Internet has led to an exponential growth in awareness. You are more tuned to “Googling” for information and clearing your doubts. There is a growing tribe of consumers who are alert, informed and take data-driven information. These developments are having far-reaching impact, which were earlier disjointed. This has prompted […]
Internet has led to an exponential growth in awareness. You are more tuned to “Googling” for information and clearing your doubts. There is a growing tribe of consumers who are alert, informed and take data-driven information. These developments are having far-reaching impact, which were earlier disjointed.
This has prompted the manufacturers to focus on markets, consumer safety, access to information and approaches like hazards identification and risk assessment.
One of the upcoming areas of such a change is the introduction of New Regulations to manage the Cosmetics Industry and its stakeholders.
There are few specific thoughts which led to the draft regulations being circulated to change the existing Drugs and Cosmetics Act 1940.
The idea behind the changes is mainly to make the Act contemporary and effective in the present-day world and not 1940!
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A report by TechSci Research states that the Indian cosmetics market is expected to grow at a CAGR of 6% in the period from 2019 to 2024.
There is growing demand for cosmetics from people of all walks of life belonging to either gender. The demand is equally strong and pervasive in Tier 2 and 3 cities.
Naturally, hordes of people are entering into this industry to grab a share of the market but many are ignorant about the ingredients or the possible health risk from spurious products.
The Indian government, envisaging the raging demand for products and acknowledging the presence of manufacturers, importers and distributors of cosmetics; has come up with sweeping changes in regulation.
It is now more consumer – oriented and aimed at empowering them with product safety information prior to use.
To know more about the finer aspects labeling, packing and other regulatory compliance as per the Act for cosmetics, Feel Free to Connect with us and we will be delighted to assist.
Saurangi is a food regulatory expert with 8 years of experience. She shares her knowledge and insights on regulatory updates, food trends, best practices, and news. Follow her for expert insights and practical advice on all things for food regulatory
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