Project Report For Body lotion
Project report for Body lotion is as follows.
Customers’ growing knowledge of skin cleanliness is helping to drive significant growth in the Indian body lotion market. These lotions are suitable for all skin types, including oily, dry, and routine. As a result of this high demand for personal hygiene and skin care goods like body lotions, manufacturers have seen a boom in their business. There has been an upsurge in demand for body lotions due to various variables related to skincare.
Demand for body lotions with many benefits, such as anti-ageing ingredients and UV protection, is rising steadily. As a result, it may be viewed as a tremendous chance for growth and development.
Low-viscosity topical preparation is meant for application to the skin. A lotion is called Creams, and gels, on the other hand, have a higher viscosity due to their reduced water content. You can use a cotton wool ball, brush, clean cloth, or your hands to apply lotion to your skin.
Even while a lotion can be used to transport medicine, most creams, notably hand and body lotions and allergy lotions, are made to do nothing more than hydrate the skin and, in some cases, scent it. In addition to creams and lotions and sprays, sunscreens and moisturizers may be offered in a variety of other forms as well. Lotions prescribed by dermatologists can be used to treat or prevent skin problems. Lotion, cream, and ointment can all contain the same medicinal component.
Market potential & Strategy
By the end of Financial Year 2026, the India Cosmetics Market is expected to be valued at INR 2.9 billion, increasing 16.39 percent over the forecast period. As disposable income rises, purchasing power increases, resulting in an anticipated increase in market demand. Another critical factor projected to boost the cosmetics market over the forecast period is the emergence of internet shopping and a rising preference among young people for skincare and other grooming goods.
There has also been a rise in customer understanding and inclination for sophisticated skincare products that make people appear attractive and enhance their skin type. Manufacturers are taking advantage of the growing demand for herbal cosmetic goods in India. For the first time, India has become one of the world’s most important markets for cosmetics, especially for women.
As per category, distribution channel, and competition, the Indian Cosmetics Market may be segmented. The market is divided into body care, hair care, color cosmetics, men’s grooming, perfumes, etc. With a market share of 45.01 percent in Financial Year 2020, body care goods such as hand cream, body lotion, and others are expected to lead the industry for years to come.
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