DISCOVER INDIA
The Emerging Hub for Skincare
Indian skincare market is expected to grow at a CAGR of 12.5% from 2022 to 2028, reaching a value of INR 1,400 billion by 2028.
The cream and moisturizer segments are the largest in the market which is accounted for 35% of the market and is expected to continue to grow at a CAGR of 11% by 2028
The online channel distribution for skin care accounted for 18% of the market in 2021 and is expected to grow at a CAGR of 16% by 2028.
Key Growth Drivers Fuelling Market
The disposable incomes of Indian consumers are increasing, which is giving them more money to spend on skincare products. This is especially true among the middle class and upper-middle class, who are increasingly becoming more health and beauty conscious.
There is a growing awareness among Indian consumers about the importance of skincare. 72% of Indian women are now investing a fair share in the right skincare.
With over 25% increase in the availability of international brands in India is driving the growth of the skincare market.
NAVIGATING THE REGULATORY LANDSCAPE
Step-by-Step Registration Process
Appoint an authorized Indian agent
A foreign manufacturer must appoint an authorized Indian agent to handle the registration process on their behalf. The authorized Indian agent must be a registered person with the CDSCO.
Submit the Regulatory Dossier
The regulatory dossier is a set of documents that must be submitted to the CDSCO for registration. The documents required vary depending on the product, but they typically include the following: :
- A product information file (PIF)
- A sample of the product
- A certificate of analysis
- A certificate of free sale
- A manufacturing license
- A GMP certificate
Track the status of your application
You can track the status of your application on the CDSCO website. The registration process can take up to 6 months. Once your product is registered, you will be issued a registration certificate. The registration certificate is valid for 5 years.
Marketing in India
Once the process is completed the products can successfully market and sell in India. The IAR must ensure compliance with reporting changes, adverse events, recalls, to the CDSCO, if any.
Empowering your Success in the Indian Market
Taevas is at the forefront of this expansion, supporting businesses as they navigate and conquer new markets. Our comprehensive range of services for the life sciences include
Market access solutions
Unleash your business potential with seamless market entry and expansion solutions to captivate Indian market, and maximize business impact.
Propel your brand to new heights with dynamic strategies and captivating digital journeys, outpacing your competition in India.
Ignite your brand’s growth and multiply revenue with cohesive expert sales and distribution strategies strategies across Indian market.
DECODING THE PATHWAYS
Launchpad to the Indian Cosmetics Market
Partnering with a Distributor
Collaborate with an Indian Authorized Representative
Establish Your Own Entity
Embarking on Success with Taevas
Taevas stands ready to serve as your custom-fit partner in India, catering to your unique business requirements.
As Your Market Entry Partner
- As your Indian Authorized Representative (IAR), we ensure your regulatory compliance
- We identify potential distributors for your products and facilitate initial connections
- You will lead the further development of these distributor relationships
As Your Commercial Partner
- Along with being your IAR, we also act as your centralized distributor in India
- We identify and appoint local distributors in different regions of India, creating a wide and efficient distribution network
- You can focus on your core business, while we handle the complexities of distribution
As Your Operational Partner
- Along with being your IAR, we also initiate the building of your local presence in India
- We put together a dedicated team who takes charge of sales partnerships and manages the nuances of business operations
- We ‘Build’ the infrastructure and set up processes; we ‘Operate’ the business, and when you feel ready, we ‘Transfer’ the control to you
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