Personal Care Companies in India are on a strong growth trajectory.
This year, there are more than 10,000 companies active in the sector, with a projected growth of more than 30% in the coming quarters.
The growth of these companies has led to a big impact on the market in terms of the consumer perception of the products and the performance of the companies.
In the coming years, the sector will see a lot of growth, said Anupama Rastogi, MD, FMC Capital, an investment bank.
“It is important to note that these are all based on very optimistic projections, but we believe they are going to see significant growth over the next couple of years.”
Here are some of the main sectors in the industry that are set to see huge growth in the next two years.1.
Personal Care Products (PVC) – Companies are looking at increasing their share in the business.
This is because the consumer’s expectations are changing and more people are looking for a range of products.
“The number of people looking for personal care products is expected to increase over the course of the next decade.
It will continue to grow, but at a slower pace,” said Anant Singh, Head, Business, ASEAN Consumer, India, the global market leader.2.
Personal Health Care (PH) – This sector is expected at around $500 billion by 2021, up from $200 billion in 2020.3.
Personal Services (PS) – PS is expected rise to around $400 billion in 2021, a 25% increase from $250 billion in 2019.4.
Consumer Goods (COG) – COG is expected grow to around Rs 5,000 billion by 2020, up 8.2% from $2,000 in 2020, as compared to Rs 3,000bn in 2020 and Rs 1,000b in 2019.(Reuters photo: Gaurav Khanna)5.
Electronics & Technology (ET) – ETC is expected gain around Rs 1 lakh crore by 2021 from Rs 1.2 lakh crore in 2020.(Reuters Photo: Vishnu Vasudevan)6.
Consumer Appliances (CA) – CA is expected for a huge growth of around Rs 500 crore by 2020.7.
Healthcare & Dentistry (H&D) – H&D is expected increase to around £50 billion by 2019.(AP: Piyush Pandey)8.
Energy & Power (E&P) – Energy & power is expected in 2019 to grow to about Rs 2,000 crore from Rs 700 crore in 2019, said the experts.(Reuters pic: ANI)9.
Personal Computers (PC) – PC is expected around Rs 700 million by 2020.(Getty Images: Javed Kishore)10.
Automotive & Industrial (AIC) – AIC is expected of growing to around 1.5 times its current size by 2021.(Reuters) 10.
Electronics (EW) – EW is expected expand to around 6 times its size by 2020(Reuters)