India Herbal Personal Care Product Market Report, 2021 Share, Key Players, Segmentation Analysis, Business Growth and Forecast to 2027, Growth, Applications, Major Drivers, Value and Foreseen till 2027
India Herbal personal Care Product Market is expected to reach the market valuation of USD 5.2 billion by 2027 expanding at a reasonable CAGR of 9.3% during the forecast period (2021-2027) from USD 2.8 billion in 2020. Herbal personal care products are skincare, hand care, face care, and many such products which are made up of natural and organic ingredients.
Indian
Herbal Personal Care Product Market is expected to grow remarkably over the
analyzed period due to the side-effects from the chemicals present in the
synthetic personal care products and increased awareness among the consumers
about the product’s ingredients. In addition, the rise in total per capita
spending coupled with emerging advancements in technology, and the wide
availability of organic and natural products are some other major factors that
are driving the growth of the market domestically. For instance, around
68% of Indian consumers look for natural ingredients in hair care, 71% of the
consumers look for natural ingredients in skincare and 66% of the consumers
look for natural ingredients in cosmetic products.
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Based on product type, the market
has been segmented into hand care, color cosmetics, face care, hair care, and
body care. The face care segment dominated the market in
2020 and generated a revenue of USD XX billion due to the high demand for organic ingredients in the product.
It is anticipated that the segment will maintain its dominance during the
forecast period. Moreover, the addition
of new herbal ingredients with new benefits in the personal care products is
also boosting the market. For
instance, Shahnaz Husain released a moisturizing cream consisting of
ingredients such as dates, honey, and distilled rose water.
Based on the distribution channel,
the market is fragmented into traditional & departmental stores,
supermarkets/hypermarkets, specialty store chains, and online.
The traditional & departmental
stores segment dominated the market in 2020 and generated a revenue of USD
XX billion. It is anticipated to maintain its dominance during the forecast
period. However, the
online segment is expected to witness the highest CAGR during the analyzed
period.
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Additionally, this report also detailed regional market
analysis of the Indian herbal personal care product market including North,
West, South, East, and the rest of India. South
India dominated the market and generated revenue of USD XX billion in 2020
owing to the increased awareness and growing disposable income amongst the
people in the region. Further, the health benefits from herbal products
are also augmenting the demand in the region. For instance, according to
MoSPI, Andhra Pradesh has reported the highest growth in the herbal personal
care segment with a value of 40% followed by Tamil Nadu with a growth of 38%.
Some of the major players operating in the market
include Patanjali Ayurveda Ltd, Dabur Limited, The Himalaya Drug Company,
Amway, Lotus Herbals Private Limited, Emami, Godrej Consumer Products,
Palmolive, Unilever Group, and Johnson & Johnson. Several
M&As along with partnerships have been undertaken by these players to boost
their presence in different regions of India.
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Indian Herbal
Personal Care Product Market Segmentation
Market Insight,
by Product Type
·
Hand Care
·
Color Cosmetics
·
Face Care
·
Hair Care
·
Body Care
Market Insight,
by Category
·
Mass
·
Mid-Premium
·
Premium
Market Insight,
by Distribution Channel
·
Traditional/Departmental
Stores
·
Supermarkets/Hypermarkets
·
Specialty
Stores
·
Online
Market Insight,
by Region
·
North
·
West
·
South
·
East
·
Rest of India
Top Company Profiles
·
Patanjali Ayurveda Ltd
·
Dabur Limited
·
The Himalaya Drug Company
·
Amway
·
Lotus Herbals Private Limited
·
Emami
·
Godrej Consumer Products
·
Palmolive
·
Unilever Group
·
Johnson & Johnson
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