Cosmetics Industry in India 2023

Cosmetics Industry in India 2023

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 various substances and products that are used for enhancing beauty, concealing imperfections, and promoting hygiene. They comprise a wide variety of makeup products, such as foundation, concealer, eyeshadow, blush, contour, bronzer, setting powder, compact, eyeliner, mascara, and lipstick, which are manufactured to complement various skin tones and types. They also consist of numerous skin care products, including cleansers, moisturizers, serums, creams, face packs, toners, and sunscreen, which promote healthy skin by addressing issues like dryness, acne, and aging. They include various hair care products, such as shampoos, conditioners, hair serums, hair masks, styling components, and heat protectant sprays, which maintain the health and appearance of hair and prevent the occurrence of scalp infection. They also encompass perfumes, colognes, and body sprays that provide pleasant scents to the body and prevent body odors. They are often used to improve aesthetics, boost self-confidence, create illusions, and provide a polished look for various occasions. They allow individuals to experiment with colors, styles, and techniques. They are also used to create a desired appearance, which involves adding color to the lips and cheeks, making the eyes stand out, and covering blemishes. Furthermore, as cosmetics help to improve skin texture and prevent acne, their demand is rising in India.

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What are the growth prospects and trends in the industry?

At present, the increasing demand for cosmetics containing various active ingredients, such as alpha arbutin, salicylic acid, lactic acid, glycolic acid, niacinamide, hydronic acid, and retinol to address various skin concerns, represents one of the vital factors impelling the growth of the market in India. Besides this, the rising emergence of e-commerce skin and hair care brands selling a wide variety of products, customizing them according to the specific needs of customers, and delivering them to their doorsteps are supporting the growth of the market. In addition, the growing integration of augmented reality (AR) and virtual reality (VR) technologies into business models for virtual try-ons and personalized product recommendations, enhancing the online shopping experience of customers, is offering a favorable market outlook in India. Apart from this, the increasing popularity of haircare products consisting of ayurvedic properties and manufactured with botanical extracts and other natural ingredients is contributing to the growth of the market. Additionally, the rising popularity of inclusive beauty and the celebration of diverse beauty standards is strengthening the growth of the market in the country. Moreover, the increasing number of social media influencers sharing beauty content, makeup tutorials, and product recommendations through various social media platforms is bolstering the growth of the market in India.

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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
• Others

Category Insights:

• Conventional
• Organic

Gender Insights:

• Men
• Women
• Unisex

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Pharmacies
• Online Stores
• Others

Regional Insights:

• South India
• North India
• West and Central India
• East India
Competitive Landscape:

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.

Also Browse Latest Related Report 2023-2028:







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This release was published on openPR.


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