India Functional Cosmetics Market: Analysis and Forecast (2021-2027) by Type, Function, and Region.

India Functional Cosmetics Market was worth US$ 4.87 Bn. in 2020 and total revenue is expected to grow at a rate of 5.63 % CAGR from 2021 to 2027, reaching almost US$ 7.55 Bn. in 2027.

India Functional Cosmetics Market Overview:

Nowadays functional Cosmetics products are among the fastest-growing beauty items. Functional products are nothing but skincare, anti-aging, sun protection, hair care, and other elements. Also, the outline of natural elements in cosmetic product preparations has led to the rapid development of the India Functional Cosmetics industry. Skincare is the practice of keeping & increasing one’s physical look with the usage of several skincare items, with cream, lotions & others. These items are simply available to its customers in India through numerous distribution channels like hypermarkets, online stores, drugstores & specialty stores. The Indian skincare items market has seen extensive growth in the past few years. This is majorly attributable to the occurrence of young demography, increase in disposable income, & move of Indian customers toward improved lifestyle.

The shift towards Cosmetics Products:

The cruelty-free & vegan cosmetic market has exploded in current years worldwide & has been ruling its place in the Indian market too. In the year 2014, the Indian government issued a cosmetic testing ban. Also, with the development of vegan items in the country, Indian customers are repaying extra attention to not only a specific shade of lipstick that suits them but also the manufacturing of the product. Moreover, international vegan cosmetics firms are also venturing into the Indian market, therefore increasing the possibility for the same in the country. With the increase in the acceptance of western nations, the make-up market is one of the rising markets in the country. As the artistic appeal in the young group is increasing, the penetration of color cosmetics items in the Indian market is growing. India is expected as one of the fastest-growing nations, in terms of color make-ups, in the Asian county. India Functional Cosmetics Market To know about the Research Methodology :- Request Free Sample Report Indian firms are investing in natural color cosmetics, owing to its growing demand, among the large sectors of Indian society. Indian firms, like Ruby’s, had established a range of makeup products that are just meant for Indian skin tones & textures. Filled with bio-active oils, butter, & natural clays, their items go beyond makeup to offer the additional value-added skincare, & the range of color cosmetics comprises lipsticks, eye pencils, & blush, in turn, increasing the sales of color make-ups in the nation. Demographic evolution, improving economic & social circumstances, & the growth of the production & digital segments in India have made the nation a global giant. The enhanced quality of life in the country & the rapidly increased personal care are the development reasons for the makeup market during the 2017-2019 period before the pandemic. The pandemic & the global health emergency have surely slowed the development of the cosmetics industry in the nation.

The Key Segments:

Mass beauty is a planned segment for the industry in the country, with market revenue of more than USD 11 Bn, followed by hair care & personal care products, with steady market revenue of over USD 3 Bn. These items also presented the highest flexibility to the outburst of the pandemic & the fiscal hardship produced by the limitations & months of lockdown in the nation. In the meantime, the most solid hit classes were those most connected to socializing & life outside the home: cosmetics, perfumes & products which protect against contact with sunlight. Some help was provided as the nation revived last summer, but the lock-down during the 1st part of 2021 is hindering development.

New Trends & Opportunities:

The importance of digital acceleration & health increased in the year 2020 & are anticipated to have an influence in the year 2021 as well. Demand endures to raise for items precisely designed around skincare, hygiene, and sustainability. According to the MMR study report, firms in the segment will need to rethink their items following a more complete approach. This is a main topic for the skincare segment: not only are old-style cures & Ayurvedic culture increasingly predominant, products which promote the positive effects of vitamins & dietary supplements are also seeing improved sales. “There is a lot of areas to discover the optimistic effects which active elements in cosmetic items proposal for physical & psychological well-being. Makeup is the segment that has had to adjust most to existing social circumstances in the nation. After-sales immersed over the 1st months of the year 2020, companies concentrated on 2 traits which are mainly important for new customer habits: easy to use & durability. According to an MMR report survey, proposing durable, no transfer items which dry quickly can deliver an opportunity for firms selling color make-ups, particularly for brands that provide lip & facial make-ups. These classes also helped greatly over the course of the year as clear masks became progressively available. With lockdown set to become a routine, till the number of corona patients drops & most of the populace is vaccinated, digitalization will have a long-term impact on supply in the cosmetic segment, even older customers are gradually accustomed to online shopping. According to MMR analysts, firms will need to focus their efforts on new stages as well as on immersive technology such as AR & VR to win customer loyalty. The 2nd wave may restrain some groups of customers to their house in the year 2021 as well, which generates an opportunity for key players to explore choices that mirror the in-person trade’s involvement, using AR for virtual lessons or to try on make-ups, for instance. The major challenge will be overpowering caution due to customer worries about privacy & safety risks. Building customer trust will be important. The objective of the report is to present a comprehensive analysis of the India Functional Cosmetics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the India Functional Cosmetics Market dynamics, structure by analyzing the market segments and project the India Functional Cosmetics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the India Functional Cosmetics Market make the report investor’s guide.

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India Functional Cosmetics Market by Scope

India Functional Cosmetics Market, by Region

• North India • South India • East India • West India

India Functional Cosmetics Market key player

• Himalaya • Biotique • Dabur • Lotus • Patanjali • Coach • LVMH • Puig • Unilever Limited • Revlon • Natura &Co • The Face Shop Inc. • Etude House Inc. • The Body Shop International Limited.

Frequently Asked Questions:

1) What was the market size of India Functional Cosmetics Market markets in 2020? Ans - India Functional Cosmetics Market was worth US$ 4.87Bn in 2020. 2) What is the market segment of India Functional Cosmetics Market markets? Ans -The market segments are based on Type, Function & Region. 3) What is forecast period consider for India Functional Cosmetics Market? Ans -The forecast period for India Functional Cosmetics Market is 2021 to 2027. 4) Which are the worldwide major key players covered for India Functional Cosmetics Market report? Ans – Himalaya, Biotique, Dabur, Lotus, Patanjali, Coach, LVMH, Puig, Unilever Limited, Revlon, Natura &Co, The Face Shop Inc. Etude House Inc.The Body Shop International Limited. 5) Which region is dominated in India Functional Cosmetics Market? Ans -In 2020, Germany dominated the India Functional Cosmetics Market.
1. India Functional Cosmetics Market: Research Methodology 2. India Functional Cosmetics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global India Functional Cosmetics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global India Functional Cosmetics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by Region 3.8.3.1. North India 3.8.3.2. South India 3.8.3.3. East India 3.8.3.4. West India 3.8.4. COVID-19 Impact 4. India Functional Cosmetics Market (Value) by Region: 4.1. India Functional Cosmetics Market, by Type 4.1.1. Alpha Hydroxy Acids (AHAs) 4.1.2. Beta Hydroxy Acid (Salicylic Acid) 4.1.3. Retinoid 4.1.4. Hyaluronic Acid 4.1.5. Vitamin C & E 4.1.6. Glycerin 4.1.6.1.1. North India 4.1.6.1.2. South India 4.1.6.1.3. East India 4.1.6.1.4. West India 4.2. India Functional Cosmetics Market, by Function 4.2.1. Cleansing Agent 4.2.2. Moisturizing Agent 4.2.3. Lightening Agent 4.2.4. Anti-aging Agent 4.2.4.1.1. North India 4.2.4.1.2. South India 4.2.4.1.3. East India 4.2.4.1.4. West India 4.3. Company Profile: Key Players 4.3.1. Himalaya. 4.3.1.1. Company Overview 4.3.1.2. Financial Overview 4.3.1.3. Global Presence 4.3.1.4. Type Portfolio 4.3.1.5. Business Strategy 4.3.1.6. Recent Developments 4.3.2. Biotique 4.3.3. Dabur 4.3.4. Lotus 4.3.5. Patanjali 4.3.6. Coach 4.3.7. LVMH 4.3.8. Puig 4.3.9. Unilever Limited 4.3.10. Revlon 4.3.11. Natura &Co 4.3.12. The Face Shop Inc. 4.3.13. Etude House Inc. 4.3.14. The Body Shop International Limited
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