.2 minutes read Last Upgraded: Sep 05 2024|12:11 AM IST.India's beauty as well as individual care market is assumed to grow at a compounded yearly development price of 10-11 per-cent to reach $ 34 billion through 2028, Nykaa Beauty Trends Report said on Wednesday.The file approximates India's beauty and also personal care (BPC) market to be around $ 21 billion today.According to the record, the Indian BPC market is the fastest-growing market all over the planet expanding at a compounded annual growth fee of 10-11 per cent." India is actually the fastest expanding BPC market globally, expected to get to $ 34 billion through 2028," Nykaa pointed out in a statement.Depending on to the document, e-commerce is actually positioned to be the most significant motorist of this particular development as well as the fastest-growing section, expected to obtain a CAGR of around 25 per-cent." Rising ambitions and greater earnings amongst Indian buyers will certainly drive the market for fee beauty, anticipated to reach $ 3-3.2 billion through 2028. Along with 520-560 thousand consumers in 2023, the democratisation of appeal proficiency via social media is actually considerably influencing consumer options," the claim pointed out.The record claimed that online profession networks for BPC are anticipated to grow at around 25 per-cent CAGR and be at par along with offline arranged profession to represent thirty three percent of the section's total turnover.While unorganised offline business networks share will definitely minimize from estimated 55 percent in 2023 to 35 percent through 2028.( Simply the heading as well as image of this document might have been reworked by the Company Requirement personnel the rest of the content is auto-generated from a syndicated feed.) Very First Published: Sep 05 2024|12:11 AM IST.