Insights of various Markets
India Skin Care Market Synopsis
India Skin Care Market is anticipated to grow tremendously in the country in the upcoming years owing to various factors such as increasing per capita income, growing awareness about skin care products, rising population and changing lifestyle. Being aware of skin care, consumers are now shifting their preferences towards organic and herbal ingredients-based skin care products, which will offer opportunities for cosmetic brands to create chemical-free products and earn great profit margins. The emergence of various online platforms such as Amazon, Flipkart and Nykaa also generates an opportunity for market players to increase their presence across different locations.
According to 6Wresearch, the Skin Care Market size in India is estimated to grow at a CAGR of 2.68% during the forecast period 2023-2029 and it will reach US$ 10.98 Billion. With the increasing income level of the population in India, enabling them to spend on premium skin care products manufactured by leading cosmetics companies like L’Oreal SA, Unilever PLC etc., This has enabled them to take better advantage of innovative product offerings available in the market at higher prices than those offered by local manufacturers.
India Ice Cream Market Synopsis
India Ice Cream Market is anticipated to grow significantly over the coming years on the back of growing demand for indulgent products, increasing affordability due to lower price points, and rapid urbanization. Additionally, increased disposable incomes and changing lifestyles among young customers, who prefer innovative ice creams to taste new flavours. The rising health awareness amongst consumers, who prefer healthy food options that also provide pleasure while eating. This is creating an opportunity for the manufacturers to introduce healthy yet tasty ranges of ice creams to cater to customers' requirements.
According to 6Wresearch, the India Ice Cream Market size is estimated to rise at a CAGR of 17.8% during the forecast period 2023-2029. The market growth is influenced by some aspects such as increasing population income level, the emergence of online outlets, and increasing consumer base with the growing population rate in the country. Consumers are seeking a wide variety of flavours and premium-quality ice creams, and the demand for innovative flavours has surged.
India Two-Wheeler Market Synopsis
India Two-Wheeler Market is estimated to surge in the coming years due to increasing consumer preference for affordable and fuel-efficient modes of transport. Growing urbanization and improved economic conditions are expected to drive the growth of the Indian two-wheeler market in the coming years. The growing adoption of electric vehicles is also anticipated to augment the demand for two-wheelers in India during this forecast period. Furthermore, various government initiatives such as tax exemptions, and subsidies on electric vehicles will further propel sales of two-wheelers in India over the coming years.
According to 6Wresearch, theTwo-Wheeler Market size in India is estimated to expand at a CAGR of around 17.82% during the forecast period 2023-2029 and it will reach the volume of 48.4 Million. The market growth is influenced by various growing aspects such as rapid urbanization, increasing electric two wheeler mobility, and increasing demand by the rural population. The rising economic growth and income levels have resulted in increased consumer spending, especially in the middle-class segment.
India Mobile Phone Accessories Market Synopsis
India Mobile Phone Accessories Market is estimated to gain momentum in the coming years in the country the growth of the market is attributed to increasing disposable incomes, growing smartphone penetration coupled with rising demand for wireless headphones and earphones, surging need for power banks, and growing adoption of wearable devices. Moreover, technological advancement such as the introduction of 5G technology has further supplemented the growth prospects of this industry.
According to 6Wresearch, the India Mobile Phone Accessories Market size is estimated to expand at a CAGR of 9.70% during the forecast period 2023-2029. Growing disposable incomes have led to increased spending on luxury items including premium smartphones and their associated accessories in India. This has propelled the demand for high-end mobile phones which are more expensive than those offered at lower prices with fewer features or specifications accompanied by a wide range of associated cases & covers, screen protectors and other accessories specifically designed or customized for these high-end phones.
India Mattress Market Overview
India mattress market is expected to grow over the coming years underpinned by the increasing population in India is driving the growth of this market. Moreover, rising disposable income has enabled customers to purchase quality mattresses, thereby driving the demand for mattresses across urban and rural areas. Additionally, increasing awareness regarding health benefits associated with sleeping on comfortable beds is contributing towards the growth of the market as well. Furthermore, easy access to financing options such as EMI and credit cards are encouraging more people to invest in sleep solutions like mattresses that can provide better comfort while sleeping.
According to 6Wresearch, the India Mattress Market size is projected to expand at a CAGR of 8% during the forecast period 2023-2029. The market growth is driven by various aspects such as rising income of middle-class population, changing lifestyle leads to a high purchase of premium mattress, and emergence of ecommerce stores. The growing population in India continues to be a major factor driving demand for mattress products over time. As demographic trends indicate an increase in India’s population, there will be more individuals requiring basic home essentials such as mattresses for better rest and relaxation daily.
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