In 2023, the import of essential oils, perfumes, cosmetics, and toiletries to India stood at 1.2367 billion USD. In 2024, the forecasted value is 1.2889 billion USD, marking a 4.22% year-on-year increase. The trend continues with values rising to 1.3421 billion USD in 2025 (a 4.12% increase), 1.3942 billion USD in 2026 (3.88% increase), 1.4452 billion USD in 2027 (3.66% increase), and reaching 1.4952 billion USD in 2028 (3.46% increase). Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 3.87%.
Future trends to watch for include:
• Increasing consumer demand for organic and natural products
• Growing influence of e-commerce in driving imports
• Shifts in global trade policies impacting import tariffs and duties
• Innovations in product formulations and packaging driving market differentiation
• Impact of geopolitical factors on supply chain stability and costs