India Cosmetics Market to Grow with a CAGR of 6.13% through 2030F
The India Cosmetics Market
is driven by factors such as increasing disposable incomes, rising beauty
awareness, the influence of social media, and growing demand for sustainable
and personalized products.
According to
TechSci Research report, “India Cosmetics Market – By Region, Forecast
& Opportunities, 2030F”, the India Cosmetics Market was valued at USD 14.78 Billion in 2024
and is expected to reach USD 21.21 Billion by 2030 with a CAGR of 6.13%% during
the forecast period. The India Cosmetics Market is experiencing robust growth
driven by a combination of increasing disposable incomes, evolving consumer
preferences, and a shift towards more personalized beauty solutions. With a
population of over 1.4 billion and a growing middle class, India presents a
massive consumer base for the beauty and personal care sector. Urbanization, an
expanding e-commerce landscape, and changing beauty standards have
significantly contributed to the growing demand for cosmetic products. The
market is being shaped by the younger generation, particularly millennials and
Gen Z, who are more aware of global beauty trends, health-consciousness, and
ethical considerations like sustainability and cruelty-free products. The shift
towards online retail and the increasing availability of international beauty
brands in the Indian market have further fueled growth. As the cosmetics
sector becomes more inclusive and diverse, there is increasing demand for
products that cater to all genders, skin tones, and cultural preferences, offering
new opportunities for growth.
The digital transformation in the Cosmetics
Market has also been a game-changer, especially with the rise of e-commerce
platforms. Online retail has witnessed exponential growth in India, making
beauty and cosmetic products more accessible than ever before. Platforms like
Nykaa, Amazon, and Flipkart have revolutionized the way consumers shop for
cosmetics by offering a wide variety of products, customer reviews, and easy
access to international brands. Furthermore, the rise of digital influencers
and social media has significantly impacted consumer purchasing decisions, with
beauty influencers, makeup artists, and bloggers creating a direct connection
between brands and potential customers.
Consumers in India, especially among the
younger generations, are becoming increasingly conscious of the ingredients in
their beauty products and the environmental impact of their packaging. The
demand for organic, vegan, cruelty-free, and environmentally-friendly products
has soared in recent years. Brands like Mamaearth, Plum, and The Body Shop have
been leading the charge by offering products made from natural ingredients,
free from harmful chemicals, and packaged in eco-friendly materials. This trend
towards sustainability is not limited to just skincare and haircare, but also
extends to makeup, with a growing number of consumers seeking products that
align with their ethical values.
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" India Cosmetics Market”
The India Cosmetics
Market is segmented into product type, distribution channel and region.
Based
on product type, body care segment has emerged as the dominant category in
India's Cosmetics Market, driven by a significant shift in consumer preferences
toward holistic well-being and self-care. In 2023, body care products led the
market, reflecting a growing emphasis on maintaining healthy skin and
addressing specific concerns beyond traditional makeup. This trend is fueled by
increased beauty consciousness, spurred by social media and heightened
awareness, propelling demand for effective body care solutions. Brands are
responding with a diverse array of products catering to various skin types and
concerns, aligning with the shift towards natural and sustainable formulations
that cater to eco-conscious consumer preferences. The pandemic has further
accentuated self-care, bolstering the body care segment as consumers seek
products that promote relaxation and skin health.
Based on region, West India has emerged as the
fastest-growing region in the Indian Cosmetics Market, driven by increasing
consumer awareness, rising disposable incomes, and a surge in demand for
advanced skincare and personalized beauty solutions. Cities like Mumbai, Pune,
and Ahmedabad are experiencing rapid urbanization and lifestyle shifts, leading
to heightened interest in premium and dermacosmetic products. Consumers in this
region are becoming more conscious about product quality, ingredients, and the
benefits of skincare regimens, particularly in the anti-aging and sun
protection categories. The growth of modern retail formats and the penetration
of e-commerce platforms have further accelerated market expansion. This dynamic
consumer behavior, combined with a preference for innovation and international
trends, positions West India as the leading growth hub in the cosmetics sector.
Major companies
operating in India Cosmetics Market are:
- Hindustan
Unilever Limited
- L’oreal
India Private Limited
- Emami
Limited
- Johnson
& Johnson Pvt. Ltd.
- Oriflame
India Private Limited
- Himalaya
Wellness Company
- Nivea
India Private Limited
- Amway
India Enterprises Private Limited
- Procter
& Gamble Home Products Private Limited
- Lotus
Herbals Private Limited
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“The India Cosmetics Market is driven by
rising disposable incomes, increasing beauty consciousness, and rapid
urbanization. Social media influence and celebrity endorsements further boost
product visibility and consumer engagement. Simultaneously, key trends shaping
the market include growing demand for clean and sustainable beauty products,
expansion of e-commerce channels, and rising interest in personalized skincare
solutions. The market also witnesses innovation in natural and ayurvedic
formulations, reflecting a shift toward holistic wellness.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“India Cosmetics Market
By Product Type (Body Care, Hair Care, Face Care, Color Cosmetics, Others), By
Distribution Channel (Supermarkets/Hypermarkets, Exclusive Stores, Online,
Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Cosmetics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India Cosmetics Market.
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