Indian cosmetics brand Botnal has seen a 30% growth within three months after listing on e-commerce platform Nykaa, which galvanised its plans to further tap into its domestic market and the rising probiotics skin care space.
Indian beauty retailer Nykaa is set to unveil 50 more physical stores this year to strengthen its brick-and-mortar network and secure long-term growth opportunities in the burgeoning domestic market.
The APAC skincare market is tipped to grow by 5% each year to 2026, but there are five key challenges the sector needs to overcome to maintain its growth trajectory.
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