No one wants to show more candles on his or
her birthday cake. As old say, time does not wait for anything as it passes;
ageing sign are seen on one’s face. But there is no need to worry for these
aging signs while there is magical solution anti-ageing cream available in the
market.
A
very obvious desire to look younger among people create the demand for the
products which can enhance their skin with full off freshmen. As aggressive
changes in environment like hiking level of pollution among cities, many people
show sign of skin damage as early age as their thirties. Sign of ageing result
in the form of wrinkles, fine lines, dull skin, loose skin, red or brown spot and
so more. Individuals’ perceptions towards this ageing are likely to change as
people are becoming more aware for their looks than before. Furthermore, the
innovation in products can make customer more demanding as his/her one demand
is satisfied, another is discovered.
According the report on 'India facial Creams & Gels Market
Outlook, 2023' published by Bonafide Research, India overall market facial
creams and gels is anticipated to reach more than INR 13,000 crores at the end
of forecasted period. It has grown with more than 15% CAGR over reviewing
period from year 2011-12 to 2016-17. The total market of facial creams and gels
is made from fairness creams, anti-ageing creams, antiseptic creams, cold or
winter creams and some other. Apart from them fairness creams and anti-ageing
contributed nearly two third share in total market. which are forecasted to
contribute same share in near future but relative share of fairness cream will
be going to decrease and anti-ageing cream’s will be going to increase. The
natural or herbal products are in trend, some companies are there for serve
this niche market. These market further segmented by sales and distribution
channel. It is very important to make effective channel of distribution as cost
reduction by this channel can give benefit to the company. As facial creams and
gels market considers, whole market segmented by three main distribution
channels traditional retail, modern retail and online. As major part of India
is still under developed, rural area is not showing much possibility for modern
retail. Traditional retails serve more than half market of facial creams and
gels, where e-commerce is still at surviving stage. But in near future, there
is estimation that use of technology will increase which gives gear to
e-commerce.
Consider the demographic profile of
Indian population; India is the youngest country as major part of population is
young people. These youngsters are turned older in near future. And desire to
look younger strives the growth of anti-aging creams market of India. This
market recently has been growing at more than 25% CAGR over the year from 2011
to 2017 and estimated to reach at INR 1,000 crores at the end of estimated year. Brand offering anti-ageing
creams are Olay and Pond’s which have jointly served the more than half of the
anti ageing creams market. In addition to that the growing awareness of innovative
offering also encourages the market growth in near future.
Report
Link: https://www.bonafideresearch.com/product/180610461/India-Facial-Creams-&-Gels-Market-Outlook-2023
Major Companies
Major companies that operate into the
facial creams and gels market in India are Hindustan Unilever Limited, Procter
& Gamble Home Products Private Limited, L'Oreal India Private Limited,
Nivea India Private Limited, Emami Limited, The G. D. Pharmaceutical, The
Himalaya Drug Company, Lotus Herbals Private Limited, VLCC Health Care Limited,
Patanjali Ayurved Limited.
Report: India Facial Creams & Gels Market
Outlook, 2023
Base Year: 2016-17, Estimated Year: 2017-18, Forecast
Year: 2022-23
Pages: 118, Figures: 23 Tables: 23
CONTACT
US
Bonafide Research & Marketing Pvt. Ltd.
Steven Thomas – Sales & Marketing Manager
Telephone: +91-265-6551309/ +91-7878231309
No comments:
Post a Comment