India Retail Cosmetics Market is Expected To grow $ 25987 million with CAGR 16% by 2024

According to TechSci Research Report “India retail cosmetics market was valued over $ 10441 million in 2018 and is projected to grow at a CAGR of over 16%, to reach around $ 25987 million by 2024. Growing disposable income of the population, emergence of online retail and increasing inclination of men towards skin care and other grooming products is expected to drive the retail cosmetics market during forecast period. Moreover, rising consumer awareness, preference to buy advanced skin care products which not only make them look beautiful but also enhance their skin type along with increasing inclination of youth population towards color cosmetics is further anticipated to drive India retail cosmetic market in the coming years.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast the market size of India retail cosmetics market.
  • To define, classify and forecast the India retail cosmetics market based on type, distribution channel and company.
  • To identify tailwinds and headwinds for the India retail cosmetics market.
  • To strategically profile the leading players, which are involved in the operation of the industry in the country.

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Some of the major players operating in the India retail cosmetics market are: Hindustan Unilever Ltd., Emami Limited, L’Oreal India Pvt. Ltd., Godrej Consumer Product Limited, Dabur India Ltd., Gillette India Limited, Procter and Gamble Hygiene and Healthcare Ltd., Himalaya Drug Company, Modi Revlon Pvt. Ltd., Marico Ltd., Vini Cosmetics Pvt. Ltd., and Nivea India Pvt. Ltd.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of cosmetics manufacturers and suppliers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channel and regional presence of all major companies in the industry.

TechSci Research calculated the market size for the India retail cosmetics market using a bottom-up approach, wherein manufacturers’ value data for different type (Body Care, Hair Care, Color Cosmetics, Men’s Grooming, Fragrances and Others), of cosmetics was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research. 

Key Target Audience:

  • India retail cosmetics market companies 
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to the India retail cosmetics market and cosmetics industry
  • Government bodies such as regulating authorities and policymakers
  • Industry associations

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as manufacturers, distributors, dealers and policymakers, about which market segments should be targeted over retail cosmetics outlets in coming years to strategize investments and capitalize on growth of the market.

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Report Scope:

In this report, India retail cosmetics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Body Care
    • Hair Care
    • Color Cosmetics
    • Men’s Grooming
    • Fragrances
    • Others
  • Market, by Distribution Channel:
    • Modern Trade
    • General Stores
    • Exclusive Stores
    • Online Sales Channel
    • Others
  • Market, by Company:
    • Hindustan Unilever Ltd.
    • L’Oreal India Pvt. Ltd.
    • Godrej Consumer Product Limited
    • Emami Limited
    • Others

 

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