India Skin Care Dermacosmetics Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

India Skincare Dermacosmetics Market Trends & Growth Drivers

Partnerships among Players Are Key Trend

• Partnerships amongst the players in the Indian skincare dermacosmetics industry are playing a substantial role in increasing accessibility, with respect to the number of products available in the market for customers. Such partnerships are helping in the development of new formulations for better effectiveness for a wider range of dermatological concerns.
• Furthermore, various international luxury brands are partnering with Indian e-commerce beauty product retailers to launch their products in India. For instance, Curology Inc., a provider of dermatological and personalized skincare products, has announced Amazon as its e-commerce partner.

Surging Prevalence of Skin Diseases Is Key Driver

• The incidence of skin-related conditions, such as photoaging, is rising due to excessive exposure to ultraviolet (UV) radiation and pollution. This results in reduced skin elasticity, sunburns, and hair loss.
• Further, skin conditions are caused by numerous factors, such as environmental pollution, excessive intake of alcohol, and use of tobacco. hyperpigmentation, psoriasis, and dyspigmentation. Acne, freckles, atopic dermatitis, melasma, and deep wrinkles are few examples of common skin problems.
• Acne is a common skin disease caused by the clogging of the hair follicles by sebum, dead skin cells, and dirt. It affects the majority of the world’s population and eventually leads to scarring.
• Nowadays, consumers are more inclined toward having a good appearance as it helps them boost their confidence. For this, they are investing more in maintaining and brightening their skin, by reducing the signs of aging, acne, wrinkles, and fine lines with the help of dermacosmetic products. 

Counterfeit Products Are Major Challenge

• With the increase in online sales, the risk of counterfeit skincare products is on the rise. Due to the no-return and no-exchange policies on skincare products, such portals often sell fake products made using artificial and cheap ingredients. This means that consumers may not always get genuine products on these channels, even the reputable ones.
• Side-effects are often reported due to the low-quality ingredients being used in such fake products. This, in turn, damages the reputation of the brand/company whose products are being counterfeited. A large number of counterfeit products seemingly from high-end brands, such as Estée Lauder Companies Inc., The Pierre Fabre Group, Johnson & Johnson, and Unilever PLC, are available at cheap prices.

India Skincare Dermacosmetics Industry Outlook

Brand Insights

• Based on brand, Skinshine held the largest Indian skincare dermacosmetics market share in 2023, of 20%. This is primarily due to the increasing requirement for it to treat and prevent moderate-to-severe melasma, lighten the skin tone or appearance, and reduce senile lentigines (dark spots or age spots in older people due to exposure to the sun).
• It is a topical formulation containing three medicines: tretinoin, mometasone, and hydroquinone.
• Cetaphil is expected to witness the fastest growth, of 10.8%, during the forecast period.

Brand covered in the report include:

• Skinshine (Largest Brand)
• Cetaphil (Fastest-Growing Brand)
• Dermadew
• Melaglow
• Lacto-Calamine
• The Derma Co.
• Venusia
• Ahaglow
• SkinLite
• Dermafique
• Neutrogena
• Aveeno
• Sebamed
• BIODERMA

Application Insights

• Based on application, the acne category accounts for the largest share in 2023. This is primarily due to the large demographic range opting for acne treatment and the large young population in the country. Moreover, the rising disposable income allows Indian consumers to spend more on skincare products for a better skincare regimen.
• In addition, the wrinkles and fine lines application category is expected to witness strong growth in the country. The continuous rise in the awareness among generation X and generation Y for skin problems associated with aging has resulted in an increase in the spending for skin treatments and products to minimize the signs of aging and increasing consciousness of a better appearance.

The following applications are included in the report:

• Acne (Largest Category)
• Dark Circles
• Psoriasis
• Skin Repair (Fastest-Growing Category)
• Wrinkles and Fine Lines
• Scars

Northern India Is Largest Market

• The northern region dominated the Indian skincare dermacosmetics market in 2023.
• This can be attributed to the increasing cases of skin diseases and improving healthcare infrastructure in the region.
• The western region is expected to witness the highest CAGR, of 10.6%, during the forecast period. This is mainly owing to the rising personal spending associated with the personalized care and growing awareness related to the advanced skincare dermacosmetic products.
• Hyderabad, Bengaluru, and Chennai are the most-developed and prominent cities in the Southern region. They have large populations, which is highly aware regarding skin problems and international brands.
• Moreover, in the Tier-1 and Tier-2 cities of North, West, and South India, there has been a shift toward mental and physical wellbeing through use of natural, organic, anti-pollution, anti-aging dermacosmetics products.

The regions analyzed in this report include:

• North (Largest Region)
• West (Fastest-Growing Region)
• South
• East
• Central
• Northeast

India Skin Care Dermacosmetics Market Share

The Indian skincare dermacosmetics industry is fragmented with the presence of several key players. In recent years, the market players have been involved in product launches in order to attain a significant position.

India Skincare Dermacosmetics Industry News

• In September 2022, Torrent Pharmaceuticals Limited announced the acquisition of Curatio Healthcare for INR 2,000 crore.
• In September 2023, Galderma SA announced the launch of a healthy aging skincare product in its dermatologist skincare portfolio.
• In October 2023, NYKAA E-RETAIL LIMITED partnered with Uriage Dermatological Laboratories for the launch of products in India.
• In April 2021, BIODERMA, a brand of NAOS, announced the launch of sebium lotion and night peel. The sebium lotion offers hydration, restores skin pH, and regulates sebum production. While, the night peel contains 15% glycolic acid and aims to reduce blemishes and scarring and restore radiance to the skin.