💅 Inside India’s $42 Billion Glow Up
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
😂 OOPS SAYS
Between Gen Z and Gen Alpha, that’s a lot of multi-step skincare routines. At this rate, India’s collective glow-up is going to be visible from outer space.
What actually happened
India's beauty market is projected to nearly double to USD 42 billion by 2031. This expansion will make India the fourth-largest global beauty market by 2030. Gen Z and Gen Alpha consumers will drive nearly half of sector spending by 2031. Online sales will increase their market share to 34 percent by 2031. Profitability and repeat orders will determine long-term business value for brands.
Key points
- India's beauty market is projected to nearly double to USD 42 billion by 2031.
- This expansion will make India the fourth-largest global beauty market by 2030.
- Gen Z and Gen Alpha consumers will drive nearly half of sector spending by 2031.
- Online sales will increase their market share to 34 percent by 2031.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #business
- #india
- #beauty