India Beauty And Personal Care Market To Be Driven By Rising Disposable Income And Changing Lifestyle And Consumption Habits In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘India Beauty and Personal Care Market Price, Trends, Growth, Analysis, Outlook, Report and Forecast 2021-2026’, gives an in-depth analysis of the India beauty and personal care market, assessing the market based on its segments like type and distribution channel. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

● Historical Market Size (2020): INR 54,550 Crore
● Forecast CAGR (2021-2026): 12%

In recent years, rising disposable income has aided the development of India’s beauty and personal care industry. With disposable income, an increasing expectation to look nice among Indian customers, and a growing disposable income, the beauty and personal care industry in India has a golden opportunity to develop exponentially. In terms of growth, cosmetics, fragrance, men’s grooming, and skin care are expected to outperform generic categories. Generic categories such as bath and shower, hair care, and oral care also have a high penetration and are well-established, so growth would be slow.

The COVID-19 pandemic in 2020, as well as the government’s reaction, had a huge effect on the Indian beauty and personal care industry. Lockdown, social distancing, and shielding steps implemented to halt the transmission of the virus had serious economic implications, resulting in a reduction in demand, manufacturing, trading, and the decimation of both inbound and outbound travel and tourism.

Industry Definition and Major Segments

Beauty and personal care refers to the art form that focuses on the appearance and wellbeing of a person’s hair, nails, and skin. Stylists, barbers, manicurists, pedicurists, makeup designers, and educators are all part of the fashion and personal care industry. Experts on makeup and personal care will also work with beauty product companies, assisting with the manufacture and design of beauty products.

Read Full Report with Table of Contents – https://bit.ly/3NXi2zW

Based on type, the industry can be divided into:

Hair Care

• Hair Oil
• Shampoos
• Hair Colorants
• Coconut Oils
• Conditioners

Skin Care

• Face Care
• Body Care
• Sun Care

Oral Care

• Toothpaste
• Toothbrush
• Others

Colour Cosmetics

• Lip Makeup
• Eye Makeup
• Nail Makeup
• Face Makeup
• Others

Fragrances

• Deodorants
• Perfumes

The distribution channels can be divided into the following:

• Grocery Store
• Chemist/Pharmacy
• Large Format Store
• Exclusive/Multi-Brand Outlets
• Direct Sales
• Salons and Spa
• Online

Market Trends

The transformation of consumer shopping patterns has fuelled the rise of the beauty and personal care industry. Based on their buying patterns and frequency, the consumer base has developed in the form of loyalists or experimenters. Daily care goods are mainly bought online due to product standardisation, discounts, and advertisements on various platforms, while mid-premium and premium products are mostly purchased in offline retail shops because customers still trust in the product’s “touch and feel.”
Companies in the cosmetics and personal care industry are likely to face challenges in the coming years as a result of the COVID-19 pandemic. The effect of the lockdown is expected to dampen demand, whilst continuing economic instability would erode consumer sentiment.

Key Market Players

Unilever plc, Colgate-Palmolive Company, The Procter & Gamble Company, L’Oréal S.A., The Estee Lauder Companies Inc., Godrej Group, Johnson & Johnson Services, Inc. and Dabur India Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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