Business

Skin Care Market in India to Grow Significantly In Next 5 Years, Says Eunike Founder Aryaman Thakur

November 27: The skin care products market was valued at INR 129.76 billion in 2020, and it is predicted to increase at an annual pace of 8.22 per cent between 2021 and 2025, reaching INR 191.09 billion by 2025.

In India, the skin care products market is divided into four categories: face, body, sun, and other skin care products. Face care products dominated the market in terms of revenue, accounting for 57.22% of the market in 2020. During the period 2021–2025, the other skin care products category, which includes depilatory products for the face and body, is predicted to develop at the quickest CAGR of 10.13 per cent.

Aryaman Thakur, Founder of Eunike said, “A rise in the incidence of skin diseases, as well as improved public awareness about skin health, are two key drivers propelling market expansion. Furthermore, the industry is being driven by simple access to these products via company websites and online channels, as well as doorstep delivery. However, the availability of low cost and cheap counterfeit products limit its growth.”

Continuing further, “My younger brother and Me, Tushar Thakur, founded Eunike with a firm decision to develop luxury and premium skin care products by merging the knowledge of nature and the methods of science. Our skincare range is naturally derived as we use products like coffee, coconut, apple cider vinegar which has several skin benefits in one.” He added.

The nationwide lockdown imposed in the aftermath of the pandemic had a significant influence on the market’s supply chain and manufacturing activity. Due to the shutdown of stores, supermarkets, parlours, and salons, demand for skin care products dropped dramatically during the lockdown. However, after the initial phase of the lockdown was lifted, sales of home skin care kits increased. As skin care distribution channels such as retailers, spas, parlours, and salons reopened, the market gradually stabilised.

47 Replies to “Skin Care Market in India to Grow Significantly In Next 5 Years, Says Eunike Founder Aryaman Thakur

  1. Hey, you used to write magnificent, but the last several posts have been kinda boring… I miss your super writings. Past several posts are just a little bit out of track! come on!

  2. Hello there! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My site goes over a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you’re interested feel free to send me an email. I look forward to hearing from you! Fantastic blog by the way!

  3. Its such as you read my thoughts! You seem to know so much about this, such as you wrote the ebook in it or something. I feel that you just can do with a few percent to drive the message house a bit, but instead of that, that is fantastic blog. An excellent read. I’ll definitely be back.

  4. Comprehensive side effect and adverse reaction information. safe and effective drugs are available.
    cost of ivermectin
    Some are medicines that help people when doctors prescribe. Some are medicines that help people when doctors prescribe.

Leave a Reply

Your email address will not be published.