How Big Is India’s Beauty and Personal Care Market?

QUESTION OF THE WEEK: How Big Is India’s Beauty and Personal Care Market?

India’s beauty and personal care market is estimated to amount to $25.9 billion in 2020 and is projected to reach $32.7 billion by 2023, growing at a CAGR of 8.1%, according to Statista. In 2023, the personal care segment is estimated to account for 46% of the overall market, having grown at a CAGR of 8.3%—making it the largest and fastest growing category.