Cosmetic & Personal Care Market Definition
The cosmetics and personal care industry is one of the fastest-growing consumer products sectors in India with a strong potential for foreign companies. The personal care and cosmetics sector in India has shown continued strong growth, with increasing shelf space in retail stores and boutiques in India, stocking cosmetics from around the world. The swift growth of the beauty business has not only impacted Indian firms to encourage competition in the space but has also lured numerous international brands to the country. To give an instance, today, India has very few professional make-up lines that can cater to the wide range of salons and professional make-up artists across the country. This gives an opportunity to international professional make-up lines to penetrate into the market. The key factors to successfully enter the beauty and cosmetics market in India include careful understanding and adaptation of Indian skin types and tones and customize products accordingly. During the initial years of entering the market, the volumes of sales are likely to be low while the cost of operations is observed to be high. Gradually the scenario will change as sales are expected to increase.
The market study is broken down by Type (Hand Care, Color Cosmetics, Face Care [Fairness, Male Shaving, Cleansing, Lip Care, Foundation, Other Creams], Hair Care [Oil, Shampoo, Conditioner] and Body Care [Toilet Soaps, Deodorants, Lotions, Derma, Sunscreen, Body Wash]) and major geographies with country level splits.
The Vendors having a strong hold in the market are Unilever, Colgate Palmolive, The Procter & Gamble Company, Loreal, Godrej Consumer Products. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of India Cosmetic & Personal Care market throughout the predicted period.
Unilever (United Kingdom), Colgate Palmolive (United States), The Procter & Gamble Company (United States), Loreal (France), Godrej Consumer Products (India), Dabur India (India), Johnson & Johnson (United States), Oriflame Holding AG (Switzerland), Avon Products Inc. (United Kingdom) and The Estee Lauder Companies Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shiseido Company, Limited (Japan), Revlon, Inc. (United States), Marico (India), Wipro Consumer Care & Lighting (India), Emami (India) and Patanjali Ayurved (India).
AdvanceMarketAnalytics has segmented the market of India Cosmetic & Personal Care market by Type, Application and Region.
On the basis of geography, the market of Cosmetic & Personal Care has been segmented into . If we see Market by Geographical Segmentation, the sub-segment i.e. Rural will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age of User, the sub-segment i.e. 0-15 will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Premium will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Retailers will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Cosmetic & Personal Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The Indian licensing authority for mandatory registration of all cosmetics imported in India is the office of the Central Drugs Standard Control Organization (CDSCO) in the office of the Drug Controller General of India (DCGI). The DCGIís office administers the Indian Drugs and Cosmetics Act of 1940, which governs the manufacture, sale, import, export, and clinical research of drugs and cosmetics in India.
- Higher Spending on Holistic Bridal Solutions such as Year-Long Skin Care Regimes
- The Heightened Sense of Individualism in Purchase and Choice among Millennials
- The growing consciousness about grooming among people of Rural Population
- the rural lifestyle and habits have started mirroring urban aspirations and lifestyle
- Increasing the Use of Beauty Devices and technology-infused Products and Services
- Consumers opting for At-Home Services as well as Online Buying
- The Lack of Professionally Trained and Skilled Cosmetic & Personal Care
Key Target AudienceManufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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