group
– GENERATION X
– MILLENNIAL
– GENERATION Z
By Sales Channel
– PREMIUM SKIN CARE PRODUCTS
– NON-PREMIUM SKIN CARE PRODUCTS
– SUPERMARKET/HYPERMARKET
– SPECIALTY STORES
– DEPARTMENT STORES
– BEAUTY SALONS
– PHARMA & DRUG STORES
– ONLINE SALES CHANNEL
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 :- https://www.alliedmarketresearch.com/request-for-customization/7016
FREQUENTLY ASKED QUESTIONS?
Q1. What is the total market value of the India Skin Care Products Market report?
Q2. What would be the forecast period in the India Skin Care Products Market report?
Q3. Which is the base year calculated in the India Skin Care Products Market report?
Q4. Which are the top companies hold the market share in the India Skin Care Products Market?
Q5. Which is the most influencing segment growing in the India Skin Care Products Market report?
Reasons to Buy This India Skin Care Products Market Report:-
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you’re looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Similar Reports :-
Myanmar Skin Care Products Market
Herbal Toothcare Market
David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn