Cosmoprof India, the event of the Cosmoprof network, dedicated to the beauty and cosmetics market, has been postponed to December 9-11, 2021. BolognaFiere and Informa Markets, organizers of the event, jointly decided to reschedule the second edition of Cosmoprof India to grant a safe experience to stakeholders and exhibitors.
The exhibition will be held in a new venue, Jio World Centre in Mumbai: a highly appreciated hub for conferences, festivals, and concerts, located in a curated ambience. The synergy between modern architecture and nature is highlighted by the top-level services offered by the structure. Cosmoprof India will be the first beauty trade show held in the hub, welcoming attendees in a safe and stimulating space.
“We are monitoring constantly the evolution of covid19 in India, and in accordance with local regulations we decided to postpone Cosmoprof India to December 2021. The exhibition will be the first occasion for brands, buyers, retailers, and wholesalers to meet again after a long time of travel restrictions and social distancing, and to discover how the domestic industry is reacting to new digital tools, revised distribution channels, and new consumers habits, – said Mr. Gianpiero Calzolari, President of BolognaFiere. – Jio World Centre Mumbai, our new venue, will add value to the trade show, and we are honored to be the first beauty trade show to be hosted in their amazing spaces. This is our best way to support the beauty industry in India, promoting its resilience and its commitment for a new restart.”
Speaking on the postponement of the 2nd edition of Cosmoprof India, Mr. Yogesh Mudras, Managing Director, Informa Markets in India said, “The COVID-19 situation has presented a constantly challenging environment for exhibitions organisers and the beauty and cosmetic industry across the globe. Rescheduling the show to the end of the year at JIO World Centre, an optimal venue, will allow enough time for normality and confidence to return to the marketplace. It will enable us to offer efficient, impressive, and state-of-the-art solutions for our stakeholder’s evolving requirements. Over the coming months, the increased availability of vaccines will also relax travel restrictions and provide better and safe conditions for exhibitors and visitors to participate. We look forward to offering an outstanding business experience that our stakeholders have always expected from the much reputed and celebrated Cosmoprof India.”
Demographic growth, ever-improving living conditions, and the development of the manufacturing and digital sectors have given a boost to the Indian economy over the last few years. Today, the outbreak of COVID-19 and its consequences are impacting deeply on the state of the nation. As noted by Euromonitor International, an international market research company, the country’s prospects for growth shrunk significantly from a CAGR of +8.5% that was achieved between 2016 to 2019. Over the period of 2019-2020, the industry witnessed a growth rate of 2.3% achieving a market value of a little over $15 billion in December 2020, while the growth forecast for 2020-2021 is 1.7%. In 2022 the revenue growth in the beauty sector is anticipated to increase by +2.8%. Considering the current circumstances, Cosmoprof India will keep a steady eye on the evolution of the local market, presenting international stakeholders with innovative Indian trends and proposals.
About BolognaFiere Group
BolognaFiere Group is the world’s leading trade show organizer in cosmetics, fashion, architecture, building, art and culture, and boasts one of the most advanced exhibition centres in the world. BolognaFiere Group manages three exhibition centres (Bologna, Modena, and Ferrara) with an exhibition portfolio of over 80 events in Italy and abroad. BolognaFiere Group consists of several companies that offer an extensive range of event services and provide companies with all of the specialised services and promotional activities needed to successfully participate in its exhibitions.
About BolognaFiere Cosmoprof (www.cosmoprof.com)
BolognaFiere Cosmoprof is the group organizing Cosmoprof Worldwide Bologna, as part of BolognaFiere Group. Cosmoprof Worldwide Bologna is the most important meeting point in the world for beauty professionals, established in 1967 and held in Bologna, Italy. For the 2019 edition, Cosmoprof registered more than 265.000 attendees from 150 countries in the world, with an increase by 10% of foreign professionals, and 3,033 exhibitors from 70 countries. The Cosmoprof platform extends throughout the entire world, with its events in Bologna, Las Vegas, Mumbai, and Hong Kong, China (with Cosmoprof Worldwide Bologna, Cosmoprof North America, Cosmoprof India, and Cosmoprof Asia). Recently the fifth exhibition of the network has been announced: Cosmoprof CBE ASEAN, in Thailand, will focus on the cosmetic industry in South-East Asia. The Cosmoprof platform will reinforce its influence in Europe, thanks to the acquisition of the German group Health and Beauty, in South America, thanks to the collaboration with Beauty Fair -Feira Internacional De Beleza Profissional, and in Asia.
About Informa Markets
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com
About Informa Markets and our business in India
Informa Markets is owned by Informa PLC, a leading B2B information services group and the largest B2B Events organiser in the world. Informa Markets in India (formerly UBM India) is India’s leading exhibition organizer, dedicated to help specialist markets and customer communities, domestically and around the world to trade, innovate and grow through exhibitions, digital content & services, and conferences & seminars. Every year, we host over 25 large scale exhibitions, 40 conferences, along with industry awards and trainings across the country; thereby enabling trade across multiple industry verticals. In India, Informa Markets has offices across Mumbai, New Delhi, Bangalore and Chennai. For further details, please visit – www.informamarkets.com/en/regions/asia/India.html