Published on February 27, 2017
The prospects of the Indian beauty industry look bright, with the colour cosmetics segment predicted to continue its dominance over the market landscape.
The colour cosmetics market accounts for 90% of the cosmetics market share. Especially with the advent of low and medium priced cosmetic goods that are high on quality, the colour cosmetics market is projected to bring in substantial revenue in the coming years.
The Indian beauty, cosmetic and grooming market is expected to reach USD 20 billion by 2025 from the current USD 6.5 billion, on the back of growing aspirations and rising disposable income of middle class, said by market players.
As per market analyst, presently beauty industry is escalating with rapid velocity the rise in the number of men’s salon these days bears witness to this fact. Services like manicure, pedicure, facial, and hair styling, which were once exclusively for women, have become part and parcel of men’s grooming routine too.
Indian cosmetic is still small in compare to international market which reveals that it has lots of growth opportunities. With increasing awareness, more disposable incomes and the low per capita spend on cosmetics in the country, industry will gain more growth opportunity in coming time.