India's beauty and personal care market is experiencing unprecedented growth, projected to reach $34 billion by 2028 from its current $20 billion valuation, meaning an annual 11% growth rate. This significantly outpaces other major markets such as China (5%), the U.S. (4%), Japan (3%), and South Korea (3%). Three key...
L’Oreal Seeks to Acquire Indian Cosmetic Companies
Worldwide cosmetic retailer, L’Oreal, is seeking to expand its current product offerings by acquiring Indian-based cosmetic and skincare companies. India’s beauty and skincare market has seen tremendous growth over the past five years. Over the next four years, India’s skincare product market is expected to grow at a rate of 10.4%...
L’Oreal to Increase Herbal Brands in India
French beauty products maker L'Oreal is contemplating strengthening its herbal portfolio in India. Speaking to Business Standard, Jean-Christophe Letellier, Managing Director, L'Oreal India, said, “We do have what we call 'Champions of Nature' in our portfolio. So, organic products under Body Shop or the Kiehl's range of high-end products are...
L'Oreal India Takes Top Stars to Cannes Film Festival
Bollywood actresses Sonam Kapoor and Aishwarya Rai Bachchan, brand ambassadors of L’Oréal Paris, will represent the company at the upcoming 69th Cannes International Film Festival, scheduled to take place from May 11 till May 22, reports The Indian Express. For the past 19 years, L’Oréal Paris has been a sponsor...
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...
Revlon Bets on Professional Care Growth in India
Revlon, based in New York, will start selling professional care products in India in 2015 and take on global rivals such as L'Oreal, Schwarzkopf and Wella Professionals. The company estimates the market for professional products to be $200 million. These products, used by beauty salons and parlors and also retailed...