IMARC Group, a leading market research company, has recently releases report titled “India Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The study provides a detailed analysis of the industry, including the cosmetic industry in India, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The India cosmetics market size is projected to exhibit a growth rate (CAGR) of 6.1% during 2024-2032. The rising disposable income of consumers, the rapid expansion of the retail sector, growing awareness regarding skincare routines, and the increasing investment in the development of advanced cosmetics products represent some of the key factors driving the market.
What is Cosmetics?
Cosmetics are products applied to the body to enhance and alter the physical appearance of an individual. They encompass numerous skincare products, including cleansers, moisturizers, serums, toners, and face masks. They are designed to be compatible with different skin types, which ensures minimal irritation and allergic reactions. They are available in various forms, such as powders, creams, lotions, gels, serums, and sprays. They help cover blemishes, scars, and other imperfections, enhance and highlight natural beauty, and accentuate desirable features. They provide a protective barrier against environmental factors, such as ultraviolet (UV) rays. Besides this, as they aid in hydrating and nourishing the skin, the demand for cosmetics is increasing across India.
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What are the growth prospects and trends in the industry?
The growing income levels of individuals in India represent one of the key factors catalyzing the demand for cosmetics and personal care products. Additionally, the increasing preference of consumers for cosmetics infused with natural and herbal ingredients is attracting a wider consumer base. Apart from this, various leading brands are continuously launching innovative products that cater to specific skin types, concerns, and desired effects, which is offering a favorable market outlook. Furthermore, the rising consumer reliance on social media platforms and fashion and beauty vlogging channels is positively influencing the market. Moreover, the availability of products across online distribution channels is propelling market growth.
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.
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