India Skincare Market Size Worth USD 17.1 Billion by 2032 | CAGR: 7.80%: IMARC Group
India Skincare Market Overview
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 growing rapidly, driven by increasing awareness, demand for natural products, and digital retail expansion. 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 experiencing significant growth driven by an increasing consumer preference for natural and organic products, as awareness about health and well-being rises. The demand for skincare products made from natural ingredients like herbs and essential oils is expanding, fueled by concerns over the harmful effects of synthetic ingredients.
In addition, the growing middle-class population and rising disposable incomes are driving the demand for premium skincare solutions targeting anti-aging, skin brightening, and dermatological issues. Social media influence has also contributed to the shift towards preventive skincare.
Another key factor propelling market growth is the adoption of advanced technologies and innovative formulations. Leading brands are increasingly offering personalized skincare products tailored to individual needs, further boosting market demand.
The rise of e-commerce has expanded market access, allowing consumers to explore a wider range of products and brands. Additionally, there is growing demand for cruelty-free and eco-friendly packaging, aligning with global sustainability trends. Urbanization, better access to dermatology services, and the increasing awareness of skincare are expected to further fuel the market’s growth in the coming years.
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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.
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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.
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