Cosmoprof India brings together beauty stakeholders under one roof
The highly anticipated launch of Cosmoprof India, one of the network’s event dedicated to the fast-growing Indian market, is finally underway. From 7 to 9 December 2023 in the Jio World Convention Centre in Mumbai suppliers, brands, retailers, distributors, and professionals can explore cutting-edge trends and product launches, engage in discussions on evolving consumer behaviours, and delve into the strategic significance of India as a key destination for beauty brands and suppliers.
Mumbai, December 9, 2023: The highly anticipated launch of Cosmoprof India, one of the network’s event dedicated to the fast-growing Indian market, is finally underway. From 7 to 9 December 2023 in the Jio World Convention Centre in Mumbai suppliers, brands, retailers, distributors, and professionals can explore cutting-edge trends and product launches, engage in discussions on evolving consumer behaviours, and delve into the strategic significance of India as a key destination for beauty brands and suppliers.
Cosmoprof India unveils new launches from finished product brands specialized in Cosmetics & Toiletries, Beauty Salon & SPA, Natural & Organic, Nail & Accessories, and Hair Salon. Simultaneously, Cosmopack India showcases the most innovative and avant-garde solutions for the supply chain, from ingredients and raw materials to branded finished products, including machinery and equipment, from private label to contract manufacturing and packaging.
Cosmoprof India continues to demonstrate robust growth, aligning seamlessly with the economic expansion of the region. The 2023 edition registers impacting results, with an increase of up to 44% of exhibiting companies. Over 450 brands and exhibitors are showcasing their latest launches and novelties, coming from 19 countries and regions. The growing acknowledgement of the exhibition within the industry is evident in the significant influx of new exhibitors, marking a notable 28% increase compared to the previous year, as well as by the positive percentage of international brands (+49% compared to last year, with Korea, Italy, UK, and Taiwan being the most represented countries). Perfumery & Cosmetics, OEM, ODM and Private Label, and Primary Packaging are the product categories attracting the highest number of exhibitors.
The exhibition area has reached 12,000 sqm, too, making a substantial +34% growth compared to the last edition. This increase highlights the event's growing influence and relevance in the industry. Cosmoprof India 2023 is attracting global attention, as represented by the presence of 5 country pavilions: Australia, Korea, Italy, Taiwan, and UK.
At Cosmoprof India stakeholders can take advantage from networking with peers and new leads from all segments of the beauty industry, from the supply chain to finished product brands, thanks to unrivalled tools for match making. A dedicated buyer program facilitates attendance of approximately 130 key players from Nepal, Sri Lanka, and UAE, together with top buyers from India: they are all interested in the development of the local industry, as well as in new trends and consumers’ habits. Their collective interest lies in the development of the local industry, as well as staying abreast of new trends and consumer habits.
“Cosmoprof India represents one of the destinations of the Cosmoprof network, together with Bologna, Hong Kong, Las Vegas, Bangkok and, starting from 2024, Miami and Riyadh. The exhibition reflects all the elements which make Cosmoprof a global partner for business, at the same time adapting to the specific needs of the Indian market. Thanks to the constant contribution of the most prestigious trendsetters and worldwide leading companies and brands, Cosmoprof India is already highly recognized from beauty professionals all over the world,” states Gianpiero Calzolari, President of BolognaFiere.
Business opportunities in the region are visible to all stakeholders. With a population of 1.486 billion people, India has become the most populous country as of June 2023 passing China. The growth of the middle and upper classes and a strong influence of international media are deeply influencing the local population. Beauty registers one of the highest growing rates, with personal care products, skincare and fragrances recording the highest increase.
Speaking on the occasion, Yogesh Mudras, Managing Director, Informa Markets In India said, "As the Indian consumer landscape evolves, a decisive shift emerges, wherein consumers are more opinionated, aware, and focused. With Consumer Spending surging to $296 billion (INR 23.7 lakh crores), India is on track to become the world's third-largest consumer market by 2027. The per capita gross income of Indian consumers too is anticipated to rise by 138% in real terms from 2021 to 2040, expanding their disposable income and creating ample opportunities for beauty brands to deepen their presence in the Indian market. Despite this potential, the pipeline is still limited, with only 17-18 million out of 100 million women actively engaging with beauty products, highlighting a significant runway for further market share growth. In this transformative period, COSMOPROF India stands out as a pivotal partnering platform, reshaping the Indian cosmetics industry through collaboration, innovation, and a dedicated commitment to meeting the dynamic preferences of today's consumers”.
Emphasizing a notable shift in the dynamics of the beauty and cosmetics industry, Sanjiv Sharma, CEO, Grey Trendy Professionals Pvt Ltd, said, "India has transitioned from a consumer to a leader in the beauty and cosmetics industry. The world now looks to India as a pioneer, and the next two decades will see the global market seeking to learn and acquire our best products. This optimism is fuelled by the rapidly expanding men's grooming market in India, which is currently at 900 million USD expected to reach USD 1900 million by 2029. Grey Trendy Professionals Pvt Ltd. is capitalizing on this growth, aiming to expand its Men’s Barber Salon Chain brand, HMX BY HAIRMECHANIXX stores from its current five branches to 50 by 2024 and 100 by 2025. The company prioritizes standardized operation processes, reasonable pricing, and top-quality international products, contributing to its rapid success. Events like Cosmoprof India provide a platform to explore the potential of the Indian beauty market, underscoring India's rise as a global hub for beauty products, attracting international attention, and setting new industry standards.”