This shows how much potential the outsourcing business holds and how likely it is to thrive in an interconnected world.
4. Herbal Cosmetics
Capitalise on India’s renowned ancient herbal heritage and export natural skincare and beauty products. According to a report by Allied Market Research, the Asia-Pacific region will most likely witness the highest growth rate in the organic cosmetics market, making India a strategic location for production. Moreover, experts expect the Ayurvedic market, a subset of the herbal cosmetics market, to reach US $4.7 billion by 2026, growing at a 9.5% CAGR from 2019-2026.
So, this business idea would prove to be lucrative. European and North American consumers are increasingly demanding clean beauty products, with 73% of millennials willing to pay more for sustainable products, according ecuador phone number list to a Nielsen survey. Tie up with Ayurvedic experts and manufacturers to come up with a range of organic cosmetics with therapeutic properties of Indian herbs and botanicals. You could use famous Indian herbs like neem, turmeric, aloe vera, and tulsi in your products. Indian brands like Forest Essentials and Biotique are some great examples of this business.
5.
The garments or clothing industry is growing by the day as new global fashion trends penetrate countries. With the ease of eCommerce, you’d see Indian customers adorning European or American fashion or Westerners wearing Indian kurtis/kurtas and suits, and so on.
People want to experiment and have access to worldwide fashion trends. We’re currently glaring at a USD 645.21 million global eCommerce apparel market size, set to reach around USD 1221.03 million by 2031. This demand gives you a huge opportunity to make massive profits out of this international business idea.
eCommerce Garments Business
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