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Cosmetic Industry is Booming: Thanks to Young Indians!

Young Indians, having all the resources and time, have developed the good-looking cosmetic industry into one of the fastest booming industries

Cosmetic Industry
The cosmetics market of India is expected to triple by 2025. Wikimedia
  • Beauty has become a business in the world today, and its booming rapidly in India
  • The $6.5 billion cosmetic industry is expected to grow to reach $20 billion by 2025 making India among the top 5 biggest in the world
  • Fashion consciousness is being further fueled by India’s young demography as well as social media

July 13, 2017: The beauty and cosmetic industries of India are growing at a pace never witnessed before. This isn’t just the tale of big cities but in all parts of the nation.

The young demography of India is expected to continue fuelling the industry making it bigger and bigger. As the reports from RedSeer Consulting firm estimates; the market for cosmetics and mainly hair products, skin creams, deodorants, and more, is expected to triple from present $6.5 billion to $20 billion by 2025.

It also estimates that the compounded annual growth rate will reach 25 percent, which is way above the global average of 4.3 percent. This will make India amongst the top 5 biggest markets for cosmetics in the world.

As Shubham Anand (head of retail and consumer practice at RedSeer) points out, “this booming growth has a lot to do with India’s younger demographic. These Indians want to look good all the time.”

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Social media has also played an important role. Additionally, online retailers such as Flipkart, Nykaa, and Amazon are making products accessible. Online cosmetics sale is at $50 million.

The report also mentioned that the boom is certainly an attractive business expansion for luxury brands like Labiocos, Victoria’s Secret and others.

– by Saksham Narula of NewsGram. Twitter: @Saksham2394

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Copyright 2017 NewsGram

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Acer launches new gaming desktop in India

Taiwanese hardware and electronics brand Acer on Wednesday launched its "Predator Orion 9000" gaming desktop in India

Acer releases new desktop in india. IANS

Taiwanese hardware and electronics brand Acer on Wednesday launched its “Predator Orion 9000” gaming desktop in India. Starting at Rs 319,999, the gaming desktop features powerful Intel Core i9 Extreme Edition processors with up to 18 cores and 36 threads and up to two NVIDIA GeForce GTX 1080Ti graphics cards, the company said in a statement. It is the first gaming desktop with Intel’s Core i9 Extreme Processor and Optane Memory to be available in India, the statement added.

It is a laptop made exclusively for gaming. Pixabay

“We are thrilled to welcome to our gaming arsenal the iconic ‘Predator Orion 9000’ gaming desktop,” said Chandrahas Panigrahi, CMO and Consumer Business Head, Acer India. The gaming desktop also features liquid cooling and Acer’s IceTunnel 2.0 to keep the temperature down while the game heats up.

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IceTunnel 2.0 is an advanced airflow management solution that separates the system into several thermal zones, each with an individual airflow tunnel to expel heat, the statement added.

“With the launch of this, we have moved a step closer to our commitment of delivering the best gaming products for gamers at every level,” Panigrahi said. The “Predator Orion 9000” is available at select Croma stores and Acer Exclusive stores. IANS

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