Elevating India's Cosmetic Industry

The cosmetic raw materials market in India is at present growing at a considerable pace due to various factors. The increasing middle-class population, higher per capita income, enhanced consumer consciousness towards personal care and skincare has driven the demand higher. The increase in the urban population and the adaptation of beautifying procedures from other nations also contributes to this trend. The market growth is driven by the rising use of natural and organic products in food and other related products due to change of people’s attitude towards the use of natural products that have little or no effect on the environment. The other factors that have boosted this market include regulatory development and the government’s effort in achieving the ‘Make in India’ program.

In addition, there has been an increased growth of the e-commerce sector that has enhanced the coverage areas as consumers obtain more cosmetic products and raw materials. The digital shift is further supported by the innovation of a rising number of startups and incumbents who are expanding their R&D efforts to meet the growing needs of the consumers. The market is also experiencing the trend of more and more global players making their way into the Indian market due to its size and growth possibilities. Altogether these factors lead to the dynamic growth of cosmetic raw materials market in India and giving it a strong position among the world cosmetic industries under the beauty and personal care segment.

In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.