India is one of the world’s leading exporters of cosmetics and beauty products. Indian companies have a strong presence in the global market, with many brands Well recognized and respected. India’s cosmetics industry is growing rapidly, with new companies and products emerging all the time.
Top cosmetics exporters in India – Looking to invest in cosmetic manufacturers in Indian cities? We have information on several leading and best cosmetic product manufacturers here.With a large population and an increased awareness of beauty, India dominates cosmetic manufacturing. It also make sense for cosmetics investors to consider this segment for their future investment. Cosmetics sales in India have increased by 17.03% over the five years.
The role of cosmetic exporters in India is very important, as they help promote the country’s image abroad and also contribute to the economy. Many leading cosmetics companies in India are engaged in export their products to various countries across the globe. These companies have established a good reputation in the international market and are known for their quality products.
They offer a wide range of cosmetics that include skin care, hair care, makeup, and fragrance products. The Indian cosmetics industry growth is at a rapid pace and is expected to reach Rs 1 lakh crore by 2025. The export of cosmetics from India has also increased significant over the years and currently stand at Rs 15,000 crore. Some of the leading Indian cosmetics companies that export its products include Lakme, Hindustan Unilever Limited (HUL), Godrej Consumer Products Limited (GCPL), Dabur India Ltd., Emami Ltd., ITC Limited, etc.
Reasons why India is seeing unprecedented success in the Cosmetic export sector
There are many reasons for India’s success in the cosmetics export market. One is that Indian consumers are very demanding when it comes to the quality and performance of cosmetic products. This has resulted in Indian companies developing high-quality products that meet international standards. Additionally, India has a large pool of skilled labour that can produce these products at competitive prices.
Indian companies also have an advantage when it comes to selling into emerg markets such as Africa and Asia Pacific region, where there is a growing demand for affordable yet high-quality cosmetic products. Additionally, many Indian firms have developed innovative market strategies that allow them to reach out to global consumers effectively.
Internal cosmetic market analysis of India
The global cosmetics market is valued at over $500 billion and is expected to grow to $806 billion by 2023. India’s share of the global cosmetics market is currently around 2%. It is expect to grow significant in the next few years. There are several reasons for this:
- The population of India is projected to exceed 1.5 billion by 2025, making it the second most populous country in the world after China. This population growth will lead to an increase in demand for all types of consumer goods, including cosmetics.
- India has a large and growing middle class with disposable income that they are increasingly spending on luxury items such as cosmetics. In fact, according to a report from McKinsey & Company, Indian consumers are set to become some of the biggest spenders on beauty products in the world by 2025.
- The Indian government has been working hard to improve infrastructure and ease regulations (such as those related to foreign direct investment), making it easier for companies doing business in India – including cosmetic companies –to operate there successfully. All these factors make now an excellent time for cosmetic companies looking to expand their operations into India.
Cosmetics – Recent export data analysis
More than 156 countries import cosmetics. India exported cosmetics worth 123.22 million USD in 2020–2021 (Apr–Nov). Around 97336238 exports made overall in the 2020–2021 export year (April–November). The data demonstrates the enormous potential for cosmetics exporters in India to increase their involvement in international trade and boost their numbers. India exported 43124427 million metric tons of cosmetics in the first half of 2018 down -72.11% from the same period in 2017.
The top nations that imported Indian cosmetics worth the most money in 2020–2021 are list below (Apr–Nov). Israel (6.24 USD million), Brazil (7.09 USD million), Australia (7.07 USD million), Turkey (6.02 USD million), and the United Republic of Tanzania are India’s top 5 trading partners by value (5.65 USD million). 32.07 million USD is the total export value of cosmetics to these nations. Over 26.03% of all Indian exports of cosmetics go to these top 5 nations.
India’s largest export destination for cosmetics is Brazil. Brazil imported cosmetics from India worth 7.09 million USD in 2020–2021 (Apr–Nov). Brazil has a market share of 5.75% of the total cosmetic export shipments from India among the top countries. Australia came in second with a cosmetics shipment worth USD 7.07 million. A total of 43.22% of the value of India’s exports of cosmetics went to the top 10 nations.
Malawi imports the least number of cosmetics. India’s cosmetic export volume increased to all 10 of the nation’s top cosmetic export markets between 2017 and 2018. Comparing the rising figures from prior years, countries like Cambodia and Botswana have seen notable increases in their imports of Indian cosmetics.
Nhava Sheva Sea exports the majority of cosmetic shipments from India with a share of 26.0%, followed by Delhi Air Cargo with a share of 25.0% In India. There are approximately 43 top export ports for cosmetics. When it comes to the top ports for importing cosmetics from India. Kathmandu Port holds the largest share of 16.0% with 4245 shipments.
Conclusion
The Indian cosmetic export sector is seeing unprecedented success. This is due, in part, to the ever-growing demand for natural and organic products. India has a long history of using natural ingredients in its cosmetics. This is something that resonates with consumers around the world.
Kunal International India is a leading player in the Indian cosmetic export sector. We have a deep understanding of the market and what consumers are looking for. Work closely with our clients to ensure that they can reach their target markets successfully.
Kunal International India offer a comprehensive range of services that cover everything from product development to marketing and sales support. Our team has extensive experience in launch products in international market, and we are well-position to help our clients achieve success.