The Indian cosmetic market has started witnessing rampant growth driven by improved spending power and rising consumer awareness about cosmetic products amid growing beauty consciousness. The Indian cosmetic market (defined as skin care, hair care, color cosmetics, fragrances and oral care segments) stood at an estimated US$ 2.5 Billion in 2008, and is expected to grow at a CAGR of nearly 7% over the forecast period, says our new research report, "Indian Cosmetic Sector Analysis (2009-2012)".
Our research has found that the color cosmetics and skin care segments are the major growth driver for the Indian cosmetic industry, which has experienced an impressive growth rate in the past few years. In future as well, these segments are anticipated to register CAGR of nearly 20% and 13% respectively till 2012.
"The growth will primarily be driven by growing desire of looking young and beautiful among Indian consumers. These segments will help the entire cosmetic market to experience an upward growth trend in coming years," says a Sr. Research Analyst at RNCOS.
We have also found that the Indian consumers are showing a highly receptive approach towards some entirely new segments such as Spa, Salon and Herbal cosmetics. These segments have emerged as some of the new trends in the Indian cosmetic market. "These new segments will not only enable the existing players to cater the high growth opportunities but will also ask the new players to provide answers to overflowed demand" added the Analyst.
Our report, "Indian Cosmetic Sector Analysis (2009-2012)", provides an in-depth analysis of present and future prospects of Indian cosmetic industry and unfolds its full potential, with focus on current and future market position of important segments and respective key players existing in the segment. The report also gives a detailed analysis of factors critical for the success of the market.
The intense research done on the existing and future market scenario is simultaneously focusing on the impact of worldwide economic turmoil and facilitates a balanced understanding of the Indian cosmetic market.
For more information visit: http://www.rncos.com/Report/IM192.htm |
