From 2013 to 2023, the export value of beauty, make-up, and skin care preparations from India exhibited a fluctuating trend. In 2013, the export value was 178.21 million USD, which decreased in subsequent years, reaching a low of 148.62 million USD in 2015. A steady recovery followed, and by 2023, the value stood at 194.5 million USD. The year-on-year variations ranged from notable declines, such as -15.56% in 2014, to significant increases, like 28.95% in 2013. The five-year CAGR leading up to 2023 was 2.58%, reflecting a moderate growth rate over this period.
For future trends from 2024 to 2028, a consistent growth trajectory is projected, with the value expected to reach 219.79 million USD by 2028. The forecasted 5-year CAGR is 1.92%, indicating a steady yet moderate annual growth rate. This forecast suggests a period of stabilization and gradual growth for the export market.
Future trends to watch for:
- Impact of emerging markets and increased demand for beauty and skincare products in new regions
- Influence of innovative product developments and natural ingredient trends on market growth
- Effects of trade policies and international relations on export figures
- Advancements in digital marketing strategies and e-commerce platforms