India’s beauty market is experiencing rapid growth, fueled by rising disposable incomes, increasing consumer awareness, and shifting towards personalized and sustainable products. This year Cosmoprof India offers a platform for global brands to tap into this burgeoning market and connect with key industry players.
“India’s beauty and wellness sector is witnessing a golden era. Rising incomes, evolving consumer preferences, and the emergence of new-age brands are driving unprecedented growth. The integration of physical and digital channels is enhancing consumer experiences, while the focus on inner beauty and men’s grooming is expanding the market’s potential.” said Vivek Biyani, Founder, Broadway on the sideline of the Cosmoprof India organised by BolognaFiere Group and Informa Markets in India.
Cosmoprof India and Cosmopack India hosted over 700 exhibitors, attracting an estimated 9,000 visitors eager to explore the latest innovations and trends. This year 22 countries represented a significant increase in country pavilions.
Yogesh Mudras, Managing Director of Informa Markets in India, emphasized India’s growing prominence, predicting the beauty and wellness sector will reach $34 billion by 2028. He pointed to the increasing demand for premium beauty products and the event’s role in positioning India as a global hub for beauty innovations.
Antonio Bruzzone, CEO of BolognaFiere, highlighted the growth of the Indian beauty market, noting it is the second-fastest growing market in Asia and expected to exceed $30 billion by 2025.
At the event Samir Srivastav, CEO, of Looks Salon, said, The Indian beauty and personal care market is witnessing rapid growth, driven by increasing consumer awareness and rising disposable incomes. Looks Salon, India’s largest luxury salon chain, reflects this growth with its expanding network across the country. Post-pandemic, internet penetration has fueled product consumption in rural areas, while the service ecosystem continues to evolve. India’s stable economic environment and supportive government policies further contribute to the industry’s thriving state.
Tarun Sharma, Co-Founder & CEO, of MCaffeine & HYPHEN said, “India’s beauty and personal care market, currently valued at $28 billion, is poised for significant growth, driven by rising consumption and increasing per capita income. Notably, India ranks 60th globally in terms of per capita spending on beauty and personal care, with a mere $18 average annual spend, contrasting with Hong Kong’s $550 and the US’s $350-$370.”
