17-Nov-2023
As we know, the global demand for cosmetics and skin care products is extremely high, and many business owners want to export their goods to other countries. But navigating the complexities of global trade demands thorough preparation and an in-depth understanding of the market statistics. In 2022, India's export value of cosmetics, soap and toiletries, and essential oils was about $1.8 billion, as per beauty products export data. In this blog, we'll take you through all the necessary steps to effectively export cosmetics and skin care products.
Yes, the market for skin care products in India is growing. Rising disposable money and youth awareness of their outlook and overall well-being are boosting India's beauty and wellness industries. Another element driving demand for beauty services is the growing number of working women spending more money on beauty services. The beauty and personal care market in India, estimated at $16.8 billion, is expected to grow at a compound annual rate of 11%, with cosmetics and perfumes rising faster based on beauty products data.
Cosmetics and beauty goods are always in high demand. As per beauty products suppliers data, India's export value of cosmetics, soap, toiletries, and essential oils was approximately $1.8 billion in 2021, up from $1.5 billion in 2016. Organic and herbal cosmetics and beauty products are becoming increasingly popular in India and worldwide.
In 2022, the cosmetic and skin care market, which comprises skincare, fragrance, cosmetics, and haircare, is expected to generate $430 billion in revenue. It has proven durable in the face of national and worldwide economic calamities. Many people, from top-tier financiers to A-list celebrities, desire to work in the beauty industry these days, and for good reason.
IMARC Group, a leading market research agency, has released a report titled "India Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." The Indian cosmetics sector is expected to grow at a 6.78% annual rate between 2023 and 2028.
According to the United Nations Comtrade database, the global export value of beauty items in 2022 was $62.7 billion. According to cosmetic product export data, the export value of cosmetics, soap, toiletries, and essential oils from India in fiscal year 2022 was about 2.9 billion US dollars. It represents a considerable increase from the previous fiscal year, 2021.
According to the United Nations Comtrade database, the global export value of beauty items in 2022 was $62.7 billion. According to cosmetics export from India data, the export value of cosmetics, soap, toiletries, and essential oils from India in fiscal year 2022 was about 2.9 billion US dollars. It represents a considerable increase from the previous fiscal year, 2021.
India is a significant exporter of skin care products, offering a wide range of products to suit various skin types and demands. Among the most popular skincare and cosmetic products exported from India are:
Ayurvedic facial oils: Ayurvedic face oils are becoming increasingly popular due to their healing and revitalizing effects. These oils are produced from a combination of herbs and carrier oils and are designed to improve skin texture, elasticity, and overall complexion.
Hair care products: India is also a significant exporter of hair care goods such as shampoos, conditioners, hair oils, and hair treatments. Indian hair care products are frequently based on traditional Ayurvedic formulations and are well-known for creating healthy, strong hair.
Products containing neem: Neem is a standard Ayurvedic ingredient with antibacterial, antifungal, and anti-inflammatory properties. Because of their skin-healing and clarifying properties, neem-based products are commonly exported from India.
Herbal face masks: India has a long history of herbal medicine, which is a famous export. These masks are frequently prepared with natural substances such as turmeric, sandalwood, and Multani mitti (clay) to address diverse skin conditions.
Based on beauty products data, the top export destinations for cosmetic products are:
China ($13.2 billion)
United States ($5.14 billion)
Hong Kong ($5.07 billion)
Germany ($2.87 billion)
Singapore ($2.6 billion)
These nations account for more than 60% of worldwide cosmetic imports. With a market share of more than 20%, China is the world's top cosmetics importer, as per Beauty products import data. The United States is the second-largest importer, followed by Hong Kong, Germany, and Singapore.
The global cosmetic market is a complex and dynamic business with diverse products, brands, and distribution channels. The top ornamental exporters and importers are continually shifting as new needs arise, and consumer preferences shift.
The existence of fake goods is a significant barrier to expanding the international skin care products business. The growth of the global cosmetics and skin care sector needs to be improved by a few fake, high-end items. Customers can lose the ability to tell fake products from genuine ones as the sale of these counterfeit goods rises.
Due to their use of inadequate raw materials, cheap production costs, and un updated Beauty products suppliers data, traders need help with the exporting procedure of skin care products. Obtaining the relevant beauty product export data from the market research company is advisable. One of the best market research websites is ExportImportData.in, where you can obtain the HSN codes list of skin care and cosmetic products.
Related Blog: Best Ways to Find Human Hair Importers and Buyers in India
The Indian cosmetics business thrives, and rising consumer aspirations fuel this expansion. Consumers are willing to pay for excellent cosmetic goods as they grow more aware of their appearance and well-being. It creates a fantastic opportunity for beauty supply-side companies to tap into India's massive consumer base.
According to Euromonitor International, the Indian cosmetics market is proving to be a goldmine of potential growth prospects, with a CAGR of 6.7% expected over the next five years. This substantial rise can be ascribed to various factors, including an expanding middle class with rising discretionary income levels and increased consumer knowledge of skin care products.
Simply, you need to visit ExportImportData.in' data-driven dashboard to analyze the skin care and cosmetic products HS code, India export import data, and much more. Our provides export and import data and offers reliable, current, and authentic market information.
In the future, Beauty Sourcing will continue to support the Indian cosmetics industry by cultivating a thriving environment of collaboration and innovation. Let us all work together to seize the chances that India's beauty market has to offer and pave the path for a more sparkling and wealthy future in the cosmetics industry.
Speak to our experienced professionals for insights on current market scenarios, and book a free live demo today!
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
