India Skin Care Dermacosmetics Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
Get a Comprehensive Overview of the India Skin Care Dermacosmetics Market Report Prepared by P&S Intelligence, Segmented by Brand (Skinshine, Cetaphil, Dermadew, Melaglow, Lacto-Calamine, The Derma Co., Venusia, Ahaglow, SkinLite, Dermafique, Neutrogena, Aveeno, Sebamed, BIODERMA), Application (Acne, Dark Circles, Psoriasis, Skin Repair, Wrinkles and Fine Lines, Scars), and Geographic Regions. This Report Provides Insights From 2017 to 2030.
India Skincare Dermacosmetics Market Size
Market Statistics
Study Period | 2017 - 2030 |
2023 Market Size | USD 256.2 Million |
2024 Market Size | USD 280.3 Million |
2030 Forecast | USD 505.0 Million |
Growth Rate (CAGR) | 10.3% |
Largest Region | North India |
Fastest Growing Region | West India |
Nature of the Market | Fragmented |
Largest Application Category | Acne |
Market Size Comparison
Key Players
Key Report Highlights
|
Explore the market potential with our data-driven report
India Skin Care Dermacosmetics Market Analysis
The Indian skin care dermacosmetics market size was USD 256.2 million in 2023, which is expected to witness a CAGR of 10.3% during the forecast period 2024–2030, to reach USD 505.0 million in 2030. The key factors responsible for the growth of the market include the increasing inclination toward spending on appearance, rapid shift toward e-commerce, growing prevalence of skin diseases, and teens growing older at an early age.
The increasing consciousness of appearance has a positive shift in skincare regime among teens. During the historical period, dermacosmetics were more in demand by women aged between 23 and 50 years. However, teenagers are now using them to enhance their beauty as well as to stop the early signs of aging. This demographic is aware of the ways to protect their skin from external damage by utilizing dermacosmetic products, such as sera, toners, and cleansers, at an early age. With the adoption of a wide range of such products, the market size is expected to increase in the future.
In India, there is an increasing demand for these products with a focus on improving skin and hair health. With this, there is also a rise in research and development (R&D) investment to develop effective and advanced products. This is primarily attributed to the increasing number of conferences hosted by the cosmetics industry, in which scientists and manufacturers share their expertise and discuss the latest technologies in this domain. For instance, in February 2023, the Second International DERMACON and 51st National Conference of Indian Association of Dermatologists were held at Jio World Convention Centre, India. The aim of this conference was to provide a platform to practitioners and researchers to talk about the new innovations in the dermatology field.
Moreover, e-commerce is expected to continue to play a key role in the growth of the industry over the forecast period. As consumers return to increasingly time-pressed lifestyles and demand convenience, they are expected to turn to the most-convenient ways of shopping. Meanwhile, the pandemic reinforced the need for brands to have a digital presence.
Online shopping and home delivery services saw a rise due to the temporary closure of beauty specialist retailers and department stores. Although the move toward e-commerce was already evident before the pandemic, the closure of retail outlets and fear of infection even after reopening led to a stronger influx of consumers to e-commerce.
They valued the convenience and safety of online shopping and home delivery when they were unable or unwilling to leave their homes. The rapid shift to the digital and online world, although an immediate impact of the pandemic, could result in long-term changes to the distribution of dermacosmetic products. This is coupled with the rising rates of internet penetration, which is enabling more consumers to transition online.
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.
Skincare Dermacosmetics Companies in India:
- Emami Group
- Cadila Pharmaceuticals Limited
- HEGDE & HEGDE PHARMACEUTICA LLP
- Piramal Enterprises Limited
- Honasa Consumer Limited
- Torrent Pharmaceuticals Ltd.
- Galderma S.A.
- Johnson & Johnson Services Inc.
- NAOS
- Sebapharma GmbH & Co. KG
- NYKAA E-RETAIL LIMITED
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.
Frequently Asked Questions About This Report
The Indian skincare dermacosmetics market value will reach USD 505.0 million in 2030.
The market for electric bus will touch USD 280.3 million in 2024.
The major drivers include the increasing emphasis on facial appearance, the surge in online shopping trends, the rising prevalence of skin diseases, and early adulthood entry among teenagers.
Skinshine held the largest market share of 20% in 2023.
Cetaphil will experience the fastest growth rate of 10.8%, showcasing robust development prospects.
The acne category held the largest market share in 2023.
The northern region dominated the Indian skincare dermacosmetics market.
Request the Free Sample Pages
Want a report tailored exactly to your business need?
Request CustomizationWe are Trusted by
Working with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
IndiaOur insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws