Furthermore, the market will advance at a CAGR of 8.5% between 2020 and 2030. The prominent factors driving the advancement of the market are the rising incidence of skin diseases and the growing public consciousness toward looks and appearance.

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Additionally, the surging disposable income of people is propelling the growth of the market in the country. As per the data produced by the Trading Economics, in India, the disposable income of people grew from $2,738.1 billion in 2018 to $2,935.9 billion in 2019. The rise in the purchasing power of people is pushing up the sales of skincare dermacosmetic products in the country. Moreover, nowadays, people are highly conscious about their appearance.

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The Indian skincare dermacosmetics market is divided, on the basis of brand, into L’Oréal (Skinceuticals and CeraVe), Galderma and Cetaphil, Clinique, Clarins, Avène, Sebamed, Neutrogena, Ducray, Shiseido, BIODERMA, and A-Derma. Out of these, Avène recorded the highest growth in the market in the past years, on account of the fact that the company offered a wide range of patented technologies and products that helped people address their various skin concerns.

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Depending on application, the Indian skincare dermacosmetics market is classified into skin repair, acne, dark circles, wrinkles and fine lines, scars, and psoriasis. Amongst these, the skin repair category is predicted to exhibit the fastest growth in the market in the upcoming years. This is credited to the mushrooming sales of various skin repair products, on account of the rising preference of people toward younger-looking skin and the surging disposable income of people in the country.