The Latest Released Skin Care Market in 2020 market study has evaluated the future growth potential of Skin Care Market in India 2020 market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Skin Care Market in 2020 market. The study includes market share analysis and profiles of players such as Emami Limited, Procter & Gamble Hygiene and Health care Limited, Amway India Enterprises Private Limited, Lotus Herbals Private Limited, Nykaa E-retail Private Limited, The Himalaya Drug Company, Johnson & Johnson Private Limited, L’Oreal India Private Limited, Nivea India Private Limited.
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The skin care products market was valued at INR 129.76 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of ~8.22% during the 2021 – 2025 period, to reach a value of INR 191.09 Bn by 2025. Some of the key players that operate in the market are Hindustan Unilever Limited, The Himalaya Drug Company, Emami Limited, and Nivea India Private Limited.
Rise in the incidence of skin diseases and improved awareness regarding skin health among people are a few of the significant factors that propel market growth. Furthermore, easy accessibility of these products through company websites and online channels, and doorstep delivery are driving the market. However, high price points of branded skin care products and the presence of counterfeit ones deter its growth.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research and development)
• Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)
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The skin care products market in India is categorized into into face, body, sun, and other skin care products segments. In terms of revenue, the face care products dominated the market, accounting for 57.22% share in 2020. The other skin care products segment, which includes depilatory products for face and body, is expected to grow at the fastest CAGR of ~10.13% during the 2021 – 2025 period.
Some Extracts from Skin Care Market in India 2020 Market Study Table of Content
Skin Care Market in India 2020 Market Size (Sales) Market Share by Type (Product Category) in 2020
Skin Care Market in 2020 Market by Application/End Users
Global Skin Care Market in India 2020 Sales and Growth Rate (2015-2025)
Skin Care Market in 2020 Competition by Players/Suppliers, Region, Type and Application
Skin Care Market in 2020 (Volume, Value and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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