Market Insights Consumer Beauty & Personal Care

Cosmetics - India

India

In 2024, the revenue in the Cosmetics market in India is estimated to reach US$6.45bn.
This market segment is projected to experience an annual growth rate of 2.62% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in the Cosmetics market, amounting to US$20,130m in 2024.
Taking into account the total population, the per person revenue in India is expected to be US$4.47 in 2024.
Furthermore, by 2024, 82% of the sales in the Cosmetics market in India will be attributed to Non-Luxury.
The demand for natural and Ayurvedic cosmetics is on the rise in India, driven by the country's rich heritage and cultural emphasis on natural beauty remedies.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.