The India Skincare Dermacosmetics Market was valued at US$ 189.7 million in 2021 and is predictable to reach US$ 459.0 million by 2030 which is projected to attain a CAGR of 10.2 % during the forecast period from 2021- 2030.
Improving aesthetic appeal, rising prevalence of skin-related diseases such as freckles, hyperpigmentation, acne, deep wrinkles, atopic dermatitis, dyspigmentation, psoriasis, melasma, and teenagers growth at an early age, and inclination towards e-commerce are the factors attributing to the growth of the market during the forecast period.
The causes of such skin-related diseases are common and excessive exposure to air pollution & UV rays. Increasing consciousness among the consumers of India for improving the aesthetic appearance and focus for their skin is propelling the market rise for derma cosmetic products. Acne is the chief application in the Indian skincare market owing to the huge prevalence of the disease. In addition, the availability of skincare dermacosmetics and increasing indispensable incomes of the Indians across various e-commerce sites is another prime reason augmenting the market growth during the forecast period.
However, huge competition and fake counterfeit skincare dermacosmetics products are hampering the market growth. Moreover, a huge inclination for personalized products, new product launches & inclination towards e-commerce companies, and advertisement campaigns by the key players are expected to propel market growth.
The India Skincare Dermacosmetics Market is segmented by application and distribution channel. By application, it bifurcates into dark circles, skin repair, scars, acne, psoriasis, wrinkles & fine line. Based on distribution channels, it is categorized into drug stores, supermarkets & hypermarkets, and e-commerce.
Prominent players inducing the India Skincare Dermacosmetics Market are HEGDE & HEGDE PHARMACEUTICA LLP, Honasa Consumer Private Limited (The Derma Co.), Galderma SA, NAOS, Abbott Laboratories, Cadila Healthcare Ltd. (Zydus Cadila), Cadila Pharmaceuticals Limited, Piramal Enterprises Limited, Torrent Pharmaceuticals Ltd., Johnson & Johnson, Sebapharma GmbH & Co. KG, Dr. Reddy’s Laboratories Ltd., and ITC Limited among others.
Segmentation and Scope of the India Skincare Dermacosmetics Market
India Skincare Dermacosmetics Market is segmented by application, distribution channel.
By Distribution Channel
Prominent players in the India Skincare Dermacosmetics Market among other includes