Despite its small share in the Indian skin care market, makeup remover is expected to have the fastest growth in the sector up to 2017, according to Canadean. The category will grow at a CAGR of 15.7% by value and 12.4% by volume up to 2017.
According to the report, healthy growth is anticipated for the Indian skin care sector to 2017. Growing ahead of only male toiletries and oral hygiene, the Indian skin care sector will grow at a CAGR of 14.5% by value and 11.4% by volume up to 2017.
Product innovations such as makeup removers and toners for various skin types will help to bolster the makeup remover category, with face makeup in particular recording strong growth. The mature body care category will show the least growth of the sector up to 2017. Value will grow at a CAGR of 11.5% and volume will grow at a CAGR of 8.9% during the same time period.