A Booming Market
Personal care ingredients market in India is projected to grow at a CAGR of 9% during 2017 to 2026. Rising consumer spending on personal care products, growing trend of multifunctional personal care products, and increasing online sales of personal care products coupled with shift in consumers’ preferences from synthetics to natural ingredients is expected to boost demand for personal care ingredients in the country. Moreover, increasing use of beauty and cosmetic products among women and growing inclination of men towards grooming products are anticipated to positively impact India personal care ingredients market in the coming years.