Saturday December 15, 2018
Home India Cosmetic Indu...

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

0
//
Cosmetic Industry
The cosmetics market of India is expected to triple by 2025. Wikimedia
Republish
Reprint
  • 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.”

ALSO READ: Heard of Tandoori Momos? : Tibetan Refugees Contribute to Indian Cuisine

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

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

Panasonic Unveils Mobile Computing Devices in India

The energy efficient device is built on the Qualcomm Snapdragon mobile platform to ensure long-term Android support

0
panasonic
Panasonic launches mobile computing devices in India. Flickr

Japanese electronics major Panasonic on Thursday launched TOUGHBOOK FZ T1 and L1 mobile computing devices in India.

The TOUGHBOOK FZ T1 is durable, compact and comes with a 5-inch screen and runs Android 8.1 Oreo OS.

The device delivers fast, easy barcode scanning with an integrated barcode reader, the company said in a statement.

It is also designed with MIL-STD-810G standards and comes with IP66/68 rating.

panasonic
Panasonic. IANS

“Our newest offering under the product category further assists consumers with their enterprise based working environment by robustly assisting them to augment their efficiency levels through the TOUGHBOOK series,” said Vijay Wadhwan, Business Head System and Solution Business, Panasonic India.

Also Read- Microsoft Working to Introduce a Consumer Version of Microsoft 365 Bundle

The FZ-L1 offers professional-grade capabilities and reliability to workers who rely on accessing information on-the-go.

The energy efficient device is built on the Qualcomm Snapdragon mobile platform to ensure long-term Android support. (IANS)