Now, Indians are becoming beauty conscious and started to buy cosmetic products. Thus, the country’s cosmeceutical and cosmetics market are highly expected to register the yearly growth of 25% to $20 billion by the year of 2025 as industrial experts say.
Yogesh Mundras – UBM India Managing Director says “The Indian cosmeceutical and cosmetics industry has an overall market standing of USD 6.5 billion from a global market of USD 274 billion. It is expected to grow to USD 20 billion by 2015 at a compounded rate of 25 percent.”
This awareness of the beauty products, changes in the consumption patterns, lifestyle, increasing the premium on grooming and the purchasing power among women may boost the industry in upcoming years. The Indian cosmetic market is growing at the rate of 13-18% and it’s more than the European and USA market. The signature trade shows of several countries are now entering in India.
So, within the next few years; the Indian cosmetic market will take over the other markets. Investors, this is a good sector to invest for a long time.