auteur de l'information
Pramod Kumar has 28 Published Articles

India,
Uttar Pradesh,
Noida,
Block-13, Sector 2, Noida, Uttar Pradesh - 201301 India,

Assured Article Links




Indian Skincare Dermacosmetics Market Predicted to Boom in Northern Region in Future

Posté le: Apr-01-2021 | vue (12) fois | Word Count article: 477 |

The Indian skincare dermacosmetics market was valued at $750.3 million in 2019. According to the forecast of P&S Intelligence, a market research firm based in India, the market will generate a revenue of $1,758.0 million by 2030.
Furthermore, the market will advance at a CAGR of 8.5% between 2020 and 2030. The prominent factors driving the advancement of the market are the rising incidence of skin diseases and the growing public consciousness toward looks and appearance.

Additionally, the surging disposable income of people is propelling the growth of the market in the country. As per the data produced by the Trading Economics, in India, the disposable income of people grew from $2,738.1 billion in 2018 to $2,935.9 billion in 2019. The rise in the purchasing power of people is pushing up the sales of skincare dermacosmetic products in the country. Moreover, nowadays, people are highly conscious about their appearance.

As a result, they are willing to invest money for brightening and maintaining their skin and mitigating the signs of aging such as wrinkles, fine lines, and acne. As per the Personal Care Ingredients & Lab, the Indian personal care ingredients industry is predicted to demonstrate huge expansion in the future years, because of the soaring expenditure on various personal care products. The growth of this industry will propel the demand for skincare dermacosmetic products in the forthcoming years.

The Indian skincare dermacosmetics market is divided, on the basis of brand, into L’Oréal (Skinceuticals and CeraVe), Galderma and Cetaphil, Clinique, Clarins, Avène, Sebamed, Neutrogena, Ducray, Shiseido, BIODERMA, and A-Derma. Out of these, Avène recorded the highest growth in the market in the past years, on account of the fact that the company offered a wide range of patented technologies and products that helped people address their various skin concerns.

Depending on application, the Indian skincare dermacosmetics market is classified into skin repair, acne, dark circles, wrinkles and fine lines, scars, and psoriasis. Amongst these, the skin repair category is predicted to exhibit the fastest growth in the market in the upcoming years. This is credited to the mushrooming sales of various skin repair products, on account of the rising preference of people toward younger-looking skin and the surging disposable income of people in the country.

The Indian skincare dermacosmetics market recorded the highest growth in North India in the past years and this trend is likely to continue in the future years. This will be because of the existence of several international brands and companies in the northern region of the country. In addition to this, the high public awareness of various skin ailments and skincare products in Northern India is driving the advancement of the market in this region.

Hence, it is safe to say that the market will register huge expansion in the coming years, on account of the rising popularity of skincare products, due to the surging disposable income of people and the growing public awareness of skin diseases and skincare products in the country.

Source: P&S Intelligence

Source de l'article : http://fr.articleseen.com/Article_Indian Skincare Dermacosmetics Market Predicted to Boom in Northern Region in Future_1041.aspx

auteur ressource :
Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Report Description: https://www.psmarketresearch.com/market-analysis/india-skincare-dermacosmetics-market

Mots-clés : Indian skincare dermacosmetics market, Size, Share, Demand, Growth,

Catégorie : Writing et Parler : Writing articles

Bookmark and Share Print this Article Send to Friend

SIM Panda SEO Package