The forecasted data for the import of powders for skin care and make-up to India from 2023 to 2027 shows a consistent growth. Starting at $18.242 million in 2023, it rises steadily to $21.396 million by 2027. This translates into a year-on-year growth of approximately 4.45% from 2023 to 2024, and similar growth rates are observed in the subsequent years. The compound annual growth rate (CAGR) over this five-year period is also around 4%, indicating a stable and positive trend in the import market for these products in India.
Looking ahead, factors such as increasing disposable income, the growing influence of social media on beauty standards, and the rising awareness of skin care routines among both men and women in India could further bolster this growth. Additionally, the entry of new international brands into the Indian market and the expansion of e-commerce in beauty and personal care segments will likely fuel the demand for imported skin care and make-up powders.