The Indian cosmetic industry has witnessed rapid growth in the last couple of years, growing at around 7.5 % between 2006 and 2008. With improving purchasing power and increasing fashion consciousness, the industry is expected to maintain the growth momentum. It is projected to grow around 7 % during the forecast period 2009 – 2012, says Indian Cosmetic Sector Analysis a recent research report by RNCOS. This development can be clearly seen in the expanding personal and home care market in India with a large number of local manufacturers.

ASSOCHAM (Associated Chambers of Commerce and Industry of India) said in a recent press release: Demand for personal and fabric wash products including toilet soaps witnessed a growth of 14.2 percent in the first quarter 2009 in India. The oral care segment that includes toothpaste, tooth brush and tooth powder, grew 10.8 percent in the first quarter of 2009-10 and has a market size of Rs.33.6 billion. Skin care and cosmetics, with an Rs.18.5-billion market size, grew 11.52 percent in the first quarter and is expected grow further. The Rs.80-billion hair care market grew 14.68 percent in the first quarter, Assocham said.

There is no time to wait if you want to grow with this booming market, find new clients, discuss ideas, establish and strengthen relationships to generate profits and identify the right ingredients for your successful products.

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