Product Code: ETC100543 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India shoe polish market import shipment demonstrated steady growth with a CAGR of 6.7% from 2020 to 2024. However, there was a slight decline in growth momentum between 2023 and 2024, with a -2.5% growth rate. Overall, the market expansion stabilized towards the end of the period.
The India shoe polish market is expected to experience steady growth over the forecast period of. This can be attributed to factors such as increasing disposable income, rising demand for branded products, changing lifestyle trends, and increased urbanization. Additionally, growing awareness regarding fashion among consumers has further boosted the demand for shoes and other related products in the country. Furthermore, growing e-commerce channels have made it easier for customers to access a variety of shoe polishes at competitive prices.
The primary drivers of the India Shoe Polish Market are increasing consumer awareness regarding shoe care, rising disposable income, and growing fashion consciousness. Moreover, the availability of a range of products in different colors and finishes has improved the demand for shoe polishes in India. Additionally, several online retailers have been introducing various promotional strategies such as discounts and offers to attract more customers which is further propelling market growth. Furthermore, prominent players are focusing on offering quality products at competitive prices which is aiding in fuelling product sales across the country.
There exist certain challenges that might hinder further growth of Indiashoe polish market such as lack of availability of quality raw materials leading to high cost production process coupled with various environmental regulations restricting usage of certain chemicals used in producing these polishes which can hamper manufacturers??? ability to produce superior quality products at competitive prices. Furthermore , counterfeit goods available at cheaper prices pose an additional threat to manufacturers` profit margins.
Some key players operating within the Indiamarket include Cherry Blossom Shoe Care & Leather Goods Pvt Ltd., Kiwi International Inc., Saphir Medaille d`Or Group , Woly , Mr Black amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Shoe Polish Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Shoe Polish Market Revenues & Volume, 2021 & 2031F |
3.3 India Shoe Polish Market - Industry Life Cycle |
3.4 India Shoe Polish Market - Porter's Five Forces |
3.5 India Shoe Polish Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Shoe Polish Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 India Shoe Polish Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Shoe Polish Market Revenues & Volume Share, By Location, 2021 & 2031F |
3.9 India Shoe Polish Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Shoe Polish Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in India leading to higher spending on personal grooming products |
4.2.2 Growing awareness about the importance of maintaining footwear, driving the demand for shoe polish products |
4.2.3 Expansion of organized retail sector and e-commerce platforms providing easier access to shoe polish products |
4.3 Market Restraints |
4.3.1 Presence of counterfeit or low-quality shoe polish products impacting consumer trust and brand loyalty |
4.3.2 Seasonal variations in demand for shoe polish products, with higher sales during certain times of the year |
5 India Shoe Polish Market Trends |
6 India Shoe Polish Market, By Types |
6.1 India Shoe Polish Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Shoe Polish Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Shoe Polish Market Revenues & Volume, By Cream Polish, 2021-2031F |
6.1.4 India Shoe Polish Market Revenues & Volume, By Liquid Polish, 2021-2031F |
6.1.5 India Shoe Polish Market Revenues & Volume, By Wax Polish, 2021-2031F |
6.1.6 India Shoe Polish Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Shoe Polish Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Shoe Polish Market Revenues & Volume, By Shoe Shine Oil, 2021-2031F |
6.2.3 India Shoe Polish Market Revenues & Volume, By Shoe Leather Nourishing Cream, 2021-2031F |
6.2.4 India Shoe Polish Market Revenues & Volume, By Shoe Leather Softener, 2021-2031F |
6.2.5 India Shoe Polish Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Shoe Polish Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Shoe Polish Market Revenues & Volume, By Household, 2021-2031F |
6.3.3 India Shoe Polish Market Revenues & Volume, By Commercial, 2021-2031F |
6.4 India Shoe Polish Market, By Location |
6.4.1 Overview and Analysis |
6.4.2 India Shoe Polish Market Revenues & Volume, By Urban, 2021-2031F |
6.4.3 India Shoe Polish Market Revenues & Volume, By Rural, 2021-2031F |
6.5 India Shoe Polish Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 India Shoe Polish Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.5.3 India Shoe Polish Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.5.4 India Shoe Polish Market Revenues & Volume, By Footwear Showrooms/Specialty Stores, 2021-2031F |
6.5.5 India Shoe Polish Market Revenues & Volume, By Online Retail, 2021-2031F |
6.5.6 India Shoe Polish Market Revenues & Volume, By Others, 2021-2031F |
7 India Shoe Polish Market Import-Export Trade Statistics |
7.1 India Shoe Polish Market Export to Major Countries |
7.2 India Shoe Polish Market Imports from Major Countries |
8 India Shoe Polish Market Key Performance Indicators |
8.1 Consumer satisfaction index with shoe polish products |
8.2 Number of new product innovations and launches in the shoe polish market |
8.3 Growth in the number of shoe care tutorials or content online |
8.4 Percentage increase in the adoption of premium or eco-friendly shoe polish products |
8.5 Overall market penetration of shoe polish products in tier 2 and tier 3 cities in India |
9 India Shoe Polish Market - Opportunity Assessment |
9.1 India Shoe Polish Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Shoe Polish Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 India Shoe Polish Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Shoe Polish Market Opportunity Assessment, By Location, 2021 & 2031F |
9.5 India Shoe Polish Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Shoe Polish Market - Competitive Landscape |
10.1 India Shoe Polish Market Revenue Share, By Companies, 2024 |
10.2 India Shoe Polish Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |