.2 min read Last Upgraded: Sep 05 2024|12:11 AM IST.India's charm and also individual treatment market is actually expected to expand at a compounded annual development rate of 10-11 per cent to reach out to $ 34 billion by 2028, Nykaa Beauty Trends Document claimed on Wednesday.The document approximates India's beauty and also personal care (BPC) market to be around $ 21 billion today.According to the file, the Indian BPC market is the fastest-growing market around the planet increasing at a compounded annual development rate of 10-11 per-cent." India is the fastest growing BPC market around the world, anticipated to reach out to $ 34 billion through 2028," Nykaa mentioned in a declaration.Depending on to the report, shopping is actually positioned to become the largest chauffeur of the development as well as the fastest-growing segment, foreseed to accomplish a CAGR of around 25 per-cent." Rising aspirations and much higher revenues amongst Indian customers will certainly push the market for premium charm, expected to reach out to $ 3-3.2 billion through 2028. Along with 520-560 thousand users in 2023, the democratisation of charm knowledge by means of social media sites is considerably influencing consumer choices," the statement claimed.The record stated that internet profession networks for BPC are actually anticipated to grow at around 25 percent CAGR and go to the same level with offline arranged business to account for 33 per-cent of the sector's total turn over.While unorganised offline field channels discuss will certainly lower coming from approximated 55 percent in 2023 to 35 percent by 2028.( Only the title as well as image of this report may have been actually reworked by the Business Requirement personnel the remainder of the material is actually auto-generated coming from a syndicated feed.) Very First Posted: Sep 05 2024|12:11 AM IST.