INDIAN COSMETIC INDUSTRY AT A GLANCE IN 2022 - 2023 India's beauty market or cosmetic industry is expected to grow from US$ 15.6 billion in 2022 to US$ 17.4 billion by 2025.
• Rise in disposable income
• Internet connectivity and exposure to trends in other countries
• Growing younger population
• Increase in self-awareness and self-development.
• Big Budget marriage trends.
India is one of the largest markets for cosmetics industry. The industry is expected to grow at a CAGR of 6.7% over the next five year.
The cosmetics industry in India is expected to show strong signs of expansion during the next five years. The market size is expected to reach $1 billion by 2024 .
India's beauty and personal care market is expected to exceed $31 billion by 2027, up from $25.72 billion last year.