Press Release

General Stores to Dominate India Retail Cosmetics Market through 2022

Rising popularity of online retail, increasing purchasing power and rising awareness about cosmeceuticals is expected to drive India retail cosmetics market through 2022

According to a TechSci Research report, “India Retail Cosmetics Market By Type, By Distribution Channel, Competition Forecast & Opportunities, 2012 – 2022”, India retail cosmetics market is projected to register a CAGR of over 16% during 2017 - 2022. The growth of retail cosmetics market is driven by factors such as emerging online retail channel coupled with rising disposable income, which encourages expenditure on such beauty and lifestyle products. Furthermore, growing awareness among consumers about cosmeceuticals, and launch of innovative products in the market such as no gas perfume sprays, small trial packs, etc., are further expected to fuel demand for cosmetics through retail channels in the coming years.

Browse 55 market data Tables and Figures spread through 98 Pages and an in-depth TOC on "India Retail Cosmetics Market"

Hindustan Unilever Ltd., Colgate Palmolive (India) Ltd.  Dabur India Ltd., and L’Oreal India Pvt. Ltd. are some of the leading players operating in India retail cosmetics market, and these companies are expected to retain their prominence during the forecast period as well. Among distribution channels, general stores have dominated the market with a majority market share in 2016. General stores are expected to generate significant sales for cosmetic products and are anticipated to remain dominant through 2022 as well. However, with increasing penetration of modern trade and online sales format, sales of cosmetics through these sales channels are also expected to increase in the coming years. Retail cosmetics market can be broadly categorized into body care, hair care, men’s grooming products, color cosmetics, fragrances and others. Body care dominated the market in 2016 as these products are traditionally required in higher volume and most of them are used on routine basis. Moreover, availability of body care products in smaller packs, which make them more affordable, would further help in fueling demand for these products in the coming years.

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As per a recent ‘Voice of Customer’ survey by TechSci Research, price and brand image of cosmetic products came across as most important differentiating factors in India retail cosmetics market. General stores and modern trade sales channel came across as the most important sales channel in the country’s retail cosmetic market. “Increasing expenditure on grooming and cosmetic products from the younger population is fueling growth in India retail cosmetics market. Furthermore, rising penetration of the online and modern trade sales channels, coupled with rising consumers awareness about benefits associated with usage of cosmeceuticals are further expected to steer growth in the country’s retail cosmetics market over the next five years.said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Retail Cosmetics Market By Type, By Distribution Channel, Competition Forecast & Opportunities, 2012 – 2022 has evaluated the future growth potential of India retail cosmetics market and provides statistics and information on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India retail cosmetics market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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