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Increasing Consumerism Spurs Demand for Personal Care Products Driving Related Surfactants Market in India Finds Frost & Sullivan - Use of multifunctional surfactants expected to gain momentum in the country - Chemicals.Frost.com
Increasing Consumerism Spurs Demand for Personal Care Products Driving Related Surfactants Market in India Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mumbai, India, 2014/06/06 - Use of multifunctional surfactants expected to gain momentum in the country - Chemicals.Frost.com.

   
 
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The Indian surfactants market for personal care hinges largely on the expanding middle-class consumer population in the country. Specialty surfactants used in the personal, home care and industrial segments has made a foray into the Indian market and will continue to drive sales in these segments, where product innovation is the cornerstone of growth.

New analysis from Frost & Sullivan, Trends and Opportunities in Surfactants for Personal Care, finds that the Indian surfactants market earned revenues of US $2,278 million in 2013 and estimates this to grow at 13 percent annually to reach $3,748 million in 2017, approximately. Meanwhile, the personal care surfactants market is estimated to grow at 23 percent from 2013 till 2017 and attain $547 million in revenue. This study covers the Indian surfactants market in general and the personal care surfactants segment in particular.

India has a large market for niche beauty products, with cosmetics companies exclusively marketing oil-free fairness face washes and creams. Surfactant-based face washes, hair creams and gels are increasingly replacing traditional products because of ease in using the product, its cleansing ability, and ease in customizing the product. For example, shampoos and conditioners are now customized for various hair types. With fast moving consumer goods (FMCG) companies riding on these innovations to penetrate the potentially enormous personal care market in India with approximately 750 million and growing users, new avenues for the use of surfactants are expected to open up. The average Indian consumer has a wider product and price bracket to choose from, which augurs well for the surfactants market for personal care.

"Multifunctional surfactants are likely to gain widespread acceptance in the Indian consumer segment, especially in the home care segment", said Frost & Sullivan’s Chemicals, Materials & Foods Analyst. "Non-ionic surfactants with their inherent bio-friendly properties and degradability are also expected to make headway in the Indian market over the next four years."

However, being a price-sensitive market, escalating raw material costs and the subsequent increase in product prices may dampen consumer interest in expensive product innovations, and may impede new product development in this sector. Manufacturers must deliver the best quality at the lowest price to establish a foothold in this domain. Product innovation that focuses on niche uses and convenience (like the use of multifunctional surfactants - a single surfactant to cater to multiple domestic applications) is vital for the growth of this industry. Consumers are becoming more perceptive towards value addition, hence anticipating consumer needs and broadening the application base of surfactants can expand the bandwidth for growth in the Indian market.

If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, please send an email to Ravinder Kaur/Priya George, Corporate Communications, at ravinder.kaur[.]frost.com/priyag[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, the virtual brochure will be sent to you by email.

Trends and Opportunities in Surfactants for Personal Care is part of the Chemicals & Materials (chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Organic and Natural Ingredients Market in Western Europe for Home and Personal Care, Surfactants in Home and Personal Care, Agro Chemicals and Textiles segments. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
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For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Trends and Opportunities in Surfactants for Personal Care / P79A-39

Media contact: Nimisha Iyer, Corporate Communications South Asia, Middle East, and North Africa
M: +91 98 20050519 / P: +91 22 66072007 - E: niyer[.]frost.com.

 
 
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Increasing Consumerism Spurs Demand for Personal Care Products Driving Related Surfactants Market in India Finds Frost & Sullivan

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