Rising middle class income, improving living standards in rural and semi urban areas, coupled with growing awareness towards health and sanitation is expected to drive India personal care ingredients market through 2026
According to TechSci Research report, “India Personal Care Ingredients Market By Type, By Application, Competition Forecast & Opportunities, 2012-2026’’, personal care ingredients market in India is projected to grow at a CAGR of 9% during 2017 to 2026. Rising consumer spending on personal care products, growing trend of multifunctional personal care products, and increasing online sales of personal care products coupled with shift in consumers’ preferences from synthetics to natural ingredients is expected to boost demand for personal care ingredients in the country. Moreover, increasing use of beauty and cosmetic products among women and growing inclination of men towards grooming products are anticipated to positively impact India personal care ingredients market in the coming years.
Browse 2 Tables and 35 Figures spread through 97 Pages and an in-depth TOC on “India Personal Care Ingredients Market”
Conditioning polymers, surfactants, emollients, emulsifiers, rheology control agents, UV absorbers, hair fixative polymers and antimicrobials are the most commonly used ingredients in the manufacturing of personal care products. Out of these, conditioning polymers are forecast to be the fastest growing ingredients type in India personal care ingredients market during forecast period, exhibiting a CAGR of 8.26%, in volume terms, owing to their use in various products such as face wash, shampoos, conditioners, creams, lotions, hair gels, etc. Also, emollients market in India is projected to grow at a CAGR of 8.1%, in volume terms, during 2017-2026, as they are used in premium skin care products, demand for which is increasing in metro cities and other urban areas across the country.
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“India personal care ingredients market is dominated by north region, owing to large presence of cosmetic and beauty product manufacturers in states such as Himachal Pradesh and Uttarakhand. Besides that, rising living standards and increasing consumer spending in Tier I and Tier II cities are among the major factors expected to influence the growth of personal care ingredients in India. Moreover, shift towards the use of eco-friendly ingredients is anticipated to further propel the market through 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
- BASF India Limited
- Croda India Private Limited
- Galaxy Surfactant Limited
- Clariant Chemical India Limited
- Dow Corning India Private Limited
- Merck Limited
- DSM India Private Limited
- Kumar Organic Products Limited
- Ashland India Private Limited
- Vivimed Labs Limited
“India Personal Care Ingredients Market By Type, By Application, Competition Forecast & Opportunities, 2012-2026’” has evaluated the future growth potential of India personal care ingredients market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India personal care ingredients market.
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