Market Demand

World

The beauty business is one which is constantly evolving and success will depend on innovations and keeping up with new trends. New techniques and technology are also driving the growth in product innovation. Today awareness of beauty products and treatments is at an all-time high across the globe, future trends in the coming year will also be dictated by the demand for customized beauty care and personalized products. The sudden surge in the industry follows due to the constant evolution of lifestyles and individual choices in the use of Beauty products among men and women. There is a higher consciousness for Skin-care products contributing due to the regular working schedule. The new lifestyle has caught on to attribute ourselves with grooming and enhancing our physical features to be upbeat with the world.

This demand certainly grows on the industry’s performance and asks for its elevation. Our Professionals at BPRO adhere to such qualities by striving to achieve our motto of ‘Advancing the Global Beauty Industry’.

India

The beauty and wellness industry in India is booming, with a tremendous potential for growth. In fact, it is said to be growing twice as fast as markets of the United States and Europe. India is also the second largest consumer market of Beauty in the world. No wonder foreign companies have been targeting the Indian beauty market! 

India can certainly be said as the Next Big Global Beauty Market. The country’s improved economy in terms of disposable income and its connectivity as well as exposure through Internet contribute to the ever-growing Beauty demand. With the diverse set of consumers in India, the Beauty Industry needs to catch up with the production of products and services that are valued by the ultimate buyer. Such notions make India a huge consumer, observer and critic of the Beauty Industry.

With the Industry outcomes and Consumer demands, there is no stoppage to the potential of the Beauty and Wellness industry in India.

Makeup Industry Statistics

World

The global cosmetic market grew an estimated of 5.5 percent in comparison to the previous year, marking its potential growth and demand. Skincare, hair care, make-up, perfumes, toiletries and deodorants, and oral cosmetics contribute to the prominent product categories of the Makeup Industry worldwide. The growing consciousness of grooming had made Skincare the leading category, accounting for about 39 percent of the global market. Hair care products made up a further 21 percent, while make-up accounted for 19 percent. Skin care has been forecast to remain the most profitable product category, as its market value is projected to grow by 20.1 billion U.S. dollars. As of 2018, Asia Pacific was the industry leader, accounting for approximately 40 percent of the global market.

Beauty Professionals Association (BPRO) prepares the upcoming professionals by teaching the key factors to successfully enter the beauty and cosmetics market in India including careful understanding and adaptation of the Indian as well as International market. 

India

India’s cosmetic industry is projected to grow at a CAGR of over 6% during 2018-2024. The personal care and cosmetics sector in India has shown continued strong growth, increasing demand from the youth population, increasing adoption of western culture & lifestyle. The swift growth of the beauty business has not only impacted Indian firms to encourage competition in the space but has also lured numerous international brands into the country. India is on the road to uplift professional make-up lines or businesses that can cater to the wide range of salons and professional make-up artists across the country.

Beauty Professionals Association(BPRO) prepares the upcoming professionals by teaching the key factors to successfully enter the beauty and cosmetics market in India including careful understanding and adaptation of the Indian as well as International market. 

Hair Industry Statistics

World

Revenue generation in the Hair Care industry amounts to US$2,891.5m in 2020. The market is expected to grow annually by 6.9% (CAGR 2020-2023). In global comparison, the United States generates the most revenue. Hair care products are formulated to help nourish and prevent hair damage resulting from dryness, pollution, and other factors. The hair care market is comprised of thousands of products, such as shampoo, conditioners, serums, colorants, sprays, etc., which are composed of both natural and synthetic ingredients in order to maintain healthy, lustrous and well-groomed hair. In today's culture, healthy hair is a staple that portrays the idea of maintaining a youthful appearance, and this factor strongly influences purchase decisions among consumers.

Beauty Professionals Association (BPRO) embraces in-depth assessment of the competitive market, product market sizing, market trends, product developments, financial analysis, strategic analysis and so on to gauge the potential opportunities for the upcoming professionals in the Hair industry.

India

The Fast-Moving Consumer Good (FMCG) sector of India is strong and hence, it is expected to catapult the hair care market. Professional hair shampoo and conditioning has the largest share of India’s professional hair care product. Rising western culture, increase in consumer awareness about fashion trends and celebrity style following to upsurge the hair care market. A wide range of weather conditions in the country causing hair fall and hair damage problems are increasing the potential for hair treatments done by the professionals. Consumer over the years have become more open to experiment in hair treatment, hair color and bleaching. Styling and shaping in top knots, curly waves, sleek straight, half tied and more has become a new wave in the Indian Hair Industry.

Beauty Professionals Association (BPRO) embraces in-depth assessment of the competitive market, product market sizing, market trends, product developments, financial analysis, strategic analysis and so on to gauge the potential opportunities for the upcoming professionals in the Hair industry.

Nail Art Industry

World

Nail care has emerged as one of the most growing segments in the beauty industry just like skin, hair or makeup industry, the trend of frequent change in nail color, gel manicures or extensions became hit with celebrities and influencers and soon entered salons like a wave providing a significant opportunity to the professionals working their best for longer stability in the industry. Surging developments in cosmetics, fashion, and beauty consciousness among women and growing affordability is also providing the relevant boost to the industry. It is projected that the global nail care market had grown at a CAGR of 3.47% through 2019. Social Media contributes to salons’ customer engagement and management. We have noticed Nail art as one of the top five most tagged items whether it is Pinterest, Instagram or Beauty Blogs. Having good looking nails has become a priority of many, making frequent visit at the salons for beautiful nails and nail artwork. 

BPRO seeks to foster such market demand by looking into its networking and collaboration opportunities that revolutionizes the products and cater to the consumers of Nail Care.

India

The Indian nail polish market stood at $ 88.6 million in 2018 and is projected to grow at a CAGR of over 10%, to reach $ 143.6 million by 2024 due to the growing demand for nail polish and nail care products amongst middle class population and increasing number of internet users emphasizing on online retail channel. Several organization are looking to revolutionize the current product line to suit as per the diverse Indian population. The market seeks a growth aggravating technique that will benefit the organization through R&D as well as collaborations. The new surge in economy and adoption of the western lifestyle has supported the growth of the nail care business in India. Women are becoming more independent and aware of their looks. They are investing high amount of money from their disposable income to groom themselves and look more attractive. Due to the high professional competition in the job sectors, majority of mass is considering their looks as an important attribute of their character. This is serving as the best opportunity for the beauty salons to grow their business by adding a different concern, nail care business in their regimen.

BPRO seeks to foster such market demand by looking into its networking and collaboration opportunities that revolutionizes the products and cater to the consumers of Nail Care. 

Skin Care Industry

World

The global skin care products market size was valued at 134.8 billion in 2018 and is projected to expand at a CAGR of 4.4% from 2019 to 2025 on account of the rapidly expanding global cosmetics industry. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market over the forecast period. Moreover, the growing e-commerce sector is anticipated to boost the market growth further. Technological and product innovations have led to an increased demand for skincare products. The demand of the Esthetic Industry has shifted to a younger age group because of the growing consciousness and awareness amongst the generation. Rising awareness about natural ingredients providing UV protection is also expected to fuel the market growth. With the rising population, demand for products with anti-aging properties is expected grow, thereby driving the overall market. Organic skin care product manufacturers focus more on the development of newer formulations targeted at fighting the effects of skin aging. Rising awareness about skin care has led to the inclusion of sun protection, anti-aging, and anti-wrinkle properties in skin care and makeup products.

India

The Indian Skin Care Industry was stood at $ 1.6 billion in 2017 and is predicted to grow at a CAGR of 9% to reach $ 2.7 billion by 2023. The skincare industry is a part of the FMCG (Fast Moving Consumer Goods) sector and is considered as one of the rapidly growing dynamic markets. The common problems faced by Indian people are skin darkening, patchy skin, acne spots, and sunburns and also stress levels, lifestyle, hectic work hours that offer little sleep or unhealthy diet schedules have all become increasingly common for which they are seeking consultations solutions which allow them to take better care for themselves. Innovations in skincare products, the rising awareness about healthy skin routines and long term solutions to skin problems attracted people the most. Moreover, the awareness about the harmful effects of UV rays and other climatic factors leads the consumer to be more specific of the cosmetic products and trusting renowned professionals. Like fitness and a health-conscious lifestyle, people are willing to splurge on effective and healthy skincare solutions demanding organic cosmetics consumption is on the rise with consultations of cosmetologists certified by Beauty Professionals Associations. While essential skincare routine about two decades ago revolved around home remedies, fairness creams and sunscreens, today the bio-medical and professional experts have decreased the boundary by offering a specialized range of products that cater to the customized needs of different skin types. 

Beauty Products

World

The global cosmetic market grew an estimated of 5.5 percent in comparison to the previous year, marking its potential growth and demand. There is a new demand of homegrown beauty products and services as well as collaboration with science through R&D. Cosmetics and personal-care products have seen a continual growth owing to the Influencer marketing, as well as sustainable beauty methods. The manufacturing has become more transparent will all the processes duly reported in online marketing. When a new customer is being introduced to the brand, giving a trial of the product engages more customers looking to try a new product and are not willing to invest in a full-size product, as small packs give them options to try a product that they would otherwise not buy.

Beauty Professionals Association (BPRO) includes the trusted and certified Manufacturers, Distributors and Importers which can have their direct selling with the customers of the product without any middleman. 

India

The preference of consumers is changing and this has brought a shift in the way beauty products are looked at. Products like organic and ayurvedic have grabbed great attention of the consumers. Various brands have stepped into the market to provide products that are gentle to the skin and provide various other benefits. In recent years, the Indian beauty industry has been thriving with constant up-gradation in products combining ancient traditions and ingredients that have been working out their best when it comes to skin and hair resulting in the shift of interests as they have understood beauty products are something which has direct contact to our skin, it becomes important to know the real requirements and needs of the skin. When a new customer is being introduced to the brand, giving a trial of the product engages more customers looking to try a new product and is not willing to invest in a full-size product, as small packs give them options to try a product that they would otherwise not buy.

Beauty Professionals Association (BPRO) includes the trusted and certified Manufacturers, Distributors and Importers which can have their direct selling with the customers of the product without any middleman. 

Beauty Employment

World

The makeup industry is one of the biggest and oldest industries. In beauty and salon segment, workforce requirements are expected to grow more than 20 million in 2025 Based on market interactions, the beauty sector is expected to grow at a CAGR of 20 percent with 23 percent in the organized sector and 15 percent in the unorganized sector. The employment opportunities for Professionals in the beauty industry increase very year. The global beauty industry includes makeup, hair care, skincare and the related Industry. The makeup share amounts to approx. $18 billion, hair care share amounts to approx. $38 billion, and skincare share amounts to approx. $24 billion. The growth rate of the global beauty industry is up to 7% per year. The Indian Beauty and wellness industry is expected to achieve more than INR 1, 50,000 crores mark by 2025 as it is predicted to grow at a CAGR of 18% in the next 5 years.

India

The organized beauty and wellness market in India the industry will require around 12.1m people, of which 40% will be demanded by the organized sector and Recruitment and retention of skilled manpower is the biggest challenge faced by the industry today. There is a dearth of good training institutes, with standardized and accredited courses. The vocational training programs often impart theoretical knowledge with little hands-on experience. Hence, in-house training becomes the only option for companies to equip the workforce with the relevant skillset. There is a very limited pool of skilled professionals available in the country whereas the demand is huge. The attrition rate in the industry is high and retaining experienced professionals has become a key challenge. There are no dedicated government institutes or training centers to equip people with desired skills. But in the recent years, things have started to change as government has launched a number of skill development initiatives and vocational training programs.