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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Coconut Oil-Based Cosmetics Market Outlook
The India coconut oil-based cosmetics market stood at a value of 9,381.63 INR Crore in 2023. The market is expected to grow at a CAGR of 6.8% in the forecast period of 2024-2032 to attain 14,284.03 INR Crore by 2032.
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Rising Applications of Coconut Oil Based Skin Care Products to Bolster the Growth of the India Coconut Oil-Based Cosmetics Industry
Based on application, the skin care sector accounts for a significant share in the industry. This can be attributed to the rising awareness about the advantages of using coconut oil-based skin care products. The demand for coconut oil in anti-aging creams, owing to its anti-oxidant properties, has been significant. It is utilised as one of the base ingredients in popular skin care as well as hair care products. Furthermore, coconut oil-based cosmetics reduce inflammation, keep skin moisturised, and prevents acne. Therefore, they have a significant demand in the beauty industry in India. Over the forecast period, the coconut oil-based hair care products are likely to witness a robust growth in the country owing to the rising pollution in states like Delhi, Haryana, Uttar Pradesh, and Maharashtra, among others, as they are effective in preventing the damage of hair. The rising disposable income, increasing competition among key market players in the cosmetics and personal care sector, and the descent growth rate of India’s economy are expected to further bolster the market growth in the forecast period.
Coconut Oil-Based Cosmetics: Market Segmentation
Coconut oil-based cosmetics are the cosmetic products in which coconut oil is infused to add its properties to the product. These properties include anti-aging, acne protection, scar healing, skin protection, and anti-inflammation, among others. The coconut oil-based cosmetics available in the industry include lip balm, massage oil, hair oil, face packs, and face cream, among others.
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By type, the market is divided into:
- Natural
- Virgin
- Extra Virgin
- Refined
Based on application, the industry is segmented into:
- Hair Care
- Skin Care
- Makeup Products
- Others
The industry is categorised based on premiumisation into:
- Mass
- Mid Premium
- Premium
On the basis of distribution channel, the industry is divided into:
- Supermarket and Hypermarket
- Grocery Stores
- Cosmetics Shops
- Chemists/Pharmacies
- Online
- Others
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The Rising Disposable Income and the Product Innovations to Boost the Growth of the India Coconut Oil Based-Cosmetics Industry
The coconut oil-based cosmetics market in India is driven by the rising living standards, rapid urbanisation, thriving health and personal care sector, and high growth rate of the country’s economy. The increasing disposable income has enhanced the affordability of premium and natural skin care products among the middle class, thus, contributing to the demand growth. Over the forecast period, the market is expected to be aided by the growing R&D activities by the key market players and the growing trend of coconut oil face masks. Several studies have demonstrated that coconut oil face masks are the best thing that can happen to your skin. Coconut oil with honey is excellent for dry skin, coconut oil with lemon can treat the tanned skin, and coconut oil with baking soda is great for gentle exfoliation. Therefore, these factors are expected to further augment the demand for coconut oil-based cosmetics in India.
Key Industry Players in the India Coconut Oil-Based Cosmetics Market
The report gives a detailed analysis of the following key players in India coconut oil-based cosmetics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dabur India Ltd.
- Patanjali Ayurved Limited
- Beiersdorf AG
- Kama Ayurveda Pvt. Ltd.
- Marico Ltd.
- Bio Veda Action Research Co.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Premiumisation |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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India Coconut Oil-Based Cosmetics Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the India coconut oil-based cosmetics market attained a value of 9,381.63 INR Crore.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 14,284.03 INR Crore by 2032.
The major market drivers include rapid urbanisation, the thriving health and personal care sector, and the high growth rate of the country’s economy.
The rising awareness about the advantages of using coconut oil-based skin care products, the growing affordability of premium and natural skin care products among the middle class population, and increasing competition among leading players are the key trends guiding the market growth.
Natural, virgin, extra virgin, and refined are the various types of coconut oil-based cosmetics in the market.
The different applications of the product are hair care, skin care, and makeup products, among others.
The various segments based on premiumisation of the product considered in the market report are mass, mid premium, and premium.
The various distribution channels in the market are supermarket and hypermarket, grocery stores, cosmetics shops, chemists/pharmacies, and online, among others.
The key players in the India coconut oil-based cosmetics market are Dabur India Ltd., Patanjali Ayurved Limited, Beiersdorf AG, Kama Ayurveda Pvt. Ltd., Marico Ltd., and Bio Veda Action Research Co., among others.
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