Key Market Indicators
Indian cosmetics export is set to reach $2.5 billion by 2026, up from $2.1 billion in 2021. This is an average growth rate of 2.8% year on year. Since 1993, Indian supply has increased at an average rate of 6.9% year on year. In 2021, Mexico overtook India, with exports of $2.1 billion, while the United States, Germany and Ireland followed in second, third and fourth places respectively. Meanwhile, Indian cosmetics import is expected to reach $1.4 billion by 2026, up from $1.1 billion in 2021. This is an average growth rate of 3.4% year on year. Since 1993, Indian demand has increased by 10.9% year on year. In 2021, South Africa overtook India, with imports of $1.1 billion, while China, Germany and the United Kingdom followed in second, third and fourth places respectively.
