The use of cosmetics is a deeply ingrained part of Indian heritage dating far back into the country's history. Extensive historical records detail and illustrate the use of naturally derived cosmetic ingredients in India, many of which are used in modern cosmetics as both active ingredients and coloring agents. The Indian cosmetics market has grown steadily since 1990 when it experienced its first spike in growth.
Like China, India has a large and growing middle-class demographic characterized by increased disposable income and economic empowerment. In tandem with this change in consumer demographics, India is currently being transformed by a digital revolution and growth in e-commerce. India is set to become one of the top 5 global cosmetic markets and is projected to hit a market valuation of $20 Billion by 2025. The beauty industry is one of the fastest-growing sectors in India, with a CAGR of approx. 17%.
Understanding the needs of Indian consumers and understanding regulations is crucial for international enterprises entering the market. In this webinar, Ms. Rucha Kelkar, Founder of Praha Regulatory Consultants, will firstly analyze the Indian cosmetic market, then specify the cosmetic regulatory framework and its competent authority and detail the regulatory requirements on imported products.
