The import of hair lacquers to India in 2023 stood at $579.74K. Projected figures show a consistent year-on-year increase from 2024 to 2028, with imports expected to grow from $599.98K in 2024 to $704.23K in 2028. The year-on-year growth is stable, reflecting a strong demand for hair lacquers. This indicates a positive trend in the beauty and personal care market, with an estimated CAGR of 4% over these years.
Future trends to watch for:
- Increasing consumer preference for premium and specialized hair care products.
- Potential impact of domestic production on imports due to policy changes or local market investments.
- Shifts in fashion trends influencing hair lacquer demand.
- Growth in e-commerce might boost accessibility and sales.