Make-up Remover to Lead Growth in the Indian Skincare Sector up to 2017
15 August 2013
Despite its small share in the Indian Skincare market, Make-up remover is expected to have the fastest growth in the sector up to 2017, according to Canadean. The category will grow at a Compounded Annual Growth Rate (CAGR) of 15.7% by value and 12.4% by volume up to 2017.
Healthy growth anticipated for Indian Skincare sector to 2017
Growing ahead of only Male Toiletries and Oral Hygiene, the Indian Skincare sector will grow at a CAGR of 14.5% by value and 11.4% by volume up to 2017. Product innovations such as make-up removers and toners for various skin types will help to bolster the Make-up Remover category, with Face Make-up in particular recording strong growth. The mature Body Care category will show the least growth of the sector up to 2017. Value will grow at a CAGR of 11.5% and volume will grow at a CAGR of 8.9% during the same time period.
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