The Indian Cosmetics Market was valued USD 13191.23 Million in FY2020 as well as is forecast to grow at double digit CAGR of 16.39% with FY2026 to get to USD 28985.33 Million by FY2026. Anticipated development in the market can be attributed to growing disposable revenue resulting in increasing purchasing power of the people. Introduction of on the internet retail and also increasing disposition of youth towards skin care and various other grooming products is one more essential aspect which is anticipated to drive the cosmetics market during the forecast duration. Moreover, climbing customer recognition and also choice to purchase innovative skin treatment products which not only make them look gorgeous yet additionally enhance their skin type is also causing substantial demand for cosmetics items.
Boosting need for herbal cosmetic items amongst Indian consumers is also producing a large growth possibility for producers. Increasing recognition towards body visual appeals, especially among women is making India one of the largest consumers of cosmetic products around the globe.
The Indian Cosmetics Market is categorized based upon group, distribution network and also competitors. Based on group, the market is classified into body care, hair treatment, color cosmetics, men's grooming, fragrances, others. Body care products that include products such as hand cream, body lotion, to name a few led the market with share of 45.01% in FY2020 as well as the fad is anticipated to proceed in the coming years too.
Some of the leading players operating in the Indian Cosmetics Market are Lotus Herbals Pvt. Limited, L'Oréal India Pvt. Ltd., Oriflame India Private Limited, Emami Ltd., Marico Ltd., Nivea India Pvt. Ltd., Dabur India Limited, Godrej Customer Products Ltd., Procter & Wager Home Products Private Limited, and also Hindustan Unilever Limited, among others. Leading business are working on bring more cutting-edge products which fits the need of the consumers. Additionally, they are using up other growth strategies like merging and also acquisitions to boost their market share.
Years thought about for this report:
Historic Years: FY2014-FY2019
Base Year: FY2020
Approximated Year: FY2021
Forecast Period: FY2022-FY2026
Objective of the Research:
To analyze and also forecast the market dimension of the Indian Cosmetics Market.
To specify, classify as well as forecast the Indian Cosmetics Market based on category, distribution network and also company.
To determine tailwinds and also headwinds for the Indian Cosmetics Market.
To purposefully profile the leading gamers, which are involved in the procedure of the industry in the country.
The publisher done key as well as extensive second study for this research. Initially, the publisher sourced a list of cosmetics producers and distributors in India. Subsequently, the publisher performed main research study surveys with the determined companies. While interviewing, the participants were additionally enquired about their competitors. With this method, the author had the ability to consist of makers that can not be determined as a result of the constraints of additional research. The publisher analysed product offerings, circulation network and regional visibility of all significant firms in the industry.
The publisher calculated the market dimension for the Indian Cosmetics Market by using a bottom-up technique, in which makers' worth data for different sort of cosmetics was taped in addition to forecast for the future years was made. The publisher sourced these worths from the market professionals and also company reps, and externally verified via assessing historic sales data of respective suppliers to come to the overall market dimension. Various additional sources such as firm annual reports, white papers, capitalist presentations and economic reports were likewise researched.
Secret Target Market:
India cosmetics market firms
Research companies and also speaking with companies
Organizations, organizations as well as partnerships related to the Indian Cosmetics Market and cosmetics market
Government bodies such as controling authorities as well as policymakers
Sector organizations
The study works in offering response to several essential concerns that are necessary for the industry stakeholders, such as producers, representatives, suppliers as well as policymakers, about which market segments must be targeted over cosmetics outlets in coming years to plan investments and take advantage of the growth of the market.
Record Scope:
In this record, the Indian Cosmetics Market has been fractional into adhering to categories, in addition to the sector patterns which have actually likewise been outlined below:
India Cosmetics Market, By Category:
Body Care
Hair Treatment
Color Cosmetics
Fragrances
Men's Grooming
Others
India Cosmetics Market, By Circulation Network:
General Store
Supermarket/Hyper market
Specialty Stores
Online Sales Channel
Others
MAJOR COSMETIC MANUFACTURERS IN INDIA:
COSMETIFY - Leading cosmetic manufacturers in India for skincare, haircare & personal care products.