Replete with opportunities for both home-grown and international cosmetic companies, India's beauty market is experiencing a major boom. Currently valued at $6.5 billion, the market is projected to top $35 billion by 2035. Other positives for India's beauty market: it has a growth rate of 15-20% a year it's expanding...
India's Cosmetic Industry to Reach $35 billion by 2035
A joint study by industry body Assocham and Mumbai-based research agency Majestic Market Research Support Services, India, says India's cosmetics and grooming industry market size is expected to rise to $35 billion by 2035, with the consumption of cosmetics among teenagers increasing rapidly. Additionally, the herbal cosmetic industry is expected...
Dabur Launches Jaquline USA's Beauty Products in India
New Delhi-based Dabur launched make-up and beauty brand Jaquline USA's products through its beauty retail venture NewU. Dabur acquired this brand from Fem USA in 2008. The first collection will include a range of nail care and styling products, and later the range will expand to beauty and make-up categories,...
Personal Care Cosmetics Market Booms in India
According to the India Cosmetics Market Outlook 2021, India’s cosmetic market has been growing at a compound annual growth rate of 17% over a five-year period. Due to the increase in standards of living and changing lifestyles, the demand for cosmetic products is increasing rapidly providing an impetus to India’s...
CPG companies in India show strong growth in sales, profits
Domestic growth for Unilever's India subsidiary, HUL was at 19%, with home and personal care growing at 20.6% and foods business growing at 10.6% for the quarter ending June 30 according to DNA India.. Net profit for the three months through June rose to $240 million and overall sales grew...
Foreign CPG firms gain market share in India
India's consumer market is growing rapidly both as a result of increasing population and increasing spending power by the population. Tens of millions of Indians join the middle class each year and are ready to spend on branded toilet soap, shampoo, laundry detergent and packaged foods. With the wind in...