The import of powders for skin care and make-up to India has shown a steady increase from 2024 onward, starting at 1.7199 million kilograms in 2024 and projected to reach 1.982 million kilograms by 2028. Compared to 2023, which stood at 1.658 million kilograms, the market has experienced a positive upward trend. Year-on-year variations show consistent growth, with increments of roughly 4% annually over the forecast period. The average compound annual growth rate (CAGR) anticipates a steady 3.6% growth from 2024 to 2028.
Future Trends to Watch:
- Increasing demand for high-quality cosmetic products driven by India's expanding middle class.
- Rising consumer awareness and preference for premium brands.
- Potential impacts of regulatory changes and import duties.
- Shifts towards e-commerce platforms and online retailing boosting accessibility.
- Technological advancements in product formulations enhancing product appeal.