New Delhi: India is a beautiful place, with a lot of beauty and its residents love fashion and fashion trends.
The country also boasts a vibrant middle class.
But the country’s beauty industry is in trouble, with some major brands taking the industry by storm, according to a new report by the International Beauty Council (IBC).
The IBC, which is based in the United States and focuses on beauty products, said in a report published today that in 2018 India’s beauty market grew at an annual rate of 8.5% and had seen a 7% rise in revenue.
However, the report said the market had witnessed a sharp decline in revenue due to a number of reasons including a slowdown in new and traditional business models and the introduction of “cosmetic products that are not designed to be used daily.”
The IBPC report comes amid a backlash against the new cosmetic products introduced by Indian companies such as the cosmetic brand Cosme, which has been accused of peddling a dangerous product with an ingredient that can cause serious health problems, as well as cosmetics brand Hada Labo and its “beauty” brand “Cosmo.”
The new products include “natural skin” and “beautiful skin” products, which are widely used in India.
The new products are marketed as “cosmetics” or “beautification” products that “improve skin’s appearance, reduce redness, and smooth skin,” according to the IBPC.
The products are sold through various websites and online stores, such as e-commerce sites and mobile app stores.
Hada Labos, which was acquired by H.C. Cosmetics last year for $1.1 billion, has also seen its sales decline significantly as customers are turning away from the brand and switching to other brands.
C Cosmetics, which makes products like Hada Lotion, Hada Lip Balm, and Hada Color, is also facing a backlash after the “beautify” product was banned in India following the ban of “honey oil” and a new law that allows the government to restrict the use of ingredients that are known to cause adverse health effects.
The new law has led to the closure of over 2,000 cosmetic companies in India and the closure or termination of more than 8,000 factories.
Habitual use of the cosmetics ingredients have been linked to a range of adverse health conditions including cancer, birth defects, skin cancer, and even a rare form of breast cancer, according the IBAC.
The report also said that Indian beauty companies are struggling to compete in the international beauty market due to the lack of awareness among consumers.
The report said that the global cosmetics market in 2018 was worth $20 billion, with the U.S. accounting for $8 billion, China and Russia each accounting for the rest, and India accounting for 3% of the market.
India is estimated to be the largest beauty market globally.
Hollywood stars are also taking their talents to India, with actress Meryl Streep recently announcing her intention to open a makeup boutique in the country.
Holland, Belgium, and the U,S.
are the top five destinations for Indian beauty sales, according IBAC, followed by India and China.
India’s total beauty sales reached $8.3 billion in 2018, according in the report.
The IBAC report said India’s overall beauty market is expected to reach $15 billion by 2019, with India’s middle class making up 11.7% of India’s population, with about 40% of women in the middle class and over 50% of Indians earning less than $20,000 annually.