Skin Care Products Market in India 2019

$950

Description

Owing to rising skin problems such as hyperpigmentation and acne, concern among people about skin health has increased over time, and they are investing handsomely in skin care products. Demand for products made of natural ingredients like sea salts, seaweed extracts and other mineral-rich ingredients that help address skin problems, has picked up in the country.
Market insights:
The skin care products market in India was valued at INR 112 Bn in 2018, and is expected to reach INR 197 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~10.16%, during the forecast period (2019-2024). The rise in disposable income, increased female participation in the workforce, escalating skin problems resulting from high levels of pollution, and growing concern over skin health are the major factors driving market growth. Due to increased sense of self care, men are also indulging in skin care products, allowing FMCG giants to launch skin care brands exclusively for men. A number of players in the skin care products market like Nivea and L’Oreal are coming up with innovative products like specialized anti-aging creams, separate night and day creams, anti-wrinkle creams and sunscreens ranging from SPF 15 to 150, leading to market expansion.
Market segment insights:
Based on product type, the skin care products market is segmented into face care, body care, sun care and other skin care products. In 2018, the face care products segment held the largest market share (~57%), followed by the body care (~29%), the sun care and other skin care products segments. Major brands operating in the skin care products segments are Fair and Lovely, Pond’s, Boroplus, Fair and Handsome, Garnier, Neutrogena, Clean and Clear, and Olay.

Key growth drivers of the market:
• The purchasing power of women has increased due to a rise in the number of working women, specifically in tier I cities. Increase in the disposable income of women has resulted in escalated demand for skin care products, which is propelling the growth of the market.
• Rise in stress levels, exposure to dust and pollution, and long hours in air-conditioned environments have led to increased skin problems like pigmentation, acne, pimples and sunburns. Therefore, demand for remedial skin care products like sunscreen lotions, whitening creams, and moisturizing creams has picked up. This is a major driver of the skin care products market.

Key deterrents to the growth of the market:
• Consumers in India tend to switch brands if products of similar quality are available at lower price points. Though brand awareness is high among Indian consumers, however, they still switch brands frequently and have low brand loyalty, which presents a challenge for the companies operating in this market. Factors like quality, price, allergic reactions, recommendations, ineffectiveness of products, and unavailability of products, sales and marketing of other brands are encouraging consumers to explore other skin care brands.
• Sale of counterfeit products available online is on the rise because they are inexpensive, which works in favour of India’s price sensitive consumers. Counterfeit products are raising significant legal concerns for manufacturers, distributors and retailers, along with affecting consumers’ well-being. Hence, counterfeit skin care products are a threat to the growth of the market.
Competition analysis:
Consumers tend to purchase skin care products based on the quality and reputation associated with a brand. Therefore, to gain high sales volume and revenue in the skin care market in India, a company needs to develop a strong brand identity, which is a difficult task for any new entrant. Several domestic and international players dominate the skin care market in India. These players often compete in terms of price and quality, therefore creating a price advantage for customers.
Companies covered:
• Emami Limited
• Hindustan Unilever Limited
• Procter & Gamble Hygiene and Health care Limited
• Amway India Enterprises Private Limited
• Lotus Herbals Private Limited
• Nykaa E-retail Private Limited
• The Himalaya Drug Company
• Johnson & Johnson Private Limited
• L’Oreal India Private Limited
• Nivea India Private Limited

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure
3.2. WHO recommended alcohol-based sanitizer formulations

Chapter 4: Global hand sanitizer market overview
4.1. Global hand sanitizer market – Overview
4.1.1. Market size and growth forecast based on value (2018–2025e)

Chapter 5: India hand sanitizer market overview
5.1. India hand sanitizer market – Overview
5.1.1. Market size and growth forecast based on value (2018–2025e)

Chapter 6: COVID-19 – strategic insights
6.1. COVID-19 – Overview
6.2. Rise in the number of COVID-19 cases
6.3. Changing industry dynamics – Impact of COVID-19
6.3.1. Indian hand sanitizer market share – Pre and Post COVID-19
6.3.2. Total unique buyers
6.3.3. Liters of sanitizer sold
6.3.4. Immediate challenges faced by key hand sanitizer manufacturing companies during lockdown 1.0
6.4. Market opportunities

 

Chapter 7: Key regulatory framework
7.1. Key regulatory framework

Chapter 8: Trade analysis
8.1. Export
8.1.1. Value-wise
8.1.2. Country-wise
8.2. Import
8.2.1. Value-wise
8.2.2. Country-wise

Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challengers

Chapter 10: Competitive landscape
10.1. 3M India Limited
-Company information
-Business description
-Products/services
-Key people
-Financial snapshot
-Key business segments
-Key geographical segments
Note: Financial data and segment-wise data is available for public companies only
10.2. Colgate Palmolive India Ltd (Palmolive)
10.3. Dabur India Limited
10.4. Godrej Consumer Products Limited (Protekt)
10.5. Hindustan Unilever Limited
10.6. ITC Limited (Savlon)
10.7. Herbal Strategi
10.8. Reckitt Benckiser India Limited (Dettol)
10.9. The Himalaya Drug Company
10.10. Vi-Jon Group

 

Chapter 11: Emerging start-ups
11.1. Emerging start-ups

Chapter 12: Recent development
12.1. Recent Development

Chapter 14: Appendix

14.1. Research Methodology
14.2. About Netscribes
14.3. DisclaimerChapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure
3.2. WHO recommended alcohol-based sanitizer formulations

Chapter 4: Global hand sanitizer market overview
4.1. Global hand sanitizer market – Overview
4.1.1. Market size and growth forecast based on value (2018–2025e)

Chapter 5: India hand sanitizer market overview
5.1. India hand sanitizer market – Overview
5.1.1. Market size and growth forecast based on value (2018–2025e)

Chapter 6: COVID-19 – strategic insights
6.1. COVID-19 – Overview
6.2. Rise in the number of COVID-19 cases
6.3. Changing industry dynamics – Impact of COVID-19
6.3.1. Indian hand sanitizer market share – Pre and Post COVID-19
6.3.2. Total unique buyers
6.3.3. Liters of sanitizer sold
6.3.4. Immediate challenges faced by key hand sanitizer manufacturing companies during lockdown 1.0
6.4. Market opportunities

 

Chapter 7: Key regulatory framework
7.1. Key regulatory framework

Chapter 8: Trade analysis
8.1. Export
8.1.1. Value-wise
8.1.2. Country-wise
8.2. Import
8.2.1. Value-wise
8.2.2. Country-wise

Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challengers

Chapter 10: Competitive landscape
10.1. 3M India Limited
-Company information
-Business description
-Products/services
-Key people
-Financial snapshot
-Key business segments
-Key geographical segments
Note: Financial data and segment-wise data is available for public companies only
10.2. Colgate Palmolive India Ltd (Palmolive)
10.3. Dabur India Limited
10.4. Godrej Consumer Products Limited (Protekt)
10.5. Hindustan Unilever Limited
10.6. ITC Limited (Savlon)
10.7. Herbal Strategi
10.8. Reckitt Benckiser India Limited (Dettol)
10.9. The Himalaya Drug Company
10.10. Vi-Jon Group

 

Chapter 11: Emerging start-ups
11.1. Emerging start-ups

Chapter 12: Recent development
12.1. Recent Development

Chapter 14: Appendix

14.1. Research Methodology
14.2. About Netscribes
14.3. Disclaimer

Additional information

Publisher

Geography Covered

Date Published

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Format