15% CAGR Forecast for Men’s Grooming Products Market in India
Growing
population, hectic & stressful lifestyle, increasing disposable income,
rising awareness about male-centric grooming products to drive India men’s
grooming products market through 2022
According to a TechSci
Research report, “India Men’s Grooming Products Market, By Product Type, By Sales Channel,
Competition Forecast & Opportunities, 2012 – 2022”, India men’s grooming products market
is projected to register growth at a CAGR of more than 15%, in value terms,
during 2017-2022. Over the past few years, India has seen a booming middle
class slowly coming out and asserting themselves. The growth in number of
middle income households has been immense, going from 31.4 million households
in 2011 to over 53 million households in 2015. Along with an expanding middle
class and rising net incomes, Indian households are also starting to spend
more; final consumption expenditure, as a percentage of GDP has risen from
52.71% in 2010 to 59.24% in 2015. Growing awareness about men’s grooming
products, increasing rural penetration and a rising youth population base are
some other factors responsible for the strong growth of the men’s grooming
products market in India.
Browse 8 market data Tables and 46
Figures spread through 131 Pages
and an in-depth TOC on "India
Men’s Grooming Products Market"
https://www.techsciresearch.com/report/india-men-s-grooming-products-market-by-product-type-fragrance-shaving-skincare-haircare-and-moustache-beard-grooming-by-sales-channel-supermarket-hypermarket-grocery-retail-store-online-etc-competition-forecast-opportunities/1012.html
Gillette India Limited, Hindustan Unilever Limited,
Nivea India Private limited, L’Oréal India Private Limited, and J. K. Helene
Curtis Limited are some of the leading players operating in India
men’s grooming products market in 2016. These players are expected to
hold their dominance during the forecast period, owing to their innovative
product offerings, aggressive marketing strategies and robust sales and
distribution channels. In terms of regions, North India and West India were the
major demand generators for men’s grooming products in 2016, and these regions are
anticipated to continue generating significant demand until 2022, owing to
rising marketing activities by the companies in these regions, increasing
per-capita expenditure and growing demand from young male population.
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“Rising demand for
products that repair hair damage, skin damage, signs of ageing, etc., developing
economy with consumers having higher disposal incomes, continuous product
innovation and diversification by leading players in different segments,
increasing availability of foreign brands through e-commerce coupled with celebrity
endorsements of popular brands are few of the major factors that are expected
to steer growth in men’s grooming products market in India over the course of
next five years.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Men’s
Grooming Products Market, By Product Type, By Sales Channel, Competition
Forecast & Opportunities, 2012 – 2022” has evaluated the future growth
potential of men’s grooming products market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
to take sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in India men’s grooming products market.
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