HHI Addressable Market: India

Part
01
of five
Part
01

Wellness Market: India

India's current wellness market is worth USD$21 billion and has been growing at a 12% CAGR since 2014. The details of the historical market size and forecast were included both below and in the attached spreadsheet.

Market Size

  • The market size of the Wellness Industry in India in 2019-2020 is Rs1.5 trillion growing from the period of 2014-2015 at a 12% CAGR.
  • In India, the wellness market is composed of health practices like yoga and Ayurveda, traditional medicine, mental and body wellness like relaxation, health, and nutrition.
  • The sports, fitness, and wellness market in India is expected to be worth $90 billion by 2022.
  • The global wellness industry grew at a 6.4% CAGR in the past years, and all its sectors will continue growing at a similar until 2022.
  • The key sectors of the wellness industry are personal care, anti-aging, and beauty; healthy eating, weight-loss, and nutrition; wellness tourism; mind-body, and fitness; public health, personalized, and preventive medicine; complementary and traditional medicine; wellness real estate; mineral and thermal springs; spa economy; and workplace wellness.

Research Strategy

Market Size Conversion

To calculate the value from Indian Rupees to US dollars we used an online currency calculator. The 2020 value of INR ₹1,500,000,000,000 is USD $21,202,987,693.

Historical Growth

Then, we used a CAGR calculator to determine the reverse growth in the past five years, indicating a growth of 12% for the past five periods, for easier access, the snapshots of the calculations were included in the attached document.

2018-2019: USD$18,931,239,011.61

Forecast

To calculate the forecast of the market size in the next two years, We noticed that the global market's growth will continue growing at a similar rate. Knowing that India is a significant player in the global market, we assumed that India's wellness industry will also grow at a similar CAGR of 12% in the next two years.

Once again, we used an online CAGR calculator and added the snapshots of our calculations to the document.

2021-2022: USD$26,597,027,762.10
Part
02
of five
Part
02

DIY Home Improvement Market: India

The current market size of the DIY home improvement industry in India is USD$5 billion, and it is expected to continue growing at a 17% CAGR during the next three years. The details of the market size and forecast were included both below and in the attached spreadsheet.

Market Size

  • According to the report made by Mordor Intelligence, the global DIY home improvement market is expected to grow at a 3% CAGR from 2019 to 2024.
  • In 2007 the DIY Home Improvement market if India had a value of INR 154.3 billion.
  • Most of the reports focused on the Do-It-Yourself (DIY) industry focus on advanced market economies and not on developing countries.
  • DIY consumers can be people who do it for pleasure, for economic necessity, or lack of skilled labor in the area.
  • The DIY home improvement industry includes products for landscape and lumber management; kitchen; lighting; building materials; hardware and tools; wallpaper and painting; indoor garden; decor; plumbing and equipment; electrical work; and flooring, replacement, and repair.
  • In 2018, the global home improvement market was worth $800 billion, from which DIY represented $680 billion. It is expected to reach a size of $1,120 billion by 2025, growing at a 4.5% CAGR from 2019 to 2025.
  • North America and Europe represent 85% of the industry's market share.
  • India is the second-largest market of home improvement in Asia-Pacific, following China, and is expected to also grow at 4.5% CAGR from 2019 to 2025.
  • The current DIY home improvement market size of India is USD$5 billion at is expected to grow at 17% CAGR during the next three years.
  • In India, the main demographic of the industry are those within 20 and 35 years old, and the largest segment are building materials, like cement.
  • The key players of the industry are ACC, Grasim, Crompton Greaves, and Asian Paints.

Research Strategy

To calculate the historical and forecast market size, we used an online CAGR calculator. For easier access, we included the screenshots of our calculations in the attached document.

Forecast

We calculated the market size of 2021, 2022, and 2023 by using the market size of 2020 of USD$5 billion as the initial value and the CAGR of 17% for one, two, and three periods respectively.

The results were the following:
Part
03
of five
Part
03

Air-Care Market: India

The current market size of the air-care industry in India is USD$148,065,114.28, and it is expected to grow at a 20.7% CAGR until 2023. The details of the historical market size and forecast were included both below and in the attached spreadsheet.

Market Size

  • The air care market of India is expected to grow at 20.7% CAGR from 2018 to 2023, reaching a value of INR 18.48 billion by 2023.
  • The air care market includes products like aerosol air fresheners and spray air fresheners for home, car, and bathroom, incense sticks, and other air fragrance products.
  • The industry is divided into three segments: bathroom fresheners, car fresheners, and home fresheners, from which car fresheners the largest segment.
  • The home fresheners segment reached a value of INR 1.5 billion in 2016 or USD$21,133,131, while the car fresheners' segment had a value of INR 2.5 billion or USD$35,221,885.
  • According to the report by Ein Presswire, India's air care market has been growing at approximately 20% CAGR since 2016.

Research Strategy

To calculate the market size for each year, we used an online CAGR calculator. For easier access, we included the screenshot of each calculation in the attached document.

We used an online currency converter to calculate the value from Indian Rupees to US dollars. From INR₹18.48 billion or INR₹18,480,000,000 to USD$260,360,176 in the year 2023.

Market Size

We used the market size value of 2023 of USD$260,360,176 as the initial value and made a reverse calculation using three periods and the CAGR of 20.7% to determine the value of 2020.

The market size of 2020 is: USD$148,065,114.28.

Historical Market Size and Forecast

We did the same we did to calculate 2020's market size to calculate the value from of 2022, 2021, 2019, and 2018 assigning each respective period in reverse to the initial value of 2023 of USD$260,360,176 and using the CAGR of 20.7% for the period between 2018 and 2023.

Since other reports indicate that the market has been growing at an approximate 20% CAGR since 2016, we assumed that the growth was also similar in 2015, and used the same 20.7% to calculate the historical market size of 2017, 2016, and 2015.

The result was the following:
Historical:

Forecast:
Part
04
of five
Part
04

Household Cleaning Products Market: India

The consumer household cleaning products market of India has a current market size of USD$726 million in 2020 and expected to grow at a 3.8% CAGR until 2023. The details of the market size, historical, and forecast were included both below and in the attached spreadsheet.

Market Size

  • The current market size of the consumer household cleaning products industry in India is USD$726 million in 2020, and it is expected to continue growing at a CAGR of 3.8% until 2023.
  • By definition, the household cleaning industry covers all cleaning products made for consumers for household surfaces, toilets, and windows, without including auxiliary products and tools like brooms or mops.
  • The revenue has been progressively growing since 2010. In the past five years, the market size has reached a revenue of $564.3 million in 2015, USD$596.5 million in 2016, USD$629.2 million in 2017, USD$662.0 million in 2018, and $694.3 million in 2019.

Research Strategy

To calculate growth in historical market size and forecast, we used an online CAGR calculator. We also included a screenshot of every calculation result in the attached document for easier access.

Forecast

To calculate the forecasted market size for 2021, 2022, and 2023, we used 2020's market size information as initial value US$726 million, the CAGR of 3.8%, and selected one, two, and three periods respectively in the calculator.

The results were as follows:
Part
05
of five
Part
05

Construction Industry: India

The current market size of the construction industry in India is USD$572,931,479,952 and will continue to grow at a CAGR of 6.44% until 2023. The details of the historical market size and forecast were included both below and in the attached spreadsheet.

Market Size

  • The Indian construction industry is defined by the segments of residential, non-residential or commercial, and infrastructure construction.
  • The main sectors of the industry are residential construction, commercial construction, industrial construction, institutional construction, and infrastructure.
  • In the future, the industry is expected to continue growing thanks to the increasing demand, mainly from the infrastructure sector.
  • Indian's construction industry will continue growing at a CAGR of 6.6% from 2019 to 2028.
  • India's construction industry was worth US$464.9 billion in 2017, US$505.7 billion in 2018, and is expected to be worth US$690.9 billion in 2023 at a CAGR of 6.44% from 2018 to 2023.
  • From 2014 to 2018, the CAGR of India's construction industry was 4.31%.
  • The construction industry of India is expected to reach a value of US$ 738.5 billion by 2022 at a CAGR of 15.7%.

Research Strategy

We used an online CAGR calculator to determine the current market size, historical market size from 2014, 2015, 2016, and 2019, and the forecasted market size for 2021. The snapshots of each calculation were included in the attached document.

Market Size

To determine the current market size (2020) of India's construction industry we used the starting value of 2018 as US$505.7 billion and the market's CAGR for the period of 2018-2023, 6.44%. Then, we used two periods to calculate 2020's market size from 2018's value.

Historical Market Size

To calculate the historical market size, we used an online CAGR calculator and the CAGR for the period 2014 to 2018, which was 4.31%.

Similar to the current market size, we used one period to calculate 2019's market size from 2018's value of US$505.7 billion.


We did a reverse calculation of three, two, and one periods to determine the market size of 2016, 2015, and 2014 from 2017's value of US$464.9 billion, using the CAGR from 2014 to 2018, which was 4.31%.

Forecast

To calculate the forecast of 2021 we used the market size information of 2018 of US$505.7 billion as a starting value and the CAGR for the period of 2018-2023, 6.44%.
We used three periods to calculate the market size of 2021 from 2018's value.

Sources
Sources