India Skin Care Market to Double by 2021, Projects SRI in Its Cutting-Edge Research Report Recently Uploaded at MarketPublishers.com03 Oct 2016 • by Natalie Aster
LONDON – Nowadays, the skin care market is recognised as one of the most dynamically growing markets in India. The Indian skin care market growth is spurred by the increasing demand from a diverse consumer base (including women, men and youngsters), who are boosting sales of both domestic mass brands and also promising premium brands.
Facial care products form the leading segment of the country's skin care market.
From 2011 till 2015, the country’s skin care market registered positive growth at a 16.4% CAGR. Furthermore, the Indian skin care market is likely to continue following an upward trend and is expected to double by 2021.
Fairness creams are still the top revenue generating product, but the country’s skin care market is gradually shifting to specialist products such as anti-aging, anti-wrinkle, dark circle removing creams and others.
The luxury skin care sector is predicted to have promising growth prospects in the next five years, due to continuously rising disposable incomes in the country and also enhancing aspirations of consumers.
New research publication “Assessment of the Indian Skin Care Market 2016” elaborated by Smart Research Insights (SRI) contains detailed information (qualitative and quantitative) on the Indian skin care market. It presents an insightful market overview and covers the major market sectors: body care, facial care, hand care, sun care, depilatory skin products, make-up removal products and other skin care products.
The report highlights the country’s market dynamics, investigates the emerging challenges and opportunities, examines the main factors shaping the market, delves into the competitive landscape and gives info on the key market participants (L'Oréal, Beiersdorf AGhas, Hindustan Unilever, Shiseido Company, The Himalaya Drug Company, etc.). The report reviews the recent industry developments, touches upon the most important aspects, discusses the hottest issues and also presents future forecasts for the Indian skin care market through 2020.
Many other in-demand research reports by this publisher are offered in the Smart Research Insights catalogue.