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.
Join Now
