Explore the UNLIMITED BUISNESS OPPORUNITIES in the Fastest Growing Economy; INDIA
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Indian Cosmetic Market is likely to register a compound annual growth rate (CAGR) of around 17% up to 2019
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The Total Size of the Indian Retail Beauty and Cosmetics Industry is currently estimated as $950 million.
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The value of the market will increase from a current estimate of Rs 10,000 crore (US$19.3bn) to Rs 20,000 crore by 2019, according the Chambers of Commerce and Industry of India (ASSOCHAM)
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Currently valued at Rs 137 billion, the Indian Spa Industry is estimated to grow to Rs 510 billion by the year 2019, according to a report. With the beauty service industry growing rapidly in India, the spa segment in India is also attracting a lot of attention. The spa industry over the last five years has shown tremendous growth, not only in the number of spas open, but also in the diversity of spas and products available.
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Indian Beauty packaging industry in India is around $18.8 billion and is growing at nearly 15 percent per annum
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The wellness industry in India is poised to touch Rs 1,00,000 crore (Rs 1 trillion) by 2019, with a compounded annual growth rate of 15-17%.
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Premium global brands are gaining sales as Indian consumers gain exposure to the global media and move from functional items to advance and specialized cosmetic products. Foreign products are viewed as high quality products making this the right time for International beauty and cosmetics firms to enter the Indian market.
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Indian consumers tend to look towards international brands as lifestyle enhancement products. The emergence of a young urban elite population with increasing disposable income in cities and the number of working women looking for lifestyle-oriented and luxury products are main drivers of demand for imported cosmetics products in India.
HOST CITY:
NEW DELHI is the commercial & cultural capital of India, turning into main hub for the beauty market regional hub for commerce, culture, business and tourism. With 9.9% economic growth & high per capita income it has turned into one of the richest and fastest-growing regions in the world which gives direct access to this growing marketplace.