Highest Demand for Personal Care Appliances in India Is Registered in Hair Care Sector, Says Bonafide in Its Report Available at MarketPublishers.com
07 Apr 2017 • by Natalie Aster
LONDON – India ranks the 2nd most populous country (after China) worldwide, with the country’s population number reaching 1.34 billion. However, the country has the biggest youth population: nearly 356 million people 10-24 years old. Owing to this fact, India presents lucrative opportunities for the development of the personal care appliances market, which is primarily driven by young consumers.
During the past several years, the Indian personal care appliances market exhibited marvelous growth. The demand was spurred mainly by increasing living standards, rising disposable incomes of the local population, enhancing emphasis on personal appearance in the country, amid other factors. From 2010 to 2015, the domestic personal appliances market registered growth at a CAGR of more than 24%.
At present, the highest demand is witnessed in the hair care sector. Youngsters from the metro-urban areas present the key consumption group for different hair care as well as hair removal appliances in the country.
Modern retail chains and e-commerce portals are gaining popularity in India at a rapid pace and soon are likely to emerge as the biggest selling channel for various personal care appliances in the country.
Philips and Panasonic are the most prominent players in the Indian personal care appliances market.
Topical research study “India Personal Care Appliances Market Overview” worked out by Bonafide Research & Marketing offers a reliable info on the historical, current and forecast performance of the Indian market for personal care appliances. It offers a detailed guide to the market landscape, contains a granular market segmentation analysis, touches upon the competitive environment, reviews the top players and also sheds light on the market dynamics. Moreover, the study examines the key factors influencing the development of the domestic personal care appliances market and include a comprehensive future outlook with details on key opportunities and challenges.
Visit the Bonafide Research & Marketing page at MarketPublishers.com to find many other in-demand reports prepared by the publisher.