India Skincare Market Outlook, Industry Size, Growth Factors, Investment Opportunity 2024-2032
IMARC Group, a leading market research company, has recently releases report titled “India Skincare Market Report by Category (Body Care, Facial Care, Hand Care, and Others), Ingredient Type (Natural, Chemical), Gender (Male, Female, Unisex), Distribution Channel (Offline, Online), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India skincare market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Skincare Market?
India skincare market size is projected to exhibit a growth rate (CAGR) of 7.80% during 2024-2032.
| Report Attribute | Key Statistics |
|---|---|
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Growth Rate (2024-2032) | 7.80% |
India Skincare Market Trends and Drivers:
The increasing disposable income that is inclining consumers to adopt personal care routines among the population of India is one of the factors responsible for the growth of the India skincare market. Additionally, there is an escalating need for skincare, as consumers are becoming more conscious of their skin health and appearance, that offers various benefits such as anti-aging, moisturizing, and sun protection, which is fueling the market. Besides this, the influence of global beauty trends, facilitated by social media and digital marketing, has exposed consumers to a wider range of products and regimes, further bolstering the expansion of the market. Moreover, the entry of international brands into the market in the country, along with the rise of home-grown companies that cater to local preferences and skin types, has made high-quality skincare more accessible and appealing.
The shift towards organic skincare products is a significant trend within the Indian market, reflecting a broader global move towards sustainable and chemical-free ingredients. In addition to this, consumers across India, particularly the younger demographic, are increasingly seeking products with ayurvedic ingredients and those free from harmful chemicals, in line with their growing environmental and health consciousness, which is acting as another growth-inducing factor. Brands are also responding by integrating traditional herbs of India and practices with modern formulations to create innovative and appealing products. Furthermore, the rise of e-commerce programs has made it easier for consumers to explore, evaluate, and purchase skincare products, significantly broadening the reach of both established and new brands, which is anticipated to drive the India skincare market over the forecasted period.
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Key Report Segmentation:
The report is organized into distinct sections as follows:
Category Insights:
- Body Care
- Facial Care
- Hand Care
- Others
Ingredient Type Insights:
- Natural
- Chemical
Gender Insights:
- Male
- Female
- Unisex
Distribution Channel Insights:
- Offline
- Online
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21035&flag=C
Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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