Increased Spending by Women on Herbal Cosmetic Products

The high acceptance rate of herbal cosmetics over chemical based has led to significant opportunity for Herbal Cosmetic Industry in India, says RNCOS in its latest research report.

According to our report, ?Indian Herbal Cosmetic Market Outlook 2022?, the Herbal Cosmetic market has witnessed growth in recent years on account of rising awareness on personal care needs and usage of chemical free cosmetic products. With new product launches catering to women at large, the industry is witnessing rise in consumption of cosmetic products.

The harmful effects caused by non-herbal cosmetic products due to presence of chemical in the formulation have led to a shift in trend of using herbal products. With increasing women population along with high spending power, the Indian Herbal Cosmetic industry is forecasted to grow at a CAGR of 23% during the period of 2017-2022.

Further, online shopping is a growing trend in the country. The online shopping culture has increased in the country due to growing internet usage and changing work lifestyle. The herbal cosmetic players are providing online shoppers a pleasant experience through their high quality products and superior customer services. Moreover, the research and development in order to launch new brands and to sustain in intense competition present in the industry would continue to drive the herbal cosmetic market during the forecasted period.

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