India Skincare Dermacosmetics Industry Analysis, Growth, Development and Demand Forecast to 2030

A number of factors such as the soaring focus of people on physical appearance, growing penetration of e-commerce platforms, and rising incidence of skin diseases will help the Indian skincare dermacosmetics market grow at an exceptional CAGR of 10.2% during 2021-2030. The market was valued at $188.2 million in 2021, and it is projected to generate $449.6 million revenue by 2030. The industry growth can be attributed to the surging number of dermacosmetics conferences and the increasing use of personal care products by teenagers of the country.

The increasing focus of the Indian populace on physical appearance to boost their confidence will propel the demand for dermacosmetic products in the country. To improve their physical outlook, people are heavily investing in skincare products to reduce aging signs, fine lines, wrinkles, and acne. In contemporary times, teens of the country are also spending heavily on skincare products to maintain and brighten their skin. The increasing use of such products by this age group can be attributed to the high popularity of e-commerce platforms among them.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/india-skincare-dermacosmetics-market/report-sample

In recent years, the surging number of product approvals and product launches has become a prominent trend in the Indian skincare dermacosmetics market. For example, Galderma SA received the FDA approval for Restylane Lyft, a hyaluronic acid derma filler, in May 2018. This product is used to treat age-related losses of muscles in the hands. In the same vein, Clinique Laboratories LLC introduced its new range of skincare products under the Clinique iD brand, in November 2018. The brand offers a customized hydration system, which is an ideal solution for treating wrinkles, fine lines, and oily skins.

The acne category, within the application segment, accounted for the largest share in the Indian skincare dermacosmetics industry in 2021, due to the vast youth population and the presence of a large demographic range opting for acne treatment in the country. Additionally, the mounting disposable income of people will also boost the market growth in this category. On the other hand, the skin repair category will display the fastest growth in this decade, owing to the surging public awareness about skin damage control through dermacosmetic products, such as cleansers, serums, and toners.

At present, the Indian skincare dermacosmetics industry is fragmented, due to the presence of numerous key players, such as Piramal Enterprises Limited, Cadila Pharmaceuticals Limited, Galderma SA, Torrent Pharmaceuticals Ltd., Abbott Laboratories, NAOS, Johnson & Johnson, Galderma SA, Cadila Healthcare Ltd. (Zydus Cadila), and Dr. Reddy's Laboratories Ltd. The prime focus of these players is product launches, as it helps them attain a significant position.

Browse full report at: https://www.psmarketresearch.com/market-analysis/india-skincare-dermacosmetics-market

According to P&S Intelligence, the northern region will account for the largest share in the Indian skincare dermacosmetics market throughout this decade. This will be on account of the increasing availability of skincare products and the strong presence of international brands in the region. In addition, the growing focus of people of tier-1 and tier-2 cities on achieving physical well-being through natural, anti-aging, organic, and anti-pollution skincare products. Moreover, the presence of developed cities such as Chandigarh and Delhi-NCR also supports the market growth in the northern part of the country.

Thus, the rising public awareness about the improved physical outlook and the growing proliferation of e-commerce platforms will fuel the market growth in the forthcoming years.

Browse more reports:

Dermacosmetics Industry Report - https://www.psmarketresearch.com/press-release/dermacosmetics-market

Skincare Devices Industry Report - https://www.psmarketresearch.com/press-release/skincare-devices-market

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://healthcarefuturetrends.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.