How big is the Cosmetics Industry in India?
IMARC Group, a leading market research company, has recently releases report titled “India Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The India cosmetics market size is projected to exhibit a growth rate (CAGR) of 6.78% during 2023-2028.
What is Cosmetics?
Cosmetics refer to products used on the body to enhance and modify an individual’s physical appearance. They include a wide range of skincare items like cleansers, moisturizers, serums, toners, and face masks. These products are carefully formulated to be compatible with various skin types, minimizing the risk of irritation and allergic reactions. Cosmetics are available in multiple forms, including powders, creams, lotions, gels, serums, and sprays. They serve various purposes, such as concealing blemishes, scars, and imperfections, accentuating natural beauty, and highlighting desirable features. Additionally, cosmetics create a protective barrier against environmental factors like ultraviolet (UV) rays, and they also play a role in hydrating and nourishing the skin. As a result, there is a growing demand for cosmetics in India.
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What are the growth prospects and trends in the industry?
The rising income levels of individuals in India are a significant driver of the increased demand for cosmetics and personal care products. Additionally, consumers in the region are increasingly drawn to cosmetics that incorporate natural and herbal ingredients. The continuous introduction of innovative products by leading brands, tailored to address specific skin types, concerns, and desired effects, is contributing to a positive market outlook. Furthermore, consumers’ growing reliance on social media platforms and fashion and beauty vlogging channels is having a positive impact on the market. Moreover, the availability of products through online distribution channels is further fueling market growth.
E𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/india-cosmetics-market
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
• Skin and Sun Care Products
• Hair Care Products
• Deodorants and Fragrances
• Makeup and Color Cosmetics
Distribution Channel Insights:
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores
• South India
• North India
• West and Central India
• East India
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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This release was published on openPR.