BASF Leading India Personal Care Ingredients Market Growing at CAGR 9%
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"
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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.
“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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