Anurav Dave’s Post

India, is a hot destination for global beauty players, as they tap into the huge demand and potential of this diverse market.  some highlights: -> NARS Cosmetics from Shiseido partnering with Shoppers Stop has exceeded early sales expectations -> L'Oréal reaches 50,000 salons in 400 (out of 800) cities, with a vision to expand to more untapped areas and consumers. --> India’s beauty and personal care market is expected to be worth a whopping $30 billion, with a projected 10% annual growth rate till 2027. --> #kbeauty is creating a buzz among Indian teens, who are drawn to its trendy and natural offerings. --> India’s population is young, diverse, and beauty-conscious, with a growing appetite for new and innovative products. Get all the latest trends, innovations and more at Cosmoprof Worldwide Bologna Cosmoprof India Redseer Strategy Consultants Peak XV Partners TheEconomic Times

L'Oréal CEO Nicolas Hieronimus sent shares of his company and others downward following comments that the global #beauty market will grow at 4.5-5.0% in 2024, compared to a previous forecast of 5.0%. The key culprit was weakness in the Chinese market. This is creating significant interest among brands in the Indian beauty market, which is anticipated to grow nearly 15% annually through 2026, totaling $28.9 billion by the end of the forecast period. Not to mention that McKinsey & Company recently noted that #India is "expected to emerge as a new hot spot." Here's what's happening in the market and what brands and retailers are doing to capture growth.

ESW is well in front of the game when it comes to the Indian Market. We can help you take advantage of the growth opportunity. #india #localization #payments #globalpayments #internationaltransactions #crossborder #ecommerce #globalecommerce #esw

Seoul-based skincare and cosmetics company The Face Shop has announced Bollywood actress Khushi Kapoor as the first-ever face of the brand in India. THE FACE SHOP Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing 

Ever wondered what makes a beauty #Brand truly stand out? It's the USP - what makes your product or service better than competitors. Today, I’m excited to give you a sneak peek into my upcoming venture, Amatrra Cosmetics, and its #USP. First, let's start with 'our' start. After over 20 years of exposure in the #BeautyIndustry through my family’s legacy, my passion for skincare led me to Seoul. There, I collaborated with top manufacturers to create innovative, premium skincare solutions for India. This is what Amatrra is bringing to India - a revolution in premium skincare. At Amatrra, we are not just about creating products; we are about setting new standards in the beauty industry. Our mission is to bring premium, scientifically-formulated skincare solutions to #India, blending advanced technology with deep-rooted expertise to meet the diverse needs of our consumers. In a market flooded with gimmicky products, it is crucial to focus on quality and authenticity. Amatrra stands out because we prioritise #Research and #Development, ensuring that every product we offer is backed by rigorous scientific exploration and crafted with care. Furthermore, our goal is to educate consumers on how to distinguish between quality products and mere trends. I believe that a true passion for beauty lies in the purpose behind the work. And for me, it’s about transforming beauty standards and making premium skincare accessible to everyone, irrespective of gender. Hence, Amatrra is not just about a unique selling point, but an innovative culmination of USPs. Amatrra will not be just a brand, but a #Community of customers, professionals, industry experts, and beauty enthusiasts who share a love for #Innovation and excellence in #Skincare and makeup. So, let's connect and be a part of this upcoming revolution! #SocialNetworking #Business #Networking #Launch

𝗛𝗨𝗟 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗻𝗲𝘄 𝗯𝗿𝗮𝗻𝗱 𝗶𝗻 𝗕𝗣𝗖 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 • HUL is set to launch its luxury cosmetic brand, Hourglass, in the Indian beauty and personal care market. Known for its cruelty-free premium makeup and skincare products. • Hourglass will be available through HUL's dedicated counters in department stores and various e-commerce platforms. • This new brand will compete with established names like Bobbi Brown, Estee Lauder, and Sephora, offering customers both online and offline shopping options. 𝗛𝗨𝗟 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗶𝘁𝘀 𝗕𝗲𝗮𝘂𝘁𝘆 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘁𝗼 𝗺𝗲𝗲𝘁 𝘀𝘂𝗿𝗴𝗲 𝗶𝗻 𝗱𝗲𝗺𝗮𝗻𝗱 • HUL has maintained its position as a market leader with established    brands like Lakme and Dove. • It is now set to introduce Hourglass as a new offering, with potential future expansions to include Tatcha and Living Proof, though those plans remain tentative. 𝗥𝗶𝘀𝗲 𝗶𝗻 𝗽𝗲𝗿 𝗰𝗮𝗽𝗶𝘁𝗮 𝗶𝗻𝗰𝗼𝗺𝗲 𝗶𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗮 𝘁𝗿𝗲𝗻𝗱 𝘁𝗼𝘄𝗮𝗿𝗱 𝗽𝗿𝗲𝗺𝗶𝘂𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻. • Market data indicates that the middle class is increasingly willing to invest in premium products. This shift in consumer demand is beneficial for HUL, as its premium portfolio contributes 35% to overall revenue.  • The company is focusing on high-margin, low-penetration segments to capitalize on this trend. #HUL#Beauty#Skin#Care#FMCG#Premuim#Hourglass#Lakme#Dove Rishabh Kale

-India is now a pivotal growth driver for global cosmetics giants like L'Oréal and Shiseido, according to recent insights. -The cosmetics industry is witnessing a significant surge in demand within the Indian market. -Both L'Oréal and Shiseido are strategically tapping into this growth, highlighting India's emergence as a key player in their global expansion plans. -This shift underscores the changing dynamics of the beauty and skincare market, with India becoming a focal point for major international brands. -As consumer preferences evolve and the beauty industry continues to thrive, these companies are recognizing and capitalizing on India's substantial market potential. -The strategic emphasis on India as a growth driver aligns with the nation's increasing influence in the global beauty sector, portraying a promising trajectory for the industry's future. #marketing #loreal #marketingtransformation #branding #marketdynamics

PROYA COSMETICS : THE SUCCESS OF A CHINESE BEAUTY BRAND Proya’s success (In 2023, the company’s revenue hit US$1.34 billion)  signals a significant shift in the Chinese beauty market, which is no longer dominated solely by European and American players. Emerging Chinese independent cosmetics brands like Proya, Kans, and Marubi have grown to become formidable competitors. Kans and Proya secured the top two spots for best-selling beauty brands in Douyin’s 1Q 2024 results. Both brands surpassed the 2 billion RMB ($276 million) sales milestone on Douyin. While domestic cosmetics companies still have a long way to go before challenging the market dominance of international giants like L’Oréal, whose annual revenue is 30 times that of Proya, these milestones underscore the importance of localization in the dynamic Chinese market. International brands must not underestimate the potential of homegrown players. It’s a very good news that European and US cosmetic giants,  are starting to be challenged by local Chinese brands, as their attitude could sometimes be perceived as “arrogant” with the all too often claims that “only EU or US” brands knew how to develop performant/efficient/qualitative skincare. Chinese brands have the benefit to perfectly know their customers and the extremely fast evolution of customers expectations/market trends. Let’s hope that this trend will continue and create more equilibrium in the Beauty market as we have to remember that competition is a positive driver to avoid the feeling of condescension of some western beauty brands. "it's European so it's efficient and qualitative" is not anymore sufficient as a sale's argument. #chinesebeauty #Proya #skincaremarket #Douyin #onlinesales #jingdaily

Honasa Consumer Ltd. Skincare Brand The Derma Co Hits ARR Of INR 500 Cr🥳 Honasa Consumer, the parent company of Mamaearth, has announced that its second brand, The Derma Co., has achieved a remarkable milestone: an annual revenue rate (ARR) of INR 500 Cr. This achievement signifies the growing demand for specialized and science-backed skincare solutions in India. The Derma Co. stands out by offering consumers an AI-powered experience that analyzes their skin and recommends personalized products or regimens. - Moreover, The Derma Co sold over 1 Cr units in the last financial year. - Mamaearth co-founder Ghazal Alagh said this milestone demonstrates Honasa Consumer's capabilities in effectively building and scaling new brands. - Launched in 2020, The Derma Co provides solutions for skin and hair conditions through a range of active ingredient-based products. Looking ahead: The success of The Derma Co. paves the way for further innovation and expansion within the Indian skincare market. We can expect to see: - Continued advancements in AI-powered skincare solutions. - Increased focus on personalization and catering to specific skin concerns. - The emergence of more homegrown FMCG brands catering to the diverse needs of Indian consumers. What does the success of The Derma Co. mean for the Indian FMCG landscape? Tell us in comments! #HonasaConsumer #TheDermaCo #AI #Skincare #PersonalizedProducts #ARR #India #FMCG #Innovation #Growth #startup

🔥 🇮🇳 AS CHINA IS SLOWING DOWN, ALL EYES ON INDIA 🇮🇳 🔥 "The relative weakness of the Chinese beauty market has driven interest toward India as a new international growth center, as evidenced by Sephora’s November 2023 retail expansion partnership with Reliance Beauty & Personal Care. According to NielsenIQ data, India’s beauty sales were up 7.1% year over year as of Q3 2023. In that time, fragrance sales jumped 17.6% year-over-year. Skin care sales in India jumped 8.6% in the same period, per NielsenIQ data, followed by color cosmetics, which increased by 8%."