About Cosmetic & Personal Care
The cosmetics and personal care industry is one of the fastest-growing consumer products sectors in India with a strong potential for foreign companies. The personal care and cosmetics sector in India has shown continued strong growth, with increasing shelf space in retail stores and boutiques in India, stocking cosmetics from around the world. The swift growth of the beauty business has not only impacted Indian firms to encourage competition in the space but has also lured numerous international brands to the country. To give an instance, today, India has very few professional make-up lines that can cater to the wide range of salons and professional make-up artists across the country. This gives an opportunity to international professional make-up lines to penetrate into the market. The key factors to successfully enter the beauty and cosmetics market in India include careful understanding and adaptation of Indian skin types and tones and customize products accordingly. During the initial years of entering the market, the volumes of sales are likely to be low while the cost of operations is observed to be high. Gradually the scenario will change as sales are expected to increase.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
The Vendors having a strong hold in the market are Unilever, Colgate Palmolive, The Procter & Gamble Company, Loreal, Godrej Consumer Products. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to India Cosmetic & Personal Care market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Unilever (United Kingdom), Colgate Palmolive (United States), The Procter & Gamble Company (United States), Loreal (France), Godrej Consumer Products (India), Dabur India (India), Johnson & Johnson (United States), Oriflame Holding AG (Switzerland), Avon Products Inc. (United Kingdom) and The Estee Lauder Companies Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shiseido Company, Limited (Japan), Revlon, Inc. (United States), Marico (India), Wipro Consumer Care & Lighting (India), Emami (India) and Patanjali Ayurved (India).
Segmentation Overview
AMA Research has segmented the market of India Cosmetic & Personal Care market by Type (Hand Care, Color Cosmetics, Face Care [Fairness, Male Shaving, Cleansing, Lip Care, Foundation, Other Creams], Hair Care [Oil, Shampoo, Conditioner] and Body Care [Toilet Soaps, Deodorants, Lotions, Derma, Sunscreen, Body Wash]) and Region.
On the basis of geography, the market of Cosmetic & Personal Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Geographical Segmentation, the sub-segment i.e. Rural will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age of User, the sub-segment i.e. 0-15 will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Premium will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Retailers will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Higher Spending on Holistic Bridal Solutions such as Year-Long Skin Care Regimes and The Heightened Sense of Individualism in Purchase and Choice among Millennials
Market Growth Drivers:
The growing consciousness about grooming among people of Rural Population and the rural lifestyle and habits have started mirroring urban aspirations and lifestyle
Restraints:
The Lack of Professionally Trained and Skilled Cosmetic & Personal Care
Opportunities:
Increasing the Use of Beauty Devices and technology-infused Products and Services and Consumers opting for At-Home Services as well as Online Buying
The Indian licensing authority for mandatory registration of all cosmetics imported in India is the office of the Central Drugs Standard Control Organization (CDSCO) in the office of the Drug Controller General of India (DCGI). The DCGI’s office administers the Indian Drugs and Cosmetics Act of 1940, which governs the manufacture, sale, import, export, and clinical research of drugs and cosmetics in India.
Key Target Audience
Manufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.