[Latest] India Cosmetic Market Size/Share Worth USD 18.4

Austin, TX, USA, March 21, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “India Cosmetic Market Size, Trends and Insights By Type (Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Others), By Gender (Men, Women, Unisex), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacies, Online Sales Channel, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of India Cosmetic Market size & share was valued at approximately USD 5.9 Billion in 2022 and is expected to reach USD 8.1 Billion in 2023 and is expected to reach a value of around USD 18.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 3.2% during the forecast period 2023 to 2032.”

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Indian Cosmetic Market: Overview

Cosmetics are constituted mixtures of chemical compounds derived from either natural sources or synthetically. Cosmetics are designed for personal care and skin care used to cleanse or protect the body or skin.

The Indian cosmetics market is witnessing notable trends driven by evolving consumer preferences. The surge in demand for organic and sustainable beauty products, reflects a growing awareness of health and environmental concerns.

Digitalization has spurred online beauty retail, making diverse products accessible to a broader audience. With changing lifestyles post-Covid, consumers seek holistic beauty solutions, contributing to a paradigm shift in product choices.

Additionally, the market sees strategic brand collaborations and expansions, indicating a dynamic and competitive landscape. The convergence of these trends showcases a transformative phase in the Indian cosmetics market, aligning with diverse consumer needs and preferences.

By type, skin and sun care products segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2023-2032. The Indian cosmetics market is witnessing significant trends in skin and sun care products driven by a surge in consumer awareness regarding skin care.

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Increasing concerns about pollution and the harmful effects of UV radiation have propelled the demand for protective and nourishing skincare solutions. Products with natural and organic ingredients, anti-pollution formulations, and UV protection features are gaining prominence Indian cosmetics market.

By gender, women held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2023-2032. Women drive the Indian cosmetics market due to their increasing financial independence, changing societal norms, and a growing emphasis on personal grooming.

The influence of social media and beauty trends has heightened awareness, encouraging women to experiment with a variety of products. This, coupled with a desire for self-expression, has made women key drivers of the cosmetics market, shaping consumption patterns and influencing product preferences.

By distribution channel, specialty stores held the highest market share in 2022. Specialty stores are driving the Indian cosmetics market with notable trends. The rise of experiential shopping, personalized consultations, and exclusive product offerings in these stores caters to evolving consumer preferences.

Additionally, the growing demand for niche and premium beauty brands, coupled with an emphasis on natural products, fuels the popularity of specialty stores. The integration of digital technologies for virtual try-ons and augmented reality experiences enhances the overall shopping journey, contributing to the growth and dynamism of the cosmetics market in India.

By region, the South India cosmetics market is driven by a surge in demand for natural and organic products, heightened beauty consciousness, and an increasing preference for region-specific formulations. The market is witnessing a trend towards personalized beauty solutions, reflecting evolving consumer preferences in this dynamic and diverse region.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 8.1 Billion
Projected Market Size in 2032	USD 18.4 Billion
Market Size in 2022	USD 5.9 Billion
CAGR Growth Rate	3.2% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Gender, Distribution Channel and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Country Scope	India
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the India Cosmetic report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the India Cosmetic report has been modified to include the COVID-19 impact study prior to delivery.)

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Custom Market Insights has comprehensively analyzed India cosmetic market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Indian cosmetic industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

What is the size of the India Cosmetic market and what is its expected growth rate?
What are the primary driving factors that push the India Cosmetic market forward?
What are the India Cosmetic Industry's top companies?
What are the different categories that the India Cosmetic Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the India Cosmetic market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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India Cosmetic Market: Regional Analysis

By region, Indian Cosmetic Market is segmented into South India, North India, West India and East India. South India dominated the India cosmetic market in 2022 with a market share of 35% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

South India significantly influences the Indian cosmetic market due to several factors. The region’s cosmopolitan urban centers, such as Bangalore, Chennai, and Hyderabad, boast a large and diverse consumer base with increasing purchasing power.

South India is known for its inclination towards grooming and beauty, driving a robust demand for a wide range of cosmetic products. Moreover, the cultural importance placed on personal care and appearance in South Indian society contributes to a flourishing cosmetic market. The region’s favourable climate also enhances the need for skincare and beauty products.

Additionally, the presence of numerous beauty and wellness centers, coupled with rising awareness of international beauty trends, propels the market’s growth. South India’s dynamic market dynamics and consumer preferences make it a key driver shaping trends and innovations in the broader Indian cosmetic industry.

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Browse the full “India Cosmetic Market Size, Trends and Insights By Type (Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Others), By Gender (Men, Women, Unisex), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacies, Online Sales Channel, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/india-cosmetic-market/

List of the prominent players in the Indian Cosmetic Market:

Hindustan Unilever Limited
Dabur India Ltd
Marico Limited
Godrej Consumer Products Ltd
Emami Limited
L’Oréal India Pvt Ltd
ITC Limited
Khadi Natural Healthcare Ltd
Biotique
Lotus Herbals Ltd
Himalaya
VLCC Personal Care Ltd
Sugar Cosmetics Pvt. Ltd
MyGlamm
Mamaearth
Colorbar Cosmetics
Nykaa
A.C. Cosmetics
Faces Canada
Lakme
Others

In March 2023, M.A.C. Cosmetics launched Hyper Real Skincare, a skincare line that includes a serum, a cleansing cream and a cleanser, starting from 21 euros. A range that promises hydration, reinforcement of the skin barrier and good make-up hold.

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The Indian Cosmetic Market is segmented as follows:

By Type

Skin and Sun Care Products
Hair Care Products
Deodorants and Fragrances
Others

By Gender

Men
Women
Unisex

By Distribution Channel

Hypermarkets/Supermarkets
Specialty Stores
Pharmacies
Online Sales Channel
Others

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This India Cosmetic Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Key Players in This India Cosmetic Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Market Status of the India Cosmetic Market? What Was the Capacity, Production Value, Cost and PROFIT of the India Cosmetic Market?
What Is the Current Market Status of the India Cosmetic Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of India Cosmetic Market by Considering Applications and Types?
What Are Projections of the India Cosmetic Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is India Cosmetic Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On India Cosmetic Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
What Are Market Dynamics of India Cosmetic Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for India Cosmetic Industry?

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Reasons to Purchase India Cosmetic Market Report

India Cosmetic Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
India Cosmetic Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
India Cosmetic Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
India Cosmetic Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the India Cosmetic market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide India Cosmetic market analysis.

The competitive environment of current and potential participants in the India Cosmetic market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide India Cosmetic market should find this report useful. The research will be useful to all market participants in the India Cosmetic industry.
Managers in the India Cosmetic sector are interested in publishing up-to-date and projected data about the worldwide India Cosmetic market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in India Cosmetic products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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