.2 min went through Last Upgraded: Sep 05 2024|12:11 AM IST.India's beauty and also individual care market is actually anticipated to increase at a compounded annual growth price of 10-11 per cent to connect with $ 34 billion through 2028, Nykaa Beauty Trends Document pointed out on Wednesday.The document estimates India's charm and individual care (BPC) market to become around $ 21 billion at present.According to the document, the Indian BPC market is actually the fastest-growing market around the globe expanding at a compounded annual development price of 10-11 per-cent." India is the fastest increasing BPC market around the world, assumed to get to $ 34 billion by 2028," Nykaa said in a statement.According to the record, shopping is actually positioned to become the largest chauffeur of this particular growth and also the fastest-growing sector, foreseed to achieve a CAGR of around 25 per-cent." Climbing goals and greater incomes amongst Indian buyers are going to push the market for premium appeal, expected to reach out to $ 3-3.2 billion through 2028. Along with 520-560 million users in 2023, the democratisation of charm skills by means of social media is dramatically influencing buyer options," the claim claimed.The file mentioned that on-line business stations for BPC are actually anticipated to expand at around 25 per-cent CAGR as well as go to par along with offline organised business to represent 33 per cent of the sector's total turnover.While unorganised offline profession channels share will lessen coming from approximated 55 per cent in 2023 to 35 per cent through 2028.( Just the heading and also picture of this file may have been actually reworked due to the Company Requirement team the rest of the information is auto-generated from a syndicated feed.) 1st Published: Sep 05 2024|12:11 AM IST.