Cosmetic Market in India
- Submitted by: SophiaJones
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- Date Submitted: 10/04/2016 01:03 AM
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04thOctober 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Cosmetic Market in India”,the cosmetic market consists of five segments viz. Skin Care, Hair Care, Fragrance, Color Cosmetic and Oral Care.
Due to increase standard of living and changing lifestyle, the demand for cosmetic products like general mass and specialized skin brightening, anti-acne creams, body moisturizers & lotion, sun protection products are increasing rapidly, thereby providing high impetus to the India cosmetic market. The wealthy class as a beauty and facial care treatments has now become a lifestyle need. Keeping in point of individuality and personal grooming & care, the youngsters, women, men, etc. majorly fuelled the sales in the cosmetic market.
“India Cosmetic Market Overview”, India’s cosmetic market was growing with a CAGR of 17.06% over a period of five years. The cosmetic market consists of five segments viz. Skin Care, Hair Care, Fragrance, Color Cosmetic and Oral Care. Hair Care accounts for majority of the market share, followed by oral care, skin care, fragrance and color cosmetic. HUL dominates the cosmetic industry in India due to its vast product portfolio in every segment.
Fragrance industry's rapid growth is attributed primarily to the advent of functional products with characteristics such as perfumes and deodorants. Fragrance market is divided into two segments viz. Perfume and Deodorant category. Deodorants dominate the market while perfume along with its innovations is growing fast. The fragrance market in India is one of the largest in terms of production, consumption, import and is in the process of taking off as more youngsters wear a fragrance in the form of perfumes and deodorants. Givaudan, IFF and Firmenich are market leaders in the organized fragrance market. Fogg is leading in deodorant category followed by Park Avenue and Wild Stone.
Skin care has become an exciting legroom for new product developments and...
Due to increase standard of living and changing lifestyle, the demand for cosmetic products like general mass and specialized skin brightening, anti-acne creams, body moisturizers & lotion, sun protection products are increasing rapidly, thereby providing high impetus to the India cosmetic market. The wealthy class as a beauty and facial care treatments has now become a lifestyle need. Keeping in point of individuality and personal grooming & care, the youngsters, women, men, etc. majorly fuelled the sales in the cosmetic market.
“India Cosmetic Market Overview”, India’s cosmetic market was growing with a CAGR of 17.06% over a period of five years. The cosmetic market consists of five segments viz. Skin Care, Hair Care, Fragrance, Color Cosmetic and Oral Care. Hair Care accounts for majority of the market share, followed by oral care, skin care, fragrance and color cosmetic. HUL dominates the cosmetic industry in India due to its vast product portfolio in every segment.
Fragrance industry's rapid growth is attributed primarily to the advent of functional products with characteristics such as perfumes and deodorants. Fragrance market is divided into two segments viz. Perfume and Deodorant category. Deodorants dominate the market while perfume along with its innovations is growing fast. The fragrance market in India is one of the largest in terms of production, consumption, import and is in the process of taking off as more youngsters wear a fragrance in the form of perfumes and deodorants. Givaudan, IFF and Firmenich are market leaders in the organized fragrance market. Fogg is leading in deodorant category followed by Park Avenue and Wild Stone.
Skin care has become an exciting legroom for new product developments and...