This year India celebrated a momentous milestone as it became the world’s most populated nation.
Equally impressive is the Indian beauty and personal care market, which is growing at a rate of 10% every year and on course to double in size by 2030*! Currently valued at $15 bn, India now ranks as the world’s 8th largest market, just after France ** (*/**: Source: Euromonitor International).
Essential oils and fragrances are some of India’s most recognized trademarks. In fact, in 2022, essential oils were the 3rd most searched for product category at in-cosmetics Asia. Fragrance ingredients also figured as a highly popular type of ingredient - sought after by almost a third of visitors to the Bangkok show.
Which is why we are announcing 2023 as the year of India Country Focus!
