Cognis chases fast market growth in India

By Simon Pitman

- Last updated on GMT

Related tags: Indian cosmetics market, Marketing, Cosmetics

Fine chemicals specialist Cognis has opened a liaison office in
Mumbai, India, in an effort to tap in to new business opportunities
in the cosmetics industry.

The company said that the decision reflects the significant advances it has made in the Indian market in the last few years and will bring it closer to the customer base it has now established there. The move falls in line with the company's philosophy to move into markets where there is high growth and demand, a direction that has continued to drive the growth of its market share in recent years. Chasing health and wellness ​ In particular it wants to tap into the market for health and wellness, a trend that is currently fueling significant growth in the Indian cosmetics market. The focus of the Indian office will be to liaise with the company's three core areas: care chemicals - which largely supplies the cosmetic and personal care industry; nutrition and health; together with functional products. Secondary to that it will also be used to analyse market trends, strengthen connections with Indian companies, assess local manufacturing possiblities and liaise with universities and institutes for R&D opportunities. The company said that its existing sales activities in India will continue to be supported by its local distributors and international key account managers from the company's headquarters in Germany. Greater understanding of the Indian market "The liaison office will help us to understand the Indian market even better, and anticipate developments there at an earlier stage,"​ said Goutam Bhattacharya, head of the new Mumbai office. "The direct accessibility will further enhance our customers' confidence and help us give them the competitive edge they need to succeed - and, of course, enable us to grow our business in India,"​ he added. Associated Chambers of Commerce and Industry of India (ASSOCHAM) predicts that the cosmetics market will grow from $950m to $1.4bn in the next 2-3 years, which would bring India's per capita expenditure up to that of China's. Likewise, India has been cited as one of the most important emerging markets in the Asian region, with a 12.6 per cent increase in personal care sales revenue in 2006, according to a report from market research company Kline. Kline currently predicts increasing market sophistication as Indian consumers become more influenced by Western tastes.

Related news

Show more

Related products

show more

Sensiva™ go natural,a protector without compromise

Sensiva™ go natural,a protector without compromise

Ashland Global Holdings Inc | 24-Jun-2022 | Technical / White Paper

Consumers are increasingly buying natural, organic beauty and wellbeing products as noted from the increasing number of product launches with natural claim...

Formulating for Clean Beauty

Formulating for Clean Beauty

Elementis | 26-May-2022 | Product Brochure

Water scarcity and water pollution continues to be a concern for the environment. Every year, about 130 tons of microplastic particles from personal care...

Caressense™ biofunctional, powering ageless beauty

Caressense™ biofunctional, powering ageless beauty

Ashland Global Holdings Inc | 01-May-2022 | Data Sheet

For the first time, Ashland researchers reveal a natural bioactive that can activate skin’s sensors of touch, the piezos, to release “feel-good” and anti-aging...

Related suppliers

Follow us

Products

View more

Webinars

Indie Pioneers Podcast

Indie Pioneers Podcast