Amidst the glitz and glam at Cosmoprof India, there lies immense opportunity for businesses to flourish. The beauty expo in Mumbai brings together over 500,000 professionals and more than 10,000 exhibitors from across the globe.
Cosmoprof’s Impact On Beauty Export Market
India is fast emerging as a key player in the global beauty market, with significant growth prospects across various segments. The Indian cosmetics sector is expected to double with a CAGR of 3.2% from 2023, reaching USD 18.4 billion by 2032.
This upward growth is fueled in part by global trade events like Cosmoprof. Here is a glimpse into the same:
- This beauty products exhibition showcased several sectors of the beauty industry. Be it quality ingredients or mesmerising finished products, it encompassed the entire cosmetics and beauty supply chain. It acquainted the attendees with newer clients and served as a ground for new business opportunities.
- Cosmoprof India has been one of the best-performing platforms for the development of Made in India beauty. It acts as a platform that facilitates networking between local companies and key international players.
- It leads to growth in innovation, technologies, and industrial solutions, which can improve the quality of local suppliers’ output.
- This beauty exhibition in India allows Indian beauty brands to showcase their unique offerings. With a rich history of Ayurveda-based skincare, natural beauty products, and organic cosmetics, Indians are gaining popularity worldwide, and Cosmoprof India helps highlight these unique selling points.
- Moreover, Indian beauty companies that attend this cosmetic exhibition in Mumbai gain access to trend reports, market intelligence, and expert advice. This piece of information can guide their product development and marketing strategies. It also enables Indian exporters to understand the demands and align their offerings to the international markets. For example, sustainable and cruelty-free products are in demand, especially in the Western markets. Several Indian brands have aligned their products according to these trends and aced towards meeting global standards and expectations by using the insights gained at the event.
This and more, Cosmoprof India has been a one-stop shop for ideas, business opportunities, advertisements and fruitful collaborations.
