EMR’s new report titled ‘Indian Coconut Oil Cosmetics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Indian Coconut Oil Cosmetics Market coco, assessing the market based on its segments such as types, applications, premiumization, distribution channels and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 247 KMT
- Forecast CAGR (2021-2026): 3.6%
- Forecast Market Size (2026): 295 KMT
Coconut oil has been popular and widely used in many ways in India. Recently, due to the growing demand for natural products and growing health awareness among Indian customers, coconut oil is increasingly being used in the cosmetics industry, with particular emphasis on the use virgin coconut oil (VCO). Young and matured coconut is used to make virgin coconut oil. This oil is mainly used as a body massage oil and as a component of Ayurvedic medicine. It is a kind of hair oil. It is added to the body of babies to protect them from skin problems. Virgin coconut oil, as opposed to regular coconut oil, is in high demand. The Indian government has established a minimum support price for milling and table copra. Coconut oil and copra prices remained generally weak in all major markets.
Industry definition and major segments
Coconut meat, milk, water, oil and sugar are all widely recognized as valuable products provided by the coconut. Coconut oil is currently the subject of much research and commercial interest in the cosmetics industry. Moisturizers, shampoos, lip balms, mouthwashes, sunscreens, hair oils, and massage oils filled with coconut oil can be found throughout the country. Investors are also interested in this market and are propelling growth.
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The market is segregated based on type into:
- extra virgin
In terms of Application, the market is segmented into:
Based on premiumization, the sector is divided into:
The different product distribution channels include:
- Supermarket and Hypermarket
- grocery stores
- Cosmetics shops
- In line
The coconut oil cosmetics market in India is driven by increasing disposable incomes, increased customer awareness, rise of skin care and beauty companies offering indigenous alternatives and growing health awareness among young Indians and middle class customers. Clinical skincare is on the rise, while Ayurvedic beauty companies have been local skincare leaders for decades. With the outbreak of the COVID-19 pandemic, there has been a substantial increase in the demand for natural skin care products. The demand for such oils in the cosmetics industry is often driven by their aesthetic benefits. Additionally, increased skin problems due to toxins, hormonal imbalances, genetic abnormalities and other factors are likely to drive demand. Growing demand from the facial oil industry is expected to fuel the company’s expansion in the coming years. There has been a trend away from raw and Ayurvedic products and towards products that are more results and ingredient driven. Consumers are increasingly looking for conventional health and cosmetic products made from natural ingredients that have a medicinal level of action. The use of virgin coconut oil (VCO) as a nutritional, nutraceutical and cosmetic dietary supplement with medicinal properties is growing in popularity. There is currently great scientific and commercial interest in the use of VCO in cosmetic formulations. Rising R&D is also expected to drive the market growth over the forecast period.
Main market players
The major market players are Dabur India Ltd., Patanjali Ayurved Limited, Beiersdorf AG, Kama Ayurveda Pvt. Ltd., Marico Ltd. and Bio Veda Action Research Co., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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