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Growth Slows For India's Beauty And Personal Care Market In 2015

June 14, 2016: 12:00 AM EST
India's beauty and personal care products market grew 13.6 percent to $11 billion in 2015, the lowest growth rate in five years, according to Euromonitor. Data from the market research firm revealed sales fell due to a slowdown in consumer spending on personal care products. Weak growth in this segment, which accounts for about 22 percent of the country's total FMCG market, according to consulting firm KPMG and the Federation of Indian Chambers of Commerce and Industry, was blamed on low monsoon for two consecutive years.
Suneera Tandon, "Strapped for cash, Indians are buying fewer beauty products", Quartz India , June 14, 2016, © Atlantic Monthly Group, Inc.
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