.2 minutes read Final Updated: Sep 05 2024|12:11 AM IST.India's charm and also individual care market is assumed to grow at a compounded annual growth cost of 10-11 per cent to connect with $ 34 billion through 2028, Nykaa Beauty Trends Report stated on Wednesday.The record determines India's charm as well as individual treatment (BPC) market to be about $ 21 billion currently.According to the record, the Indian BPC market is the fastest-growing market throughout the globe increasing at a compounded annual development rate of 10-11 percent." India is actually the fastest developing BPC market worldwide, assumed to connect with $ 34 billion through 2028," Nykaa said in a claim.Depending on to the record, e-commerce is poised to become the most significant motorist of the growth and the fastest-growing section, foreseed to accomplish a CAGR of around 25 per-cent." Increasing desires and greater revenues among Indian consumers are going to push the market for costs elegance, expected to reach $ 3-3.2 billion by 2028. With 520-560 million users in 2023, the democratisation of elegance expertise by means of social media is actually dramatically influencing consumer selections," the claim stated.The record claimed that on-line profession channels for BPC are actually anticipated to develop at around 25 per cent CAGR and be at the same level along with offline arranged profession to represent thirty three per-cent of the portion's overall turnover.While unorganised offline field networks discuss are going to reduce coming from predicted 55 per-cent in 2023 to 35 per cent through 2028.( Simply the headline as well as picture of this document may possess been reworked by the Business Standard staff the remainder of the information is auto-generated from a syndicated feed.) Initial Posted: Sep 05 2024|12:11 AM IST.