‘The significant make-up market in the country to strengthen the overall personal care ingredients market as it will reach to INR 66 Billion in 2019’, says- RNCOS.
Noida, UP -- (SBWIRE) -- 12/26/2014 -- Personal care active ingredients sector is a vibrant industry with growing potential to emerge into an established market. A variety of factors ranging from innovation to legislation has diverse consequences on its growth. Increasing awareness about specialty cosmetics, demand for specific functional benefits and appearance of international players in the domestic market has shaped the industry further.
Color cosmetics industry which is also known as make-up market is rapidly expanding segment of overall personal care market in the country. Color cosmetics were generally regarded as expensive and self-indulgent materials, though it has inclined its exposure rapidly through mass media in the past few years. Color cosmetics market has been registering substantial growth and is expected to grow at a CAGR of around 23% over the period 2014-2019. The large chunk of the contribution will come from the Indian middle class consumers. Other than this, increasing literacy rates among females will translate into high employment opportunities which in turn will bolster the color cosmetics sales. This will intensify the overall personal care ingredients market in the country in the coming few years. The industry will register a CAGR of around 13% in the coming few years from 2014-2019.
RNCOS latest research report titled "Booming Indian Personal Care Ingredients Market Outlook 2019" aims to provide a comprehensive analysis of the market. The report covers current and projected performance of the market and its segments. In-depth analysis of active and inactive ingredient markets, their sub segments shall prove beneficial for the players operating/entering in these segments. Besides highlighting the opportunities in the form of industry trends, the study profiles the key players in the industry along with their product portfolio. The supply chain model and regulatory framework have been described in the report. Importantly, the research report also presents the market projections for the personal care market which is the consumer industry for the ingredients. We believe the report shall serve as a business strategy guide for the market entrants/incumbents and strategy formulators.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.