Our research indicates that the Indian cosmetic industry is expected to remain on its growth track in coming years. It is anticipated that the industry will grow at a CAGR of around 17% between 2010 and 2013. The future growth will depend on increasing disposable income of middle class families. Besides, improving literacy rate, advertising and promotion of cosmetic products, rising awareness about personal care and western culture influence will further fuel growth in the cosmetic market. It is expected that the skin care and beauty salons will give impetus to the overall cosmetic market.
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