Press release
India Skincare Market 2024: A Valuation of USD 17.1 Billion Predicted by 2032
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.80% (2024-2032)
Market Size in 2023: USD 8.4 Billion
Market Size in 2032: USD 17.1 Billion
The India skincare market is experiencing robust growth, driven by rising consumer awareness, premium product demand, and natural ingredient preferences. According to the latest report by IMARC Group, the market size reached USD 8.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 17.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.80% during 2024-2032.
India Skincare Market Trends and Drivers:
The India skincare market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the growing attention of customers to skincare routines as well as awareness of personal grooming. Besides this, demand for skincare products, particularly among urban and younger groups, has been considerably increased by rising disposable incomes, social media, and celebrity endorsements.
In line with these factors, the shift towards natural and organic skincare products, driven by consumer preference for chemical-free and sustainable solutions, is shaping the India skincare market. Additionally, climate-induced skin issues, as well as a heightened focus on sun protection, are also driving the demand for specialized products like moisturizers, sunscreens, and anti-aging creams.
A key trend in the India skincare market is the rapid innovation and diversification in product offerings, including customized and gender-specific skincare solutions. Moreover, technological advancements, such as AI-based skin analysis tools and personalized beauty apps, are enhancing consumer engagement and encouraging informed purchasing decisions. In addition to these factors, the rise of e-commerce platforms has significantly expanded access to skincare products, even in Tier-2 and Tier-3 cities, boosting market growth.
Furthermore, domestic and international brands are increasingly incorporating Ayurveda and herbal ingredients into their product lines to appeal to the Indian consumer base. Apart from this, the rising health consciousness and the adoption of skincare as part of holistic wellness are anticipated to drive market growth. Consequently, the combination of these factors is expected to propel the expansion of the India skincare market in the coming years.
Request for a sample copy of this report: https://www.imarcgroup.com/india-skincare-market/requestsample
India Skincare Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Category:
• Body Care
• Facial Care
• Hand Care
• Others
Breakup by Ingredient Type:
• Natural
• Chemical
Breakup by Gender:
• Male
• Female
• Unisex
Breakup by Distribution Channel:
• Offline
• Online
Breakup by Region:
• North India
• West and Central India
• South India
• East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21035&flag=C
Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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