Published on May 19, 2014

Cosmetics is one of the fastest growing retail segments in India, escalating disposable earnings and sway of western lifestyle have been notably lashing the demand for personal care products in the country.

The cosmetic market is at blossoming stage in India and there is a large untapped population with the desire to look adolescent and fair. Indian cosmetic segment is efficiently improving presently. With rising demand from men the Indian market is getting enlarged and many players are coming out with cosmetic products.

Rising demand for elevated performance products with multifunctional properties from anti-wrinkle to smoothening and sun protection are anticipated to heighten the cosmetic chemicals market. Indian cosmetic chemicals market is predicted to inflate noticeably over the next five years as key makers like BASF and Galaxy Surfactants are scheduling to amplify their manufacturing capacities in India in addition to massive planned investments in R&D.
According to Indian Cosmetic Chemicals Market Forecast & Opportunities, 2019, the personal care ingredients market in India is predictable to nurture at a CAGR of about 10% during 2014-19.

Report said that the demand for cosmetic chemicals such as n-Butanol and Acetone is also growing as the requirement from end users are growing in Indian cosmetic market.

Source said as India is very price sensitive market, developing innovative pricing strategies will augment the astonish development in the market and several research and technological developments with multifunctional benefits will encourage the demand for high performance cosmetic ingredients in the country in near term.