The Rejuvenating Skin care Sector in India
Who doesn’t love a healthy and glowing skin? And to get that dewy fresh skin, no one even hesitates going an extra mile. Especially when the sun, the weather, wounds and pollution are always set to harm your skin being a foe, taking care of your ‘oh-so-sensitive’ skin gets more important. Agree people? Yeah?
Skincare, being the cornerstone of personal care and beauty for the past few years. The industry comprises all skin care products such as facial care, hand and body care, sun care products and depilatories. The sector encompasses manufacturers’ segment revenue related to skin care products.
The growing use of organic and natural skin care products is pushing new manufacturers to enter into the market. And those who are already engaged in this business line are finding medium for globalizing their brand.
Invest in Skincare Sector Today!
SWOT ANALYSIS OF SKINCARE INDUSTRY IN INDIA:
Strengths
- Low operational costs
- Strong distribution networks in both urban and rural areas
Weaknesses
- Lower scope of investing in technology and achieving economies of scale, especially in small sectors
- Low exports levels
Opportunities
- Untapped rural market
- High consumer goods spending
Threats
- Removal of import restrictions resulting in replacing of domestic brands
Innovation of new product in the skin care product line such as a new range of, anti-wrinkling, anti-aging and sun care products brought & will keep bringing consistent demand for newer products which are helping companies to maintain and gain market share. Though competition in the industry is high due to the large no. of small players.
As the revenue of global skin care products industry is forecast to reach an estimated $102.3 billion in 2018 with good growth over the next 5 years. Experts suggest it’s a safe bet. What would you say?
For more details
Contact No . – +91-11-46710506
Email id – helpdesk@getdistributors.com
Or visit – https://www.getdistributors.com/distributors/health-beauty/skin-care-products-distributors.html
About the Author: GD Author
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