subject: Indian Cosmetic Market Surging Despite Recession by:Shushmul Maheshwari [print this page] The Indian cosmetic market, which comprises of skin care, hair care, color cosmetics, fragrances and oral care categories, has outperformed worlds leading cosmetic markets in terms of growth in the recent past. Various factors, such as higher disposable income and influence of western culture, have majorly contributed to the growth and counterbalanced the impact of economic slowdown. These factors have also provided a solid platform to the market to grow at a CAGR of close to 7% during 2009-2012, says our new research report, Indian Cosmetic Sector Analysis (2009-2012).
We have thoroughly analyzed the market forces critical for the success of market and found that majority of cosmetic market is formed by the Indian middle class consumers, whose purchasing habits are heavily influenced by the western culture. It has also been identified that the Indian consumers have reacted positively to the advanced segments of the cosmetic market. The growth rates registered by Spa, Salon and Herbal cosmetics segments in the last few years have been phenomenal.
In coming years, these cosmetic segments will prove to be critical for overall growth of the cosmetic market, says a Research Analyst at RNCOS.
Our report also reveals that the traditional cosmetic segments such as skin care, color cosmetics, hair care are continuously registering fast growth rates amid growing awareness about personal care and hygiene. Rapidly surging demand in these segments will not only sustain the impressive growth rate, but will also provide significant expansion opportunities to market players during forecast period.
The in-depth research done on all the important cosmetic market segments in Indian Cosmetic Sector Analysis (2009-2012) is based on thorough analysis of current and future market condition, market trends and competitive landscape.
The report gives a deep insight into the industry and helps the clients in informed decision making process. Report has been made measuring the impact of worldwide economic slowdown on the cosmetic market and thus it provides the refined understanding of the market within current economic outlook.
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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