Exploring India Beauty and Personal Care Market: Rising Trends, Opportunities and Challenges Forecast 2030

India Beauty and Personal Care Market Overview:

According to MarkNtel Advisors study the India Beauty and Personal Care Market size is estimated to grow at a CAGR of around 11.5% during the forecast period, i.e., 2024-30. The beauty and personal care sector in India is witnessing remarkable growth across various categories, including color cosmetics, fragrances, hair care, and skincare. This surge underscores a heightened emphasis on personal grooming and appearance among consumers, fueled by factors such as the rising median household income and increased accessibility to beauty products. Moreover, there has been a noticeable shift in grooming practices, with a growing number of men embracing personal care routines, contributing to the industry’s expansion.

Key Findings of the Study: India Beauty and Personal Care market

India Beauty and Personal Care Market Challenge:

Counterfeit Products Posing a Critical Challenge for Market Growth & Expansion – Counterfeit products pose a challenge for the India Beauty and Personal Care Market, affecting both the consumer’s health and the business’s integrity. The prevalence of counterfeit products affects consumer trust and leads to significant health risks due to the use of potentially harmful ingredients and unregulated manufacturing practices. Consumers, lured by lower prices or convincing packaging, unknowingly expose themselves to potential allergic reactions, skin irritations, or long-term health consequences. This leads to the risk of individual well-being along with strains on healthcare resources, eroding public confidence in the safety of beauty products. Furthermore, the proliferation of counterfeit goods destabilizes the integrity of the entire industry ecosystem. Additionally, this also perpetuates unfair competition, distorts market dynamics, and disadvantages legitimate businesses that uphold ethical practices. Thus restricting the revenue growth of legitimate businesses in the Beauty and Personal Care Industry in India.

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Scope of the India Beauty and Personal Care Market Report Segmentation

-By Type

Organic- Market Size & Forecast 2019-2030F, USD Million
Conventional- Market Size & Forecast 2019-2030F, USD Million
Vegan- Market Size & Forecast 2019-2030F, USD Million

-By Product

Skincare
Hair Care
Oral Care
Makeup & Color Cosmetic Products
Bath & Shower
Fragrances
Others (Baby & Children Products, Dermo Cosmetics, etc.)- Market Size & Forecast 2019-2030F, USD Million

-By Distribution Channel

Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
Convenience Stores- Market Size & Forecast 2019-2030F, USD Million
Pharmacies & Drug Stores- Market Size & Forecast 2019-2030F, USD Million
Exclusive/Multi Brand Stores- Market Size & Forecast 2019-2030F, USD Million
Online Stores- Market Size & Forecast 2019-2030F, USD Million
Others (Hair Salons, Beauty Centers, etc.)- Market Size & Forecast 2019-2030F, USD Million

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Geographical analysis:

-By Region

North
East
West
South

India Beauty & Personal Care Industry Recent Development:

2023: Unilever Ventures, announced an investment of around USD 2.5 million in Wishcare, an India-based haircare and skincare brand, to help Wishcare expand its brand’s product range, enter new markets, and consolidate its domestic presence.
2022: Colgate-Palmolive, launched a new toothpaste called Colgate Visible White to make teeth whiter. They have focused on having a transforming appearance in their latest campaign, as part of their commitment to improving oral health and beauty in India.

Current Landscape of India Beauty and Personal Care Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the India Beauty and Personal Care market. The research report profiles major players, including

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Unilever
Colgate-Palmolive India Ltd.
Marico Ltd.
Godrej Consumer Products Ltd.
Dabur India Ltd.
L’Oréal India Pvt. Ltd.
Reckitt Benckiser (India) Ltd.
Honasa Consumer Pvt Ltd.
Johnson & Johnson (India) Ltd.
Wipro Consumer Care & Lighting Ltd.
Gillette India Ltd.
Patanjali Ayurved Ltd.
Himalaya Drug Co.
Emami Ltd.
Procter & Gamble Home Products Ltd.
ITC Ltd.
Beiersdorf AG
Vini Cosmetics Pvt Ltd.
Bajaj Consumer Care Ltd.
Haleon plc
Others

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.