Portland, OR, Nov. 12, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the India skin care products industry generated $2.47 billion in 2017, and is projected to reach $5.03 billion by 2027, portraying a CAGR of 9.5% from 2021 to 2027. The report provides a comprehensive analysis of changing market dynamics, top investment pockets, key segments, value chain, and competitive scenario.
Increase in shelf space in retail storesand boutiques, launch ofeco-friendly products, and aggressive & innovative social media marketing strategies drive the growth of the India skin care products market. Moreover, surge in trend of utilization of skin care products for acne treatments, facial cleansers, face masks, and facial moisturizers supplements the growth. The entry of multinational brands such as L’oréal S.A. and Beiersdorf AG and expansion of male salons present new opportunities in the market.
In-depth analysis of the COVID-19 impact on the skin care products in India Market @ https://www.alliedmarketresearch.com/request-for-customization/7016?reqfor=covid
- The Indian government adopted the approach of lockdown throughout the country to curb the spread of coronavirus. This affected the manufacturing activities of skin care products as factories were shut down. Moreover, R&D activities have been stopped.
- Distribution channels such as supermarkets, boutiques, and online platforms were also closed. This led to a considerable decrease in demand.
- With lockdown restrictions lifted off and distribution channels resuming the sales, the demand will pick up steadily. In addition, boutiques & salons have been opened, which wouldlead to increase in demand.
The report offers detailed segmentation of the Indian skin care products market based on product type, demographics, age group, and distribution channel.
Download Sample Copy Of this Report@ https://www.alliedmarketresearch.com/request-sample/7016
Based on product type, the cream segment accounted for the highest market share in 2017, accounting for more than half of the total share, and is projected to maintain its lead position throughout the forecast period. However, the lotion segment is projected to register the highest CAGR of 9.7% from 2021 to 2027.
Based on age group, the millennial segment contributed to the largest market share in 2017, holding more than half of the total share, and is projected to maintain its dominant share throughout the forecast period. However, the Generation X segment is expected to manifest the highest CAGR of 11.1% during the forecast period.
Based on distribution channel, the supermarket/hypermarket segment contributed to the highest market share, accounting for nearly half of the total share in 2017, and will maintain its leadership status during the forecast period. However, the beauty salons segment is estimated to grow at the highest CAGR of 13.8% from 2021 to 2027.
Send Me Enquire About skin care products in India Industry@ https://www.alliedmarketresearch.com/purchase-enquiry/7016
Leading players of the India skin care products market analyzed in the report includeProcter & Gamble, The Estée Lauder Companies Inc., Patanjali Ayurved Limited, Johnson & Johnson Services, Inc., Emami Limited, Kao Corporation, the Himalaya Drug Company, L’oréal S.A., Unilever Plc., and Beiersdorf AG.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141 International: +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 email@example.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/