India Cosmetics Market Size & Outlook, 2023-2030
India cosmetics market, 2018-2030 (US$M)
Related Markets
India cosmetics market highlights
- The India cosmetics market generated a revenue of USD 22,773.4 million in 2023 and is expected to reach USD 40,760.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
Cosmetics market data book summary
| Market revenue in 2023 | USD 22,773.4 million |
| Market revenue in 2030 | USD 40,760.7 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, India accounted for 7.7% of the global cosmetics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 40,760.7 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 44.88% in 2023. Horizon Databook has segmented the India cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
India is moving from unorganized, informal markets to large-scale organization of the retail sector in major Indian cities as well as Tier II towns and cities. The cosmetics market is one of the fastest-growing consumer product sectors in India and holds strong potential for major as well as emerging players in the industry.
According to the India Brand Equity Foundation, India is experiencing a surge of global beauty brands, capitalizing on the nation's sizable youthful population and increasing disposable income for their forthcoming growth phase.
The demand for beauty products, spanning makeup, hair care, fragrances, and more, is rapidly increasing, driven by the influence of social media, aspirational consumption in smaller cities, and expanding e-commerce accessibility.
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Target buyers of India cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into India cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cosmetics market size, by product, 2018-2030 (US$M)
India Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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