Cosmetica Italia supports cosmetics companies to make the most of the potentials of Cosmoprof India Preview, the new event linked to the Cosmoprof platform proposed by UBM India and BolognaFiere. For the first time, the event in the form of a preview debuts in Mumbai at the Sahara Star Hotel on 10 and 11 September.
“In 2017, the value of the Indian cosmetics market reached over 11 billion Euro, in sixth place behind large well-established contexts such as Europe, USA, China, Brazil and Japan,” commented the President of Cosmetica Italia, Renato Ancorotti, “that is why we are closely watching this Cosmoprof India Preview, which is predicted to be an unmissable event for the Indian business-to-business sector.”
During Cosmoprof India Preview all strata of the cosmetic industry will be represented – make up, skincare and body care, hair care, perfumery and cosmetics, beauty salon and spa, nail, accessories, furniture and supplies for salons, as well as the supply chain, with the leaders in raw materials and ingredients, contract manufacturing and private labels, applicators, primary and secondary packaging – thanks to the 107 companies participating, both local and international.
Among them, 21 Italian cosmetics companies – 14 members of Cosmetica Italia – will showcase, representing all products categories, but mainly contract manufacturing and professional haircare: a proof of the interest towards this market. While in 2017 India was the forty-second destination for Italian cosmetics exports to the rest of the world, with a value of 14.6 million Euro, the growth against the previous year was remarkable, reaching almost 31 percentage points.
Looking at the Asian area alone, India is the seventh largest destination of Italian cosmetics exported and, together with Hong Kong and China, is one of the markets with the greatest growth opportunities for Italian cosmetics companies.
In particular, the most exported product category was alcohol-based perfume (5.6 million Euro) with an increase of 90%; body care products and make-up follow, respectively with values of 2.5 and 2 million Euro.
With regard to trends, again India seems to follow the dynamics of more advanced markets like South Korea and Japan: the attention of the industry towards “green” themes is fading, on the contrary replaced by functional-type claims, especially those linked to “long lasting” effects.
Turnover for the Italian cosmetics industry in 2017 reached almost 11 billion. The role of foreign markets remains fundamental, with the positive trend in exports generating a trade surplus of over 2.5 billion. The cosmetics industry as a whole, encompassing suppliers of ingredients, machinery, through to packaging for finished goods, topped 15.6 billion in value.