Gurgaon (Haryana) [India], July 19: The latest comprehensive report on the Indian Beauty and Personal Care (BPC) market, “Beauty Report 2024”, has been released by CreatorTag, offering insights into one of the world’s most dynamic and rapidly expanding markets.
This report, meticulously compiled by industry experts, presents a detailed analysis of market trends, growth drivers, and future projections.
Download the latest report, ‘Beauty Industry Report 2024,’ to stay ahead in this dynamic landscape.
The Indian BPC market has demonstrated remarkable dynamism and resilience. It is projected to expand at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2032, reaching an estimated $33.33 billion by 2027. This significant growth is fueled by an expanding middle class, rising disposable incomes, and a burgeoning demand for wellness and aesthetic products.
The report delves into the factors driving this growth, including urbanisation, the digital revolution, increased consumer expenditures & significant investment and acquisition activity. The report provides a detailed breakdown of the BPC market segments, including makeup, haircare, skincare, fragrances, personal care, and men’s beauty. India is positioning itself to claim a 5% share of the projected $660 billion global beauty and personal care market by 2027. The report highlights the rapid growth of India’s BPC market in comparison to other major markets like China and Indonesia.
Prince Khanna, Founder of CreatorTag and Eleve Media, notes, “This influx of investments is a game-changer. It’s allowing brands to innovate and bring fresh, exciting products to the market while focusing on quality and sustainability. The adoption of advanced technologies is not only improving product efficacy but also enhancing the overall consumer experience.”
About the entry of global beauty brands into the Indian market, Vivek Saini, Founder & Chairman of Kama Ayurveda, adds, “By staying true to our values and delivering on our promise of selling products that are authentic and productive, we’ve managed to carve out a niche for ourselves amidst the entry of global beauty brands. In a competitive market like India’s beauty industry, the potential of the beauty and wellness segment is immense.”
CreatorTag
CreatorTag is an all-in-one creator marketing platform that empowers brands to build campaign boards seamlessly, stay on top of team communication, discover top-tier creators, and manage payments effortlessly. With our powerful yet intuitive CreatorTag app, we are pioneering new avenues for brands to elevate their product marketing and drive sales through the creator ecosystem. By targeting over 450 million social media users across India, we are revolutionising how brands connect with audiences and achieve their marketing goals.
