India is among the top five countries for beauty and wellness markets in the world. Estimated at $ 950 million and growing at 18.6%, it will reach $ 2.68 billion by 2020.
Growing spending power among women pose opportunity for the industry: 35% income spent on themselves.
Malaika Arora Khan signed as brand ambassador
Date, Place: Global beauty and cosmetics’ brands will sparkle at the first “Beauty India” exhibition to be held in Mumbai from 24 -26 October 2016 at the Bombay Exhibition Centre. Organised by Sumansa Exhibitions, a reputed name in organising trade exhibitions across the globe, the B2B event will be a great opportunity to showcase beauty-related products and to find a foothold in the Indian market that has earned credibility for fertile growth in beauty industry. The show will also serve as the perfect platform to build long-term relationships between manufacturers, suppliers and customers.
Bollywood star and TV personality Malaika Arora Khan has being signed as the brand ambassador of the show.
As per market reports, the beauty and cosmetic market is estimated at $950 million and is growing rapidly at a compound annual growth rate (CAGR) of 18.6 per cent, reaching $2.68 billion by 2020. The rate of growth will be twice as fast as that of the United States and European markets.
Himanshu Gupta, General Manager – Sales & Marketing B2B Events, Sumansa Exhibitions said, “The beauty and wellness industry is booming across the world and there is much anticipation and excitement about the industry in India, which is among the top five countries for beauty and wellness markets in the world.
“One of the main focuses of Beauty India is to bridge the gap between global and local players. Beauty and personal care in India is serious business for both marketers and consumers with statistics showing resilient spending.
Healthy competition, encouraging response to innovations in products to suit the Indian market and a continuous rising demand ensures that there is room for new players and healthy turnover. At Beauty India, exhibitors will get the opportunity to foray into this market of opportunity,” added Himanshu.
Brand Ambassador of Beauty India, Malaika Arora Khan, said, “If we look at the progress India has made in beauty and wellness industry, it has done well in both sectors. Indians by and large have become more conscious of their appearances and are willing to invest more in their personal care for desired results. The booming industry is simply evident of this simple fact that today’s Indian believes in looking his/her best.”
“I’m very happy to be associated with such a unique concept because I truly believe that India has the potential for a much bigger beauty and cosmetic market. International players have always found India a fertile ground for investment, courtesy a growing brand, beauty and wellness consciousness among consumers. More importantly, Indians understand and appreciate the value of quality products,” added Malaika.
In January 2016, a report released by Assocham, an apex trade association, estimated luxury beauty products market in India to be growing at average 28 per cent over the last three years. The Confederation of Indian Industries, an association of Indian businesses, estimates the current beauty market at $4.6 billion, expecting a growth of between 18 and 20 per cent per annum in the coming years.
Beauty India will focus both on skin care & hair care (professional, wellness and personal product lines), colour cosmetics, personal care products, nail care and accessories, professional equipment and Spa, fragrance and machinery, packaging and raw material suppliers.
The exhibition will provide a unique platform for launch of products, networking opportunity with industry leaders, building new partnerships, exchange of ideas, product display, franchise opportunities, live demonstrations, innovation and showcasing new technologies for all stakeholders such as manufacturers, suppliers, ancillaries, end-users, emerging entrepreneurs and government institutions.
"Beauty India, with the International experience of the organizers, shall help exhibitors expand their access to knowledge, their sourcing base, their revenue opportunities and market share. Providing business partners with a comprehensive package of services to reach their individual goals is what the organizers feel is market expansion services – an integrated professional approach, effectively picking up the irreversible trend of globalization, attracting sector of the global outsourcing industry with promising substantial growth," said Kajal Anand, President All India Cosmetic Manufacturers Association and advisor at Beauty India.
Being a Business driven Platform, there would be value added events running concurrently to the Exhibition like Buyer-Seller Meet, On-Site Beauty Sessions, Seminars & Workshops, Demo Areas and Featured Products Area.
“The country’s cosmetic sector has, in fact, emerged as one of the top sectors holding immense growth potential. New product launches catering to consumers’ growing requirements will fuel growth in the industry, for which the future outlook seems exceptionally bright. Most of the international brands are trying to cash in on the huge appetite for foreign cosmetic brands in India amid growing spending power among the country's large section of women, thanks to the increasing number of ladies entering the corporate workforce every year. On an average, working women in India tend to spend 35% or more of their income on themselves”, further elaborated Himanshu.
For further details on the event, please visit Beauty India website: www.beautyindiashow.com
For more information, please contact:
Himanshu Gupta, General Manager – Sales & Marketing B2B Events, Sumansa Exhibitions , Mob :-+91 9810097166, Email :-himanshu.gupta@sumansagroup.com
