As more Indian consumers spend more on beauty and personal care products, influenced by an increased awareness and exposure to more global lifestyles and products, the personal care ingredients market in India likely will see a steady growth. GCI Magazine reports that the beauty and personal care ingredients market in India is expected to grow at a CAGR of 10% through 2019.
Beauty and personal care ingredients in India are manufactured and distributed by domestic (Indian) players, as well as multinational companies. And huge investments have been made into the sector during the last five years due to growing demand for beauty and personal care products in India.
More Indian consumers are now buying beauty products that have multifunctional properties, ranging from anti-wrinkle benefits to smoothing and sun protection. Increasing disposable income and the influence of Western lifestyles have been significantly driving the demand for beauty and personal care products in India. Major manufacturers such as BASF and Galaxy Surfactants are planning to increase their manufacturing capacities in India.