
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.
More Stories
ChocoCraft Completes 10 Years of Business
New Delhi (India), March 30: ChocoCraft, a leading manufacturer of personalised chocolates, has completed 10 years of successful business operations....
Financial Wellness for Employees Top Priority reveals whitepaper by Jify & SHRM
Mumbai (Maharashtra) [India], March 30: Financial wellness start-up Jify joined hands with Society for Human Resource Management to understand financial...
TransGlobe Expands Global Reach, Empowers Students with Cheteshwar Pujara as Brand Ambassador
New Delhi (India), March 30: TransGlobe, a renowned foreign education consultancy, is revolutionizing the study abroad experience for thousands of...
Grand trailer launch of Hindi film “Bera Ek Aghori”
New Delhi (India), March 30: The trailer launch of Film Production House Dhiraal Entertainment Presents Hindi film “Bera-Ek Aghori” held...
nCircle Tech’s Co-Founder & CEO, Varun Bhartiya Felicitated at Times 40 Under 40
nCircle Tech’s Co-Founder & CEO, Varun Jain, felicitated by Rakul Preet Singh at Times 40 Under 40 event in Bengaluru...
Bhargava Phytolab Director & Founder, Karan Bhargava Felicitated at Times 40 Under 40
Bhargava Phytolab Director & Founder, Karan Bhargava, felicitated by Rakul Preet Singh on Times 40 Under 40 event in Bengaluru...
Average Rating