MemCast
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India’s total beauty & personal‑care market is roughly ₹21 bn and still growing faster than forecasts.
  • The combined market for hair, skin, makeup and fragrance was estimated at ₹21 bn in 2024, already surpassing the 2025 projection of ₹20 bn.
  • Hair care alone accounts for ₹7‑8 bn, with oil still the dominant sub‑category.
  • Skincare and fragrance each contribute about ₹6‑7 bn, with both categories posting 10‑13 % annual growth.
  • The rapid expansion is driven by higher disposable income, tier‑2/3 penetration and a shift toward premium and prestige offerings.
  • Founders can leverage this macro‑trend by targeting fast‑growing sub‑segments rather than the saturated mass market.
BaktiNikhil Kamath00:38:20

Supporting quotes

beauty personal care at this point in 2024 was 21 billion which is so funny because our first investor deck had something from McKinsey and Bane saying in 2025 the Indian beauty market would be 20 billion. We've already beaten it. Bakti
Discussing overall market size
Hair care is 7.8 billion which majority is oil. Skincare is 6 billion. Fragrance is also about 3 billion. The fastest growing categories are skincare and fragrance, both around 10‑13% YoY. Deepa
Breaking down market segments

From this concept

The Size and Segmentation of India’s Beauty Market

India’s beauty and personal‑care market is now over ₹21 bn, with hair care, skincare, makeup and fragrance each carving out distinct growth trajectories. Understanding the split between mass, premium and prestige is crucial for founders deciding where to position their brand.

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