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Oriflame Targets India as Largest Global Market by 2030

Oriflame Targets India as Largest Global Market by 2030
Oriflame Targets India as Its Largest Global Market by 2030 · theprint.in

Oriflame is a beauty and wellbeing company that wants India to become its biggest market by 2030.

The company says India could provide about one-fourth of its worldwide sales by then.

Today, India provides about one-tenth of its global revenue.

Oriflame plans to add 10 lakh new Beauty Entrepreneurs in India.

These entrepreneurs sell products and can build an additional source of income.

The company wants to expand beyond large cities into 500 more towns and cities.

More than 80% of its Brand Partners in India are women.

Oriflame also plans to use digital tools, training and local manufacturing to support this growth.

Key facts

2030 revenue ambition
India is expected to contribute about one in four euros of Oriflame’s global revenue.
Current revenue contribution
India contributes around one in ten euros of the company’s global revenue today.
Entrepreneur target
Oriflame plans to add 10 lakh new Beauty Entrepreneurs in India by 2030.
Geographic expansion
The company plans to expand into the next 500 towns and cities after its presence in 517 towns and cities.
Women Brand Partners
More than 80% of Oriflame’s Brand Partners in India are women.
India presence
Oriflame has operated in India for more than 30 years.
Global footprint
Oriflame operates in more than 60 markets and has over 3 million Beauty Entrepreneurs and members worldwide.

Quotes

Kenneth Benaim Campbell

CEO and President of Oriflame

“India represents much more than a growth opportunity for Oriflame; it is becoming increasingly important to our global ambition. What makes the market particularly distinctive is the combination of a large and evolving consumer base, entrepreneurial energy and a strong appetite for beauty and wellbeing. Our role now is to build on the foundation we have created over three decades and unlock the full potential of the market, while ensuring that India becomes an increasingly important contributor‬”
theprint.in
“India is a market where beauty is deeply personal, and where trust and recommendation continue to play an important role in how consumers discover and choose products. This creates a strong foundation for Oriflame’s model, but the opportunity also requires us to keep evolving with the consumer. Our focus will be on combining the strength of personal relationships with better digital experiences, relevant products and stronger commercial capabilities, so that our Beauty Entrepreneurs can serve‬”
theprint.in

Sources

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