India Personal Care Ingredients Market to Grow with a CAGR of 4.25% through 2029
Growth in research and development activities is
expected to drive the India Personal Care Ingredients Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “India
Personal Care Ingredients Market- By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India
Personal Care Ingredients Market stood at USD873.82 million in 2023 and is
anticipated to grow with a CAGR of 4.25% in the forecast period, 2024-2029. Initiatives
taken by government based on personal care ingredients has led to favorable
market conditions for the India Personal Care Ingredients Market. Several
factors contribute to the growth of various personal care ingredients
The government has undertaken deep structural and
sustained reforms to strengthen the healthcare sector, focusing not only on the
medical aspects but also on the personal care segment. In line with this, a
range of conducive policies has been announced to attract investments and
promote growth in the personal care industry.
Furthermore, the Indian government has taken proactive
measures to promote Ayurveda, which is deeply rooted in the country's
traditional systems of medicine. This strategic move not only aims to preserve
and promote the ancient wisdom of Ayurveda but also has significant
implications for the personal care ingredients market. With the increasing
popularity of Ayurvedic preparations, there is a growing demand for natural and
herbal ingredients, which are commonly used in Ayurvedic formulations. This
presents a unique opportunity for the personal care industry to tap into the
rich heritage of Ayurveda and cater to the rising consumer preference for
natural and holistic products.
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Personal Care Ingredients Market”
The impact of Research and Development (R&D) on
the growth of the Personal Care Ingredients Market in India is not just substantial,
but also transformative. With a focus on understanding the unique needs and
preferences of Indian consumers, companies are investing heavily in R&D to
develop cutting-edge ingredients and formulations. This relentless pursuit of
innovation has resulted in the introduction of a wide range of exciting and
novel products in recent years, fueling the remarkable growth of the market.
From advanced skincare formulations to eco-friendly haircare solutions, the
continuous research and development efforts are shaping the personal care
industry in India, delivering products that cater to the diverse demands of the
Indian consumer base.
The India Personal Care Ingredients Market is
segmented into type, application, regional distribution, and company.
Based on its type, the emollients segment held the
largest market share in the forecast period. In today's personal care
ingredient industry, synthetic ingredients have long been the dominant choice.
However, there is an emerging trend that showcases a shift towards natural and
organic ingredients. This shift is not limited to just the personal care
industry but is also prominently seen in the emollients market. Consumers, now
more than ever, are gravitating towards products that embrace natural
emollients like nourishing plant oils and rich butters. This preference for
natural emollients reflects a growing awareness and desire for skincare
products that are not only effective but also aligned with sustainable and
eco-friendly practices. By incorporating these natural emollients,
manufacturers can cater to the evolving needs and preferences of today's
conscious consumers, providing them with products that promote both beauty and
well-being.
Based on region, West India segment is expected to
grow during the forecast period.
In recent years, West India, with cities like Mumbai
and Pune at its forefront, has witnessed a remarkable surge in the beauty and
personal care start-up scene. These dynamic companies have been quick to
capitalize on the ever-evolving consumer preferences by offering a wide range
of innovative and high-quality products. This trend has not only fueled the
demand for premium personal care ingredients but has also created a vibrant
ecosystem of entrepreneurship and innovation in the region.
Major companies operating in India Personal Care
Ingredients Market are:
- BASF India Limited
- Croda India Pvt. Ltd.
- Galaxy Surfactant Limited
- Clariant Chemical India Limited
- Merck Limited
- Ashland India Pvt. Ltd.
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“Growing application of personal care ingredients in
various end user industries are key drivers of the personal care ingredients market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of personal care
ingredients with every passing year are anticipated to register an impressive
growth to India Personal Care Ingredients Market in the forecast period.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“India Personal Care Ingredients Market By Type (Surfactants, Conditioning Polymers, Rheology
Control Agents, Emollients, Emulsifiers, Others), By Application (Toiletries,
Skin Care, Hair Care, Others), By Region, By
Competition Forecast & Opportunities, 2019-2029”, has evaluated
the future growth potential of India Personal Care Ingredients Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Personal Care Ingredients Market.
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