The Rise Of Indian Brands In The Beauty Market
The wellness and beauty industry of India is at its growing stage. There is a sudden rise of Indian brands in the beauty market, it is in fact growing twice as fast as the European or American market. India is the second largest consumer market in the world with high potential for expansion and consumption. There are many big fishes in the sea who have been dominating the beauty and wellness industry all over the world for decades such as HUL and P&G.
Indian players in the beauty industry
To reap the potential of the Indian market, a new army of Indian brands are rising in the beauty industry. As opposed to most international brands, many Indian brands have leveraged their Ayurveda roots. These new players in the Indian beauty industry have taken over this segment with natural beauty products that are paraben-free. Some of these players have bottled age-old home beauty remedies that has changed the face of the competition in the Indian market.
Pioneers of Indian industry
Indian brands have set their foot strong in the Indian beauty industry and are pioneering the segment with the wonders they create. Some of these inspiring brands have major global cult.
Forest Essentials
Brainchild of Mira Kulkarni, Forest Essentials is the only Indian brand that has drawn investments from Estée Lauder Group. The brand boast products made of freshest ingredients like organically grown cold-pressed oils to steam-distill pure essential oils and creams. This pioneer Indian brand drives its inspiration from traditional ayurvedic recipes that are made by hand to add love.
Kama Ayurveda
This luxury, ayurvedic brand was thought by Vivek Sahni, with a clear view of not just creating a beauty brand, but a treatment and wellness-oriented package. The zeal to create a disruption in the beauty market and creating effective products, has earned this brand many loyalists around the world in just a decade.
SoulTree
With the world going all natural, many brands claim to use natural ingredients only. Whereas, SoulTree has stepped ahead by becoming the first and only Indian brand to gain BDIH Germany’s (an international authority on paraben-free skincare and cosmetics) seal of approval. The rapidly increasing portfolio offers 100% natural and fairly-sourced ingredients for products that tackle almost every skin concern, naturally.
Change in consumer behavior
The consumer has become more aware. Easy access to products and services and changing lifestyle has resulted in a major shift in the consumer behavior. The internet has brought an ocean of national and international beauty brands together to the world. The young Indian consumers are prioritising ‘meaning over materialism’. In this demanding market, brands with a point of view, authenticity, and transparency are the ones that can really flourish.
SEE ALSO
What Are The Nail Color Trends For 2020?
Share of Indian brands in the market
The rise of premium Ayurvedic brands have strengthened their foothold in Indian as well as the international market.
On one hand, FMCG leaders like Hindustan Unilever Limited are rising at the rate of 12% in consumer business and 6% in volume. Indian brands like Forest Essentials are welcoming 40% new customers in their stores every day. This percentage is increasing steadily.
The Indian cosmetic market is expected to register an annual growth of 25%, touching USD 20 Billion by 2025. The growing potential of the Indian market has attracted many foreign beauty brands to enter the realm like Kiko Milano, that has recently ventured in the year 2016. The constantly evolving consumers with interests in organic, ayurvedic and herbal beauty products help maintain growth of the market. This has also encouraged many Indian brands to step-up and reap the potential.
Conclusion
With people becoming obsessed with beauty, as social media and digitization demands it, the skincare, beauty and hair care products and new brands are being more than welcomed by the population. In such a booming market, there is definitely a scope for more and more brands to enter bringing in their uniqueness and ingredients that they have to offer to the consumers.
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The wellness and beauty industry of India is at its growing stage. There is a sudden rise of Indian brands in the beauty market, it is in fact growing twice as fast as the European or American market. India is the second largest consumer market in the world with high potential for expansion and consumption. There are many big fishes in the sea who have been dominating the beauty and wellness industry all over the world for decades such as HUL and P&G.
Indian players in the beauty industry
To reap the potential of the Indian market, a new army of Indian brands are rising in the beauty industry. As opposed to most international brands, many Indian brands have leveraged their Ayurveda roots. These new players in the Indian beauty industry have taken over this segment with natural beauty products that are paraben-free. Some of these players have bottled age-old home beauty remedies that has changed the face of the competition in the Indian market.
Pioneers of Indian industry
Indian brands have set their foot strong in the Indian beauty industry and are pioneering the segment with the wonders they create. Some of these inspiring brands have major global cult.
Forest Essentials
Brainchild of Mira Kulkarni, Forest Essentials is the only Indian brand that has drawn investments from Estée Lauder Group. The brand boast products made of freshest ingredients like organically grown cold-pressed oils to steam-distill pure essential oils and creams. This pioneer Indian brand drives its inspiration from traditional ayurvedic recipes that are made by hand to add love.
Kama Ayurveda
This luxury, ayurvedic brand was thought by Vivek Sahni, with a clear view of not just creating a beauty brand, but a treatment and wellness-oriented package. The zeal to create a disruption in the beauty market and creating effective products, has earned this brand many loyalists around the world in just a decade.
SoulTree
With the world going all natural, many brands claim to use natural ingredients only. Whereas, SoulTree has stepped ahead by becoming the first and only Indian brand to gain BDIH Germany’s (an international authority on paraben-free skincare and cosmetics) seal of approval. The rapidly increasing portfolio offers 100% natural and fairly-sourced ingredients for products that tackle almost every skin concern, naturally.
Change in consumer behavior
The consumer has become more aware. Easy access to products and services and changing lifestyle has resulted in a major shift in the consumer behavior. The internet has brought an ocean of national and international beauty brands together to the world. The young Indian consumers are prioritising ‘meaning over materialism’. In this demanding market, brands with a point of view, authenticity, and transparency are the ones that can really flourish.
SEE ALSO
What Are The Nail Color Trends For 2020?
Share of Indian brands in the market
The rise of premium Ayurvedic brands have strengthened their foothold in Indian as well as the international market.
On one hand, FMCG leaders like Hindustan Unilever Limited are rising at the rate of 12% in consumer business and 6% in volume. Indian brands like Forest Essentials are welcoming 40% new customers in their stores every day. This percentage is increasing steadily.
The Indian cosmetic market is expected to register an annual growth of 25%, touching USD 20 Billion by 2025. The growing potential of the Indian market has attracted many foreign beauty brands to enter the realm like Kiko Milano, that has recently ventured in the year 2016. The constantly evolving consumers with interests in organic, ayurvedic and herbal beauty products help maintain growth of the market. This has also encouraged many Indian brands to step-up and reap the potential.
Conclusion
With people becoming obsessed with beauty, as social media and digitization demands it, the skincare, beauty and hair care products and new brands are being more than welcomed by the population. In such a booming market, there is definitely a scope for more and more brands to enter bringing in their uniqueness and ingredients that they have to offer to the consumers.
Source: https://www.iknockfashion.com/the-rise-of-indian-brands-in-the-beauty-market/
