India Skincare Market Research Report

Skin Care Products Market:

The GMI Research forecasts that the skin care products market is witnessing an upsurge in demand during the forecast period. This is mainly due to the constantly changing lifestyle patterns and growing awareness towards advanced skincare products.

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Skin Care Products Market’s leading Manufacturers:

·         L’Oréal

·         Unilever Group

·         Beiersdorf AG

·         Johnson and Johnson Services, Inc.

·         Natura &Co Holding S.A.

·         Shiseido Company, Limited

·         Revlon, Inc.

·         The Estée Lauder Companies, Inc.

·         Colgate-Palmolive Company

·         Procter & Gamble Company

Skin Care Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global skin care market is predicted to witness an upsurge in demand during the forecast period due to the constantly changing lifestyle patterns and growing awareness towards advanced skin care products. According to the skin care products market statistics, the availability of a large range of skin care products online, rising awareness related to looks and skin quality of people, and the increasing number of working women worldwide are the major factors surging the growth of the skin care products market size. As per the skin care products market analysis, the rising awareness associated with the benefits of using personal care products and the growing availability of a huge range of skin care products such as face wash, anti-aging creams, body lotions, face creams, skin brightening creams, and sunscreens are some other factors propelling the growth of the skin care market share in terms of revenue in the upcoming years.

According to the skin care products market research, there has been an upsurge in demand for organic and natural skincare products due to the increasing awareness associated with the negative impact of synthetic skincare products, followed by the rising utilization of the environmentally safe product, thus fuelling the growth of the skin care products market. On the other hand, the factors hindering the market growth include lack of shelf life, side effects regarding the use of skincare products in individuals, including pimples, acne, rashes, and the rising number of counterfeit products.

Regional Drivers

Based on the region, Asia-Pacific is projected to increase at a higher CAGR during the forecast period owing to the rising middle-class population, followed by the growing per capita income of consumers in the developing countries, including India, China, South Korea, and Japan. Moreover, the strong demand for skin lightening and anti-aging creams, coupled with the rise in wellness spending, is further fuelling the growth of the market in the region. On the other hand, North America is expected to dominate the market due to the growing awareness among consumers towards advanced skin care products. Additionally, the high standard of living, constant economic development, and the rising demand for organic skincare products are further accelerating the market growth in the region.

Skin Care Products Market Segmentation:

Segmentation by Product:

·         Face Cream

·         Body lotion

·         Others

Segmentation by Distribution Channel:

·         Hypermarkets

·         Supermarkets

·         Specialty Stores

·         Online Store

·         Drug Stores

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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