Contemporary Business Studies - Academy of Knowledge Process ...
Contemporary Business Studies - Academy of Knowledge Process ...
Contemporary Business Studies - Academy of Knowledge Process ...
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International Journal <strong>of</strong> <strong>Contemporary</strong> <strong>Business</strong> <strong>Studies</strong><br />
Vol: 3, No: 1. January, 2012 ISSN 2156-7506<br />
Available online at http://www.akpinsight.webs.com<br />
Fair war: A case study on fairness cream<br />
Dr. Sangeeta Mohanty, Assistant Pr<strong>of</strong>essor<br />
<strong>Academy</strong> <strong>of</strong> <strong>Business</strong> Administration,<br />
Industrial Estate (S1/25),<br />
Angargadia, Balasore-756001, Orissa, India<br />
ABSTRACT<br />
India’s fairness cream market is evolving at rapid speed, fuelled by television<br />
advertisement by the celebrities and the rapidly changing lifestyles. India’s proactive<br />
FMCG market has seen the significant growth in the cosmetic market in last two<br />
decades and fairness cream accounts for the major part <strong>of</strong> the cosmetic market with an<br />
average growth rate <strong>of</strong> 20% per annum. Indians are witnessing a paradigm shift from<br />
traditional methods <strong>of</strong> using home products to modern methods <strong>of</strong> using branded<br />
cosmetics and fairness cream to become fair. The particular paper aims at identifying<br />
the popular brands <strong>of</strong> fairness cream and the reasons <strong>of</strong> choosing a particular brand. It<br />
also provides a more comprehensive statistical analysis <strong>of</strong> evaluating consumers’<br />
preference to various brands <strong>of</strong> fairness cream. The Participants were chosen randomly<br />
from cities ‘Cuttack’ and ‘Bhubaneswar’, Orissa, 243 agreed to participate in the<br />
survey but the data could be collected from 200 respondents only.<br />
Key words: Fairness Cream, Brand, Consumer<br />
INTRODUCTION<br />
The concept <strong>of</strong> preferring the people with “fair-skin” has long been recognized socially and it has been<br />
the psychological and social impact on women to be fair. But in the recent years, men too have started<br />
giving importance on personal grooming, beginning with fair skin. The market for fairness cream was<br />
restricted to woman only till 2005; but Emami catered to men with its product Fair and Handsome. Till<br />
then fairness cream market dominates the cosmetic market covering male and female segments. It is clear<br />
from television and matrimonial advertisements that the market for fairness creams in India is huge. The<br />
increasing demand <strong>of</strong> fair bride and groom creates the field for the national and international players to<br />
invest in the cosmetic markets and more particularly in fairness cream products to cater the needs <strong>of</strong> new<br />
generations. The celebrities like Sonam Kapoor, Shah Rukh Khan, John Abraham and Katrina Kaif are<br />
brand ambassadors for major fairness creams.<br />
The growth in consumerism and the changing life style <strong>of</strong> Indian youth have led to strong demand for<br />
fairness creams. India’s swelling middle class is redefining lifestyle pattern with adoption <strong>of</strong> western<br />
values and growing brand consciousness; creating opportunity for the global players in fairness cream<br />
market. The Indian market is experiencing stronger demand for fairness creams due to the increased<br />
media and untapped markets targeting the rural segment. Another key driver is the increased penetration<br />
level <strong>of</strong> male spending behavior on cosmetics. The fairness product market has captured the people from<br />
360 0 angle. The easy availability <strong>of</strong> these products has made the business to expand. The potent source <strong>of</strong><br />
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Copyright © 2012. <strong>Academy</strong> <strong>of</strong> <strong>Knowledge</strong> <strong>Process</strong>