Skin Care Products Market in India 2020: L’Oreal India Private Limited, Nivea India Private Limited, Hindustan Unilever Limited

A qualitative research study accomplished by HTF MI titled “Skin Care Products Market covers detailed Product / Industry Scope, current and future market size scenario and elaborates outlook and status to 2025” provides primary data, studies and vendor briefings. The market Study is segmented by key regions along with country level break-up which is accelerating the marketization and by products type, application/end-users. The research study provides estimates for Skin Care Products forecast till 2025. Some of the Major Players Emami Limited, Hindustan Unilever Limited, Procter & Gamble Hygiene and Health care Limited, Amway India Enterprises Private Limited, Lotus Herbals Private Limited, Nykaa E-retail Private Limited, The Himalaya Drug Company , Johnson & Johnson Private Limited , L’Oreal India Private Limited , Nivea India Private Limited.

Get Free Sample Report + All Related Graphs & Charts @:https://www.htfmarketreport.com/sample-report/2577607-skin-care-products-market-1

Summary
Owing to rising skin problems such as hyperpigmentation and acne, concern among people about skin health has increased over time, and they are investing handsomely in skin care products. Demand for products made of natural ingredients like sea salts, seaweed extracts and other mineral-rich ingredients that help address skin problems, has picked up in the country.

Market insights:
The skin care products market in India was valued at INR 112 Bn in 2019, and is expected to reach INR 197 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~10.16%, during the forecast period (2019-2025). The rise in disposable income, increased female participation in the workforce, escalating skin problems resulting from high levels of pollution, and growing concern over skin health are the major factors driving market growth. Due to increased sense of self care, men are also indulging in skin care products, allowing FMCG giants to launch skin care brands exclusively for men. A number of players in the skin care products market like Nivea and L’Oreal are coming up with innovative products like specialized anti-aging creams, separate night and day creams, anti-wrinkle creams and sunscreens ranging from SPF 15 to 150, leading to market expansion.

Market segment insights:
Based on product type, the skin care products market is segmented into face care, body care, sun care and other skin care products. In 2018, the face care products segment held the largest market share (~57%), followed by the body care (~29%), the sun care and other skin care products segments. Major brands operating in the skin care products segments are Fair and Lovely, Pond’s, Boroplus, Fair and Handsome, Garnier, Neutrogena, Clean and Clear, and Olay.

Key growth drivers of the market:
• The purchasing power of women has increased due to a rise in the number of working women, specifically in tier I cities. Increase in the disposable income of women has resulted in escalated demand for skin care products, which is propelling the growth of the market.
• Rise in stress levels, exposure to dust and pollution, and long hours in air-conditioned environments have led to increased skin problems like pigmentation, acne, pimples and sunburns. Therefore, demand for remedial skin care products like sunscreen lotions, whitening creams, and moisturizing creams has picked up. This is a major driver of the skin care products market.

Key deterrents to the growth of the market:
• Consumers in India tend to switch brands if products of similar quality are available at lower price points. Though brand awareness is high among Indian consumers, however, they still switch brands frequently and have low brand loyalty, which presents a challenge for the companies operating in this market. Factors like quality, price, allergic reactions, recommendations, ineffectiveness of products, and unavailability of products, sales and marketing of other brands are encouraging consumers to explore other skin care brands.
• Sale of counterfeit products available online is on the rise because they are inexpensive, which works in favour of India’s price sensitive consumers. Counterfeit products are raising significant legal concerns for manufacturers, distributors and retailers, along with affecting consumers’ well-being. Hence, counterfeit skin care products are a threat to the growth of the market.

Competition analysis:
Consumers tend to purchase skin care products based on the quality and reputation associated with a brand. Therefore, to gain high sales volume and revenue in the skin care market in India, a company needs to develop a strong brand identity, which is a difficult task for any new entrant. Several domestic and international players dominate the skin care market in India. These players often compete in terms of price and quality, therefore creating a price advantage for customers.

Companies covered:
• Emami Limited
• Hindustan Unilever Limited
• Procter & Gamble Hygiene and Health care Limited
• Amway India Enterprises Private Limited
• Lotus Herbals Private Limited
• Nykaa E-retail Private Limited
• The Himalaya Drug Company
• Johnson & Johnson Private Limited
• L’Oreal India Private Limited
• Nivea India Private Limited

To know more about the table of contents, you can click @ https://www.htfmarketreport.com/reports/2577607-skin-care-products-market-1

Furthermore, the years considered for the study are as follows:
Historical year – 2013-2018
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]

**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

Major Key Features Covered in Skin Care Products Market Report:

* To gain insightful analyses of the market and have comprehensive understanding of the Skin Care Products and its commercial landscape.
* Assess the Skin Care Products production processes, major issues, and solutions to mitigate the development risk.
* To understand the most affecting driving and restraining forces in the Skin Care Products and its impact in the global market.
* Learn about the market strategies that are being adopted by leading respective organizations.
* To understand the future outlook and prospects for Skin Care Products Market.

Buy Latest Edition of the Research @ https://www.htfmarketreport.com/buy-now?format=1&report=2577607

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
Connect with us at LinkedIn | Facebook | Twitter

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

This release was published on openPR.