India Beauty and Personal Care Market Expected to Hit a Valuation...

India Beauty and Personal Care Market Expected to Hit a Valuation of USD 46.6 Billion During 2024-2032

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Posted 2024-08-28 08:37:30

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Beauty and Personal Care Market - India

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.6% (2024-2032)

Market Size in 2023: USD 28.0 Billion

Market Size in 2032: USD 46.6 Billion

India's Beauty and Personal Care Market is rapidly growing, driven by rising consumer demand and evolving product trends. According to the latest report by IMARC Group, The market reached USD 28.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 46.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

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India Beauty and Personal Care Market Trends and Drivers:

Definition: Refers to a wide range of products and services designed to enhance personal grooming, hygiene, and appearance.

Products Included:
- Skincare products
- Cosmetics
- Hair care products
- Fragrances
- Bath and body products
- Grooming tools
Purpose:
- Cleanse, moisturize, nourish, and beautify the skin, hair, and body.
- Help maintain overall well-being and self-confidence.

Beauty and Personal Care Services

Services Offered:
- Spa treatments
- Hairstyling
- Makeup application
- Grooming services
Benefits:
- Professional assistance in achieving desired beauty and wellness goals.
- Provides a holistic approach to personal care and self-expression.

Market Drivers in India

Economic Factors:
- Rapidly expanding middle class.
- Increasing disposable incomes.
- Changing lifestyles.
Consumer Behavior:
- Increased health-consciousness and appearance orientation.
- Demand for high-quality skincare, haircare, and cosmetic products.
Influence of Social Media:
- Celebrity endorsements.
- Digital marketing campaigns.
- Shaping consumer preferences.
- Driving awareness and demand for beauty and personal care brands.

E-commerce and Accessibility

Online Shopping:
- Rise of online shopping platforms and e-commerce channels.
- Increased accessibility of beauty products across India.
- Impact on rural and semi-urban areas.

Trends and Market Expansion

Organic and Natural Products:
- Growing trend towards organic, natural, and Ayurvedic beauty products.
- Consumer preference for products made from natural ingredients, free from harmful chemicals, and with sustainable packaging.
- Reflects increasing awareness of health and environmental concerns.
Professional Services:
- Proliferation of beauty salons, spas, and wellness centers in urban and metropolitan cities.
- Fueling demand for professional beauty and personal care services.

India Beauty and Personal Care Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Vegan
Organic
Inorganic

Breakup by Product:

Skincare/Sun Care
Hair Care
Makeup and Color Cosmetic Products
Deodorants/Fragrances
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Pharmacies and Drug Stores
Online Stores
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4210&flag=C

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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