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India Celebrity Endorsement Market Competition, Forecast and Opportunities, 2029

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    Report

  • 90 Pages
  • September 2023
  • Region: India
  • TechSci Research
  • ID: 5880507
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India Celebrity Endorsement Market is growing at a robust CAGR, thanks to the increasing consumerism, celebrity-driven content, and micro and macro-influencer marketing.

India Celebrity Endorsement Market Scope

Nowadays, in India, celebrities may earn significantly more money from commercial endorsements than from their acting or sporting careers. It is not surprising that this source of income is substantial and profitable. Celebrities are disproportionately prevalent in Indian advertising for everything-from soft drinks to cardamom, from creams to cars. Advertisers are aware that including a celebrity in the advertisement increases recognition, which justifies multi-million-dollar deals.

India Celebrity Endorsement Market Overview

The India celebrity endorsement market has been rapidly growing over the past decade. The country has a unique culture where celebrities have a significant impact on consumer behavior, making celebrity endorsements an effective marketing tool for brands.

The market for celebrity endorsement in India is diverse, with a range of celebrities from different fields endorsing various products and services. Bollywood actors, cricketers, and other sports personalities are the most popular endorsers, followed by television stars, singers, and social media influencers. The popularity of these celebrities varies by region and demographic, with brands often tailoring their endorsements to appeal to specific markets.

The market is driven by several factors, including the increasing consumer base in India, the popularity of celebrities, and the growing use of digital marketing and social media. Brands leverage the star power of celebrities to promote their products and services and reach a wider audience, while celebrities earn a significant income from endorsements and establish themselves as a brand.

India Celebrity Endorsement Market Drivers

The celebrity endorsement market in India has grown significantly in recent years and is expected to continue to do so in the near future. There are several drivers behind this growth. One of the most significant drivers is the increasing consumerism in India. The country has witnessed a significant rise in the middle and upper-middle classes, who are more aware of brands and their offerings and are willing to pay a premium for quality products. Celebrity endorsements help create brand awareness and influence consumer purchase decisions, making them valuable assets for brands looking to reach their target audiences.

Another important driver of the celebrity endorsement market in India is the influence of celebrities on people's lives. Celebrities in India have a significant impact on people's lifestyles, particularly in the areas of fashion, entertainment, and sports. They have large followings on social media platforms, such as Instagram and Twitter, and their fans often look to them for inspiration and guidance. This makes them valuable for brands looking to reach out to their target audiences.

Moreover, improved advertising techniques are also driving the growth of the celebrity endorsement market in India. The advertising industry in India has evolved significantly over the past few years, with brands using innovative techniques to reach consumers. Celebrity endorsements are just one part of this trend, and brands are increasingly using them to create engaging and memorable campaigns.

India Celebrity Endorsement Market Trends

The celebrity endorsement market in India is constantly evolving and several trends are shaping this market. One of them is the increasing use of social media as a platform for celebrity endorsements. With the rise of platforms like Instagram, celebrities now have a direct line of communication with their followers, and brands are leveraging this by using social media endorsements to reach their target audiences. Influencer marketing is also becoming more prevalent, with brands using micro and macro-influencers to promote their products and services.

Another trend in the celebrity endorsement market is the shift toward authenticity and transparency. Consumers today are more aware of the influence of celebrities and are demanding more authenticity in their endorsements. Brands are responding by partnering with celebrities who have a genuine connection to their products and services, and who are willing to share their personal experiences with their followers.

Celebrity endorsements are also becoming more targeted, with brands using data analytics and insights to identify their ideal celebrity partners. This has led to the rise of niche endorsements, with brands targeting specific segments of the population by partnering with celebrities, who are popular within those segments.

India Celebrity Endorsement Market Challenges

While the celebrity endorsement market in India is growing, there are several challenges that brands and celebrities face, which obstruct the growth trajectory of this market. One of the biggest challenges is the risk of negative publicity. With the rise of social media, celebrities are under constant scrutiny, and any misstep can lead to negative publicity that can impact their brand image and the brands they endorse. Brands are also at risk, as negative publicity around a celebrity endorser can reflect poorly on the brand and impact consumer trust.

Another challenge the India celebrity endorsement market faces is the increasing demand for authenticity and transparency. Nowadays, consumers are more concerned about the authenticity and genuinity of celebrity endorsements. Brands and celebrities need to ensure that their endorsements are genuine and that they have a real connection to the products or services they are endorsing. This requires a careful selection process and a focus on long-term partnerships.

The regulatory environment is also a challenge for the celebrity endorsement market in India. In recent years, there have been several instances of celebrities endorsing products that do not meet regulatory standards, leading to fines and legal action. This has made brands and celebrities more cautious about the products they endorse and has led to greater scrutiny of endorsements by regulatory bodies.

Market Opportunities

Despite the challenges, the celebrity endorsement market in India also presents several opportunities for brands and celebrities. One of the biggest opportunities is the growing consumer base in India. With a population of over 1.3 billion people, India presents a vast and diverse market for brands and celebrities to connect with. Brands can leverage the popularity of celebrities to reach a wider audience and build brand awareness.

Moreover, the focus on authenticity and transparency also presents an opportunity for brands and celebrities to build stronger and more meaningful connections with consumers. Brands that partner with celebrities who have a genuine connection to their products and services, and who are willing to share their individual experiences with their followers, can build trust and loyalty among consumers.

The increasing demand for sustainable and socially responsible products and services also presents an opportunity for celebrities and brands to promote eco-friendly and sustainable products, and to support social causes. This can help build a positive brand image and create a stronger connection with socially conscious consumers.

Market Segmentation

The India Celebrity Endorsement market is segmented based on advertisement medium, category, and region. Based on the advertisement medium, the market is segmented into television, magazine, internet, newspaper, and others (radio, billboard, etc.). Based on the category, the market is segmented into FMCG, consumer electronics, automobiles, fashion, and others (tourism, BFSI, etc.). Based on the region, the market is divided into North, South, East, and West.

Company Profiles

Globosport India Pvt. Ltd., A.T.I Talents Pvt. Ltd., Cinedreams Productions Private Limited, Cineyug Entertainment Private Limited, Approach Entertainment Group, Skywalk Productions Pvt Ltd, Nexbrands Inc, Tbb Media Private Limited, Exceed Entertainment Pvt Ltd, and Vibgyor Brand Services Pvt Ltd. are some of the major players in the India celebrity endorsement market.

Report Scope:

In this report, the India celebrity endorsement market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Celebrity Endorsement Market, By Advertisement Medium:

  • Television
  • Magazine
  • Internet
  • Newspaper
  • Others

India Celebrity Endorsement Market, By Category:

  • FMCG
  • Consumer Electronics
  • Automobiles
  • Fashion
  • Others

India Celebrity Endorsement Market, By Region:

  • North
  • West
  • South
  • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Celebrity Endorsement market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.


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Table of Contents

1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis
4.1. Brand Awareness
4.2. Preferred Advertisement Medium
4.3. Challenges Faced
5. India Celebrity Endorsement Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Advertisement Medium Market Share Analysis (Television, Magazine, Internet, Newspaper, and Others (Radio, Billboard, etc.))
5.2.2. By Category Market Share Analysis (FMCG, Consumer Electronics, Automobiles, Fashion. and Others (Tourism, BFSI, etc.))
5.2.3. By Regional Market Share Analysis
5.2.3.1. North India Market Share Analysis
5.2.3.2. West India Market Share Analysis
5.2.3.3. South India Market Share Analysis
5.2.3.4. East India Market Share Analysis
5.2.4. By Top 5 Companies Market Share Analysis, Others (2023)
5.3. India Celebrity Endorsement Market Mapping & Opportunity Assessment
5.3.1. By Advertisement Medium Market Mapping & Opportunity Assessment
5.3.2. By Category Market Mapping & Opportunity Assessment
5.3.3. By Region Market Mapping & Opportunity Assessment
6. India Television Celebrity Endorsement Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Category Market Share Analysis
6.2.2. By Region Market Share Analysis
7. India Magazine Celebrity Endorsement Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Category Market Share Analysis
7.2.2. By Region Market Share Analysis
8. India Internet Celebrity Endorsement Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Category Market Share Analysis
8.2.2. By Region Market Share Analysis
9. India Newspaper Celebrity Endorsement Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Category Market Share Analysis
9.2.2. By Region Market Share Analysis
10. Market Dynamics
10.1. Drivers
10.1.1. Growing Consumerism
10.1.2. Rising Celebrity Influence
10.1.3. Improved Advertising Techniques
10.2. Challenges
10.2.1. High costs
10.2.2. Consumer backlash
11. Market Trends & Developments
11.1. Digital-first approach
11.2. Micro and macro-influencer marketing
11.3. Celebrity-driven content
11.4. Socially conscious endorsements
11.5. Long-term partnerships
12. SWOT Analysis
12.1. Strengths
12.2. Weaknesses
12.3. Opportunities
12.4. Threats
13. Policy & Regulatory Landscape14. India Economic Profile
15. Competitive Landscape
15.1. Company Profiles
15.1.1. Globosport India Pvt. Ltd.
15.1.1.1. Company Details
15.1.1.2. Product & Services
15.1.1.3. Financials (As Per Availability)
15.1.1.4. Key Market Focus & Geographical Presence
15.1.1.5. Recent Developments
15.1.1.6. Key Management Personnel
15.1.2. A.T.I Talents Pvt. Ltd.
15.1.2.1. Company Details
15.1.2.2. Product & Services
15.1.2.3. Financials (As Per Availability)
15.1.2.4. Key Market Focus & Geographical Presence
15.1.2.5. Recent Developments
15.1.2.6. Key Management Personnel
15.1.3. Cinedreams Productions Private Limited
15.1.3.1. Company Details
15.1.3.2. Product & Services
15.1.3.3. Financials (As Per Availability)
15.1.3.4. Key Market Focus & Geographical Presence
15.1.3.5. Recent Developments
15.1.3.6. Key Management Personnel
15.1.4. Cineyug Entertainment Private Limited
15.1.4.1. Company Details
15.1.4.2. Product & Services
15.1.4.3. Financials (As Per Availability)
15.1.4.4. Key Market Focus & Geographical Presence
15.1.4.5. Recent Developments
15.1.4.6. Key Management Personnel
15.1.5. Approach Entertainment Group
15.1.5.1. Company Details
15.1.5.2. Product & Services
15.1.5.3. Financials (As Per Availability)
15.1.5.4. Key Market Focus & Geographical Presence
15.1.5.5. Recent Developments
15.1.5.6. Key Management Personnel
15.1.6. Skywalk Productions Pvt Ltd
15.1.6.1. Company Details
15.1.6.2. Product & Services
15.1.6.3. Financials (As Per Availability)
15.1.6.4. Key Market Focus & Geographical Presence
15.1.6.5. Recent Developments
15.1.6.6. Key Management Personnel
15.1.7. Nexbrands Inc.
15.1.7.1. Company Details
15.1.7.2. Product & Services
15.1.7.3. Financials (As Per Availability)
15.1.7.4. Key Market Focus & Geographical Presence
15.1.7.5. Recent Developments
15.1.7.6. Key Management Personnel
15.1.8. Tbb Media Private Limited
15.1.8.1. Company Details
15.1.8.2. Product & Services
15.1.8.3. Financials (As Per Availability)
15.1.8.4. Key Market Focus & Geographical Presence
15.1.8.5. Recent Developments
15.1.8.6. Key Management Personnel
15.1.9. Exceed Entertainment Pvt Ltd
15.1.9.1. Company Details
15.1.9.2. Product & Services
15.1.9.3. Financials (As Per Availability)
15.1.9.4. Key Market Focus & Geographical Presence
15.1.9.5. Recent Developments
15.1.9.6. Key Management Personnel
15.1.10. Vibgyor Brand Services Pvt Ltd.
15.1.10.1. Company Details
15.1.10.2. Product & Services
15.1.10.3. Financials (As Per Availability)
15.1.10.4. Key Market Focus & Geographical Presence
15.1.10.5. Recent Developments
15.1.10.6. Key Management Personnel
16. Strategic Recommendations/Action Plan
16.1. Key Focus Areas
16.2. Target Advertisement Medium
16.3. Target Category
17. About the Publisher & Disclaimer
(Note: The companies list can be customized based on the client requirements.)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Globosport India Pvt. Ltd.
  • A.T.I Talents Pvt. Ltd.
  • Cinedreams Productions Private Limited
  • Cineyug Entertainment Private Limited
  • Approach Entertainment Group
  • Skywalk Productions Pvt Ltd
  • Nexbrands Inc.
  • Tbb Media Private Limited
  • Exceed Entertainment Pvt Ltd
  • Vibgyor Brand Services Pvt Ltd.