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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Cosmetics Market Outlook
The India cosmetics market size reached USD 12.05 billion in 2023. The market is expected to grow at a CAGR of 4.03% between 2024 and 2032, reaching USD 17.19 billion by 2032.
Key Takeaways:
- As per World Bank data, the female population constituted 48.4% in 2022, driving growth in the India cosmetics market.
- The growing share of middle-class income is instrumental in driving the market growth.
- Major brands are focusing on launching new products in order to improve their market position in the country.
Makeup and colour cosmetics drive the India cosmetics market by offering opportunities for artistic expression
They provide a variety of colours, textures, and finishes for experimentation with diverse styles and trends. Makeup and colour cosmetics enhance natural features, offering versatility for various styles and occasions. They instil confidence, provide SPF protection, and incorporate anti-ageing properties. These products allow for artistic expression, professional looks, and trend exploration, and serve as a self-care routine. The market sees the introduction of new brands.
In February 2024, Soku Cosmetics debuted in India, emphasizing inclusivity and empowerment. The brand prioritizes easy, budget-friendly, and effective skincare with natural elements and scientific advancement. Soku's cruelty-free range includes eyeliners, sunscreens, and more, promoting effortlessly radiant skin.
Fragrances and deodorants provide an array of scents, enhancing personal expression with lasting freshness. They offer mood enhancement and aromatherapy benefits, suitable for various occasions, styles, and grooming needs. These products complement individual styles, leaving a lasting impression.
Market Segmentation
India Cosmetics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market by Product
- Hair Care
- Skin and Sun Care
- Fragrances and Deodrants
- Makeup and Color Cosmetics
- Others
Market Breakup by Gender
- Men
- Women
- Unisex
Market Breakup by Price Range
- Mass
- Premium
Market Breakup by Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Channels
- Others
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
The India cosmetics market key players are Unilever plc, Vellvette Lifestyle Private Limited, ColorBar Cosmetics Pvt. Ltd., L’Oréal S.A., The Estée Lauder Companies Inc., Beiersdorf AG, Kao Corporation, Christian Dior Couture SA, Revlon, Inc., and Shiseido Company, Limited among others.
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 Product |
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| Breakup by Gender |
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| Breakup by Price Range |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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
The market was valued at USD 12.05 billion in 2023.
The market is projected to grow at a CAGR of 4.03% between 2024 and 2032.
The revenue generated from the cosmetics market is expected to reach USD 17.19 billion in 2032.
The cosmetics market is categorised according to gender, which includes men, women and unisex.
The key players are Unilever plc, Vellvette Lifestyle Private Limited, ColorBar Cosmetics Pvt. Ltd., L’Oréal S.A., The Estée Lauder Companies Inc., Beiersdorf AG, Kao Corporation, Christian Dior Couture SA, Revlon, Inc., and Shiseido Company, Limited among others.
Based on the price range, the market is divided into mass and premium.
The market is broken down into North India, East and Central India, West India and South India.
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