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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

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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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7 out of 10 Women Cheat on Spouses in India: Survey

The survey also showed that in India, homosexual people trapped in traditional marriages also finding same-sex partners in growing numbers

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Seven out of 10 women in India cheat on their husbands because they do not take part in domestic chores and the similar number of women turned unfaithful because their marriage had become monotonous, a survey by extra-marital dating app Gleeden said on Tuesday.

In a survey titled “Why do women commit adultery”, Gleeden, which has over 5 lakh users in India, revealed that metros, like Bengaluru, Mumbai and Kolkata, have the maximum number of women who cheat on their spouses to escape unhappiness, ignorance, neglect in marriage and husbands’ non-involvement in household chores.

“Four out of 10 women on Gleeden said flirting with strangers led to greater intimacy with their spouses, which means infidelity can be helpful in re-sparkling a dead marriage,” Solene Paillet, Marketing Specialist, Gleeden told IANS.

Of the 5 lakh Indian Gleeden users, 20 per cent men and 13 per cent women admitted of cheating on their spouses.

Primarily marketed to women — specifically those who are in relationship — Gleeden app was launched in France in 2009. It arrived in India in 2017 and today, 30 per cent of its members in India are married women in the age group of 34-49 years.

choosing partners, expectations of spouses
Representational image. Pixabay

Nearly 77 per cent of Indian women who chose to cheat on their husbands reasoned that their marriage had become monotonous and finding a partner outside marriage allowed them to add excitement to their lives.

“By creating a platform specifically dedicated to married women, Gleeden has catered to the monotonous and diluted lives of lakhs of women in India, where nearly three fourth of its members who engage in infidelity have no regrets whatsoever,” Paillet said.

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According to the survey, nearly 48 per cent Indian women who decide to have an extramarital affair, prefer to meet men on extramarital dating sites because they offer safety, privacy and security that is absent in real life.

The survey also showed that in India, homosexual people trapped in traditional marriages also finding same-sex partners in growing numbers. (IANS)