Published on May 4, 2015

Indian beauty industry is expected to grow rapidly in the coming years. It grew twice as fast as that of the US and European market last year. Currently Indian beauty industry is valued at USD 4.6 billion. In the next couple of years beauty industry is anticipated to grow with a very positive rate of knot.

As per the report, the beauty industry a single brand alone creates over 150,000 jobs every year. Many of them are skill based and give associates an opportunity to not only work for the brand in the retail space but also become self- employed entrepreneurs at some point of time.

The country’s cosmetic sector has, in fact, emerged as one of the markets holding immense growth potential. New product launches catering to consumers’ growing requirements will fuel growth in the industry, for which the future outlook seems exceptionally bright.

According to latest research report, the Indian cosmetics market registered impressive sales previous years, and with rising purchasing power and growing fashion consciousness, the industry is estimated to expand at a CAGR of around 17% till the end of this fiscal year.

As per the market players, rural India is showing its willingness to look attractive. Owing to this demand for some attractive products such as hair care, skin care, oral care, fragrance and color cosmetics is escalating because of this color cosmetics market is growing at a rapid rate in comparison to other segments. This is positive sign for the rapid growth of the beauty sector in India.