India Skin Care Market (2023-2029) | Growth, Value, Size, Outlook, Analysis, Revenue, Forecast, Industry, COVID-19 IMPACT, Trends, Companies & Share

Topics Covered in the India Skin Care Market

India Skin Care Market report thoroughly covers the market by product type and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Skin Care Market Synopsis

India Skin Care Market is anticipated to grow tremendously in the country in the upcoming years owing to various factors such as increasing per capita income, growing awareness about skin care products, rising population and changing lifestyle. Being aware of skin care, consumers are now shifting their preferences towards organic and herbal ingredients-based skin care products, which will offer opportunities for cosmetic brands to create chemical-free products and earn great profit margins. The emergence of various online platforms such as Amazon, Flipkart and Nykaa also generates an opportunity for market players to increase their presence across different locations.

According to 6Wresearch, the Skin Care Market size in India is estimated to grow at a CAGR of 2.68% during the forecast period 2023-2029 and it will reach US$ 10.98 Billion. With the increasing income level of the population in India, enabling them to spend on premium skin care products manufactured by leading cosmetics companies like L’Oreal SA, Unilever PLC etc., This has enabled them to take better advantage of innovative product offerings available in the market at higher prices than those offered by local manufacturers. The emergence of e-commerce platforms such as Amazon and Flipkart along with offline retail channels such as departmental stores have helped consumers access a spectrum range of skin care products from leading international cosmetic companies easily. Nevertheless, the market has some challenges that might affect its growth like intense competition from local manufacturers and offering of counterfeiting products. Despite these challenges, the market still has a huge potential to grow tremendously on the back of skincare brands are continually introducing new ranges of anti-ageing products, sunscreens, and specialized skincare treatments that attract consumers by treating all the skin-related issues, contributing to the growth to the skin care industry in India.

COVID-19 Influence on the India Skin Care Market

COVID-19 had left a significant impact on the India Skin Care Market which is a part of the Asia Pacific Skin Care Market. The pandemic has increased awareness of personal hygiene and health. As a result, the demand for sanitization and anti-bacterial properties-based products has been boosted.  With lockdown and social distancing measures that were imposed by the government to cease the virus prevalence in the country, resulted in the shift of consumers towards online shopping for skin care. However, the skincare industry faced interruption in the supply chain during the pandemic phase leading to challenges in sourcing raw materials, leading to shortages for some products.

Key Players of the India Skin Care Market

India Skin Care Market is highly competitive with the presence of numerous players in the market. some of them are listed below in the list:

• L'Oréal is a global leader in the beauty and cosmetics industry and has a strong presence in the country as well. It deals in a wide range of skin care products.
• Johnson & Johnson is a well-known brand in the country, which is known for its skincare products under the brand names Neutrogena and Aveeno, fulfilling several skincare needs.
• The Himalaya Drug Company is a well-renowned Indian herbal and wellness brand that provides a comprehensive range of skin care products formulated organically.
• VLCC is another leading beauty brand across the country, that provides skincare products and services.

Government Initiatives Introduced in the India Skin Care Market

Government initiatives are positively influencing India Skin Care Market growth in the country. For instance, the Bureau of Indian Standards (BIS) has set some quality standards and certifications for several products, including skincare products. Manufacturers are considered to fulfil these quality standards, ensuring the quality of their products. The Food Safety and Standards Authority of India (FSSAI) governs and regulates cosmetics and skincare products that consist of natural sources like food as ingredients. They set guidelines for labelling and permissible ingredients. Skincare products in India are regulated under the Drugs and Cosmetics Act. This stimulates manufacturers to develop skin care products under their guidelines, which, in turn, helps build trust, leading to high product sales.

Market Analysis by Product Type

According to Nitesh Kumar, Research Manager, 6Wresearch, face creams are gaining traction and dominating the India Skin Care Market share in the country underpinned by an increasing consumer base, and awareness about maintaining face skin health. Hence, the demand for moisturizer and sunscreens are increasing.

Market Analysis by Distribution Channel

Based on the Distribution Channel, offline stores are still preferable in the country, nevertheless, the growing popularity of online stores coupled with online users have boosted the online purchase of the products, including skin care products. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Skin Care Market Outlook
• Market Size of India Skin Care Market, 2022
• Forecast of India Skin Care Market, 2029
• Historical Data and Forecast of India Skin Care Revenues & Volume for the Period 2019 - 2029
• India Skin Care Market Trend Evolution
• India Skin Care Market Drivers and Challenges
• India Skin Care Price Trends
• India Skin Care Porter's Five Forces
• India Skin Care Industry Life Cycle
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Product Types for the Period 2019 - 2029
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Face Creams for the Period 2019 - 2029
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Body Lotions for the Period 2019 - 2029
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Online for the Period 2019 - 2029
• Historical Data and Forecast of India Skin Care Market Revenues & Volume By Offline for the Period 2019 - 2029
• India Skin Care Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Distribution Channel
• India Skin Care Top Companies Market Share
• India Skin Care Competitive Benchmarking By Technical and Operational Parameters
• India Skin Care Company Profiles
• India Skin Care Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

• Face Cream
• Body Lotions

By Distribution Channel

• Online
• Offline

Frequently Asked Questions About the Market Study (FAQs):