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South Korea became the world’s second-largest beauty exporter in 2025, surpassing the United States with €10bn in exports and behind France with €23.3 billion. Korea also overtook France as the top exporter of beauty products specifically to the US in 2024, its first time outpacing France in that market.

India’s beauty and personal care market is worth $27bn today. Flipkart in its 2026 InsightsOne’s Glam Up report projects it will reach $39bn by 2030, a nearly 10% growth per year making it one of the fastest growing beauty markets in the world. A survey of global beauty professionals published in the same report shows…

Over the past 18 months, global beauty groups placed increasingly large bets on the Indian market with Unilever and L’Oréal being the most active. Unilever acquired Minimalist for $342m in January 2025 which was at the time the largest transaction in the country’s beauty sector until L’Oréal announced last week a majority investment in Innovist,…