India Cosmetics Sector Analysed by Bonafide Research & Marketing in Topical Research Report Published at MarketPublishers.com09 Oct 2015 • by Natalie Aster
LONDON – With the changing lifestyles and an upsurge in living standards, the demand for cosmetic products such as general mass and specialised skin brightening products, body moisturisers and lotions, anti-acne creams, sun protection products is growing at a rapid pace, thereby propelling the growth of the domestic cosmetic market.
The Indian cosmetic market grew at 17.06% CAGR over 2009-2014. The hair care segment accounts for the majority of the market share, with the oral care, skin care, fragrance and color cosmetic segments following after. Hindustan Unilever Limited (HUL) takes the lead in the country’s cosmetic industry owing to its broad product portfolio in every segment.
Fast growth of the fragrance segment of the industry is attributed mainly to the emergence of functional products with such characteristics as perfumes and deodorants. The deodorant segment dominates the market whilst the perfume segment alongside its innovations is expanding rapidly. The fragrance market in India is one of the largest in terms of consumption, production, imports, and it is in the process of taking off as more and more young people wear a fragrance in the form of deodorants and perfumes. Firmenich, Givaudan and IFF are market leaders in the organised fragrance market.
Topical study “India Cosmetics Market Outlook, 2021” elaborated by Bonafide Research & Marketing provides an up-close review of the Indian cosmetics market, providing detailed analysis of each of its segments by covering the market size data (by value), market shares (by company, segment, and by region), as well as market outlook including market value and market share data (by end-user, segment, company, product category, type). Insights into the country’s economic landscape are provided. The research publication presents an analysis of raw materials, examines the rate of market penetration, offers a PEST analysis of the industry, describes the policy and regulatory environment, analyses the trade dynamics, and presents channel partner analysis. The report reviews the market dynamics, scrutinises key market growth drivers and restraints, and discusses major developments and trends in the marketplace. Furthermore, the study analyses the competitive scenario and profiles the 10 leading companies. Detailed forecasts of the market up to 2021 are available, too.
India Cosmetics Market Outlook, 2021
Published: October, 2015
Price: US$ 2,000.00
More studies by the publisher can be found at Bonafide Research & Marketing page.