India Retail Cosmetics Market, By Type (Body Care, Hair Care, Face Care, Others (Fragrances etc.)), By Sales Channel (Supermarkets/Hypermarkets, Exclusive Stores, Multi-Branded Stores, Online, and Others (Pharmacy & Drug Stores etc.), By Region, By Competition Forecast & Opportunities, 2019-2029F

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Summary

Report Description

Forecast Period

2019-2029

Market Size (2023)

USD 20.64 Billion

CAGR (2023-2028)

4.34%

Fastest Growing Segment

Body Care

Largest Market

North India

Market Overview

The India Retail Cosmetics Market has valued at USD 20.64 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.34% through 2029. The India retail cosmetics market presents a dynamic landscape with significant growth potential. Fueled by a burgeoning middle class, urbanization, and changing consumer preferences, the sector has experienced rapid expansion. Global and domestic brands vie for market share across skincare, makeup, fragrances, and personal care. E-commerce's rise has transformed purchasing patterns, offering convenience and access to a wider range of products. However, challenges persist, including regulatory complexities and intense competition. With increasing beauty consciousness and disposable income, the market is poised for sustained growth, prompting innovative marketing strategies and a focus on affordability, quality, and cultural relevance.

Key Market Drivers

Rising Disposable Income

Rising disposable income in India is set to propel the retail cosmetic market. As more individuals experience improved economic conditions, their purchasing power for non-essential goods like cosmetics increases. This upward income trend cultivates a larger consumer base with the means to invest in skincare, makeup, and personal grooming products. As beauty consciousness grows alongside income levels, the cosmetics industry stands poised to capitalize on these favorable conditions, offering a diverse range of products to cater to evolving preferences and lifestyle aspirations.

Increasing Beauty Awareness

The escalating awareness of beauty in India is a potent catalyst for the retail cosmetics market. As consumers become more conscious of skincare, grooming, and personal appearance, the demand for cosmetic products surges. This heightened awareness, amplified by media, influencers, and cultural shifts, propels individuals to explore a variety of beauty products. Brands can respond by innovating and diversifying their offerings, tapping into this growing aspiration for self-enhancement. This trend not only stimulates market growth but also encourages the development of products aligned with consumers' evolving perceptions of beauty, fostering a vibrant and dynamic cosmetics market.

Expanding Retail Infrastructure

The expansion of retail infrastructure in India is poised to significantly boost the retail cosmetics market. With the proliferation of modern retail formats, shopping malls, and urbanization, consumers have greater access to cosmetic products. The enhanced visibility and convenience offered by these retail spaces encourage more frequent and diverse cosmetic purchases. Additionally, these outlets serve as platforms for brands to engage customers through immersive experiences and personalized recommendations. As the retail landscape continues to evolve, cosmetics companies can strategically position themselves to capture a broader consumer base, tapping into the increased footfall and customer interest. This expansion of retail infrastructure acts as a driving force, elevating the growth trajectory of the India retail cosmetics market.

Urbanization

Urbanization has propelled the expansion of India's retail cosmetics market. As more people migrate to cities, exposure to diverse beauty trends and a heightened focus on personal appearance have become prevalent. This urban lifestyle fosters a culture of self-presentation, resulting in increased demand for skincare, makeup, and grooming products. Retailers capitalize on this urban consumer base by offering a wide array of cosmetic options through various channels. The urban landscape's fast-paced nature also encourages convenience-driven shopping, prompting the growth of online cosmetics retail. Urbanization continues to play a pivotal role in shaping the market's dynamics and driving its robust expansion. 

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Key Market Challenges

Regulatory Complexity

The India retail cosmetics market, characterized by its immense potential and dynamic growth, also faces a significant hurdle in the form of regulatory complexity. The labyrinthine nature of regulations pertaining to cosmetics manufacturing, labeling, testing, and distribution poses challenges for both domestic and international brands operating in the country. This intricate regulatory landscape has far-reaching implications on the industry's operations, product development, consumer safety, and market growth. The regulations mandate specific labeling requirements, including the listing of ingredients using International Nomenclature of Cosmetic Ingredients (INCI) names. Complying with these requirements can be daunting, particularly for brands with a wide range of products or those using traditional or local ingredients.

Counterfeit Products

Counterfeit products pose a substantial challenge to the India retail cosmetics market. The proliferation of fake and substandard cosmetic goods not only erodes consumer trust but also is not good for public health. These illicit products often lack proper quality control and may contain harmful ingredients, leading to adverse skin reactions and other health issues. Moreover, the presence of counterfeits can damage the reputation of legitimate brands and deter consumers from making purchases. Addressing this challenge requires a concerted effort from regulatory authorities, law enforcement, and industry players to enhance product authentication measures, educate consumers, and implement stricter enforcement against counterfeit production and distribution.

Key Market Trends

Changing Lifestyle and Fashion Trends

Changing lifestyle and fashion trends are acting as powerful catalysts, propelling the growth of the India retail cosmetics market. As individuals embrace evolving styles and preferences, there is a heightened emphasis on personal appearance and self-expression. The influence of global fashion icons and social media further amplifies this trend, driving demand for a wide array of cosmetics, from skincare essentials to trendy makeup. Brands are adapting to these shifts by introducing innovative products that align with the latest fashion trends, thereby enticing consumers to explore new looks and experiment with their appearances. This dynamic interaction between changing lifestyles and cosmetic consumption is reshaping the market, ushering in a vibrant era of beauty exploration and consumption.

Influence of Social Media

The increasing influence of social media is poised to significantly fuel the India retail cosmetics market. Social platforms have transformed into virtual beauty communities, where trends, tutorials, and product reviews shape consumer preferences. Beauty influencers wield immense power, driving purchasing decisions through engaging content and authentic endorsements. As consumers seek to emulate their favorite online personalities, the demand for cosmetics surges. Brands are leveraging this trend by creating visually appealing campaigns, collaborating with influencers, and offering interactive shopping experiences. The constant stream of beauty inspiration on social media serves as a catalyst, accelerating cosmetic sales and shaping the industry's trajectory by tapping into the aspiration-driven and digitally connected consumer base.

Demand of Personalized Products

The escalating demand for personalized products is set to energize the India retail cosmetics market. Consumers now seek cosmetics tailored to their unique skin types, concerns, and preferences. This shift from a one-size-fits-all approach drives brands to innovate, offering customizable formulations and shades. Technology, such as AI and skin analysis apps, facilitates personalized recommendations, enhancing the consumer experience. This trend not only empowers individuals to curate their beauty routines but also fosters brand loyalty. As customization gains traction, cosmetics companies are adapting, expanding their product portfolios to cater to individual needs. The surge in demand for personalized cosmetics signifies a transformative force, reshaping the market and enhancing its growth trajectory.

Digital and E-Commerce

The expansion of the online sales channel is poised to significantly fuel the India retail cosmetics market. With the rapid digitalization of shopping, consumers are increasingly turning to e-commerce platforms for their cosmetic purchases. The online channel offers convenience, a wider product range, and the ability to explore reviews and recommendations. Brands are capitalizing on this trend by enhancing their online presence, offering exclusive deals, and leveraging virtual try-on tools to enhance the shopping experience. This shift also aids in reaching customers in remote areas where physical retail presence might be limited. The growing popularity of online cosmetic shopping underscores its transformative impact on the market, fostering convenience-driven growth and reshaping consumer behaviors.

Segmental Insights

Type Insights

As consumers prioritize holistic well-being, body care has emerged as a pivotal category. Rising beauty consciousness, spurred by social media and increased awareness, propels demand for effective body care solutions. Brands are responding with a diverse array of products catering to various skin types and concerns. The trend also mirrors a shift toward natural and sustainable formulations, aligning with eco-conscious consumer preferences. Furthermore, the pandemic has accentuated self-care, further bolstering the bodycare segment. This evolution redefines the market dynamics, compelling brands to innovate, educate consumers, and create quality-driven products that align with the prevailing demand for healthier, radiant skin.

Distribution Channel Insights

The escalating demand for cosmetic products through online sales channels is poised to invigorate the India retail cosmetics market. The convenience, variety, and accessibility offered by e-commerce platforms resonate with digitally advanced consumers seeking a seamless shopping experience. This trend is further accelerated by the ease of exploring reviews, comparisons, and virtual try-ons online. Brands are adapting by optimizing their online presence, introducing exclusive online offers, and leveraging technology to enhance consumer engagement. As this trend gains momentum, it not only expands market reach to previously untapped areas but also transforms consumer purchasing behaviour, redefining the retail landscape, and ushering in a new era of digital-driven growth.

Regional Insights

The north region has established itself as the leader in the India Retail Cosmetics Market with a significant revenue share of 51% in 2022. The North region's burgeoning demand for cosmetics is set to energize the India retail cosmetics market. Urbanization, rising disposable income, and changing beauty preferences are driving consumers in the region to embrace cosmetic products. The presence of metropolitan hubs like Delhi and Chandigarh, known for their fashion consciousness, further amplifies this trend. Brands are strategically focusing on expanding their offerings in this region, catering to the growing appetite for skincare, makeup, and grooming products. As the North region emerges as a pivotal market, it significantly contributes to the market's growth trajectory, reflecting the evolving beauty landscape of modern India.

Recent Developments

  • Absolutely Ayur launched its hair colour shampoo in June 2022. According to the brand, the shampoo will make hair colouring simpler as it will take less than 10 min to colour your hair.
  • The Colors Cosmetics, a new brand launched by Bloomers in July 2021, provides customers with a comprehensive selection of products, ranging from foundations and lipsticks. This brand is designed to address the widespread belief that prescription makeup is inexpensive and of low quality.

Key Market Players

  • Hindustan Unilever Limited
  • L’oreal India Private Limited
  • Emami Limited
  • Johnson & Johnson Pvt. Ltd.
  • Oriflame India Private Limited
  • Himalaya Wellness Company
  • Nivea India Private Limited
  • Amway India Enterprises Private Limited
  • Procter & Gamble Home Products Private Limited
  • Lotus Herbals Private Limited

By Type

By Sales Channel

By Region

•       Body Care

•       Hair Care

•       Face Care

•       Others (Fragrances etc.)

•       Supermarkets/Hypermarkets

•       Exclusive Stores

•       Multi-Branded Stores

•       Online

•       Others (Pharmacy & Drug Stores etc.

 

•       North

•       South

•       West

•       East

 

Report Scope:

In this report, the India Retail Cosmetics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Retail Cosmetics Market, By Type:

o   Body Care

o   Hair Care

o   Face Care

o   Others (Fragrances etc.)

  • India Retail Cosmetics Market, By Sales Channel:

o   Supermarkets/Hypermarkets

o   Exclusive Stores

o   Multi-Branded Stores

o   Online

o   Others (Pharmacy & Drug Stores etc.)

  • India Retail Cosmetics Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Retail Cosmetics Market.

Available Customizations:

India Retail Cosmetics Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Retail Cosmetics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis

4.1.  Brand Awareness

4.2.  Brand Satisfaction

4.3.  Factors Influencing Purchase Decision

5.    India Retail Cosmetics Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Body Care, Hair Care, Face Care, Others (Fragrances etc.))

5.2.2.    By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Exclusive Stores, Multi-Branded Stores, Online, and Others (Pharmacy & Drug Stores etc.)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North Market Share Analysis

5.2.3.2.        South Market Share Analysis

5.2.3.3.        West Market Share Analysis

5.2.3.4.        East Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  India Retail Cosmetics Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    India Body Care Retail Cosmetics Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Sales Channel Market Share Analysis

7.    India Hair Care Retail Cosmetics Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Sales Channel Market Share Analysis

8.    India Face Care Retail Cosmetics Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Sales Channel Market Share Analysis

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10. Impact of COVID-19 on India Retail Cosmetics Market

10.1.   Impact Assessment Model   

10.1.1. Key Segments Impacted

10.1.2. Key Regions Impacted

10.1.3. Key Countries Impacted

11. Market Trends & Developments

12. Porter’s Five Forces Model

12.1.   Competitive Rivalry

12.2.   Bargaining Power of Buyers

12.3.   Bargaining Power of Suppliers

12.4.   Threat of New Entrants

12.5.   Threat of Substitutes

13. SWOT Analysis

13.1.   Strengths

13.2.   Weaknesses

13.3.   Opportunities

13.4.   Threats

14. Competitive Landscape

14.1.   Company Profiles

14.1.1. Hindustan Unilever Limited

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. L’oreal India Private Limited

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Emami Limited

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Johnson & Johnson Pvt. Ltd.

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Oriflame India Private Limited

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Himalaya Wellness Company

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Nivea India Private Limited

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Amway India Enterprises Private Limited

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Procter & Gamble Home Products Private Limited

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Lotus Herbals Private Limited

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.   Key Focus Areas

15.2.   Target Type

15.3.   Target Distribution Channel

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Figures and Tables

Frequently asked questions

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The market size of the India Retail Cosmetics Market was estimated to be USD 20.64 Billion in 2023.

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In 2023, Body care products is the dominating segment by type in the India Retail Cosmetics Market. The escalating demand for body care products is reshaping the India retail cosmetics market. Driven by a heightened focus on holistic well-being and enhanced beauty routines, consumers are prioritizing body care over traditional makeup. This shift is propelled by growing awareness about body care benefits, coupled with a desire for long-term skin health

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The northern region of India is emerging as a dominant force in the retail cosmetics market. The region's increasing disposable income, urbanization, and evolving consumer preferences contribute to its prominence. Global beauty trends often find early adopters in the North, making it a focal point for cosmetic brands' strategies. Moreover, the presence of diverse communities and cultures shapes a dynamic demand for a wide range of products.

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Increasing disposable income and Urbanization and lifestyle changes and increasing influence of social media are the major drivers for the India Retail Cosmetics Market.

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