The India Cosmetics Products Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.
India Cosmetics Products Market is projected to grow at a CAGR of 4.23% during the forecast period 2020 – 2025.
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Top Key Players in the India Cosmetics Products Market: L’Oreal, The Este Lauder Companies, Colorbar Cosmetics Pvt Ltd, Natura &Co (The Body Shop International Limited) among others.
Key Market Trends
Inclination Toward Vegan and Cruelty-free Cosmetics Products
The cruelty-free (no animal testing), vegetarian (no byproducts of animal slaughter), and vegan (no animal ingredients at all) beauty market has exploded in recent years globally and has been finding its space in the Indian market too. In May 2014, the Ministry of Health & Family of India published the cosmetic testing ban, which added the new rule 148-C. prohibition of testing of cosmetics on animals, such that no person shall use any animal for testing of cosmetics to the existing Drugs and Cosmetics Rules, 1945. Moreover, with the advancement of vegan products in the country, Indian consumers are paying extra attention to not only a particular shade of lipstick that suits them but also about how the lipstick is made. Additionally, global vegan cosmetics companies are also venturing into the Indian market, thus expanding the scope for the same in the country.
Rising Penetration of Color Cosmetic Products in the Country
With the rise in the adoption of western culture, the color cosmetics market is one of the fastest-growing markets in India. As the aesthetic appeal in the young generation is rising, the penetration of color cosmetics products in the Indian market is increasing. India is estimated as one of the fastest-growing countries, in terms of color cosmetics, in the Asian region.
Indian companies are venturing into organic color cosmetics, due to its increasing demand, among the large sections of the Indian society. Indian companies, such as Rubys Organics, had developed a range of makeup staples that are specifically meant for Indian skin tones and textures. Infused with bio-active oils, butter, and natural clays, their products go beyond makeup to give the extra value-added skincare, and the range of color cosmetics includes lipsticks, eye pencils, and blush, this in turn boosting the sales of color cosmetics in the country.
Market Size Estimation:
The Total Addressable Market (TAM) for estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
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This India Cosmetics Products Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
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Covid-19 Impact Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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